Residential substance abuse and mental health facilities provide medical services, room, board, supervision and counseling services to patients suffering from mental illness or substance abuse. Substance abuse refers to patterned use of a drug which is harmful when consumed in large quantities. Uncontrolled use of these harmful drugs leads to many health issues including psychological and behavioral problems and even medication reactions. Substance abuse poses a threat to the well-being of drug users as well as their families.
The global residential substance abuse and mental health facilities market has shown slow growth in the past years with a CAGR of just over 2%. The year 2017 recorded highest ever growth in this market as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the residential substance abuse and mental health facilities market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Online tools and telehealth consultations are offering access to mental health experts to individuals dealing with mental illness. It is also an ideal tool for individuals who prefer anonymity. A recent study published by the Journal of Substance Abuse Treatment found that live internet-based chemical dependency treatment performed well compared to traditional face-to-face counseling. California-based CRC Health Group is one of the leading providers of online treatment in this field.
Companies included in the report are National Health Service, Universal Health Services, Acadia Healthcare Company, Kindred Healthcare, and Genesis Healthcare.
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