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Drug & Alcohol Rehabilitation Clinics in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 20, 2024
Length 73 Pages
SKU # IBSS19493677

Description

Drug & Alcohol Rehabilitation Clinics in the US - Industry Market Research Report


Drug & Alcohol Rehabilitation Clinics in the US

Rising awareness of the importance of substance abuse treatment has supported drug and alcohol rehabilitation clinics in recent years. Medicare and Medicaid coverage expansion and program funding through SAMHSA have aligned with the changing societal attitudes toward drug and alcohol abuse. Expansion of clinics has been vital, as rising rates of substance abuse and a worsening opioid epidemic expand the need for accessible treatment. COVID-19 exacerbated preexisting rates of substance abuse in the US. Long periods of stress and isolation pushed many people to drugs and alcohol to cope, while the CDC is attributing the increasing use of fentanyl to an unprecedented overdose death rate. Pandemic-related operating and labor challenges have strained clinics' ability to meet the record-high demand. Despite this, rising incomes, broader insurance coverage and changing attitudes have led industry-wide revenue to expand at a CAGR of 3.3% over the past five years, totaling an estimated $5.0 billion in 2023, when revenue is slated to increase 1.5%.

The Drug and Alcohol Rehabilitation Clinics industry comprises clinics with medical staff that primarily provide inpatient and outpatient services related to diagnosing and treating alcohol, drug and other substance abuse. For-profit and nonprofit establishments are included.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

73 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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