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Mental Health & Substance Abuse Centres in Canada - Industry Market Research Report

Publisher IBISWorld
Published Sep 07, 2024
Length 75 Pages
SKU # IBSS19342962

Description

Mental Health & Substance Abuse Centres in Canada - Industry Market Research Report


Mental Health & Substance Abuse Centres in Canada

Rising awareness of the economic, personal and societal benefits of mental health and substance abuse treatment has supported the growth of mental health and substance abuse centres in Canada. Expansion of mental health centres has been crucial, as the country's growing population and rising rates of mental health and substance abuse disorders have translated into a greater need for inpatient treatment. Long periods of isolation and uncertainty related to the COVID-19 pandemic worsened the country's rates of mental health conditions, creating an even larger need for treatment. Yet, labor shortages predating the pandemic and reduced capacity at centres limited their ability to provide care, although an injection of federal funding offset losses. While health expenditure has recovered, inflation and workforce shortages continue challenging mental health centres. In all, industry-wide revenue has been expanding at an estimated CAGR of 1.0% to $2.0 billion over the past five years, including expected growth of 3.3% in 2023.

The Mental Health and Substance Abuse Centres industry in Canada primarily provides residential care and treatment for patients with mental illnesses, drug addiction and alcoholism. Industry services include lodging, supervision, evaluation and counselling. Medical services may be available. However, these are incidental to counselling, mental rehabilitation and support services.

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

75 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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