U.S. Mental Health And Addiction Treatment Centers Market To Reach $225.23 Billion By 2030

U.S. Mental Health And Addiction Treatment Centers Market Growth & Trends

The U.S. mental health and addiction treatment centers market size is expected to reach USD 225.23 billion by 2030 and is expected to reach at 6.3% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing prevalence of mental health and substance use disorders in the country. This trend has been attributed to several factors, including societal pressures, rising rates of substance abuse, and the impact of a sedentary lifestyle on mental health. In addition, government initiatives such as the Affordable Care Act have expanded health coverage and mandated coverage of substance abuse treatment, increasing demand for treatment services. For instance, in March 2022, Secretary Becerra initiated the HHS National Tour to Strengthen Mental Health, as a part of President Joe Biden’s efforts to transform mental health services for all Americans.

The market has witnessed significant growth in recent years due to factors such as the increasing prevalence of mental health disorders such as depression, anxiety, bipolar disorder, schizophrenia, and substance use disorders. As per The National Institute of Mental Health (NIMH), mental illnesses are prevalent throughout the U.S., affecting a significant portion of the population. In 2021, it was estimated that over 57.8 million U.S. adults, or more than one in five, lived with a mental illness.

The rising prevalence of substance abuse disorders serves as a driving factor for the growth of the mental health and addiction treatment center market. The government has increasingly prioritized treatment over punitive measures for substance abuse, with treatment programs and facilities becoming the accepted method of addressing addiction. There were 16,066 substance abuse facilities in the U.S. in 2020, with the highest concentration in California.

Government initiatives have been a key driver of growth in the market. The addiction treatment industry in the U.S. has undergone significant changes in the past years due to two main factors such as the opioid epidemic and the implementation of the Affordable Care Act (ACA). The surge in overdose deaths since the early 2000s has resulted in a crisis of unprecedented magnitude. Meanwhile, the ACA has provided healthcare coverage to millions of Americans who were previously uninsured and required the inclusion of substance abuse treatment. This has led to a significant increase in demand for treatment services.

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U.S. Mental Health And Addiction Treatment Centers Market Report Highlights

• The mood disorder segment held the largest share in 2022. The segment's growth is driven by increasing awareness, diagnosis, and treatment options, as well as greater insurance coverage through the Affordable Care Act

• The outpatient treatment centers segment held the largest share in 2022 and is expected to exhibit the highest CAGR during the forecast period. The rise in demand for outpatient treatment centers can be attributed to the increasing prevalence of behavioral disorders. The U.S. Outpatient programs offer structured care while allowing patients to maintain social and professional responsibilities. Research has indicated that outpatient treatment significantly improves the chances of long-term recovery for individuals with behavioral disorders

• The adult age group segment held the largest market share in 2022, with individuals above the age of 18 being more susceptible to mental and addiction disorders due to various life stressors that come with aging. In the U.S., mental illnesses are prevalent with approximately 20% of adults living with such conditions, translating to around 52.9 million individuals in 2020

• Some of the key market players include Acadia Healthcare; Behavioral Health Network, Inc. (BHN); Promises Behavioral Health; Pyramid Healthcare Inc; Haven Corporate; Universal Health Services, Inc. (UHS); Aware Recovery Care.; CareTech Holdings Plc American Addiction Centers

U.S. Mental Health And Addiction Treatment Centers Market Segmentation

Grand view research has segmented the U.S. mental health and addiction treatment centers market based on disorder, treatment centers, and age group:

U.S. Mental Health And Addiction Treatment Centers Disorder Type Outlook (Revenue, USD Million; 2017 - 2030)

• Mood Disorder

• Substance Abuse Disorders

• Anxiety Disorder

• Psychotic Disorders

• Eating Disorders

• Personality Disorders

• Others

U.S. Mental Health And Addiction Treatment Centers Treatment Centers Type Outlook (Revenue, USD Million; 2017 - 2030)

• Outpatient Treatment Centers

• Inpatient Treatment Centers

• Residential Treatment Centers

• Other Treatment Options

U.S. Mental Health And Addiction Treatment Centers Age Group Outlook (Revenue, USD Million; 2017 - 2030)

• Adult

• Geriatric

• Adolescent & Teens

List of Key Players in the U.S. Mental Health And Addiction Treatment Centers Market

• Acadia Healthcare

• Behavioral Health Network, Inc. (BHN)

• Promises Behavioral Health

• Pyramid Healthcare Inc

• Haven Corporate

• Universal Health Services, Inc. (UHS)

• Aware Recovery Care

• CareTech Holdings Plc

• American Addiction Centers