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2024 U.S. Industry Statistics & Market Forecast - Residential Mental Health and Substance Abuse Facilities
Market Size & Industry Statistics
The total U.S. industry market size for Residential Mental Health and Substance Abuse Facilities:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Residential Mental Health & Substance Abuse Facilities industry is currently undergoing significant changes due to several key trends. One of the main trends in the industry is an increasing demand for mental health and substance abuse services due to a rise in mental health issues and substance abuse disorders across the country.Another trend is an increase in the number of facilities that provide both mental health and substance abuse services. These facilities are often designed to treat individuals with co-occurring disorders, which makes them highly valuable to patients who are struggling with mental health and substance abuse issues simultaneously.
Another significant trend is the expansion of telehealth services for mental health and substance abuse treatment. With the ongoing COVID-19 pandemic, many patients are reluctant to attend in-person treatment sessions. Telehealth allows patients to receive the necessary treatments from the comfort of their own homes and has the added benefit of being more cost-effective.
Finally, there is an increasing focus on evidence-based practices, which are proven to provide effective treatments for mental health and substance abuse patients. These practices include cognitive behavioral therapy, motivational interviewing, and medication-assisted treatment.
Overall, the Residential Mental Health & Substance Abuse Facilities industry is undergoing significant changes due to these trends, and providers must adapt quickly to remain competitive in this rapidly changing environment.
Product & Services Breakdown
Research products and services in the Residential Mental Health and Substance Abuse Facilities industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Daily Assisted Living Services - Mental Rehabilitation Services For The Intellectually And Developmentally Disabled Or The Menta |
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Daily Assisted Living Services - With Counseling Services |
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Daily Assisted Living Services - With Counseling Services - Children |
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Daily Assisted Living Services - With Counseling Services - Adults |
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Outpatient Rehabilitation Services For Substance Abuse |
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Daily Assisted Living Services - Detoxification And Substance Abuse Therapy |
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Daily Assisted Living Services - Detoxification And Substance Abuse Therapy - Children |
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Daily Assisted Living Services - Detoxification And Substance Abuse Therapy - Adults |
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All Other Receipts |
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All Other Operating Receipts |
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Contributions, Gifts, And Grants - Government |
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Contributions, Gifts, And Grants - Private |
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All Other Revenue |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Residential Mental Health and Substance Abuse Facilities company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Residential Mental Health and Substance Abuse Facilities industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Residential Mental Health and Substance Abuse Facilities measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Community and Social Service Occupations | 34% | |||
| Counselors, Social Workers, and Other Community and Social Service Specialists | 34% | |||
| Counselors | 17% | |||
| Substance Abuse, Behavioral Disorder, and Mental Health Counselors | 14% | |||
| Social Workers | 7% | |||
| Miscellaneous Community and Social Service Specialists | 10% | |||
| Social and Human Service Assistants | 9% | |||
| Healthcare Practitioners and Technical Occupations | 13% | |||
| Healthcare Diagnosing or Treating Practitioners | 6% | |||
| Health Technologists and Technicians | 7% | |||
| Healthcare Support Occupations | 19% | |||
| Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides | 18% | |||
| Home Health and Personal Care Aides | 16% | |||
| Personal Care and Service Occupations | 7% | |||
| Other Personal Care and Service Workers | 6% | |||
| Office and Administrative Support Occupations | 8% | |||
Residential Mental Health and Substance Abuse Facilities Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Residential Mental Health and Substance Abuse Facilities industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Residential Mental Health and Substance Abuse Facilities industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Residential Mental Health and Substance Abuse Facilities industry. |
Source:
Innovation News
- Sep 08, 2023: Second Nature Therapeutic Program trademarks "EMBRACE CHANGE" - Providing emotional counseling and emotional support services for troubled and at-risk youth and their families
- Sep 08, 2023: Second Nature Therapeutic Program trademarks "BRINGING FAMILIES HOME" - Providing emotional counseling and emotional support services for troubled and at-risk youth and their families
- Jul 01, 2023: Polaris Teen Center trademarks "POLARIS" - Providing personal support services for patients and families of patients
- Sep 28, 2018: Arizona Rehab Campus raises $4 million in funding.
- Sep 28, 2018: Arizona Rehab Campus raises $4 million in funding.
Recent Federal Contracts for Residential Mental Health and Substance Abuse Facilities- Apr 01, 2024: HEADING HOME (Albuquerque, NM) awarded $82,350
- Apr 01, 2024: LIAHONA ACADEMY FOR YOUTH, LLC (Hurricane, UT) awarded $104,463
- Mar 31, 2024: DAILY PLANET INC (Richmond, VA) awarded $210,000
- Mar 29, 2024: NEW DIRECTIONS, INC. (Los Angeles, CA) awarded $398,103
- Mar 28, 2024: HOUSE INC (Webb City, MO) awarded $569,779
- Mar 28, 2024: NEXT STEP DAY ROOM INC (Fort Smith, AR) awarded $145,774
- Apr 01, 2024: HEADING HOME (Albuquerque, NM) awarded $82,350
- Apr 01, 2024: LIAHONA ACADEMY FOR YOUTH, LLC (Hurricane, UT) awarded $104,463
- Mar 31, 2024: DAILY PLANET INC (Richmond, VA) awarded $210,000
- Mar 29, 2024: NEW DIRECTIONS, INC. (Los Angeles, CA) awarded $398,103
- Mar 28, 2024: HOUSE INC (Webb City, MO) awarded $569,779
- Mar 28, 2024: NEXT STEP DAY ROOM INC (Fort Smith, AR) awarded $145,774
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