Industry Analysis & Industry Trends
The rising awareness and acceptance of mental health and substance abuse illnesses has contributed to steady revenue growth. Over the next five years, demand for mental health and substance abuse treatment is forecast to increase in line with population growth and improvement in the social stigma surrounding mental health. The growing population of aging baby boomers, who are more prone to develop mental illnesses as they age, will further spur industry demand... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry in the Mental Health and Substance Abuse Centres industry are relatively high, largely because of government regulation, increasing competition and the need for skilled workers. In addition, the importance of the services provided (i.e. often a person's well-being is at risk) eliminate a large number of potential entrants that may not feel comfortable with having a high level of responsibility placed on their operations.
Industry services require a vast knowledge of a wide array of disorders and their physical and psychological effects. Operators must be able to recruit skilled workers; some of these workers must be certified physicians to provide necessary prescriptions... purchase to read more