Dublin, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The "Psychiatric and Substance Abuse Hospitals: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Psychiatric and Substance Abuse Hospitals Market to Reach $36.1 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Psychiatric and Substance Abuse Hospitals estimated at US$27.1 Billion in the year 2020, is projected to reach a revised size of US$36.1 Billion by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027.
Alcoholism Rehabilitation Hospitals, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$11.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Drug Addiction Rehabilitation Hospitals segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.8 Billion, While China is Forecast to Grow at 6.9% CAGR
The Psychiatric and Substance Abuse Hospitals market in the U.S. is estimated at US$7.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.9 Billion by the year 2027.
Psychiatric And Mental Health Hospitals Segment to Record 3.9% CAGR
In the global Psychiatric And Mental Health Hospitals segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment.
These regional markets accounting for a combined market size of US$9.2 Billion in the year 2020 will reach a projected size of US$11.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.2% CAGR through the analysis period.
Key Metrics
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $27.1 Billion |
| Forecasted Market Value (USD) by 2027 | $36.1 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Psychiatric and Substance Abuse Hospitals - Global Key Competitors Percentage Market Share in 2020 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
FOCUS ON SELECT PLAYERS (Total 46 Featured)
- HCA Healthcare
- NSW Health
- Queensland Health
- Tenet Healthcare Corporation
- Universal Health Services Inc.
For more information about this report visit https://www.researchandmarkets.com/r/t1mikv-and?w=12
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