Navigation Links
Mental Health & Substance Abuse Clinics in Canada Industry Market Research Report Now Available from IBISWorld
Date:9/27/2013

Los Angeles, CA (PRWEB) September 27, 2013

The Mental Health and Substance Abuse Clinics industry provide a variety of outpatient care services for patients struggling with depression, schizophrenia, bipolar disorder, alcoholism and other drug related issues. In addition, industry clinics treat a variety of illnesses commonly affecting the elderly, such as dementia and Alzheimer's disease. Despite the unfavourable recessionary conditions and a slowdown in government funding, the industry is poised to grow at an annualized rate of 0.7% to $1.4 billion, in the five years to 2013. In 2013 alone, industry revenue is expected to increase 3.9%.

According to IBISWorld Industry Analyst Sean Windle, “A variety of social and demographic factors have combined to fuel revenue growth, including an increase in Canada's aging population.” Over the past five years, the population has grown at an annualized rate of 1.2% to 35.3 million people, and the median age has risen from 39 to 40. With Canada's Mental Health Association estimating that one in five Canadians will experience a mental health illness during their lifetime, the growing population will increase demand for industry services. Additionally, Canada's growing elderly population will strengthen demand for industry services related to the treatment of dementia and Alzheimer's disease. Despite these favourable demand factors, industry revenue growth has been stifled by sluggish growth in government funding. In spite of rising demand, budgets for many mental health and substance abuse clinics are being slashed. Consequently, a number of facilities closed during the past five years, with many non-essential employees being let go or reduced to part-time work.

Fortunately for the industry, Windle says “the next five years will be much more effective, as social and demographic factors will continue to spur demand for mental health and substance abuse treatment.” Moreover, government funding will also finally pick up over the next five years. These factors will allow industry operators to expand services and rehire some of the workers laid off during the past five years. Market share concentration within the Mental Health and Substance Abuse Clinics industry in Canada is low. There are hundreds of small to mid-sized businesses that operate within the industry.

For more information, visit IBISWorld’s Mental Health & Substance Abuse Clinics in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry provides outpatient services related to the diagnosis and treatment of mental health disorders, in addition to alcohol and other substance abuse. Moreover, these establishments may provide counselling staff and information regarding a wide range of mental health and substance abuse issues.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11169299.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Experimental Chemo Combo for Colon Cancer Disappoints
2. Mental Illness Tied to Higher Rates of Physical Problems: Report
3. Researchers ID Genes That May Determine Mental Illness
4. First contact: Early intervention key in diagnosis and treatment of serious mental illness
5. Media Multitasking Might Have Mental Upside
6. Experimental Pill for Multiple Sclerosis Shows Promise
7. Experimental Gel May Help Those With Advanced Parkinsons
8. Talking to Yourself Could Have Mental Benefits
9. Experimental Drug Eases Autistic Behaviors in Mice
10. Understanding and promoting mental health - Insights from psychological science
11. Developmental Woes Common in Siblings of Children With Autism
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... 25, 2016 , ... Experts from the American Institutes for ... Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR ... care planning, healthcare costs and patient and family engagement. , AIR researchers will ...
(Date:6/25/2016)... CA (PRWEB) , ... June 25, 2016 , ... As ... with Magna Cum Laude and his M.D from the David Geffen School of Medicine ... and returned to Los Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive ...
(Date:6/24/2016)... ... ... Those who have experienced traumatic events may suffer from a complex set ... drug or alcohol abuse, as a coping mechanism. To avoid this pain and suffering, ... traumatic event. , Trauma sufferers tend to feel a range of emotions, from depression, ...
(Date:6/24/2016)... ... June 24, 2016 , ... Dr. Amanda Cheng, an ... Cheng has extensive experience with all areas of orthodontics, including robotic Suresmile technology, ... , Micro-osteoperforation is a revolutionary adjunct to orthodontic treatment. It can be ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty Network, affiliated ... Weintraub as a prominent plastic surgeon and the network’s newest partner. , ... most handsome men, look naturally attractive. Plastic surgery should be invisible.” He stands ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... Ontario , June 27, 2016  VMS Rehab ... Company,s Board will take whatever measures required to build ... Company,s stock which is currently listed on the OTC ... Wexler, Company Chairman and CEO, "We are seeing an ... difficult to understand, not only by the Company, but ...
(Date:6/24/2016)... CHAPEL HILL, N.C. , June 24, 2016 ... in healthcare decisions and regulators/payers have placed more ... this new environment, patient support programs in the ... support for patients, medications. Consequently, pharmaceutical companies are ... to ensure they are providing products and services ...
(Date:6/24/2016)... SAN FRANCISCO, Calif. , June 24, 2016 ... GBT ), a biopharmaceutical company developing novel therapeutics ... significant unmet needs, today announced the closing of ... shares of common stock, at the public offering ... shares in the offering were offered by GBT. ...
Breaking Medicine Technology: