Treatment Center Revenues Grow Through The Pandemic
Tampa WEBWIRE Tuesday, September 6, 2022
Demand for autism treatment programs is huge and growing.”
September 6, 2022: Marketdata LLC, a respected independent general market trends publisher since 1979, has released a fresh study, a 106-page report entitled: The U.S. Autism CENTERS Market (3rd Edition) . The analysis traces the marketplace from 2009-2025 Forecast, examining ABA programs and medications used to take care of children with autism.
In accordance with Research Director, John LaRosa: The marketplace is much bigger than we originally estimated. Demand far outstrips the way to obtain ABA therapists in the U.S., and new centers are increasingly being opened aggressively by the large for-profit chains.
Market Value The U.S. autism treatment market was estimated to be valued at $4.1 billion by 2021, growing by 11% This followed hook contraction on the market in 2020, because of the pandemic and declining sales of medications used to take care of autism. Marketdata forecasts higher revenue growth for the for-profit chains to 2025 7.0% annually. The non-profit schools and centers are slated to cultivate by 5.4% each year.
A groundbreaking new analysis of non-profit programs, predicated on IRS 990 tax forms, finds that group saw revenues rise by 6.8% in 2019 and grow another 1.3% in 2020. Revenues were around $2.73 billion in 2021.They quickly shifted to more virtual visits and the effect on operations was moderate.
ABA (applied behavioral analysis) programs are estimated to possess generated $3.65 billion in revenues in 2021, and prescription medications for autism symptoms posted sales of $459 million.
Competition Thirteen large multi-site ABA program providers operate around 926 brick & mortar centers and so are aggressively acquiring competing centers and building new ones. Together, they take into account at the very least $946 million in revenuesa 26% market share of most ABA programs. At the very least 1,656 non-profit and for-profit centers are operating in the U.S. today.
Patient Demographics. Predicated on new government data that finds that 1 in 44 children in the usa, aged 3-17, have autism spectrum disorder (ASD), Marketdata analysts estimate there are 1.4 million children with autism. Another 5.4 adults have autism, having aged out of childrens programs. 81% of autistic children are male.
You can find basically three forms of ABA program providers: brick & mortar centers, community providers, and In-home therapists. There exists a shortage of ABA therapists only 30,000 are certified. The per capita way to obtain certified ABA facilities falls below the benchmark in 49 states — thus, plenty of untapped demand
Program MetricsThe common ABA center grosses about $951,000/year. Most are non-profit organizations. Marketdata estimates that the common cost of treatment within an ABA program ranges from $4,428 to $9,002 each year, per student. It could be higher.
Insurance plan has increased from 36% in 2016 to 64% today. Furthermore, the amount of self-funded private employers covering autism treatment is growing.
Private equity investors have already been very active in the forex market, backing eight major for-profit chains. Changes to U.S. federal and state laws now compel insurance firms to reimburse autism treatments, making the field appealing to investors. A complete of 60 private equity firms, including Blackstone and KKR, have invested billions in to the ABA/autism treatment industry
Medications Approximately 58 percent of patients with an analysis of childhood autism spectrum disorder receive some form of pharmaceutical treatment. However, this segment of the marketplace has been shrinking in value as concerns continue over unwanted effects of drugs such as for example Risperdal. These drugs also face competition from cheaper generics, as patents have expired.
”That is a classic growth market/industry. The mix of demand outpacing way to obtain programs and centers, more favorable insurance reimbursement, private equity investment, and the rising incidence of autism among children all points to sustained growth on the next five years. Even the pandemic didnt halt growth., in accordance with John LaRosa.
CONCERNING THE Report
The U.S. Autism CENTERS Market, published in September, 2022, can be an independent off-the-shelf general market trends study. The analysis is 106 pages long, with 14 in-depth competitor profiles. It costs $1,395.. A 19-page Overview Summary report costs $99. An in depth Table of Contents can be acquired by email and on our website. Contact: Marketdata LLC, 7210 Wareham Drive, Tampa, FL 33647, (813) 971-8080. John LaRosa can be acquired for interviews and presentations.
About Marketdata LLC
Marketdata can be an independent general market trends report publisher and consulting firm, founded in 1979. It focuses on commercial and personal service and healthcare sectors, and emerging niche markets. Its reports can be purchased internationally, direct and via several general market trends databases such as for example MarketResearch.com, ResearchandMarkets.com, and Global Information. Custom studies, telephone consults, and consulting can be found. Set of all studies at: MarketdataEnterprises.com.
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- Contact Information
- John S. LaRosa
- Research Director
- Marketdata LLC
- (1) 8139718080
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