Global Behavioral/Mental health software Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Behavioral/Mental health software Market Overview:
“The global Behavioral/Mental health software market size is expected to be worth around US$ 234.5 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 5.19% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global behavioral/mental health software market report has been segmented on the basis of component, delivery model, function, end user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Behavioral/mental health software is designed to manage clinical, administrative, and operational tasks associated with practices of clinics and hospitals. In addition, it also can be used for handling case management or outcome management. Availability of various types of behavioral health soft wares in the market that helps with the functionality of clinics is making users more inclined towards its usage.
Growing adoption of behavioral health practices, coupled with electronic health records i.e. EHRs major factor driving growth of the global behavioral/mental health software market. It provides efficient practice management in less cost. Growing demand for mental services is another factor fueling growth of the global market. This software also helps to maintain patients records and helps with communication providing facilities such as video calling.
Furthermore, increasing government funding and reforms in behavioral health organization are factors expected to boost growth of the global behavioral/mental health software market in the near future.
However, increasing concerns regarding data security is a factor that could hamper growth of the global behavioral/mental health software market. Nevertheless, growing use of behavioral health software in developing counties can create high revenue opportunities for players in the target market.
On the basis of component, support services segment expected to dominate the global market in terms of revenue over the forecast period. Increasing demand for support services and their maintenance and upgradation are factors expected to support growth of this segment in the global market.
Market in North America accounts for major share in terms of revenue and is expected to maintain its position over the forecast period. Presence of key players and government funding for behavioral health are factors propelling growth of the target market in this region. Europe market expected to account for second-highest share in terms of revenue in the near future, followed by Asia Pacific, Latin America, and Middle East and Africa.
Market in Asia Pacific is anticipated to witness high growth over the forecast period, owing to growing generic population in this region especially countries like Japan and China. In addition, increasing adoption of telehealth care services is another factor expected to boost growth of the target market in this region.
Global Behavioral/Mental health software Market Segmentation:
Segmentation by component:
- Support Services
- Standalone Software
- Integrated Software
Segmentation by delivery model:
Segmentation by function:
- Business Intelligence (BI)
- Workforce Management
- Patient/Client Scheduling
- Case Management
- Document Management
- Electronic Health Records (EHRs)
- Care Plans/Health Management
- Clinical Decision Support (CDS)
- Managed Care
- Revenue Cycle Management
- General Ledger
Segmentation by end user:
- Community Clinics
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Advanced Data Systems Corporation
- AdvancedMD, Inc.
- Cerner Corporation
- CompuLink Inc.
- Core Solutions, Inc.
- Credible Behavioral Health, Inc.
- ICANotes, LLC
- Insync Healthcare Solutions LLC
- iSALUS, LLC
- Kareo, Inc.
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