Behavioral/Mental Health Software Market

Behavioral/Mental Health Software Market

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Raksha

Author:

Raksha Sharma

Amulya

Fact-checked by:

Amulya Agarwal

Shruti

Editor:

Shruti Bhat

Behavioral/Mental Health Software Market Outlook

The Behavioral/Mental Health Software Market size was USD 5.28 Billion in 2022 and is likely to reach USD 22.20 Billion by 2031, expanding at a CAGR of 17.3% during 2023–2031. Behavioral health software is used to track and monitor the behavioral data of patients besides offering features to be used for billing and appointments.

The software is designed to handle clinical, organizational, and operational undertakings related to the practices of hospitals. Moreover, it is used for case outcome management. The availability of diverse varieties of mental health software in the market is a key factor that attracts several end-users.

Behavioral Mental Health Software Market Outlook

Behavioral/Mental Health Software Market Trends, Drivers, Restraints, and Opportunities

  • Rising adoption of mental health software, increasing government funding to encourage EHR adoption in mental health institutes, and positive mental health amendments in several countries are the main driving factors for the growth of the market.
  • Growing prevalence of stress conditions and upgraded health reforms across several countries are projected to fuel the market expansion during the forecast period.
  • Emerging developments of advanced software to propel the market growth during the forecast period as new software facilitates ease of operational management, administrative functionality, and financial management.
  • Surmounting financial constraints for the development of healthcare organizations, particularly in emerging economies is the foremost challenge that can hamper the market growth.

Scope of the Behavioral/Mental Health Software Market Report

The report on the global behavioral/mental health software market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Behavioral/Mental Health Software Market – Global Industry Analysis, Growth, Share, Size, Trends, And Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Components (Service and Software), Delivery Modes (Subscription and Ownership), Functions (Clinical, Administrative, and Financial), End-users (Clinics, Hospitals, Private Practices, and Patients)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Academic Computer Systems, Inc, AdvancedMD, BestNotes, Cerner Corporation, Compulink Healthcare Solutions, Core Solutions, Inc, Credible Behavioral Health Software, Kareo, Inc, Valant Inc., and Welligent

Behavioral/Mental Health Software Market Segment Insights

Functions  Segment Analysis

On the basis of functions, the global mental health software market can be segmented into clinical, administrative, and financial.

Consumer preference for the clinical function segment is due to the wide adoption of electronic health record (EHR) sideman the increasing prevalence of mental diseases like Parkinson’s, mainly in developed nations. The clinical functions assist the medical staff and the patients to manage behavioral/mental health by enhancing practice management.

Behavioral/Mental Health Software Market Functions

End-Users Segment Analysis

In terms of end users, the global mental health software market can be divided into clinics, hospitals, private practices, and patients. The hospitals segment is anticipated to witness a substantial growth rate due to increased preference for treatment of mental health patients in hospitals.

Adoption of mental health software is thereby anticipated to grow rapidly as hospitals require managing loads of data for better treatment of patient and efficient operational management.

Behavioral/Mental Health Software Market End-Users

Regional Analysis

Based on regions, the global mental health software market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to account for a key share in terms of revenue and is anticipated to retain its position during the forecast period.

Increasing affliction of depression and anxiety owing to work-life imbalance among a large number of the population is pushing to increase the adoption rate of behavioral/mental health software in the region.

Behavioral/Mental Health Software Market  Region

Segments

The global behavioral/mental health software market can be divided based on components, delivery modes, functions, end users, and regions.

Components

  • Service
  • Software

Delivery Modes

  • Subscription
  • Ownership

Functions

  • Clinical
  • Administrative
  • Financial

End Users

  • Clinics
  • Hospitals
  • Private Practices
  • Patients

Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key Players

  • Academic Computer Systems Inc.
  • AdvancedMD
  • BestNotes
  • Cerner Corporation
  • Compulink Healthcare Solutions
  • Core Solutions Inc.
  • Credible Behavioral Health Software
  • Kareo Inc.
  • Valant Inc.
  • Welligent

Competitive Landscape

Major players in the global behavioral/mental health software market include Academic Computer Systems, Inc, AdvancedMD, BestNotes, Cerner Corporation, Compulink Healthcare Solutions, Core Solutions, Inc, Credible Behavioral Health Software, Kareo, Inc, Valant Inc., and Welligent.

Many companies have adopted research and development as a market strategy tool to withstand the competition. The strategy is widely adopted to provide better quality and new features of the medical devices to treat patient effectively.

Behavioral/Mental Health Software Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Behavioral/Mental Health Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Behavioral/Mental Health Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Behavioral/Mental Health Software Market - Supply Chain
  4.5. Global Behavioral/Mental Health Software Market Forecast
     4.5.1. Behavioral/Mental Health Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Behavioral/Mental Health Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Behavioral/Mental Health Software Market Absolute $ Opportunity
5. Global Behavioral/Mental Health Software Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Behavioral/Mental Health Software Market Size and Volume Forecast by End Users
     5.3.1. Clinics
     5.3.2. Hospitals
     5.3.3. Private Practices
     5.3.4. Patients
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Behavioral/Mental Health Software Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Behavioral/Mental Health Software Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Behavioral/Mental Health Software Demand Share Forecast, 2019-2026
7. North America Behavioral/Mental Health Software Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Behavioral/Mental Health Software Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Behavioral/Mental Health Software Market Size and Volume Forecast by End Users
     7.4.1. Clinics
     7.4.2. Hospitals
     7.4.3. Private Practices
     7.4.4. Patients
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Behavioral/Mental Health Software Demand Share Forecast, 2019-2026
8. Latin America Behavioral/Mental Health Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Behavioral/Mental Health Software Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Behavioral/Mental Health Software Market Size and Volume Forecast by End Users
     8.4.1. Clinics
     8.4.2. Hospitals
     8.4.3. Private Practices
     8.4.4. Patients
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Behavioral/Mental Health Software Demand Share Forecast, 2019-2026
9. Europe Behavioral/Mental Health Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Behavioral/Mental Health Software Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Behavioral/Mental Health Software Market Size and Volume Forecast by End Users
     9.4.1. Clinics
     9.4.2. Hospitals
     9.4.3. Private Practices
     9.4.4. Patients
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Behavioral/Mental Health Software Demand Share Forecast, 2019-2026
10. Asia Pacific Behavioral/Mental Health Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Behavioral/Mental Health Software Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Behavioral/Mental Health Software Market Size and Volume Forecast by End Users
     10.4.1. Clinics
     10.4.2. Hospitals
     10.4.3. Private Practices
     10.4.4. Patients
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Behavioral/Mental Health Software Demand Share Forecast, 2019-2026
11. Middle East & Africa Behavioral/Mental Health Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Behavioral/Mental Health Software Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Behavioral/Mental Health Software Market Size and Volume Forecast by End Users
     11.4.1. Clinics
     11.4.2. Hospitals
     11.4.3. Private Practices
     11.4.4. Patients
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Behavioral/Mental Health Software Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Behavioral/Mental Health Software Market: Market Share Analysis
  12.2. Behavioral/Mental Health Software Distributors and Customers
  12.3. Behavioral/Mental Health Software Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Academic Computer Systems Inc.
     12.4.2. AdvancedMD
     12.4.3. BestNotes
     12.4.4. Cerner Corporation
     12.4.5. Compulink Healthcare Solutions
     12.4.6. Core Solutions Inc.
     12.4.7. Credible Behavioral Health Software
     12.4.8. Kareo

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