PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182153
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182153
Global Behavioral/Mental Health Software Market Size study & Forecast, by Component, by Delivery Model, by Functionality, by End User and Regional Analysis, 2022-2029
Global Behavioral/Mental Health Software Market is valued approximately at USD 2.0 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.7% over the forecast period 2022-2029. Behavioral and mental health software is a form of electronic medical records software that is specially designed to meet the requirements of the behavioral health specialties. It helps in managing clinical, administrative, and operational tasks related to the practices of hospitals and clinics. This software is used for handling case management or outcome management and also supports completing appointments, billing, and bed management, which helps in the smooth functioning . The market growth is primarily driven by the increasing government funding, rapid penetration of behavioral health software, expanding reimbursement coverage and favorable behavioral health reforms.
The demand for mental health services is on a surge due to the increasing incidences of mental health conditions among the population. According to the World Health Organization (WHO), it was estimated that 1 in every 8 people worldwide lives with a mental disorder that includes significant disturbances in thinking, behavior, or emotional regulation. Depression is recorded as the most prevalent mental disorder and one of the leading causes of disability that affected nearly 264 million people globally. There are various initiatives undertaken to aid this ailment and encourage the adoption of EHR in behavioral health organizations. For instance, in 2019 the World Health Organization (WHO) unveils the launch of its Special Initiative for Mental Health (2019-2023): Universal Health Coverage for Mental Health in order to ensure access to cost-effective and quality care for mental health conditions in 12 priority countries to above 100 million people. Hence, these factors are directly associated with the demand for behavioral or mental health software, which, in turn, accelerates market growth across the globe. Furthermore, the rising inclination towards the adoption of subscription models, as well as emerging technologies in behavioral or mental health care and management are presenting various lucrative opportunities for market growth in the foreseen period. However, several concerns are associated with data privacy, the dearth of HCIT professionals and the usage of traditional paper-based systems which are hampering the market growth throughout the forecast period 2022-2029.
The key regions considered for the Global Behavioral/Mental Health Software Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominates the market with highest revenue, owing to the growing need for behavioral health services among the population, increasing funding by government bodies for healthcare infrastructural development, and rising initiatives to promote HCIT penetration in behavioral healthcare. The Mental Health America report 2020 stated that there were above 45 million (18.57% of the population) American adults suffering from a mental health condition. Also, Major depressive episodes (MDE) among youth increased by 99,000 from the prior year's data. Therefore, the presence of a high target population is fueling the demand for behavioral or mental health software in the region. Whereas, the Asia Pacific is expected to grow at the fastest rate over the forecast period. Factors such as rising awareness pertaining to the availability of behavioral health services, cohesive behavioral health reforms, as well as growing prevalence of mental health disorders are attributing to the market growth over the forecast years.
Major market players included in this report are:
AdvancedMD
Advanced Data Systems Corporation
CureMD Healthcare
Netsmart Technologies, Inc.
Credible Behavioral Health
Teladoc Health Inc.
Qualifacts Systems, Inc.
TherapyNotes, LLC.
Ontrak Inc
Nextgen Healthcare, Inc.
Recent Developments in the Market:
- In March 2022, NextGen Healthcare, Inc.- a provider of cloud-based healthcare technology solutions announced the launch of the company's NextGen Behavioral Health Suite a novel solution for behavioral health and human services. This suite supports the integration of wide-ranging behavioral health, human services, physical, and oral health in one software solution.
- In February 2021, Netsmart publicized that the company acquired GPM- a North Carolina-based Software-as-a-Service technology & services company, with the objective of supporting Netsmart's CareFabric platform to provide interoperable data sharing among Long-term/Post-acute care (LTPAC) medical practices, which delivers medical care to geriatric patients. This acquisition helps Netsmart to augment its provider digitization and mobile workflows.
- In August 2021, American Well declared that the company successfully completed its acquisition of SilverCloud Health and Conversa Health, a provider of digital mental health platforms. The aim of this strategic acquisition is to strengthen and improves the interconnection between virtual and physical care, which further supports the company in expanding its market position.
Global Behavioral/Mental Health Software Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Delivery Model, Functionality, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Support Services
Software
By Delivery Model:
Subscription Models
Ownership Models
By Functionality:
Clinical Functionality
Administrative Functionality
Financial Functionality
By End User:
Community Clinics
Hospitals
Private Practices
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Behavioral/Mental Health Software Market, by region, 2019-2029 (USD Billion)
- 1.2.2. Behavioral/Mental Health Software Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. Behavioral/Mental Health Software Market, by Delivery Model, 2019-2029 (USD Billion)
- 1.2.4. Behavioral/Mental Health Software Market, by Functionality, 2019-2029 (USD Billion)
- 1.2.5. Behavioral/Mental Health Software Market, by End User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Behavioral/Mental Health Software Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Behavioral/Mental Health Software Market Dynamics
- 3.1. Behavioral/Mental Health Software Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising government funding
- 3.1.1.2. Increasing incidences of mental health conditions
- 3.1.2. Market Challenges
- 3.1.2.1. Several concerns are associated with data privacy
- 3.1.2.2. Dearth of HCIT professionals
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising inclination towards the adoption of subscription models
- 3.1.3.2. Emerging technologies in behavioural or mental health care and management
- 3.1.1. Market Drivers
Chapter 4. Global Behavioural/Mental Health Software Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Behavioral/Mental Health Software Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Behavioral/Mental Health Software Market by Component, Performance - Potential Analysis
- 6.3. Global Behavioral/Mental Health Software Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 6.4. Behavioral/Mental Health Software Market, Sub Segment Analysis
- 6.4.1. Support Services
- 6.4.2. Software
Chapter 7. Global Behavioral/Mental Health Software Market, by Delivery Model
- 7.1. Market Snapshot
- 7.2. Global Behavioral/Mental Health Software Market by Delivery Model, Performance - Potential Analysis
- 7.3. Global Behavioral/Mental Health Software Market Estimates & Forecasts by Delivery Model 2019-2029 (USD Billion)
- 7.4. Behavioral/Mental Health Software Market, Sub Segment Analysis
- 7.4.1. Subscription Models
- 7.4.2. Ownership Models
Chapter 8. Global Behavioral/Mental Health Software Market, by Functionality
- 8.1. Market Snapshot
- 8.2. Global Behavioral/Mental Health Software Market by Functionality, Performance - Potential Analysis
- 8.3. Global Behavioral/Mental Health Software Market Estimates & Forecasts by Functionality 2019-2029 (USD Billion)
- 8.4. Behavioral/Mental Health Software Market, Sub Segment Analysis
- 8.4.1. Clinical Functionality
- 8.4.2. Administrative Functionality
- 8.4.3. Financial Functionality
Chapter 9. Global Behavioral/Mental Health Software Market, by End User
- 9.1. Market Snapshot
- 9.2. Global Behavioral/Mental Health Software Market by End User, Performance - Potential Analysis
- 9.3. Global Behavioral/Mental Health Software Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 9.4. Behavioral/Mental Health Software Market, Sub Segment Analysis
- 9.4.1. Community Clinics
- 9.4.2. Hospitals
- 9.4.3. Private Practices
Chapter 10. Global Behavioral/Mental Health Software Market, Regional Analysis
- 10.1. Behavioral/Mental Health Software Market, Regional Market Snapshot
- 10.2. North America Behavioral/Mental Health Software Market
- 10.2.1. U.S. Behavioral/Mental Health Software Market
- 10.2.1.1. Component breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Delivery Model breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Functionality breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End User breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Behavioral/Mental Health Software Market
- 10.2.1. U.S. Behavioral/Mental Health Software Market
- 10.3. Europe Behavioral/Mental Health Software Market Snapshot
- 10.3.1. U.K. Behavioral/Mental Health Software Market
- 10.3.2. Germany Behavioral/Mental Health Software Market
- 10.3.3. France Behavioral/Mental Health Software Market
- 10.3.4. Spain Behavioral/Mental Health Software Market
- 10.3.5. Italy Behavioral/Mental Health Software Market
- 10.3.6. Rest of Europe Behavioral/Mental Health Software Market
- 10.4. Asia-Pacific Behavioral/Mental Health Software Market Snapshot
- 10.4.1. China Behavioral/Mental Health Software Market
- 10.4.2. India Behavioral/Mental Health Software Market
- 10.4.3. Japan Behavioral/Mental Health Software Market
- 10.4.4. Australia Behavioral/Mental Health Software Market
- 10.4.5. South Korea Behavioral/Mental Health Software Market
- 10.4.6. Rest of Asia Pacific Behavioral/Mental Health Software Market
- 10.5. Latin America Behavioral/Mental Health Software Market Snapshot
- 10.5.1. Brazil Behavioral/Mental Health Software Market
- 10.5.2. Mexico Behavioral/Mental Health Software Market
- 10.5.3. Rest of Latin America Behavioral/Mental Health Software Market
- 10.6. Rest of The World Behavioral/Mental Health Software Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. AdvancedMD
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Advanced Data Systems Corporation
- 11.2.3. CureMD Healthcare
- 11.2.4. Netsmart Technologies, Inc.
- 11.2.5. Credible Behavioral Health
- 11.2.6. Teladoc Health Inc.
- 11.2.7. Qualifacts Systems, Inc.
- 11.2.8. TherapyNotes, LLC.
- 11.2.9. Ontrak Inc
- 11.2.10. Nextgen Healthcare
- 11.2.1. AdvancedMD
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Behavioral/Mental Health Software Market, report scope
- TABLE 2. Global Behavioral/Mental Health Software Market estimates & forecasts by region 2019-2029 (USD Billion)
- TABLE 3. Global Behavioral/Mental Health Software Market estimates & forecasts by Component 2019-2029 (USD Billion)
- TABLE 4. Global Behavioral/Mental Health Software Market estimates & forecasts by Delivery Model 2019-2029 (USD Billion)
- TABLE 5. Global Behavioral/Mental Health Software Market estimates & forecasts by Functionality 2019-2029 (USD Billion)
- TABLE 6. Global Behavioral/Mental Health Software Market estimates & forecasts by End User 2019-2029 (USD Billion)
- TABLE 7. Global Behavioral/Mental Health Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Behavioral/Mental Health Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Behavioral/Mental Health Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Behavioral/Mental Health Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Behavioral/Mental Health Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Behavioral/Mental Health Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Behavioral/Mental Health Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Behavioral/Mental Health Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Behavioral/Mental Health Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. Global Behavioral/Mental Health Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 18. U.S. Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. U.S. Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 20. Canada Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 21. Canada Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. Canada Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 23. UK Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 24. UK Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. UK Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 26. Germany Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 27. Germany Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. Germany Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 29. France Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 30. France Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. France Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 32. Italy Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 33. Italy Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Italy Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 35. Spain Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 36. Spain Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. Spain Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 38. RoE Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 39. RoE Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. RoE Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 41. China Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 42. China Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. China Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 44. India Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 45. India Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. India Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 47. Japan Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 48. Japan Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. Japan Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 50. South Korea Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 51. South Korea Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. South Korea Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 53. Australia Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 54. Australia Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. Australia Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. RoAPAC Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 59. Brazil Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 60. Brazil Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Brazil Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 62. Mexico Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 63. Mexico Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. Mexico Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 65. RoLA Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 66. RoLA Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. RoLA Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 68. Row Behavioral/Mental Health Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 69. Row Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. Row Behavioral/Mental Health Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 71. List of secondary sources, used in the study of global Behavioral/Mental Health Software Market
- TABLE 72. List of primary sources, used in the study of global Behavioral/Mental Health Software Market
- TABLE 73. Years considered for the study
- TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Behavioral/Mental Health Software Market, research methodology
- FIG 2. Global Behavioral/Mental Health Software Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Behavioral/Mental Health Software Market, key trends 2021
- FIG 5. Global Behavioral/Mental Health Software Market, growth prospects 2022-2029
- FIG 6. Global Behavioral/Mental Health Software Market, porters 5 force model
- FIG 7. Global Behavioral/Mental Health Software Market, pest analysis
- FIG 8. Global Behavioral/Mental Health Software Market, value chain analysis
- FIG 9. Global Behavioral/Mental Health Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Behavioral/Mental Health Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Behavioral/Mental Health Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Behavioral/Mental Health Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Behavioral/Mental Health Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Behavioral/Mental Health Software Market, regional snapshot 2019 & 2029
- FIG 15. North America Behavioral/Mental Health Software Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Behavioral/Mental Health Software Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Behavioral/Mental Health Software Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Behavioral/Mental Health Software Market 2019 & 2029 (USD Billion)
- FIG 19. Global Behavioral/Mental Health Software Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
