PUBLISHER: IMARC | PRODUCT CODE: 1370541
PUBLISHER: IMARC | PRODUCT CODE: 1370541
The global behavioral mental health care software market size reached US$ 3.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2023-2028.
Behavioral mental healthcare software (BMHS) refers to a sophisticated and advanced custom-built solution that enables psychiatrists to communicate and monitor patient behavior trends to gain insights and track their condition. It has the potential to gather laboratory, radiology, and pharmacy-related data observations for providing comprehensive reports that examine the requirements of an individual. BMHS software further helps acquire electronic health records (EHR), perform health management practices, make clinical decisions, e-prescribing, and perform various administrative tasks. Along with this, it offers clinical decision support, allows online appointment scheduling through telehealth platforms, and maintains confidentiality regarding patient information, especially in case of substantial drug abuse. As a result, BMHS is used by community clinics and hospitals to enhance service providers efficiency by reducing treatment costs, provide value-based medicine programs, and diagnose various mental illnesses. Currently, BMHS is available in the cloud- or software-based deployment models.
The increasing prevalence of various psychological disorders, including anxiety, stress, paranoia, and depression, especially during the COVID-19 pandemic, and the rising focus of medical professionals on offering quality care have supplemented the demand for BMHS across the globe. Such technologies help behavioral health organizations in reducing treatment errors and paperwork, providing instant patient data access to ensure productivity, improving workflow, and mitigating healthcare costs, which is primarily driving the market growth. In line with this, favorable initiatives undertaken by governments to encourage the adoption of EHR and cognitive behavior therapies (CBT) to deal with mental disorders are acting as another growth-inducing factor. Additionally, the advent of automated BMHS to improve operational efficiencies by managing clinical, administrative, and financial tasks is propelling the market growth. Apart from this, considerable expansion in the healthcare infrastructure and ongoing research and development (R&D) activities to engineer advanced BMHS solutions are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global behavioral mental health care software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on solution, function, disorder type, delivery model and end use.
Software
Integrated Software
Standalone Software
Services
Clinical Functionality
Electronic Health Records
Clinical Decision Support
Care Plans/Health Management
Other Clinical Functionalities
Administrative Functionality
Patient/Client Scheduling
Case Management
Other Administrative Functionalities
Financial Functionality
Revenue Cycle Management
Accounts Payable/General Ledge
Other Financial Functionalities
Anxiety
Post-Traumatic Stress Disorder (PSTD)
Substance Abuse
Schizophrenia
Bipolar Disorders
Others
Subscription Model
Ownership Model
Providers
Hospitals and Clinics
Community Centers
Payers
Patients
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accumedic Computer Systems Inc., Advanced Data Systems, AdvancedMD Inc. (Global Payments Inc.), Compulink Healthcare Solutions, InSync Healthcare Solutions, Meditab Software Inc., Netsmart Technologies Inc., Psyquel, Qualifacts Systems LLC, Therapy Brands, TherapyNotes LLC, Valant Medical Solutions Inc. and Welligent Inc.