Mental and Behavioral Health Software Market Size Estimated to Reach $ 4.7 Billion by 2026: Facts and Factors

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[215+ Pages Research Study] According to the market research report published by Facts and Factors, the demand analysis of the size and revenue share of the global mental health software market is expected to increase from USD 1.9 billion in 2020 to 4, USD 7 billion by 2026, at an annual CAGR of 18.8% in 2021-2026. Key market company profiles included in the report along with their sales, revenue and strategies are Advanced Data Systems, AdvancedMD, Cerner, Compulink, Core Solutions, Credible Behavioral Health, Meditab Software and others.

New York, NY, October 13, 2021 (GLOBE NEWSWIRE) – Facts and Factors has released a new research report titled Mental Health Software Market by Component (Software and Support Services), by Delivery Model (Ownership and Subscription), by Function (Clinical, Administrative and Financial), by End User (Providers, Payers, and Patients) and by Regions – Global and regional industry outlook, comprehensive analysis and forecast 2021-2026 “ in its research database

“According to the latest research study, the demand for Mental Health Software Market size and share is expected to reach USD 4.7 billion by 2026 from USD 1.9 billion in 2020, at a compound annual growth rate (CAGR) of 18.8% during the forecast period 2021 to 2026 “

Global Mental Health Software Market: Overview

Mental Health Software (MHS) is a branch of healthcare management software that enables psychologists, counselors and mental health specialists to understand the mental and behavioral patterns of their patients by integrating personalized solutions. These solutions are undertaken to address a wider range of issues such as stress, anxiety, and depression on a much more personal level. The software has the added benefit of storing, retrieving and sharing observations of pharmacological, radiological and laboratory data.

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  • 2020 updated Report Introduction, Industry Overview and In-Depth Analysis

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  • Updated regional analysis 2020 with graphical representation of size, share and trends

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Major players in the industry market

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Key questions answered in this report:

  • What is the projected market size and growth rate of the Mental Health Software market?

  • What are the major driving factors driving the growth of the mental health software market?

  • What are the major companies operating in the mental health software market?

  • What segments are covered by the mental health software market?

  • How can I get free sample reports / company profiles of the Mental Health Software Market?

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Global Mental Health Software Market: Growth Factors

The global mental health software market is expected to be occupied by significant factors related to the growing adoption of software due to the increase in target population coupled with the increase in government investment in adoptive HER solutions for health metrics. behavioral mental health, to name a few. In addition, the availability of private and public financing measures coupled with globally favorable healthcare reforms is expected to increase the footprint of the global mental health software market during the forecast period. Additionally, increased demand for mental health services amid low supply of reliable providers coupled with growing population prone to developing severe mental disorders is expected to fuel the global mental health software market during the period of forecast.

The global mental health software market is expected to be driven by the increase in COVID-19 cases resulting in huge amounts of periods of isolation among a larger portion of the population, coupled with the integration of advanced tools to detect the early prognosis of mental health disorders to name a few. Factors related to the growing number of government initiatives at the local level and increasing reimbursement policies among primary healthcare providers are expected to drive the global mental healthcare software market during the forecast period. However, data privacy concerns among consumers and a relative hesitation towards mental health are expected to hamper the growth of the global mental health software market during the forecast period.

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Global Mental Health Software Market: Scope of the Report

Report attribute

Details

Market Size Value 2019

$ 1.9 billion

Market forecast for 2026

$ 4.7 billion

Expected CAGR growth

CAGR 18.8% from 2020-2026

Year of reference

2020

Forecast year

2020-2026

Best market players

Advanced Data Systems, AdvancedMD, Cerner, Compulink, Core Solutions, Credible Behavioral Health and others

Covered segments

Components, delivery model, functions, end user and region

Geographical areas covered

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

Pricing options

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Global Mental Health Software Market: Segmentation

The global mental health software market is segmented into components, delivery method, function, end user, and regions.

On the basis of components, the global mental health software market is divided into software and support services. Software segment is expected to experience the largest market share upon advent of forecast due to increasing adoption of technology solutions coupled with easy design of optimal treatment for physicians, to name but a few. some. Based on the delivery model, the global mental health software market is divided into ownership and subscription. The subscription category is expected to gain the largest market share upon the advent of forecasting due to the increased adoption by SMEs due to the revenue system based on a pay-as-you-go model coupled with sales opportunities. increased investment to name a few. On the basis of function, the global mental health software market can be fragmented into clinical, administrative, and financial. The functional segment is expected to occupy the largest market share with the advent of forecasting due to the integration of functions such as complaint filling, documentation, appointment scheduling, invoicing and coding, to to name a few. On the basis of end user, the global mental health software market is categorized into vendors, payers, and patients. The vendor segment is expected to experience the largest market share in the advent of forecasting due to the growing demand for reliable EHR vendors coupled with rising reimbursement policies to name a few.

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Global Mental Health Software Market: Regional Analysis

North America is expected to experience the largest market share on the advent of forecasting due to increasing reimbursement policies for telehealth services and growing awareness of mental health services, not to name a few. Additionally, the region is in the throes of increased government support in the form of various country-level initiatives, coupled with an increasing number of people requiring behavioral health services, expected to increase the footprint of the healthcare software market. mental during the forecast period. Additionally, the Asia-Pacific region is expected to experience the fastest growing CAGR during the advent of forecasting due to the increasing number of geriatric populations among emerging economies such as Japan and China, coupled with to integrating physical care and behavioral treatment plans to name a few.

Global Mental Health Software Market: Analysis by Component Segment

Global Mental Health Software Market: Analysis by Delivery Model Segment

Global Mental Health Software Market: Analysis by Function Segment

  • Clinical

    • DSE

    • Care plans

    • Electronic prescription

    • Telehealth

  • Administrative

    • Patient planning

    • Document management

    • Case management

    • Workforce management

  • Financial

    • Revenue cycle management

    • Pay

Global Mental Health Software Market: By End User Segment Analysis

  • Suppliers

    • Hospitals and clinics

    • Community centers

  • Payers

  • The patients

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