Global Market Study on Mental Health Software: Innovative and Low Cost Mental Healthcare Solutions to Drive Implementation


  • Published On : Nov-2015 |
  • Pages : 190 Pages |
  • Format :

Mental health software enables behavioral health professionals to choose the best treatment plan for a person suffering from stress, anxiety, depression, addiction etc., based on clinical evidences and patient records. These software also allow users to schedule online appointments and facilitate medical bill payment via mobile devices such as laptops and smartphones.

This report covers the global mental health software market performance in terms of revenue contribution. The report includes key trends, drivers, restraints, and opportunities influencing growth of the global mental health software market. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.

The global mental health software market is mainly driven by factors such as increasing awareness among residential users, growing adoption of electronic health record systems, and increasing per capita healthcare spending. However, uncertainty about data security, privacy and protection issues, and lack of awareness about the benefits of digital mental healthcare software in emerging regions such as APEJ, MEA, and Latin America are expected to hamper growth of the mental health software market.  

Deployment mode includes on-premise and subscription (cloud-based) segments. Revenue from the subscription (cloud-based) segment is projected to expand at the highest CAGR of 24.2% during the forecast period.

By mode of access, the desktops/ laptops segment is expected to dominate the mental health software market, accounting for over 71.5% share of the overall market by 2021. Segment revenue is projected to expand at a CAGR of 10.2%% during the forecast period (2015–2021).

By function, the business intelligence segment is estimated to dominate the mental health software market, accounting for around 33% share of the overall market by 2015 end. Revenue from the segment is projected to expand at a CAGR of 16.2% during the forecast period.

Application includes commercial and residential segments. Commercial segment is further sub-segmented into hospitals and clinics, and others applications. Others sub-segment includes psychiatrists, social workers, psychologists, counselors, nurse practitioners, and group therapists categories.

In terms of value, North America dominated the market with over 45% market share in 2014, followed by Europe with around 27%. Expenditure on mental health software in Asia Pacific region is projected to expand at highest CAGR of 16.7% during the forecast period.

The mental health software market is segmented as follows:

By Deployment Mode:

  • On-premise
  • Subscription (Cloud-based)

By Mode of Access:

  • Desktops/ laptops
  • Tablets/ Smartphone

By Function:

  • Telehealth
  • Payroll
  • Revenue Cycle Management
  • Ledger
  • Business Intelligence
  • Electronic Health Record (EHR)
  • Clinical Decision Support

By Application:

  • Commercial
    • Hospitals and Clinics
    • Others
      • Psychiatrists
      • Social Workers
      • Psychologists
      • Counselors
      • Nurse Practitioners
      • Group Therapists
    • Residential

By Region:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Poland
    • Russia
    • Rest of Europe
  • Asia pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia and New Zealand
    • Rest of Asia Pacific
  • MEA
    • GCC Nations
    • South Africa
    • North Africa
    • Rest of MEA

Key features of this report

  • Drivers and restraints of the mental health software market
  • Latest product innovations and key developments in the market
  • Analysis of business strategies of the top players
  • Mental health software market estimates and forecasts

Mental health software enables behavioral health professionals to choose the best treatment plan for a person suffering from stress, anxiety, depression, addiction etc., based on clinical evidences and patient records. These software also allows users to schedule online appointments and facilitate medical bill payment via mobile devices such as laptops and smartphones.

The global mental health software market was valued at US$ 1,971.5 Mn in 2014. North America was the largest market for mental health software, accounting for over 45% revenue share of the overall market in 2014, followed by Europe with around 27% share. Moreover, Asia Pacific market is expected to exhibit highest CAGR of 16.7% during the forecast period (2015–2021), followed by the MEA market, which is expected to expand at a CAGR of 15.3%. Drivers such as increasing per capita healthcare spending, increasing aging population, government digital initiatives, and proliferation of wearable and mobile devices is expected to support growth of the mental health software market.

The global mental health software market is estimated to be valued at US$ 2,203.0 Mn by the end of 2015. The market is expected to account for US$ 4,509.6 Mn by the end of 2021, expanding at a CAGR of 12.7% between 2015 and 2021.

By deployment mode, the on-premise segment accounted for around 89% of overall market value in 2014. 

By mode of access, tablets / smartphone segment was valued at US$ 338.8 Mn in 2014 and is expected to increase at a CAGR of 21.5% over the forecast period to account for US$ 1,285.5 Mn by 2021.

By function, business was the largest segment, valued at US$ 637.1 Mn and accounting for approximately 32% share in 2014. Clinical decision support segment was the second-largest segment by function, accounting for around 21% revenue share of the market the same year.

Key players in the global mental health software market are Cerner Corporation, Qualifacts Systems Inc., MindLinc, Core Solutions Inc., Netsmart technologies Inc., Epic Systems Corporation, Credible Behavioral Health Inc. (Credible), Nextgen Healthcare Information Systems LLC, Valant Medical Solutions Inc., and Welligent Inc.

mental-health-software-market

Key players in the global mental health software market:

  • Cerner Corporation.
  • Qualifacts Systems Inc.
  • MindLinc.
  • Core Solutions Inc.
  • Netsmart technologies Inc.
  • Epic Systems Corporation.
  • Credible Behavioral Health Inc.
  • (Credible).
  • Nextgen Healthcare Information Systems LLC.
  • Valant Medical Solutions Inc.
  • Welligent Inc.
  • Other

Leading players operating in the mental health software market are collaborating with other key healthcare solutions and services providers in order to advance their operational efficiencies and provide improved patient care.

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