Market introduction and forecast
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. This 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$ 3,190.00 Mn in 2016, and is expected to register a CAGR of 13.3% from 2017 to 2025. Increasing per capita healthcare spending and low-cost solutions through cloud-based services are major factors driving revenue growth of the global mental health software market.
Market segmentation and forecast
The market is categorized on the basis of end user and deployment type. On the basis of end user, the market is segmented as hospitals and clinics, residential, counselors and psychologist, group therapist and others. The counselors and psychologist segment is anticipated to register a CAGR of 19.2% during the forecast period. On the basis of deployment type, the market is segmented as SaaS and On-Premise. SaaS segment accounted for highest market share and was valued at US$ 2,791.25 Mn in 2016. Moreover, low-cost solutions through cloud-based services globally should contribute to the growth of the segment in the market. SaaS segment is expected to register a healthy CAGR of 13.9% during the forecast period.
This report covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of mental health software market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America held the largest market share in 2016 owing to a growing need for mental health software on account of innovative healthcare solutions and services. The Asia Pacific regional market is expected to register a healthy CAGR of 13.4% during the forecast period.
Key players operating in the global mental health software market
Key competitors in the global mental health software market include Cerner Corporation, 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. and Qualifacts Systems Inc.
Persistence Market Research offers an eight year forecast for mental health software market between 2017 and 2025. This study demonstrates the market dynamics and trends globally across five regions North America, Latin America, Europe, Asia Pacific, and Middle East and Africa which influence the current nature and future status of the mental health software market over the forecast period.
Report Description & Structure
This research report provides detailed analysis of mental health software market and offers insights on the various factors driving popularity of these systems. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on light source, end-user and application using mental health software across different regions globally. The report starts with an overview of the global mental health software market in terms of value. In addition, this section includes analysis of macro-economic factors, opportunity analysis and technology trends which are influencing the mental health software market. Impact analysis of growth drivers and restraints, based on the weighted average model and PMR analysis and recommendation is included in this report to facilitate clients with crystal clear decision-making insights.
The global mental health software market is categorized on the basis of end user and deployment type. On the basis of end user, the market is segmented as hospitals and clinics, residential, counselors and psychologist, group therapist and others. A detailed analysis has been provided for every segment in terms of market size analysis for mental health software solutions across the different regions. The section provides a detailed analysis covering drivers, restraints and trends and regulations in the region. This section highlights market presence (intensity map) for representative market participants.
The next section provides a detailed analysis of the mental health software market across various countries in the region. It provides a market outlook for 2017–2025 and sets the forecast within the context of the mental health software including latest technological developments as well as service offerings in the market. This study discusses key trends within countries contributing to growth of the market, as well as analyses degree at which drivers are influencing this market in each region. This report evaluates the growth prospects of the mental health software market across various regions globally for the period 2017 –2025. We have considered 2016 as the base year and provided data for the trailing 12 months.
To calculate global mental health software market size, we have considered country wise adoption rate of mental health software Market across different segments. Furthermore, we have analyzed the revenue contribution from mental health software players. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the mental health software market will develop in the future. Given the characteristics of the market, we triangulated the outcome of different types of analyses, based on adoption trends. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market on the basis of certain parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market.
In the final section of the report, we include a competitive landscape to provide clients with a dashboard view based on categories of providers in the value chain, presence in mental health software portfolio and relevant differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of major providers specific to a market segment in mental health software value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate prominent competitors based on in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are included in the scope of the report to evaluate their long-term and short-term strategies, product offerings and recent developments in the mental health software market space.
Mental Health Software Market Taxonomy