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.
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Key players in the global mental health software market:
- Cerner Corporation.
- Qualifacts Systems Inc.
- Core Solutions Inc.
- Netsmart technologies Inc.
- Epic Systems Corporation.
- Credible Behavioral Health Inc.
- Nextgen Healthcare Information Systems LLC.
- Valant Medical Solutions Inc.
- Welligent Inc.
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.
The mental health software market is segmented as follows:
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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
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