The Global Mental Health Software Market would grow at a CAGR of +12% during the forecast period – 2018 To 2026
The global mental health software market size is estimated to Grow at a healthy Growth rate to enhance greater precision and ability to spare healthy issue across both developed and developing countries
mental health software has proved to be the best platform for people suffering from mental health. All kinds of behavioral issues fall under mental health such as depression, substance abuse and anxiety disorders. These plan with the treatment of patient base seeking support due to increasing awareness about mental health software in the emerging countries, such as India and China. Increasing government funding and support to improve the prevailing software platforms is driving the growth of this market. The increasing healthcare expenditure is restricting the number of people choosing to use this software and is therefore hindering the growth of the market. Increasing significance on subscription models attributed to its growing awareness is expected to drive market growth in the forecast period.
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The global mental health software market has been segmented based on functionality into clinical, administrative and financial. Often these softwares are tailor-made and helps the staff or psychologists to observe the behavioral pattern of their patients. It also helps patients to securely pay their bills online and schedule appointments. All these aspects have led to a shift from clinic-centric model to a patient-centric model. North America region held the highest market share.
The competitive analysis done describes that the market is composed of several number of competitors. Some of the prominent players include Advanced Data Systems, AdvancedMD , Cerner , Compulink , Core Solutions , Credible Behavioral Health , Valant , Welligent , and WRS Health amongst others. Advanced Data Systems co. has launched ADS Medics suit of healthcare software products, which is a fully integrated cloud-based and consumer hosted management software. It provides patient attorney management and all types of clinical documentation, therefore, delivering an all rounded solution to patients seeking mental assistance.
The growing number of collaborations and partnerships among the major players is aiding in cutting down service charges, which is ultimately driving the growth of the market. A major number of technologically-challenged population in developing countries like India and China is hampering the growth of the market in these regions. Drivers such as growing per capita medical spending of people, increasing geriatric population, governmental funding initiatives, and rising popularity of wearable such as smart watches is expected to support growth of the mental health software market in the upcoming years.
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Mental Health Software Market – by Component
Mental Health Software Market – by Delivery
Mental Health Software Market – by Functionality
Mental Health Software Market – End User
• Private Practice
Mental Health Software Market – Region
• North America
• Rest of North America
• The UK
• Rest of Europe
• Asia Pacific
• Southeast Asia
• Rest of Asia Pacific
• Middle East and Africa
• GCC Countries
• Southern Africa
• Rest of Middle East and Africa
• Latin America
• Rest of Latin America
The market report provides both, qualitative and quantitative analysis, also delivering major insights into the global scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these leaders. The key strategies adopted by businesses such as mergers and acquisitions (M&A), affiliations, and collaborations are also acknowledged and examined in the report. For each company, the report identifies the headquarter, competitors, product/service type, application and specification, pricing, and gross margin.