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Pulished Date February, 2020
ID: 8453
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Behavioral Health Software Market By Component (Service, Software), By Delivery (Subscription, Ownership), By Functionality (Clinical, Administrative, Financial), By End-User (Clinic, Hospital, Private Practice, Payer), By Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2019-2024)

Pulished: February, 2020
ID: 8453
Pages: 170

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Behavioral Health Software Market Size & Growth - (2019-2024)

The global Behavioral Health Software Market size is valued at USD 1.35 Billion in 2019 and is expected to reach to a decent USD 2.7 Billion by 2024, growing at a CAGR of 14.91 % during the forecast period 2019-2024.

MARKET OVERVIEW

The Behavioral Health Software market is a rapidly growing global market that is mainly driven by the need for a solution for the current-day levels of human stress and the self-curing people associated with them. The Behavioral Health Software market is expected to reach a total of USD 2.7 Billion by the end of 2023 with a 14.91 % CAGR. a leading provider of virtual behavioral health care has announced it's purchasing of Joyable, an app-based virtual therapy innovator, to become a multi-billion-dollar firm in the global market.

DRIVERS

The global market for behavioral health software is majorly driven by the need for a mode to self-heal to facilitate the human mind with the current day activities. The clinical applications of the software are another reason for the fast growth of the global market.

RESTRAINS

However, the accuracy-related to the software when compared between two individual persons is one of the major restraints to the growth of the global market. Also, the global market is concentrated in North America, and Europe may be the primary restraint to the global market expansion to the regions like Africa and the Middle East.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Component, Delivery, Functionality, End User   and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Advanced-Data Systems (US), Epic Systems Corporation (US), AdvancedMD (US), Allscripts, Cerner (US), Practice Fusion (US), NextStep Solutions (US), Compulink (US), Raintree Systems (US), Sigmund Software (US), General Electric Company (US)

This research report on the Global Behavioral Health Software Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.

Behavioral Health Software Market - By Component            

  • Support Service    
  • Software  
  • Integrated Software           
  • Standalone Software         

On the basis of component, among the mentioned components the support services segment had the largest share of revenue generated in 2018 and is anticipated to lead the global market in the projected forecast periods.

Behavioral Health Software Market - By Delivery  

  • Subscription models           
  • Ownership models                   

On the basis of delivery, the subscription models’ segment is calculated to have the largest share of the market in the forecast as mentioned earlier period. The growth of this segment is mainly attributed to its flexibility, interoperability, and cost-effectiveness.

Behavioral Health Software Market - By Functionality

  • Clinical       
  • Administrative       
  • Financial   

On the basis of functionality, Among the mentioned segments the clinical segment is the largest and fastest-growing in terms of both value and volume. The growth is attributed to the increasing government initiatives to support the adoption of this software by clinicians to give proper care at low costs.

Behavioral Health Software Market - By End User

  • Community Clinics               
  • Hospitals  
  • Private Practices   
  • Payers       
  • Providers 
  • Patients    

On the basis of end-user, the patients' segment is expected to be the fastest-growing in the forecast as mentioned earlier period due to a large number of users of such software by patients at homes and offices in the present-day scenario. The rising self-care for mental health in the growing population is the driving force to this segment.

Regional Analysis

North America leads the global Behavioral Health Software market by both value and volume, as of 2018. The situation of all the market key players in this region is the main reason for its leading market position. However, this region is only the second-fastest growing in the world following Europe.

Europe is the second in the lead in the global market in the year 2018. The presence of a vast customer base in and around this region is helping in the growth of the Behavioral Health Software market in Europe. This makes this the fastest growing regional market in the projected forecast period. Also, the technological supremacy of Europe and North America over the rest of the world is the necessary condition that facilitates them to develop in this emerging field, creating an eye-catching performance in the global market.

The Asia Pacific region has the next most significant market share in the year of 2018, in terms of value and volume. The regional advantages offered this region, such as ease of setup and cheap resources, and a large number of skilled populations is a significant reason for this region’s position in the global market. However, the lack of healthcare-related advancements in this region makes it only the third fastest-growing region.

On the other hand, the Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer opportunities for market growth. Hence, the Behavioral Health Software Market grows at a slow pace in these regions.

Some of the prominent companies dominating the Behavioral Health Software Market profiled in the market are

  1. Advanced-Data Systems (US)
  2. Epic Systems Corporation (US)
  3. AdvancedMD (US)
  4. Allscripts, Cerner (US)
  5. Practice Fusion (US)
  6. NextStep Solutions (US)
  7. Compulink (US)
  8. Raintree Systems (US)
  9. Sigmund Software (US)
  10. General Electric Company (US)

1. Introduction       

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods

                1.4 General Study Assumptions                

2. Research Methodology                 

                2.1 Introduction     

                2.2 Research Phases                      

      2.2.1 Secondary Research           

      2.2.2 Primary Research 

      2.2.3 Econometric Modelling      

      2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline

3. Overview             

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology    

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)          

                4.1 Market Drivers

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market    

5. Market Segmentation                    

                5.1 Component                

      5.1.1 Introduction           

      5.1.2 Support Service    

      5.1.3 Software  

      5.1.4 Integrated Software           

      5.1.5 Standalone Software          

      5.1.6 Y-o-Y Growth Analysis, By Component       

      5.1.7 Market Attractiveness Analysis, By Component     

      5.1.8 Market Share Analysis, By Component       

                5.2 Delivery                       

      5.2.1 Introduction           

      5.2.2 Subscription models           

      5.2.3 Ownership models              

      5.2.4 Y-o-Y Growth Analysis, By Delivery               

      5.2.5 Market Attractiveness Analysis, By Delivery             

      5.2.6 Market Share Analysis, By Delivery              

                5.3 Functionality    

      5.3.1 Introduction           

      5.3.2 Clinical       

      5.3.3 Administrative       

      5.3.4 Financial   

      5.3.5 Y-o-Y Growth Analysis, By Functionality     

      5.3.6 Market Attractiveness Analysis, By Functionality   

      5.3.7 Market Share Analysis, By Functionality     

                5.4 End User                      

      5.4.1 Introduction           

      5.4.2 Community Clinics               

      5.4.3 Hospitals  

      5.4.4 Private Practices   

      5.4.5 Payers       

      5.4.6 Providers 

      5.4.7 Patients    

      5.4.8 Y-o-Y Growth Analysis, By End User             

      5.4.9 Market Attractiveness Analysis, By End User           

      5.4.10 Market Share Analysis, By End User          

6. Geographical Analysis                    

                6.1 Introduction     

      6.1.1 Regional Trends    

      6.1.2 Impact Analysis     

      6.1.3 Y-o-Y Growth Analysis        

                      6.1.3.1 By Geographical Area

                      6.1.3.2 By Component

                      6.1.3.3 By Delivery

                      6.1.3.4 By Functionality

                      6.1.3.5 By End User

      6.1.4  Market Attractiveness Analysis     

                      6.1.4.1 By Geographical Area

                      6.1.4.2 By Component

                      6.1.4.3 By Delivery

                      6.1.4.4 By Functionality

                      6.1.4.5 By End User

      6.1.5  Market Share Analysis      

                      6.1.5.1 By Geographical Area

                      6.1.5.2 By Component

                      6.1.5.3 By Delivery

                      6.1.5.4 By Functionality

                      6.1.5.5 By End User

                6.2 North America

      6.1.1 Introduction           

      6.1.2 United States         

      6.1.3 Canada     

                6.3 Europe                         

      6.2.1 Introduction           

      6.2.2 U.K             

      6.2.3 Spain         

      6.2.4 Germany 

      6.2.5 Italy            

      6.2.6 France       

                6.4 Asia-Pacific                 

      6.3.1 Introduction           

      6.3.2 China         

      6.3.3 India          

      6.3.4 Japan         

      6.3.5 Australia   

      6.3.6 South Korea           

                6.5 Latin America   

      6.4.1 Introduction           

      6.4.2 Brazil          

      6.4.3 Argentina

      6.4.4 Mexico     

      6.4.5 Rest of Latin America          

                6.6 Middle East & Africa     

      6.5.1 Introduction           

      6.5.2 Middle-East            

      6.5.3 Africa         

7. Strategic Analysis             

                7.1 PESTLE analysis                         

      7.1.1 Political     

      7.1.2 Economic 

      7.1.3 Social         

      7.1.4 Technological         

      7.1.5 Legal          

      7.1.6 Environmental       

                7.2 Porter’s Five analysis    

      7.2.1 Bargaining Power of Suppliers        

      7.2.2 Bargaining Power of Consumers    

      7.2.3 Threat of New Entrants     

      7.2.4 Threat of Substitute Products and Services              

      7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis              

                8.1 Advanced Data Systems                       

      8.1.1 Overview 

      8.1.2 Product Analysis   

      8.1.3 Financial analysis  

      8.1.4 Recent Developments       

      8.1.5 SWOT analysis       

      8.1.6 Analyst View          

                8.2 Epic Systems Corporation                     

                8.3 AdvancedMD  

                8.4 Practice Fusion                          

                8.5 NextStep Solutions                 

                8.6 Compulink                  

                8.7 Raintree Systems                     

                8.8 Sigmund Software                   

                8.9 General Electric Company                    

                8.10 Core Solutions                        

                8.11 Welligent                  

9. Competitive Landscape                 

                9.1 Market share analysis  

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities               

Appendix                 

                a) List of Tables                

                b) List of Figures    

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by Component,by functionality,by end user,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Behavioral Health Software  Market By Region, From 2019-2024 ( USD Billion )
  2. Global Behavioral Health Software  Market By Component, From 2019-2024 ( USD Billion )
  3. Global Support Service Market By Region, From 2019-2024 ( USD Billion )
  4. Global Software Market By Region, From 2019-2024 ( USD Billion )
  5. Global Integrated Software Market By Region, From 2019-2024 ( USD Billion )
  6. Global Standalone Software Market By Region, From 2019-2024 ( USD Billion )
  7. Global Behavioral Health Software  Market By Delivery, From 2019-2024 ( USD Billion )
  8. Global Subscription models Market By Region, From 2019-2024 ( USD Billion )
  9. Global Ownership models Market By Region, From 2019-2024 ( USD Billion )
  10. Global Behavioral Health Software  Market By Functionality, From 2019-2024 ( USD Billion )
  11. Global Clinical Market By Region, From 2019-2024 ( USD Billion )
  12. Global Administrative Market By Region, From 2019-2024 ( USD Billion )
  13. Global Financial Market By Region, From 2019-2024 ( USD Billion )
  14. Global Behavioral Health Software  Market By End User, From 2019-2024 ( USD Billion )
  15. Global Community Clinics Market By Region, From 2019-2024 ( USD Billion )
  16. Global Hospitals Market By Region, From 2019-2024 ( USD Billion )
  17. Global Private Practices Market By Region, From 2019-2024 ( USD Billion )
  18. Global Payers Market By Region, From 2019-2024 ( USD Billion )
  19. Global Providers Market By Region, From 2019-2024 ( USD Billion )
  20. Global Patients Market By Region, From 2019-2024 ( USD Billion )

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