The Mental Health Software Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Mental Health Software Market is estimated to be USD 1.36 billion in 2018 and predicted to rise to USD 2.6 billion by 2023 with a CAGR of 13.87%. The market is divided by Delivery Model (Subscription Models and Ownership Models), by Component (Support Services, Integrated Mental Health Software and Standalone Behavioural Health Software), by End User (Hospitals, Community Clinics, Private Practices, Residential and Payers). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The driving factors of global Mental Health Software market are behavioural health reforms, government initiatives in order to increase behavioural healthcare services around the globe, and the growing number of people seeking behavioural health support are likely to drive market growth. However, the market is constrained by factors such as data privacy concerns, lower adoption rate of behavioural health EHRs, and dearth of psychiatrists and healthcare IT professionals.
The global Mental Health Software market is segmented based on delivery model into subscription models and ownership models. Subscription model has the largest share, which can be owed to higher level of interoperability, data centralization capacities, software auto-upgrades and ease of customization. By component, market is segmented into support services, integrated mental health software and standalone behavioural health software. By end user, market is categorised into hospitals, community clinics, private practices, residential and payers.
The Global Mental Health Software market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Mental Health Software in the world, owing to behavioural health reforms and rising number of behavioural health services. Asia Pacific and Europe have the second and third largest markets respectively. Asia Pacific region is expected to have the fastest growth rate during the forecast period.
Some of the major players in the market are Cerner Corporation (U.S.), Core Solutions (U.S.), Credible Behavioral Health (U.S,), MindLinc (U.S.), Epic Systems Corporation (U.S.), Netsmart Technologies (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Qualifacts (U.S.), The Echo Group (U.S.), Valant, Medical Solutions Inc. (U.S.), and Welligent (U.S.) amongst others. Browse through the full report at “https://www.marketdataforecast.com/market-reports/mental-health-software-market-6154/” and checkout our recent reports in the Health care category at “https://www.marketdataforecast.com/subcategory/healthcare-it-17/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.