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North America Behaviour/Mental Health Software Market Research Report - Segmented By Component, Delivery Model, Functionality, End-User & Country (The U.S., Canada & Rest of North America) - Industry Analysis, Size, Share, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 5936
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Behavior/Mental Health Software Market Size (2022 to 2027)

The size of the North America Behaviour/Mental Health Software Market was worth USD 0.56 billion in 2022 and is estimated to be growing at a CAGR of 13.77% to reach USD 1.06 billion by 2027.

The growing population suffering from mental health problems across North America is one of the major factors propelling the behavioral health software market growth in North America. Mental illnesses are a common problem in the United States. Nearly half of the people in this region may experience any mental problem in their lifetime. Some of the mental problems are stress, depression, and loneliness. One in five people will suffer from this mental health-related problem in America. Mental Health America states that mental health is essential to overall wellness. Early identification of these disorders can be treatable or preventable. All these mental-related problems are stored in mental health software for further use.

The growing adoption of software in treating mental health problems further boosts the market growth. Using quality measurement such as software as a tool for improving the quality of mental health care gives advanced patient treatment for fast cure. This software stores the data of all patients suffering from mental disorders and related reports. This software also stores the patients' appointments, regular check-up dates, etc. This information also helps to know the percentage of people suffering from related diseases. In addition, it helps increase the infrastructure, the specialized doctor in the hospital, drugs, and related products for treatment.

Technological advancements and the adoption of AI are further accelerating the growth of the mental health software market in North America. This software sees frequent updates and launches new features for better treatment. For increasing demand for the software, the key market participants focus on adding some of the features to the existing ones for the patient's benefit. This software also lets the patients know their health status and the appointment date to consult the doctor. By using advanced technologies, software becomes easy and helpful to healthcare providers for better treatment of their patients. In addition, the access time and search time are become easy due to the latest technologies in the software.

However, high costs associated with the software, less awareness around mental health software, lack of standardized information, lack of skilled professionals, and lack of centers for software training are the factors that restrain the market forward. In addition, installation and maintenance of the software need more money which may affect the growth of the North American mental health software market. Data security is a significant issue in market growth. Most of the data in the software confidential about the patient suffering from the disease and personal information about them. Third parties are hacking this information and misusing the information, which may restrain the mental health software growth in this region.

This research report on the North America Mental Health Software Market has been segmented and sub-segmented into the following categories:

By Component:

  • Support Services
  • Integrated Mental Health Software
  • Standalone Behavioural Health Software

By Delivery Model:

  • Subscription Models
  • Ownership Models

By Functionality:

  • Clinical Functionality
  • Administrative Functionality
  • Financial Functionality

By End User:

  • Hospitals
  • Community Clinics
  • Private Practices
  • Residential
  • Payers

By Country:

  • The United States
  • Canada
  • Rest of North America

Regional Analysis:

North America was the leading region globally in 2021, owing to behavioral health reforms and the rising number of behavioral health services. In the North American region, the United States has the largest share. Factors such as growing awareness about behavioral health support and supportive government initiatives are expected to propel market growth in the region. The gIn addition, the growing aging population suffering from mental health issues is supporting the market growth in North America. Due to the increase in age, most people are prone to different types of mental disorders due to family situations, studies, jobs, and people who are out of their own houses due to some issues. Most people aged between 18-60 are prone to these diseases.

The U.S. mental health software market dominated the North American region in 2021 owing to the increasing consciousness regarding behavioral health support. The government's initiatives are likely to propel the region's growth. Healthcare professionals pay attention to providing superior and quality healthcare for the patients, increasing per capita income and quickly gathering information to drive the market.

The Canadian mental health software market is expected to grow in North America rapidly. Reducing manual intervention, simultaneous removal of errors, and increasing demand for cost-effective solutions due to healthcare delivery costs influence the development. In the U.S., Medicare offers reimbursements for tele-mental health services and makes behavioral healthcare software reimbursement policies. Growing awareness about mental health software leading to stable and steady enhancements in Medicare policies accelerates the market over the forecast period.

The Canadian government also increased using this mental health software to track patients' health and gives treatment according to previous experience for not to repeat the side effects that happened to them in previous sessions. In Canada, 1 in 4 people experience mental problems in their lifetime. Increasing research and development and increasing healthcare expenditure drive the market forward. Most researchers are increasing trials on the software for the best use and providing the different types and versions of the software for the hospital and clinical use.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North America Mental Health Software Market profiled in this report 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.

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