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Detailed examination of the mental health software market to hit 14.8% CAGR “investment going to cross US$ 2.31 billion by 2022”

Detailed examination of the mental health software market to hit 14.8% CAGR “investment going to cross US$ 2.31 billion by 2022”

The increasing adoption of Mental health software, availability of government funding, government initiatives to encourage EHR adoption in behavioral health organizations, favorable behavioral health reforms in the US, and high demand for mental health services amidst provider shortage are driving the growth of the market.

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The Mental health software market is expected to reach USD 2.31 Billion by 2022 from USD 1.02 Billion in 2016, growing at a CAGR of 14.8% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

“Subscription models are expected to register the highest CAGR during the forecast period”

Complete Report on Behavioral and Mental Health Software Market spread across 222 Pages, Profiling 15 Companies and Supported with 255 Tables and 37 Figures is now available at www.rnrmarketresearch.com/behavior…arket-report.html .

The Mental health software market is segmented into providers, payers, and patients.

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The patients segment is expected to register the highest CAGR during the forecast period. The large number of patients using behavioral health solutions in their homes or offices for better self-care is the key factor driving the growth of the Mental health software market for the patients segment.

Key Audience for this Report:

  • Mental health software vendors/service providers
  • Healthcare IT service providers
  • Research and consulting firms
  • Healthcare insurance companies/payers
  • Healthcare institutions/providers (hospitals, medical groups, physician practices, community clinics, psychiatrists, and outpatient clinics)
  • Venture capitalists
  • Government agencies
  • Health information exchanges
  • Accountable care organizations (ACOs)

The study estimates the Mental health software market size for 2017 and projects its demand till 2022. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report.

Primary sources from the demand side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from the various players in the market.

Click Now for Sample Papers of this Study Report

www.rnrmarketresearch.com/contacts…mple?rname=248201 .

Geographical Analysis

North America is expected to account for the largest share of the market followed by Europe. However, Europe is expected to register the highest CAGR during the forecast period.

The high growth in this regional segment is attributed to growing incidence of mental disorders, government initiatives for increasing awareness about mental disorders, and the improving accessibility of behavioral healthcare.

Mental health software market by Functionality

Clinical Functionality
o    Electronic Health Records (EHR)  
o    Clinical Decision Support (CDS)  
o    Care Plans/Health Management  
o    E-Prescribing  
 

Telehealth Administrative Functionality
o    Patient/Client Scheduling  
o    Document/Image Management  
o    Case Management  
o    Business Intelligence (BI)  
o    Workforce Management
 
Financial Functionality
o    Revenue Cycle Management  
o    Managed Care  
o    Accounts Payable/General Ledger  
o    Payroll

 

The Mental health software market is highly competitive with the presence of various players. Some of the major players operating in the market are Advanced Data Systems (US), AdvancedMD (US), Cerner (US), Compulink (US), Core Solutions (US), Credible Behavioral Health (US), ICANotes (US), InSync Healthcare Solutions (US), iSalus Healthcare (US), Kareo (US), Meditab Software (US), Mentegram (US), Mindlinc (US), Netsmart (US), Nextgen Healthcare (US), NextStep Solutions (US), Nuesoft Technologies (US), Qualifacts (US), Raintree Systems (US), Sigmund Software (US), The Echo Group (US), TheraNest (US), Valant (US), Welligent (US), and WRS Health (US).

Connect for More Details for More Information “Behavioral/Mental Health Software Market by Component (Service, Software), Delivery (Subscription, Ownership), Functionality (Clinical, Administrative, Financial), End User (Clinic, Hospital, Private Practice, Payer), and Region - Global Forecast to 2022” report @ www.rnrmarketresearch.com/contacts…hase?rname=248201 .

Research Coverage:

The report provides an overview of the Mental health software market. It aims at estimating the market size and future growth potential of this market across different segments such as component, delivery model, functionality, end user, and region.

Key Benefits of Getting the Report:

The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall Mental health software market and its sub segments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.

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