According to the global behavioral mental healthcare software market report by IMARC Group, the market reached a value of US$ 2.82 Billion in 2021, and it is projected to reach a value of US$ 6.37 Billion by 2027, exhibiting a CAGR of 13.30% during 2022-2027.
Behavioral mental health care software represents advanced technological solutions that enable psychiatrists to monitor patient behavior trends to gain insights and track their condition. They have the potential to gather radiology, laboratory, and pharmacy-related data observations to provide comprehensive reports that examine the need of individuals. Behavioral mental health care software solutions help acquire electronic health records (EHR), make clinical decisions, perform health management practices, conduct e-prescribing, etc. They even offer clinical decision support and allow online appointment scheduling through telehealth platforms.
As a result, behavioral mental health care software services find extensive applications in community centers, hospitals, clinics, and other healthcare establishments across countries.
The elevating prevalence of various psychological disorders, such as stress, anxiety, paranoia, depression, etc., and the rising focus among medical professionals on offering quality care are primarily driving the behavioral mental health care software market. In addition to this, the increasing demand for these software and technologies from behavioral health organizations across the globe to reduce treatment errors and paperwork, ensure instant patient data access to facilitate productivity, enhance workflow, reduce healthcare costs, and maintain confidentiality about patient information, especially in case of substantial drug abuse, is acting as another significant growth-inducing factor.
Besides this, the launch of several favorable by government bodies aimed at encouraging the adoption of HER and cognitive behavior therapies (CBT) for dealing with mental disorders is also positively influencing the global market. Moreover, the introduction of automated software variants to improve operational efficiencies by managing administrative, clinical, and financial tasks and the growing improvement in healthcare infrastructure are expected to propel the behavioral mental health care software market over the forecasted period.
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Global behavioral mental healthcare software market 2022-2027 analysis and segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Accumedic Computer Systems Inc., Advanced Data Systems, AdvancedMD Inc. (Global Payments Inc.), Compulink Healthcare Solutions, InSync Healthcare Solutions, Meditab Software Inc., Netsmart Technologies Inc., Psyquel, Qualifacts Systems LLC, Therapy Brands, TherapyNotes LLC, Valant Medical Solutions Inc. and Welligent Inc.
The report has been segmented the market into following categories:
Breakup by Solution:
- Integrated Software
- Standalone Software
Breakup by Function:
- Clinical Functionality
- Electronic Health Records
- Clinical Decision Support
- Care Plans/Health Management
- Other Clinical Functionalities
- Administrative Functionality
- Patient/Client Scheduling
- Case Management
- Other Administrative Functionalities
- Financial Functionality
- Revenue Cycle Management
- Accounts Payable/General Ledge
- Other Financial Functionalities
Breakup by Disorder Type:
- Post-Traumatic Stress Disorder (PSTD)
- Substance Abuse
- Bipolar Disorders
Breakup by Delivery Model:
- Subscription Model
- Ownership Model
Breakup by End Use:
- Hospitals and Clinics
- Community Centers
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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key questions answered in the global behavioral mental health care software market report
• How has the global behavioral mental health care software industry performed in the past and how will it perform in the near future?
• What is the impact of COVID-19 on the global behavioral mental health care software market?
• What are the key regions in the global behavioral mental health care software industry?
• What are the major driving factors and challenges in the global behavioral mental health care software market?
• What is the structure of the global behavioral mental health care software industry and who are the leading players?
• What is the degree of competition in the market?
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