Mental Health Software Market Quadruples by 2023; with a ~ 14.72 % of Whooping CAGR | Cerner, NextGen Healthcare Information Systems, Core Solutions Inc, Welligent Inc, Netsmart Technologies, Qualifacts, Credible Behavioral Health Inc, MindLinc and Epic S
The Mental Health Software Market was worth USD 0.78 billion in 2014 and is expected to reach approximately USD 2.68 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.72% during the forecast period.
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The leading players in the market are Cerner, NextGen Healthcare Information Systems, Core Solutions Inc, Welligent Inc, Netsmart Technologies, Qualifacts, Credible Behavioral Health Inc, MindLinc and Epic Systems. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Mental health software empowers behavioral health experts to pick the best treatment plan for a person experiencing anxiety, addiction, stress, depression and so on, on the basis of clinical confirmations and patient records. The software enables clients to plan online appointments and pay the medical bills by means of mobile devices, for example, PCs and cell phones. It is custom fabricated software that empowers analysts to comprehend the behavioral conduct of patients and offer them the best treatment intend to bargain against their issue. MHS is widely used software by numerous experts.
Drivers and Restraints:
The factors driving the development of the market are expanding government financing and support to enhance behavioral healthcare services, increasing costs of healthcare, behavioral health modifications, and expanding number of individuals seeking behavioral health support. Moreover, the expanding awareness among residential consumers and expanding adoption of electronic wellbeing record frameworks are additionally driving development of the worldwide market. Nonetheless, the absence of data protection, absence of gifted medicinal services staff and physiatrists, trouble in incorporation, and low rate of adoption of the product are some factors that are limiting the development of the market.
Mental Health Software Market, By Deployment Mode:
Mental Health Software Market, By Mode of Access:
Mental Health Software Market, By Function:
Clinical Decision Support
Revenue Cycle Management
Electronic Health Record (EHR)
Mental Health Software Market, By Application:
Hospitals and Clinics
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The Mental Health Software Market is segmented on the basis of deployment mode, mode of access, function and application. Based on deployment mode the market is segmented into On-premise and Subscription out of which the subscription segment is anticipated to dominate the market. Based on mode of access the market is segmented into Desktops/ laptops and Tablets/ Smartphone. By function the market is segmented into Telehealth, Ledger, Business Intelligence, Clinical Decision Support, Revenue Cycle Management, Payroll and Electronic Health Record out of which the business intelligence segment is anticipated to rule the market. Based on application the market is segmented into Hospitals and Clinics, Residential and others.
Mental Health Software Market, By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Regional Outlook and Trend Analysis:
On the basis of value, North America dominated the market with over 45% market share in 2014, trailed by Europe with around 27%. Increasing expense on mental health software in Asia Pacific region is anticipated to boost the market in the region significantly.
Mental Health Software Market, ToC:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 10. Company Profiles
10.1.4.Sales, Revenue and Market Share
10.2. NextGen Healthcare Information Systems
10.2.4.Sales, Revenue and Market Share
10.3. Core Solutions Inc
10.3.4.Sales, Revenue and Market Share
10.4. Welligent Inc
10.4.4.Sales, Revenue and Market Share
10.5. Netsmart Technologies
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Reasons to Buy the Report:
This report focuses on various levels of analysis—industry trends, market ranking of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the rapid microbiology testing market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
TO BE CONTINUED…
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