Behavioral Health Software Market 2022-2028: Global Size, Share, Growth, Trends

Precision Business Insights published a research report on “Behavioral Health Software Market - Global/Region/Country Forecast to 2028”.

Mental health software (MHS) is a type of healthcare management software that allows psychologists, counsellors, and mental health specialists to understand their patients' mental and behavioural patterns and recommend a personalised treatment plan to deal with addiction stress, anxiety, depression, and other issues on a personal level. Pharmacological, radiological, as well as laboratory data observations can be stored, retrieved, and shared.

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The global behavioural health software market is expected to grow in the coming years due to rising adoption of technological and IT solutions in healthcare and medical infrastructure in advanced and developing regions, as well as a growing demand for optimum and effective behavioural or mental health services. These software solutions can help practitioners in the behavioural health industry perform their administrative, clinical, as well as financial functions more efficiently. In the future years, the global behavioural health software market is likely to benefit from the growing usage of electronic health records (EHR) in different health institutions around the world.
People living in the most remote parts of the world can now access telephonic mental health treatments such as counselling as well as talk therapy via video conferencing or audio calls, independent of their physical location. In the near future, this developing tendency, which is directly backed by the COVID-19 pandemic situation, is expected to increase demand in the worldwide behavioural health software market. Increased worry, fear, despair, and frustration as a result of the pandemic crisis are also boosting the demand for effective behavioural health software solutions.

The global behavioral health software market can be categorized based on component, delivery model, end-user, functionality, and region. In terms of component, the market can be categorized into software and support services. The software segment can be further segregated into integrated software and standalone software. Based on delivery model, the global behavioral health software market can be divided into ownership model and subscription model. In terms of functionality, the market can be fragmented into financial, clinical, and administrative. The clinical division can be further segregated into telehealth, clinical decision support systems, electronic health records (EHRs), and others. The financial segment can be classified into revenue cycle management, managed care, and others. The administrative segment can be further segmented into business intelligence, case management, workforce management, and others. On the basis of end-user, the global behavioral health software market can be categorized into providers and payers. The providers segment can be segregated into clinics, hospitals, and private practices.

In terms of revenue, North America had the greatest share of the market in 2016. The trend is anticipated to continue during the forecast period. The region's market is expected to grow due to an increase in the number of patients with behavioural health difficulties, increased adoption of behavioural health software, and more public awareness. Because of increased access to behavioural health care, rising incidence of behavioural disorders, with government initiatives to raise behavioural health awareness, the market in Europe is expected to grow at a high CAGR over the forecast period.

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Some of the major key players in the Behavioral Health Software Market are Cerner Corporation, Credible, Epic Systems, NextGen Healthcare, Allscripts, Netsmart Technologies, Kareo, CureMD, EMIS Health, Mediware, MindLinc, Valant Medical, Welligent, Qualifacts, Careworks, THE ECHO GROUP, ICareHealth, Askesis Development, Core Solutions, PsHEALTH, BestNotes, Accumedic and more

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