Press release
Market Study on Mental Health Software: Innovative and Low Cost Mental Healthcare Solutions to Drive Implementation
This report covers the global mental health software market performance in terms of revenue contribution. The report includes key trends, drivers, restraints, and opportunities influencing growth of the global mental health software market. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.
The global mental health software market is mainly driven by factors such as increasing awareness among residential users, growing adoption of electronic health record systems, and increasing per capita healthcare spending. However, uncertainty about data security, privacy and protection issues, and lack of awareness about the benefits of digital mental healthcare software in emerging regions such as APEJ, MEA, and Latin America are expected to hamper growth of the mental health software market.
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Deployment mode includes on-premise and subscription (cloud-based) segments. Revenue from the subscription (cloud-based) segment is projected to expand at the highest CAGR of 24.2% during the forecast period.
By mode of access, the desktops/ laptops segment is expected to dominate the mental health software market, accounting for over 71.5% share of the overall market by 2021. Segment revenue is projected to expand at a CAGR of 10.2%% during the forecast period (2015–2021).
By function, the business intelligence segment is estimated to dominate the mental health software market, accounting for around 33% share of the overall market by 2015 end. Revenue from the segment is projected to expand at a CAGR of 16.2% during the forecast period.
Application includes commercial and residential segments. Commercial segment is further sub-segmented into hospitals and clinics, and others applications. Others sub-segment includes psychiatrists, social workers, psychologists, counselors, nurse practitioners, and group therapists categories.
In terms of value, North America dominated the market with over 45% market share in 2014, followed by Europe with around 27%. Expenditure on mental health software in Asia Pacific region is projected to expand at highest CAGR of 16.7% during the forecast period.
Report Link: https://www.persistencemarketresearch.com/market-research/mental-health-software-market.asp
Key features of this report
Drivers and restraints of the mental health software market
Latest product innovations and key developments in the market
Analysis of business strategies of the top players
Mental health software market estimates and forecasts
Key players in the global mental health software market are Cerner Corporation, Qualifacts Systems Inc., MindLinc, Core Solutions Inc., Netsmart technologies Inc., Epic Systems Corporation, Credible Behavioral Health Inc. (Credible), Nextgen Healthcare Information Systems LLC, Valant Medical Solutions Inc., and Welligent Inc.
The global mental health software market is estimated to be valued at US$ 2,203.0 Mn by the end of 2015. The market is expected to account for US$ 4,509.6 Mn by the end of 2021, expanding at a CAGR of 12.7% between 2015 and 2021.
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