Mental Health Software Market Analysis By P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Mental Health Software Market Size, Share, Development, Growth and
Demand Forecast to 2020
Mental Health Software Market Size, Share, Development, Growth and
Demand Forecast to 2020
The global mental health software market is growing significantly, due to high potential of
subscription model. During the forecast period, the providers segment is expected to hold the
largest share, among all the end user segments of the global mental health software market, due
to its extensive use for maintaining patient records and management revenue cycle. However, the
residential segment is expected to grow with the highest rate during the forecasted period, due to
increasing use of behavioral/ mental health solution by patients in their homes for better self-care.
Among the various delivery models of mental health software, the subscription model segment is
expected to grow with the faster rate, as it is user friendly and cost effective. Moreover, the
support services led the component segment of the market, due to recurring requirement of these
services for software up-gradation and management.
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The unexplored market in the mental health software industry of the developing economies is
creating growth opportunities for the mental health software market. Some of the major trends in
the global market are growing product innovation, increasing number of collaborations and
partnerships, and increasing number of mergers and acquisitions. The mental health software helps
behavioral health professionals to plan treatment for patients suffering from mental problems, such
as depression, addiction, stress and anxiety. The software helps user to facilitate medical bills and
schedule online appointments.
Some of the factors driving the growth of the global market of mental health software are
increasing government funding and support to improve behavioral healthcare services, behavioral
health modifications, increasing healthcare expenditure, and increasing number of people pursuing
behavioral health support. In addition, the increasing awareness among residential users and
increasing adoption of electronic health record systems are also driving growth of the global
market. However, the lack of data privacy, lack of skilled healthcare staff and physiatrists, difficulty
in integration, and low adoption rate of the software are some of the factors, restraining the growth
of the global mental health software market.
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Mental Health Software Market Size, Share, Development, Growth and
Demand Forecast to 2020
Geographically, North America is expected to dominate the global market in the coming years, due
to increasing government support and increasing patient base seeking behavioral services. Asia is
expected to be the fastest growing region, due to increasing healthcare expenditure and increasing
government initiatives and support within the region. In addition, the market in Asia is growing,
due to increasing awareness about mental health software in the emerging countries, such as India
and China.
Some of the companies operating in the global mental health software market are Epic Systems
Corporation, Quality Systems Inc., Cerner Corporation, Mindlinc, The Echo Group, Netsmart
Technologies Inc., Qualifacts Systems Inc., Credible Behavioral Health, Core Solutions Inc.,
Welligents Inc., and Valant Medical Solutions.
Global Mental Health Software Market Segmentation
By Component
 Support Services
 Software
o Integrated software
o Standalone software
By Delivery Model
 Subscription Model
 Ownership Model
By Mode of Access
 Desktops
 Smartphone
By End User
 Provider
 Payer
 Residential
By Functionality
 Clinical Functionality
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Mental Health Software Market Size, Share, Development, Growth and
Demand Forecast to 2020
o Electronic health records
o Telehealth
o E-prescribing
o Others
 Administrative Functionality
o Patient scheduling
o Workflow Management
o Others
 Financial Functionality
o Revenue cycle management
o General ledger
o Others
By Geography
 North America
o The U.S.
o Canada
 Europe
o Germany
o The U.K.
o France
 Asia
o Japan
 Rest of the World
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Mental Health Software Market Size, Share, Development, Growth and
Demand Forecast to 2020
opportunity, and framing informed and customized business expansion strategies in different
regions.
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