According to the latest report by IMARC Group, titled “Behavioral Mental Health Care Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global behavioral mental health care software market share.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global behavioral mental health care software market size reached US$ 2.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.37 Billion on by 2027, exhibiting a growth rate (CAGR) of 13.30% during 2022-2027.
What is a the Behavioral Mental Health Care Software?
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.
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What are the major market drivers in a Behavioral Mental Health Care Software market ?
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.
who are the key players/companies in the Behavioral Mental Health Care Software 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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