Behavioral Health Software Market Reaching at US$ 2.31 Billion Investment to 2022 - Analysis by McKesson Corporation (US), Allscripts (US), IBM (US), Athena health (US)
The behavioral health software market is segmented into ownership models and subscription models. The subscription models segment is expected to register the highest CAGR during the forecast period. A large number behavioral healthcare organizations are opting for subscription-based models due to their cost-effectiveness, interoperability, and flexibility.
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Behavioral health software market is segmented into providers, payers, and patients. The patients segment is expected to register the highest CAGR during the forecast period. The large number of patients using behavioral health solutions in their homes or offices for better self-care is the key factor driving the growth of the Mental health software market for the patients segment.
Key Audience for this Report:
- Mental health software vendors/service providers
- Healthcare IT service providers
- Research and consulting firms
- Healthcare insurance companies/payers
- Healthcare institutions/providers (hospitals, medical groups, physician practices, community clinics, psychiatrists, and outpatient clinics)
- Venture capitalists
- Government agencies
- Health information exchanges
- Accountable care organizations (ACOs)
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The behavioral health software market is highly competitive with the presence of various players. Some of the major players operating in the market are Advanced Data Systems (US), AdvancedMD (US), Cerner (US), Compulink (US), Core Solutions (US), Credible Behavioral Health (US), ICANotes (US), InSync Healthcare Solutions (US), iSalus Healthcare (US), Kareo (US), Meditab Software (US), Mentegram (US), Mindlinc (US), Netsmart (US), Nextgen Healthcare (US), NextStep Solutions (US), Nuesoft Technologies (US), Qualifacts (US), Raintree Systems (US), Sigmund Software (US), The Echo Group (US), TheraNest (US), Valant (US), Welligent (US), and WRS Health (US).
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While North America is expected to dominate the mental health software market in 2017, Europe is expected to register the highest CAGR during the forecast period. The high growth in this regional segment is attributed to growing incidence of mental disorders, government initiatives for increasing awareness about mental disorders, and the improving accessibility of behavioral healthcare.
Based on delivery model, the mental health software market is segmented into ownership models and subscription models. The subscription models segment is expected to account for the largest share of the market in 2017. The growth of this segment can be attributed to its advantages such as cost-effectiveness, interoperability, and flexibility.
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