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Behavioral & Mental Health Software Market Share

Report ID: GMI4074
Published Date: May 2022
Report Format: PDF

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Behavioral & Mental Health Software Market Share

Some of the prominent players operating in the behavioral & mental health industry include :

AdvancedMD
Advanced Data Systems Corporation
Meditab
CureMD Healthcare
Netsmart Technologies, Inc
NXGN Management, LLC
Teladoc Health Inc
Qualifacts Systems, Inc
TherapyNotes, LLC
Ontrak Inc

The fragmented nature of the market leads to lowered profitability and limited product visibility. Hence, several multinational providers are observed to focus on inorganic growth strategies through acquisitions and mergers to strengthen their regional penetration.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global behavioral & mental health software market share crossed USD 4,504.1 million in 2021 and is poised to record a 17.3% CAGR between 2022 and 2030 driven by the growing focus of medical professionals on providing quality care to patients suffering from mental illness.

The software component segment held close to 55.1% of the behavioral & mental health software market share in 2021 and will witness expansion with the rising need for technological solutions in the management of clinical, financial, and administrative functions of psychiatry practices.

The behavioral & mental health software industry size from the clinical application segment is anticipated to be pegged at over USD 10.2 billion by 2030 due to the surging number of government initiatives to offer cost-effective and quality care to the patients.

The behavioral & mental health software industry in North America is pegged to strike a 16.8% CAGR through 2030 owing to the higher incidence of mental health disorders, escalating healthcare spending, and the presence of advanced healthcare infrastructure across the region.