Statistics on Behavior/Mental Health Care Software Market Size Predicted to Reach USD 4.7 Billion By 2026: Facts & Factors

New York, NY, Oct. 13, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Mental Health Software Market By Component (Software & Support Services), By Delivery Model (Ownership & Subscription), By Function (Clinical, Administrative, &Financial), By End-User (Providers, Payers, & Patients), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” in its research database

“According to the latest research study, the demand of global Mental Health Software Market size & share expected to reach to USD 4.7 Billion by 2026 from USD 1.9 Billion in 2020, at a compound annual growth rate (CAGR) of 18.8% during the forecast period 2021 to 2026”

Global Mental Health Software Market: Overview

Mental health software (MHS) is a branch of healthcare management software that packs the ability to allow psychologists, counselors, and mental health specialists in order to understand the mental and behavioral patterns of their patients by integrating personalized solutions. These solutions are undertaken in order to deal with a wider range of issues such as stress, anxiety, and depression on a much personal level. The software has the added benefit of storage, retrieval, and sharing of pharmacological, radiological, and laboratory data observations.

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• 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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Industry Major Market Players

• Advanced Data Systems
• AdvancedMD
• Cerner
• Compulink
• Core Solutions
• Credible Behavioral Health
• Meditab Software
• Mindlinc
• Netsmart
• Nextgen Healthcare
• Qualifacts
• The Echo Group
• Valant
• Welligent
• Cure MD
• Epic systems corporation
• Accumedic
• Mediware
• Allscripts

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Key questions answered in this report:

• What is the projected market size & growth rate of the Mental Health Software Market?
• What are the key driving factors for the growth of the Mental Health Software Market?
• What are the top companies operative in Mental Health Software Market?
• What segments are covered in Mental Health Software Market?
• How can I get free sample reports/company profiles of the Mental Health Software Market?

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Global Mental Health Software Market: Growth Factors

The global mental health software market is expected to be occupied by significant factors pertaining to the rising adoption of software owing to the increasing targeted population coupled with rising government investments in HER adoptive solutions for behavioral mental health measures to name a few. Additionally, the availability of private and public funding measures coupled with favorable health reforms on a global scale is expected to increase the footprint of the global mental health software market during the forecast period. Moreover, higher demand for mental health services amidst a low supply from reliable vendors coupled with the rising population growing susceptible to serious mental disorders is expected to fuel the global mental health software market during the forecast period.

The global mental health software market is expected to be driven by rising cases of COVID-19 leading to huge amounts of solitary periods among a larger part of the population coupled with the integration of advanced tools for detecting early prognosis of mental health disorders to name a few. Factors pertaining to the increasing number of government on local scale initiatives and rising reimbursement policies among the primary healthcare providers are expected to boost the global mental health software market during the forecast period. However, data privacy concerns among consumers and a relative hesitancy toward mental health are expected to hamper the growth of the global mental health software market during the forecast period.

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Global Mental Health Software Market: Report Scope

Global Mental Health Software Market: Segmentation

The global mental health software market is segmented into components, delivery mode, function, end-user, and regions.

On the basis of components, the global mental health software market is bifurcated into software and support services. The segment pertaining to software is expected to witness the largest market share during the advent of the forecast owing to the rising adoption of technological solutions coupled with easy designing of optimal treatment for physicians to name a few. Based on the delivery model, the global mental health software market is divided into ownership and subscription. The subscription category is expected to witness the largest market share during the advent of the forecast owing to increased adoption by SMEs due to pay as you go model-based revenue system coupled with increased investment opportunities to name a few. On the basis of function, the global mental health software market can be fragmented into clinical, administrative, and financial. The functional segment is expected to occupy the largest market share during the advent of the forecast owing to the integration of functions such as claim fillings, documentation, scheduling appointments, billing, and coding to name a few. On the basis of end-user, the global mental health software market is categorized into providers, payers, and patients. The segment pertaining to providers is expected to witness the largest market share during the advent of the forecast owing to the increasing demand for reliable EHR providers coupled with rising reimbursement policies to name a few.

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Global Mental Health Software Market: Regional Analysis

North America is expected to witness the largest market share during the advent of the forecast owing to increasing reimbursement policies for telehealth services coupled with rising awareness among mental health services to name a few. Additionally, the region is plagued by increased government support in the form of various initiatives on a country level coupled with an increasing number of people requiring behavioral health services is expected to increase the footprint of the mental health software market during the forecast period. Moreover, the region of Asia-Pacific is expected to witness the fastest growing CAGR during the advent of the forecast owing to the rising number of geriatric populations among emerging economies such as Japan and China coupled with the integration of physical care and behavioral treatment plans to name a few.

Global Mental Health Software Market: By Component Segment Analysis

• Software
• Support Services

Global Mental Health Software Market: By Delivery Model Segment Analysis

Global Mental Health Software Market: By Function Segment Analysis

• Clinical
  • EHRs
  • Care Plans
  • E-Prescribing
  • Telehealth
• Administrative
  • Patient Scheduling
  • Document Management
  • Case Management
  • Workforce Management
• Financial
  • Revenue Cycle Management
  • Payroll

Global Mental Health Software Market: By End-User Segment Analysis

• Providers
  • Hospitals & Clinics
  • Community Centers
• Payers
• Patients

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