Mental Health Software Market

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MENTAL HEALTH SOFTWARE MARKET
ANALYSIS

• Mental Health Software Market, by Deployment
  mode(On-premise and Subscription (Cloud-based)),
  by Mode of Access(Desktops/Laptops and
  Tablets/Smartphones), by Function(Telehealth,
  Payroll, Revenue Cycle Management (RCM),Ledger,
  Business Intelligence, Electronic Health Record
  (EHR) and Clinical Decision Support), by
  Application(Commercial, Hospitals and Clinics,
  Others(Psychiatrists, Social Workers,
  Psychologists, Counsellors, Nurse Practitioners,
  Group Therapists) and Residential)  and by Region
  (North America, Latin America, Europe, Asia
  Pacific, Middle East and Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2019 - 2027

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• Market Overview
• The global Mental Health Software Market was
  accounted for US 3,539.2 MN in terms of value in
  2019 and is expected to grow at CAGR of 12.7 for
  the period 2019-2027
• Market Dynamics Drivers
• Availability of innovative healthcare solutions
  and services is expected to drive growth of the
  global mental health software market during the
  forecast period
• Growing geriatric population worldwide is
  expected to propel the global mental health
  software market growth over the forecast period

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Figure 1. Market Share
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• Market Dynamics Restraints
• Challenges regarding data security, privacy and
  protection issues are expected to hamper the
  global mental health software market growth over
  the forecast period
• Low awareness regarding benefits of this software
  is expected to restrain growth of the global
  mental health software market over the forecast
  period

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• Market Opportunities
• High potential for growth of mental health
  software market in emerging economies
• Increasing emphasis on telehealth as a means of
  providing care services can provide major
  business opportunities

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Figure 2. MarketOpportunity Analysis
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• Market Trends
• Increasing merger and acquisition activities
  among key market players
• Growing adoption of cloud-based services is
  another major trend in the market
• Segment information
• In global Mental Health Software Market, by mode,
  On-premise sub-segment dominated the global
  market in 2019, accounting for 84.0 share in
  terms of value, followed by Subscription
  (Cloud-based) sub-segment.

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Figure 3. Market Share
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• Competitive Section
• Key players operating in the global mental health
  software market are Welligent Inc., Netsmart
  Technologies Inc., Cerner Corporation, Valant
  Medical Solutions Inc., Qualifacts Systems Inc.,
  Nextgen Healthcare Information Systems LLC,
  MindLinc, Credible Behavioral Health Inc.
  (Credible), Core Solutions Inc., and Epic Systems
  Corporation.
• Key Developments
• Major market players are involved in partnerships
  and collaborations, in order to gain a
  competitive advantage in the market. For
  instance, in May 2018, Valant Medical Solutions
  Inc. partnered with Gemspring, a middle-market
  private equity firm accelerate growth of the
  organization in the field of mental health.

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