Product Code: SR112023A6456
Abstract
Market Overview:
The global behavioral mental health care software market size reached US$ 3.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2023-2028.
Behavioral mental healthcare software (BMHS) refers to a sophisticated and advanced custom-built solution that enables psychiatrists to communicate and monitor patient behavior trends to gain insights and track their condition. It has the potential to gather laboratory, radiology, and pharmacy-related data observations for providing comprehensive reports that examine the requirements of an individual. BMHS software further helps acquire electronic health records (EHR), perform health management practices, make clinical decisions, e-prescribing, and perform various administrative tasks. Along with this, it offers clinical decision support, allows online appointment scheduling through telehealth platforms, and maintains confidentiality regarding patient information, especially in case of substantial drug abuse. As a result, BMHS is used by community clinics and hospitals to enhance service providers efficiency by reducing treatment costs, provide value-based medicine programs, and diagnose various mental illnesses. Currently, BMHS is available in the cloud- or software-based deployment models.
Behavioral Mental Health Care Software Market Trends:
The increasing prevalence of various psychological disorders, including anxiety, stress, paranoia, and depression, especially during the COVID-19 pandemic, and the rising focus of medical professionals on offering quality care have supplemented the demand for BMHS across the globe. Such technologies help behavioral health organizations in reducing treatment errors and paperwork, providing instant patient data access to ensure productivity, improving workflow, and mitigating healthcare costs, which is primarily driving the market growth. In line with this, favorable initiatives undertaken by governments to encourage the adoption of EHR and cognitive behavior therapies (CBT) to deal with mental disorders are acting as another growth-inducing factor. Additionally, the advent of automated BMHS to improve operational efficiencies by managing clinical, administrative, and financial tasks is propelling the market growth. Apart from this, considerable expansion in the healthcare infrastructure and ongoing research and development (R&D) activities to engineer advanced BMHS solutions are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global behavioral mental health care software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on solution, function, disorder type, delivery model and end use.
Breakup by Solution:
Software
Integrated Software
Standalone Software
Services
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:
Anxiety
Post-Traumatic Stress Disorder (PSTD)
Substance Abuse
Schizophrenia
Bipolar Disorders
Others
Breakup by Delivery Model:
Subscription Model
Ownership Model
Breakup by End Use:
Providers
Hospitals and Clinics
Community Centers
Payers
Patients
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report:
- How has the global behavioral mental health care software market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global behavioral mental health care software market?
- What are the key regional markets?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the disorder type?
- What is the breakup of the market based on the delivery model?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global behavioral mental health care software market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Behavioral Mental Health Care Software Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Solution
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Integrated Software
- 6.1.2.2 Standalone Software
- 6.1.3 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Function
- 7.1 Clinical Functionality
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 Electronic Health Records
- 7.1.2.2 Clinical Decision Support
- 7.1.2.3 Care Plans/Health Management
- 7.1.2.4 Other Clinical Functionalities
- 7.1.3 Market Forecast
- 7.2 Administrative Functionality
- 7.2.1 Market Trends
- 7.2.2 Key Segments
- 7.2.2.1 Patient/Client Scheduling
- 7.2.2.2 Case Management
- 7.2.2.3 Other Administrative Functionalities
- 7.2.3 Market Forecast
- 7.3 Financial Functionality
- 7.3.1 Market Trends
- 7.3.2 Key Segments
- 7.3.2.1 Revenue Cycle Management
- 7.3.2.2 Accounts Payable/General Ledge
- 7.3.2.3 Other Financial Functionalities
- 7.3.3 Market Forecast
8 Market Breakup by Disorder Type
- 8.1 Anxiety
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Post-Traumatic Stress Disorder (PSTD)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Substance Abuse
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Schizophrenia
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Bipolar Disorders
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Delivery Model
- 9.1 Subscription Model
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Ownership Model
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by End Use
- 10.1 Providers
- 10.1.1 Market Trends
- 10.1.2 Key Segments
- 10.1.2.1 Hospitals and Clinics
- 10.1.2.2 Community Centers
- 10.1.3 Market Forecast
- 10.2 Payers
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Patients
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Accumedic Computer Systems Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Advanced Data Systems
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 AdvancedMD Inc. (Global Payments Inc.)
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Compulink Healthcare Solutions
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 InSync Healthcare Solutions
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Meditab Software Inc.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 Netsmart Technologies Inc.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 SWOT Analysis
- 16.3.8 Psyquel
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 Qualifacts Systems LLC
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 Therapy Brands
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 TherapyNotes LLC
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.12 Valant Medical Solutions Inc.
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.13 Welligent Inc.
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio