The Global Mental Health Software Market size was valued at around USD 3.5 billion in 2023 and is projected to grow at a CAGR of around 13.43% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Mental Health Software Market
Global Mental Health Software Market Driver: Rising Prevalence of Mental Health Disorders
The primary motive force of the mental health software industry is a growing range of troubles associated with mental health. There is a higher demand for efficient and accessible mental health care software as mental health problems which include tension ailment, bipolar ailment, schizophrenia, substance abuse disorder, and autism spectrum ailment (ASD) emerge as more extensive globally. Electronic health records (EHRs), teletherapy platforms, patient management structures, and mobile fitness apps are some of the tools and features that mental health software offers. These equipment and functionalities assist mental health providers enhance affected person engagement, streamline administrative approaches, and offer higher care. The adoption of such digital solutions has been fueled due to the growing demand for efficient handling of mental health services, as well as the growing expertise and de-stigmatization of mental health disorders.
Moreover, the COVID-19 also brought attention to how crucial mental health care is. Thus, the post-pandemic healthcare environment is fueling the growth of the mental health software market with tremendous development and innovation as patients and providers alike look for scalable, dependable, remote treatment choices.
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Scope of the Report and Mental Health Software Market Segmentation
By Component
-Support Services
-Software
–Integrated
–Standalone
By Function
-Clinical Function
–Electronic Health Records (EHR)
–Clinical Decision Support (CDS)
–Care Plans
–E-Prescribing
–Telehealth
-Administration Function
–Patient/Client Scheduling
–Document Management
–Case Management
–Business Intelligence (BI)
–Workforce Management
-Financial Function
–Revenue Cycle Management
–Managed Care
–Accounts Payable/General Ledger
–Payroll
By Delivery Model
-Subscription Model
-Ownership Model
- The mental health software industry is dominated by the subscription model segment with the largest market share.
By Disorder Type
-Depression
-Anxiety Disorder
-Bipolar Disorder
-Schizophrenia
-Substance Abuse Disorder
-Autism Spectrum Disorder (ASD)
-Others
By End User
-Community Clinics
-Hospitals
-Private Practices
-Payers
-Patients
Top leading companies in the Mental Health Software Market includes:
Cerner Corporation, BestNotes, TherapyNotes, LLC, Epic Systems Corporation, Core Solutions, Inc., Meditab Software, Inc., Netsmart Technologies, Allscripts Healthcare Solutions, Inc., Accumedic Computer Systems Inc., AdvancedMD, Inc., TheraNest, Qualifacts Systems, Inc., Welligent, Valant, Nextgen, and others
Mental Health Software Market Development
- 2024: The newest in Core Solutions, Inc.’s (Core) line of cutting-edge artificial intelligence (AI) products, Core Clinician Assist: SDOH Tracking, was just released. The SDOH Tracking tool leverages artificial intelligence (AI) to evaluate big datasets, pinpoint SDOH-related problems (such as health-related social needs, or HRSN), and provide care management teams and physicians with immediate access to actionable data at the point of treatment.
- 2024: The Office of the National Coordinator for Health Information Technology (ONC) Certification has been obtained by the TheraOffice® electronic medical record (EMR) and practice management software, according to Netsmart, a top supplier of healthcare technology solutions and services for community-based providers.
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Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
- North America holds the largest market share in the mental health software industry.
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