The global behavioral health software market is expected to


Pune, India, December 24, 2021 (GLOBE NEWSWIRE) – The global behavioral health software market is valued at USD 5,660.8 million, showing a CAGR of 18.4% over the forecast period, according to a recent analysis by market carried out by Quince market overview. The behavioral health software market helps physicians and many other professionals who help them manage their clinical, administrative, and operational workflows. The software also tracks patient cases and their outcomes for management as well as adherence restriction. Behavioral health software deals with the scientific study of the anthropology of patients and is associated with mental health well-being, which is the basis of self-emotions, behavior, and the ability to perform daily activities. This type of anxiety and stress is tracked by behavioral health software.

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Behavioral health software is the source that facilitates communication between patients and providers and its enhanced real-time functionality enables healthcare professionals to work effectively on patient progress reporting. The system maintains the confidentiality of patient information, especially with regards to mental health and addiction. Behavioral care providers will reduce the cost of treatment by providing value-based medicine programs, thereby avoiding hospital readmissions.

The main drivers of market development are the growing demand for cost-effective solutions due to concerns about the costs of delivering healthcare, eliminating manual errors, faster information collection, access and analysis. The benefits of information management, such as informed decision making, translate into improvements in performance as well as return on investment.

The high cost of installation, as well as maintenance, lack of manpower, the digital divide, limited reimbursement for mental health care, the challenges faced in terms of information security as well as privacy, are the major restraining factors in the global behavioral health software market.

Some important market developments considered in the report:

  • In September 2019, Qualifacts Systems launched a software solution that is expected to be installed on mobile to help track progress in worker behavioral health.
  • Medicare has offered innovative diagnostic codes for reimbursement of tele-mental health services in various states in the United States.
  • In August 2019, Cantex Caring Networks collaborated with Dakon Lutheran Social Ministries.
  • In April 2019, Plum Healthcare partnered with Netsmart, an advanced system to improve integrated care in retirement homes.

Impact of COVID-19 on the global corporate wellness market
The QMI team is closely monitoring the impact of COVID-19 on the global behavioral health software industry, and it has been observed by our team that the demand for medical examinations is normal during the pandemic period. It should increase sharply during the analysis period. To control the spread of the pandemic, many countries around the world have enforced strict lockdown standards, hampering all kinds of business activity. The coronavirus pandemic has severely affected the mental health of workers. With the onset of the COVID 19 pandemic, it has been observed that there has been an increase in anxiety, stress, frustration, and depression among people, which may increase the prevalence of problems with Mental Health. Thus, the increasing mental health population will boost online diagnostic and treatment platforms which ultimately drive the behavioral health software market.

Global Behavioral Health Software Market, By Component

On the basis of component, the global behavioral health software market is segmented into support services and software. Among these, the support services segment is the largest growing market due to the growing need for support services such as maintenance and upgrades.

Global Behavioral Health Software Market, By Delivery Model

On the basis of the delivery model, the global behavioral health software market is segmented into subscription models and ownership models. The subscription model is expected to hold the largest share of the market as many healthcare professionals associated with the behavioral health software market are reluctant to spend the money.

Global Behavioral Health Software Market, By Feature

On the basis of functionality, the global behavioral health software market is segmented into clinical functionality, administrative functionality, and financial functionality. Of these, the clinical functionality segment holds the largest market share due to increasing pressure from government initiatives to increase the adoption of behavioral health software by clinicians in order to deliver quality care to patients. affordable costs.

Global Behavioral Health Software Market, By End User

Based on the end user, the global behavioral health software market is segmented into community clinics, providers, hospitals, private practices, payers, and patients. The community clinic segment is the fastest growing market due to the increasing number of government initiatives that will lead to the adoption of behavioral health software.

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Global Behavioral Health Software Market, By Region

Based on the region, the global behavioral health software market is segmented into North America, Europe, Asia-Pacific, Middle East, Africa, and South America. North America is expected to dominate the market due to the increasing number of behavioral health software services as well as government funding for the same in this region.

Some of the key findings of the Behavioral Health Software Market report include:

  • An in-depth overall analysis of the Behavioral Health Software market by segments along with insights and factor analysis based on trends.
  • Profiles of the major market players operating in the global Behavioral Health Software Market, which include Advanced Data Systems, AdvancedMD, Cerner, Compulink, Core Solutions, Credible Behavioral Health, Kareo, Meditab Software, Mindline, Netsmart, Nextgen Healthcare, The Echo Group, Valant, Welligent, Cure MD, Epic systems corporations, Accumedic, Mediware, Allscripts

Browse key industry information from the report, Behavioral Health Software Market, by component (support services and software), by delivery model (subscription models, ownership models), by functionality (clinical functionality, administrative functionality, financial functionality), by end user (community clinics, providers, hospitals, private practices, payers, patients), by region (North America, Europe, Asia-Pacific, Middle East and Africa, South America “ an in-depth analysis with the table of contents (ToC).

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