Global Mental Health Software to surpass USD 5.5 billion by 2030 from USD 2.01 billion in 2020 at a CAGR of 12.03% in the coming years, i.e., 2021-30. Factors such as surge in adoption of mental health software, increasing government funding and initiatives to promote EHR adoption in behavioral health organizations, favorable behavioral health reforms in the US, and high demand for mental health services amidst provider scarcity are driving the growth of global market.
“Mental health software is designed to help in managing mental health, behavioral health, or addiction treatment practice more efficiently. This software is commonly used to assist in the management and maintenance of electronic or digital records, cases and treatments, general practice, medication, and patient administration. Billing, appointments, and bed management are all handled by the software, which makes the business run smoothly. Additionally, it can be used for case management and outcome management. The availability of different forms of behavioral health applications in the market that assists clinics in their operations is encouraging users to use it.”
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Key Players in the Market
Advanced Data Systems (US), AdvancedMD (US), Cerner (US), Compulink (US), Core Solutions (US), Credible Behavioral Health (US), Welligent (US), Valent (US), The Echo Group (US), Kareo (US), Meditab Software (US), Qualifacts., and Other Prominent Players.
- Rising incidences of mental disorders
- Increasing popularity of Subscription Model
- Concerns related to data security
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Mental Health Software Market – Geographical Analysis
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
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