Description
Behavioural Healthcare Software Market Size is estimated to be valued at USD 2,342.6 Million in 2022 and is expanded to grow at a significant CAGR of 11.7 % over 2022-2028. The focus of healthcare providers on delivery of healthcare, behavioral health modifications, increased government support for the enhancement of healthcare services, new products and service launches, and collaborations among market players are rapidly propelling the overall market’s growth. Because of the rising prevalence of mental disorders worldwide, there is a growing demand for EHR explicitly designed for mental health. A specialty-specific EHR benefits medical staff and patients involved in behavioral/mental health management. Specialty healthcare providers, such as mental health and behavioral health providers, have begun to demand electronic health records (EHR) tailored to their specific needs over time. In a few cases involving medical EHRs, robust and well-designed modules are used to focus on their specialty. Emerging markets such as South America, Asia Pacific, and the Middle East and Africa are projected to augment growth opportunities for behavioral health software market participants.
Recent Market Developments:
In February 2021, Netsmart acquired GPM, a North Carolina-based Software-as-a-Service technology and services company. This will help Netsmart’s CareFabric platform deliver interoperable data sharing between long-term care facilities and providers.
In July 2020, Cerner (US) collaborated with Nuance Communications, Inc. (US). This long-standing collaboration aimed to integrate Nuance’s virtual assistant technology into Cerner Millennium.
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