Behavioural Healthcare Software Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Behavioural Healthcare Software Market: By Function (Clinical Functionality, Administrative Functionality, and Financial Functionality), By Solution (Software (Integrated Software and Standalone Software) and Services), By End User (Community Clinics, Hospitals, Private Practices, and Others), and Geography

 

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Report

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.

Behavioural Healthcare Software Market

MARKET SUMMARY
-
11.7% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 11.7%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Behavioural Healthcare Software Market

  • The behavioural healthcare software market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The behavioural healthcare software market is segmented based on function, solution, end user, and geography.
Key Players
  • Welligent
  • BestNotes
  • AdvancedMD, Inc.
  • NXGN Management, LLC.
  • Advanced Data Systems
Behavioural Healthcare Software Market

Dynamics

Government funding for behavioral health services increased the adoption of behavioral health software, and increased instances of anxiety, fear, depression, and frustration because of the pandemic situation are driving the need for efficient solutions from the global behavioral health software market.


North-America Got Significant Share

Behavioural Healthcare Software Market

The behavioral healthcare software market in North America is likely to hold the highest revenue share in 2021. The rising population in need of behavioral health services, behavioral health reforms in the United States, and government funding for behavioral health services in the region contribute to the region's large share of this geographical segment. In addition, Europe is the fastest-growing market accounting due to expanding demand increase in access to behavioral health care, a rise in the incidence of behavioral disorders, and government initiatives for increasing awareness about behavioral health.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Behavioural Healthcare Software Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Behavioural Healthcare Software Market is projected to expand at a CAGR of 11.7 % during the forecast period.

AdvancedMD, Inc., Welligent, NXGN Management, LLC., Advanced Data Systems

Asia-Pacific is the fastest-growing region for Behavioural Healthcare Software Market


Report

Company Profile

  • Cerner Corporation
  • Accumedic Computer Systems, Inc.
  • BestNotes
  • Credible Behavioural Health Software
  • Welligent
  • NXGN Management, LLC.
  • Advanced Data Systems
  • AdvancedMD, Inc.

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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