The report ‘Global behavioural Health Software Market by product (software and support services), mode of access (desktops/laptops and tablets/smartphones), function (telehealth, payroll, revenue cycle management, ledger, business intelligence, electronic health records and clinical decision support), and region (North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa) – Global Forecast to 2030’. In 2020, the Global Behavioural Health Software had its market share valued at USD 2.16 billion. In 2030, the market is expected to be valued at USD 7.61 billion, with a 13.39% CAGR.
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Key Factors Augmenting the Market Growth
Some of the necessary factors that assist in driving the overall growth of the market worldwide are the increase in the number of behavioural health issues and the increasing adoption of behavioural health software.
By mode of access, the desktops/laptops segment dominated the mental health software market, accounting for over 67% share of the overall market in 2021
The behavioural health software is divided into desktops/laptops and tablet/smartphone segments based on the mode of behaviour. Due to the size of a desktop/laptop, components, and less restrictive power requirements, the desktop/laptop segment has dominated the behavioural health software market.
The support services category is estimated to have the greatest proportion of the behavioural health software market.
The behavioural health segment can be divided into software and support services segments based on product. The recurrent need for support services (software upgrades and maintenance) is primarily driving its expansion.
The business intelligence segment leads the mental health software market by function, accounting for almost 33% of the market share in 2021.
By function, the behavioural health software market is divided into telehealth, payroll, revenue cycle management, ledger, business intelligence, electronic health records and clinical decision support. Due to the increased application of business intelligence in remote healthcare, patient safety and cost management, the business intelligence segment has dominated the market.
The largest Behavioural Health Software Market is the North American region, accounting for more than 45% in 2021.
The behavioural health software market is divided into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa regions. The largest Behavioural Health Software Market is the North American region, accounting for more than 45% in 2021. The US behavioural health market size was at $90.5 billion in 2020. However, the fastest-growing behavioural health software market in the Asia Pacific is projected to expand at an approximate CAGR of 8% ten years down the line.
Key Players Existing in the market.
The main competitors in the Global Behavioural Health Software Market include DrChrono, ClinicSour, AdvancedMD, Inc., ChartLogic, Cerner, Epic Systems, Athenahealth, inc., Allscripts, eClinicalWorks, CareCloud, Compulink, Netsmart, MediTab, Kareo, and M&M Behavioural Health Solutions.
Recent Developments