USD 4.74 billion
Behavioral Mental Healthcare Software Market Size, Share, Growth Analysis, By Component(Software (Integrated, standalone), Support Services), By End-use(Providers (Hospitals & Clinics, Community Centers), Payers, Patients), By Function(Clinical (EHRs, Clinical Decision support, Care Plans, E-prescribing), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35G2129 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
102
|Figures:
76
Behavioral Mental Healthcare Software Market Insights
Behavioral Mental Healthcare Software Market size was valued at USD 5.52 Billion in 2023 and is poised to grow from USD 6.41 Billion in 2024 to USD 21.26 Billion by 2032, growing at a CAGR of 16.2% during the forecast period (2025-2032).
The market size is boosted due to increase in the government funding, adoption of mental health software, government initiative to promote EHR adoption in psychiatry hospitals and facilities, and high demand for mental health services. To improve the treatment of mental wellbeing issues, the healthcare provider adopts management software. Also, the adoption of integrated EHRs can help behavioral health practices in effective practice management and cost-saving. Even at distant locations Tele-mental health involves coordinating with patients via video conferencing. The real-time monitoring system facilitates the connection between patients and care providers by removing barriers such as information sharing and confidentiality, which are particularly prevalent in substance abuse situations.
The improvement of care’s effectiveness and efficiency is contributed by Integrated modern technologies with established therapy modalities. Governments are particularly concerned about high healthcare expenditures associated with the treatment of behavioral health-related disorders. About 264 million individuals of all ages are affected by depression, it is a prevalent condition worldwide. According to the Lancet Commission research, the global cost of mental illness treatment was USD 2.5 trillion in 2019 and is expected to reach USD 6 trillion by 2031. Economic costs are mostly a result of the early onset of mental diseases and lost productivity, with an anticipated 12 billion working days lost every year.
US Behavioral Mental Healthcare Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Software
Fastest Growth
Software
Growth Rate
16.2% CAGR
Global Behavioral Mental Healthcare Software Market ($ Bn)
Country Share for North America Region (%)
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Behavioral Mental Healthcare Software Market Segmental Analysis
Behavioral Mental Healthcare Software Market is segmented based on Component, End-use, Function and region. Based on Component the Behavioral Mental Healthcare Software Market is divided into Software (Integrated, Standalone), Support Service. On the basis of End-use, Behavioral Mental Healthcare Software Market is segmented as Provider (Hospitals & Clinics, Community Centers) Payers, Patients. On the basis of Function, Behavioral Mental Healthcare Software Market is segmented as Clinical (EHRs, Clinical Decision support, Care Plans, E-prescribing, Telehealth), Administrative (Patient/Client scheduling, Document Management, Case Management, Workforce Management, Business Intelligence), Financial (Revenue Cycle Management, Manage Care, General Ledger, Payroll). Based on the Region Behavioral Mental Healthcare Software Market is segmented as North America (USA, Canada), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia Pacific (Japan, China, India, Australis, South Korea, Thailand, Malaysia), Middle East and Africa (South Africa, Saudi Arabia, UAE), Latin America (Brazil, Mexico, Argentina).
Behavioral Mental Healthcare Software Market Analysis by Component
Based on Component the segment is divided into Software (Integrated, Standalone), Support Service. The software segment dominated the market with a share of 83.0% in 2021. The market growth is facilitated by increasing adoption of technology solutions for the management of financial, administrative and clinical functions of psychiatry practices is responsible for the segment growth. The software provides revenue cycles management to streamline the claim process. Integrated software has all the functionalities combined in one single package. The Standalone solution caters to single functionality and is preferred by small organizations.
Behavioral Mental Healthcare Software Market Analysis by End-Use
On the basis of End-use, it is segmented as Provider (Hospitals & Clinics, Community Centers) Payers, Patients. Based on end-use, providers accounted for over 52.1% of the market revenue share in 2021. The limited number of HER providers specific to mental care increases the demand for software suppliers. The payer segment is projected to witness growth of 13.96% compound annual growth rate (CAGR) in the forecast period. On the other hand, the patient segment is likely to witness the maximum compound annual growth rate (CAGR) of 12.81% during the coming year.
Behavioral Mental Healthcare Software Market Analysis by Function
On the basis of function, it is segmented as Clinical (EHRs, Clinical Decision support, Care Plans, E-prescribing, Telehealth), Administrative (Patient/Client scheduling, Document Management, Case Management, Workforce Management, Business Intelligence), Financial (Revenue Cycle Management, Manage Care, General Ledger, Payroll). Based on function, the clinical functions segment dominated the market in terms of revenue share in 2021 and is expected to maintain its prominent position in the market with a 3.9% compound annual growth rate (CAGR) through the forecast period.
Global Behavioral Mental Healthcare Software Market By Component
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Behavioral Mental Healthcare Software Market Regional Insights
North America dominates the Global Behavioral Mental health software market which accounts for a major share of the market studied in terms of revenue and is expected to maintain its position over the forecast period. North America held 41.8% of the market revenue share in 2021. In the U.S., Medicare provides reimbursement for telepsychiatry services, making the reimbursement scenario promising. Increasing awareness regarding mental health software has led to constant improvements in Medicare policies.
On the other hand, Asia Pacific is expected to register the highest CAGR of 13.38% compound annual growth rate (CAGR) during the forecast period. Increasing smartphone and internet penetration and the rising geriatric population in China and Japan are anticipated to fuel regional growth. Asian countries such as China and India have a large number of smartphone users, providing huge opportunities for the market to propel.
Global Behavioral Mental Healthcare Software Market By Region
- Largest
- Fastest
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Behavioral Mental Healthcare Software Market Dynamics
Behavioral Mental Healthcare Software Market Drivers
Rising Concerns about Mental Health to Bolster Market Growth
- The key concern of the government is formed by High healthcare costs for the treatment of behavioral health-related problems or mental illness. Globally depression is a common mental illness problem which is faced by all age group people. Most of the behavioral & mental health software is used to provide cognitive behavior therapy (CBT) which is an efficient treatment for various psychological issues such as anxiety disorder and mood disorders, among others.
Behavioral Mental Healthcare Software Market Restraints
Privacy Concerns to Hinder Market Growth
- The Privacy of data is the biggest concern for providers, in behavioral health. Behavioral health providers are not allowed to share information on patients suffering from some mental illness or substance abuse with any one who is not involved in treatment of a particular patient. Especially in emerging economies, financial constraints are the biggest challenge for healthcare organizations. Currently, behavioral health software solutions are relatively high-priced software solutions. The maintenance and software update costs of these systems may sometimes be more than the actual price of the software.
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Behavioral Mental Healthcare Software Market Competitive Landscape
The market is moderately competitive, and key players and government funding for behavioral health are the factors propelling the growth of the market studied. Key market players' major strategies include partnerships and collaborations, increased acquisitions and mergers, and increased product innovation. Such trends in the mental health software market are expected to result in massive market growth in the forthcoming years. Some of the key market players in the global behavioral/mental health software market include Accumedic, BestNotes, Cerner Corporation, Welligent Inc., Credible Behavioral Health Software, and NextGen Healthcare.
Behavioral Mental Healthcare Software Market Top Player's Company Profiles
- Cerner Corporation
- Epic Systems Corporation
- Netsmart Technologies, Inc.
- Allscripts Healthcare Solutions, Inc.
- NextGen Healthcare, Inc.
- Qualifacts Systems, Inc.
- Core Solutions, Inc.
- Valant Medical Solutions, Inc.
- Welligent, Inc.
- MindLinc, Inc.
- Meditab Software, Inc.
- Kareo, Inc.
- TheraNest, LLC
- SimplePractice, LLC
- Advanced Data Systems Corporation
- CureMD Healthcare
- Compulink Healthcare Solutions
- Raintree Systems, Inc.
- Therasoft Online, Inc.
- TotalMD
Behavioral Mental Healthcare Software Market Recent 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 to deliver interoperable data sharing between long-term care facilities and providers.
- In February 2021, Battery Ventures, a global investment firm, launched a new technology platform to help behavioral health and human services providers. This platform aimed to improve operational efficiencies. Such initiatives taken by the market players are anticipated to accelerate the market size.
- In December 2021, Qualifacts and Credible acquired InSync Healthcare Solutions, a leading provider of EHR and practice management software, revenue cycle management services for behavioral, medical and rehabilitative professionals. This acquisition allowed both organizations to deliver innovation, technology, customer support, and complementary solutions to enhance the behavioral health and human services market.
Behavioral Mental Healthcare Software Key Market Trends
- During the forecast period, the electronic health record segment expected to hold significant market share. As per healthcare professionals, managing behavioral mental health and treating addiction is very different from dealing with family medicine practices and practices dedicated to various specialties like cardiology, oncology, or pediatrics. Adding to the complexities of behavioral/mental health and addiction medicines is the fact that organizations can be run on an in-patient basis, partial in-patient basis, or strictly outpatient basis. Due to the increasing incidence of mental disorders across the world, the demand for EHR is increasing which is built specifically for mental health. As per world bank estimation in 2020, it was found that at least 10% of the population is affected with mental, neurological, and substance use disorders (MNS), and around 20% of children and adolescents suffer from some type of mental disorder globally every year. The medical staff and patients associated with behavioral/mental health management, makes a difference to specialty-specific EHR. A behavioral health EHR provides advanced capabilities that general practices do not need. With time, specialty healthcare providers, including mental health and behavioral health providers, have started to demand electronic health records (EHR) designed specifically for their needs.
Behavioral Mental Healthcare Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global behavioral mental healthcare software market analysis, The association between everyday cognitive behavior and mental and physical health is referred to as behavioral health. Behavioral health and mental health are typically used interchangeably. Behavioral health software can be characterized as custom-built, specialized software used by psychologists to assess behavioral patterns in patients and recommend treatment for a variety of behavioral conditions, including anxiety, stress, addiction, and depression.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.52 Billion |
| Market size value in 2032 | USD 21.26 Billion |
| Growth Rate | 16.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Behavioral Mental Healthcare Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Behavioral Mental Healthcare Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Behavioral Mental Healthcare Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Behavioral Mental Healthcare Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Behavioral Mental Healthcare Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Behavioral Mental Healthcare Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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