USD 2.81 Billion
Mental Health Software Market Size, Share, Growth Analysis, By Component(Software and Services), By Delivery Model(Ownership and Subscription), By Functionality(Clinical, Administrative, and Financial), By End-User(Hospitals & Clinics, Community Centers, and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2934 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
113
|Figures:
70
Mental Health Software Market Insights
Mental Health Software Market size was valued at USD 3.1 Billion in 2023 and is poised to grow from USD 3.48 Billion in 2024 to USD 8.98 Billion by 2032, growing at a CAGR of 12.3% during the forecast period (2025-2032).
Mental disorders significantly impact global health, significantly affecting many populations worldwide. According to the World Health Organization (WHO), an estimated 1 billion people worldwide suffer from depression. This figure represents about 13% of the world’s population. Mental disorders include a wide range of conditions including depression, anxiety, depression and schizophrenia. These problems can vary in severity and can have a profound effect on an individual’s life, relationships, and overall well-being.
Furthermore, technological advancements and increasing adoption of digital healthcare solutions have contributed to the growth of the global mental health software market. Mental health software offers various products and services, including electronic health records (EHRs), telepsychiatry, appointment scheduling, clinical decision support systems, and data analytics. These tools enable mental health professionals to streamline their workflow, increase patient engagement and improve clinical outcomes.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Providers
Fastest Growth
Patient
Growth Rate
12.3% CAGR
Global Mental Health Software Market ($ Bn)
Country Share for North America Region (%)
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Mental Health Software Market Segmental Analysis
The global mental health software market is segmented based on component, delivery model, functionality, end user, and region. Based on component, it is bifurcated into software and services. Based on delivery model, the market is categorized into ownership and subscription. Based on functionality, it is classified into clinical, administrative, and financial. Based on end user, it is classified into hospitals & clinics, community centers, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, Latin America and MEA.
Analysis by End-Use
Providers segment is dominating the market. Based on end-user applications, providers accounted for more than 51.7% of the market revenue share by 2022. The mental health management software and services market is segmented into providers, 2022; payers, and patients. The limited number of mental health specific EHR providers increases demand for software providers. On the other hand, the premiums segment can witness a compounded annual growth rate (CAGR) of 13.96% during the forecast period owing to improved premiums. Medicare provides insurance for telepsychiatric services.
The patient segment is estimated to witness a profitable growth at a compound annual growth rate (CAGR) of 12.81% in the coming years. Furthermore, rising anxiety and stress, increasing availability of mobile apps and advanced internet are fueling the growth of this sector, the shift towards digital health could augur well for the expansion of the sector.
Analysis by Component
The software segment dominated the market with a share of 83.3% by 2022. Increased use of technology solutions to manage financial, administrative and clinical functions of mental health practices drives the segment growth. EHR systems have included an affordable combination of claims and billing functionality can manage multiple channels, and its mobile version enables patients to access services. Software provides revenue cycle management to provide claims process is simple. These solutions enable healthcare providers to develop and choose the best treatment plan for a person with depression, stress, anxiety, substance abuse, and addiction They help develop a stable treatment plan on clinical evidence and relevant patient records.
Integrated software is the fastest growing segment in the market. The section is further divided into integrated and independent. In integrated software, all the functions are combined in a single package. Services can vary from scheduling, billing and claims management, e-prescribing, telehealth, payroll, etc. Stand-alone solutions cater to a single function and are preferred by smaller organizations. Support services include maintenance and support required for software solutions.
Global Mental Health Software Market By End-Use (%)
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Mental Health Software Market Regional Insights
North America is the largest mental health software market, driven by the high prevalence of dementia, particularly in the United States. By 2022, the region’s revenue in the mental health software market is $1,280.57 Million. This market is expected to grow at a gradual rate of compound annual growth rate (CAGR) of 11.9% in the coming years. The United States contributes significantly to the growth of the global mental health software market. The country has a huge burden of mental health, and it’s huge. It is estimated that about 1 in 5 adults in the United States suffers from mental illness each year.
Asia-Pacific is expected to register the highest CAGR at a compound annual growth rate (CAGR) of 13.38% during the forecast period. Rising smartphone internet penetration and growing elderly population in China and Japan are expected to fuel the growth of the region. Asian countries such as China and India have a large smartphone user base, providing huge opportunities for market penetration.
Global Mental Health Software Market By Geography
- Largest
- Fastest
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Mental Health Software Market Dynamics
Drivers
Rise in the Strong Emphasis on Mental Health Awareness and Treatment
- Social attitudes towards mental illness have changed dramatically in the past decade. Governments, organizations and communities recognize the importance of preventing mental health issues and providing appropriate support. This growing awareness has led to funding and programs aimed at improving mental health services, including the adoption of dementia software. The recognition of mental health as an important component of overall well-being has led to a market demand for mental health software that streamlines workflow, increases patient engagement and improves treatment outcomes. Its increasing focus on psychiatry awareness and treatment is expected to further fuel the growth of the market in the coming years.
Increasing Introduction of Products
- The increasing introduction of products in behavioral health and electronic health records is expected to increase the adoption of these products, driving the growth of this segment. For example, in January 2022, Core Solutions launched a fundamental change to its flagship product, the Cx360 behavioral health EHR system. The platform has been updated to include a variety of new features and modern and efficient user interfaces to improve quality of care and payment. Additionally, in March 2022, NextGen Healthcare, Inc. will have 1,000 shares. by 0.0%. unveiled the latest NextGen Behavioral Health Suite. Built on the company’s award-winning NextGen Enterprise EHR and practice management system, the suite is a place to integrate physical, behavioral health, human services, and comprehensive dental health into a single software solution.
Restraints
Data Privacy and Security Issues
- One of the major challenges in the global mental health software market is data privacy and security concerns. Mental health information is highly sensitive and confidential and contains individual medical information. The widespread use of digital solutions and electronic health records (EHRs) in mental health settings has raised concerns about protecting patient data. Data security breaches can have serious consequences, including unauthorized disclosure of sensitive information and potential loss of personal privacy.
Financial Crisis
- A major challenge for healthcare organizations, especially in emerging economies, is overcoming financial barriers. However, the breadth of data collection is proving so important that IT infrastructure is beginning to form the backbone of healthcare organizations. Currently, behavioral health software solutions are expensive software solutions. Sometimes the cost of maintenance and software upgrades for these systems can exceed the actual value of the software. Support and maintenance services, including updating software for their changing needs, represent a recurring cost that can account for up to 30% of the total cost of ownership. This makes it difficult for behavioral health organizations to justify the cost, at least in the short term, when adopting EHRs. The focus is on the implementation and improvement of RCM systems.
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Mental Health Software Market Competitive Landscape
The mental health software market is moderately competitive, with many key players. Marketers are adopting several strategies, such as partnerships and collaborations, increased acquisitions and mergers, and innovation. Such trends in the mental health software market are expected to drive significant market growth in the coming years. Key market players in the global behavioral/mental health software market include Accumedic, BestNotes, Oracle Corporation (Cerner Corporation), Welligent Inc. and others.
Top Player’s Company Profiles
- Cerner Corporation
- Epic Systems Corporation
- Netsmart Technologies, Inc.
- Allscripts Healthcare Solutions, Inc.
- NextGen Healthcare, Inc.
- Qualifacts Systems, Inc.
- MindLinc
- Core Solutions, Inc.
- AdvancedMD, Inc.
- Valant Medical Solutions, Inc.
- Meditab Software, Inc.
- Welligent, Inc.
- Other Prominent Players
Recent Developments
- October 2022: Subscription-based mindfulness app Calm makes its first foray into Calm Health, a hospital and mental health service. Quiet Health has condition-specific programs designed to bridge the gap between mental and physical health services.
- September 2022: San Francisco-based Osmind upgrades its electronic health record system for a mental health clinic and integrates Zoom virtual visits into its technology platform as part of the company’s compliant ISV partner program.
- In January 2021, Netsmart acquired GPM, a software-as-a-service technology company based in North Carolina. This will help Netsmart deliver communications data sharing between long-term care facilities and providers on its Care Fabric platform.
Mental Health Software Key Market Trends
- Integrating Structural and Machine Learning: An emerging trend in the global mental health software market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. This advanced technology has the potential to revolutionize mental health diagnosis, treatment and patient care. AI and ML algorithms can analyze large amounts of data, identify patterns, and provide valuable insights for mental health professionals. They can help diagnose dementia early, tailor treatment plans, and monitor a patient’s progress. They are individuals who have experienced mental illness and immediate support and guidance and have been in mental health software and AII and ML are influenced by the use and effectiveness of mental health services. The future is expected to shape the future, as many institutions are healthcare providers recognizing the potential of AI and ML technologies in transforming mental health care delivery.
Mental Health Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Government funds for nutrition, mental health and adoption accidents in the United States, psychological rehabilitation, psychotherapy and facilities. Concerns about data breaches and unauthorized access may prevent some healthcare providers and patients from fully embracing digital mental health solutions. As environmental concerns increased, there was a trend to develop sustainable and energy-efficient mental health software. To reduce carbon emissions and reduce environmental impact, manufacturers focused on environmentally friendly products and designs.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.81 Billion |
| Market size value in 2031 | USD 8.00 Billion |
| Growth Rate | 12.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| 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 |
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| 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 Mental Health 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 Mental Health 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 Mental Health 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 Mental Health 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 Mental Health Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mental Health 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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