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| Mental Health Software Market |
The global mental health software market is
growing significantly, due to high potential of subscription model. During the
forecast period, the providers segment is expected to hold the largest share,
among all the end user segments of the global mental health software market,
due to its extensive use for maintaining patient records and management revenue
cycle. However, the residential segment is expected to grow with the highest
rate during the forecasted period, due to increasing use of behavioral/ mental
health solution by patients in their homes for better self-care.
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Some of the factors driving the growth of the
global market of mental health software are increasing government funding and
support to improve behavioral healthcare services, behavioral health
modifications, increasing healthcare expenditure, and increasing number of
people pursuing behavioral health support. In addition, the increasing
awareness among residential users and increasing adoption of electronic health
record systems are also driving growth of the global market. However, the lack
of data privacy, lack of skilled healthcare staff and physiatrists, difficulty
in integration, and low adoption rate of the software are some of the factors,
restraining the growth of the global mental health software market.
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Geographically, North America is expected to
dominate the global market in the coming years, due to increasing government
support and increasing patient base seeking behavioral services. Asia is
expected to be the fastest growing region, due to increasing healthcare
expenditure and increasing government initiatives and support within the region.
In addition, the market in Asia is growing, due to increasing awareness about
mental health software in the emerging countries, such as India and China.
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Some of the companies operating in the global
mental health software market are Epic Systems Corporation, McKesson
Corporation, Cerner Corporation, MindLinc, Allscripts,The Echo Group, Netsmart
Technologies Inc., Qualifacts Systems Inc., Practice Fusion, General Electric
Company, eClinicalWorks, Core Solutions Inc., Welligent Inc., and Valant Inc.
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