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Behavioral Health Software Market worth $1.5 Billion by 2019
MarketsandMarkets Presents Behavioral Health Software Market worth $1.5 Billion by 2019
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The “Behavioral/Mental Health Software Market by Delivery Mode (Ownership & Subscription), Functionality (EHR, CDS, Telehealth, Payroll, RCM, Ledger, BI, Workforce & Case Management), End User (Hospitals, Clinics, Health Plans, Residential) - Forecasts to 2019” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the behavioral health software market along with the estimates and forecasts of the revenue and share analysis. Browse 197 market data tables 53 figures 200 Pages And in-depth TOC on “Behavioral/Mental Health Software Market” Ask For The PDF Brochure: The global behavioral health software market is expected to reach $1.5 billion by 2019 from $0.75 billion in 2014, growing at a CAGR of 14.7% from 2014 to 2019.
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The report segments this market on the basis of component, delivery model, functionality and end user. Among various end users, the providers segment is expected to account for the largest share in Providers extensively use this software for maintaining patient records and management of revenue cycles and cases, which is a major reason for its high share. The residential end user segment is expected to grow at the highest CAGR from 2014 to 2019, due to the increasing use of behavioral health solutions by patients in their homes or offices for better self-care. Get The Sample Copy Of This Report: The mental health software market by component is divided into software and support services. Support services account for the largest share in this market, primarily due to the recurring requirement for these services for software up-gradation and maintenance. The software market is divided into integrated and standalone software. The adoption rate of integrated software is higher as they are user-friendly and integrated with different functionalities, thereby reducing overall cost.
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Source: Annual Reports, SEC Filings, Investor Presentations, Press Releases, Healthcare Information Management System Society (HIMSS), European Coordination Committee of the Radiological Electrometrical and Healthcare IT Industry (COCIR), American Health Information Management Association (AHIMA), National Alliance on Mental Illness, Substance Abuse and Mental Health Services Administration, Healthcare IT News, Expert Interviews, and MarketsandMarkets Analysis Based on geography, the global behavioral health software market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). North America is expected to account for the largest share of the market by the end of The growth of this market is driven by factors such as increasing government support for expanding behavioral health services, behavioral health reforms, and rising patient base seeking behavioral health services. Key players in the behavioral health software market include Netsmart Technologies (U.S.), Qualifacts (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), MindLinc (U.S.), Credible Behavioral Health Software (U.S.), Accumedic (U.S.), Askesis Development Group, Inc. (U.S.), BestNotes (U.S.), Valant Medical Solutions, Inc. (U.S.), Welligent, Inc. (U.S.), and NextGen Healthcare (U.S.), amongst others.
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About MarketsandMarkets:
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
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