Number of covered lives is growing faster than the availability of services to treat them – creating compelling investment opportunities, as demand is significantly outstripping services supply, 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 are the market drivers of behavior/mental health software market. However, data privacy issues, shortage of skilled psychiatrists, healthcare IT professionals and lower approach to behavioural health EHRs tends to hinder the target market.
Global Behavioral/Mental Health Software Market 2024
According to Goldstein Research, behavioural/mental Health Software Market size is set to reach USD 2.35 billion by 2024, at a CAGR of 13.49% over the forecast years owing to ability to retrieve pharmacy, laboratory and radiology data observations on the patients been treated.
Geographically, US has the largest market for behavioural/mental Health software and acquires the market share of 68.6% of North America behavioural/mental health software market due to number of unprecedented changes have occurred in the behavioural health market that is spurring anticipated growth and expected consolidation in the industry in the forecast period.
Metrocare Partners with Netsmart to Push Boundaries of Technology Enablement in Behavioral Health
The main motive behind the partnership between Metrocare Services and Netsmart is deeply integrated advanced version of behavioural healthcare, where Netsmart is supposed to serve as the technology solutions and service provider for all the segments of clinical operations of Metrocare. Moreover, Metrocare will utilize the Netsmart EHR platform for the advancement to establish the technology strategies in behavioural health and Netsmart suite of solutions to support mental health, substance use, intellectual/developmental disability, early childhood intervention and primary care programs across the world.
Behavioral/Mental Health Software Market report contains a detailed overview of the global behavioural/mental health software market in terms of market segmentation by delivery mode, functionality and end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global behavioral/mental health software market report also provides competitive outlook for some of the major players which includes profiling of companies such as 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, Qualifacts, Credible Behavioral health software, Accumedic, Askesis Development Group Inc, Inc, BestNotes, Welligent Inc and NextGen Healthcare. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global behavioural/mental health software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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