The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033.
The Behavioral and Mental Health Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Behavioral and Mental Health Software Global Market Report 2024, The behavioral and mental health software market size has grown rapidly in recent years. It will grow from $4.69 billion in 2023 to $5.57 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to research and evidence-based practices, increased awareness, shift to value-based care, mental health crisis and demand surge, government initiatives and policy changes, covid-19 impact.The behavioral and mental health software market size is expected to see rapid growth in the next few years. It will grow to $10.68 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%.
The rising prevalence of mental illnesses is expected to drive the demand for the behavioral and mental health software market. Mental illnesses are disorders that affect the way a person thinks, feels, behaves, or perceives the world, often leading to difficulties in functioning in social, job, or family activities. Behavioral and mental health software introduces new ways of thinking by addressing incorrect assumptions and modifying erroneous perceptions.
For example, a survey published by the National Health Service in November 2022 revealed that approximately 18.0% of children aged 7 to 16 and 22.0% of young individuals aged 17 to 24 were identified with a potential mental disorder in 2022. Among young people aged 17 to 19, the prevalence of a probable mental disorder increased from 17.4% in 2021 to 25.7% in 2022. The surveyed population included 2,866 children and young individuals. As mental health issues continue to rise, the demand for behavioral and mental health software is expected to grow.
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The behavioral and mental health software market covered in this report is segmented –
1) By Component: Support Services, Software
2) By Type: Clinical Software, Financial Software, Administrative Software, Other Types
3) By Delivery Model: Subscription Model, Ownership Model
4) By End-Users: Community Clinics, Hospitals, Private Practices
Top Major Players
Accumedic Computer Systems Inc.,
Advanced Data Systems Corporation,
AdvancedMD Inc.,
Netsmart Technologies Inc.,
Compulink Healthcare Solutions Inc
The behavioral and mental health software market report table of contents includes:
1. Executive Summary
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List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Behavioral and Mental Health Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Behavioral and Mental Health Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Behavioral and Mental Health Software Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Accumedic Computer Systems Inc. Financial Performance
Table 76: Advanced Data Systems Corporation Financial Performance
Table 77: AdvancedMD Inc. Financial Performance
Table 78: Netsmart Technologies Inc. Financial Performance
Table 79: Compulink Healthcare Solutions Inc. Financial Performance
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