Absolute Markets Insights offers latest published report ‘Mental Health Software Market by Component (Support Services and Software); by Software (Integrated Software and Standalone Software); by Delivery Model (Subscription Models and Ownership Models); by Functionality (Clinical Functionality, Administrative Functionality and Financial Functionality); by Clinical Functionality (Electronic Health Records (EHR), Clinical Decision Support (CDS), Care Plans/Health Management, E-Prescribing and Telehealth); by Administrative Functionality (Patient/Client Scheduling, Document/Image Management, Case Management, Business Intelligence (BI) and Workforce Management); by Financial Functionality (Revenue Cycle Management, Managed Care, Accounts Payable/General Ledger and Payroll); by End User (Providers, Community Clinics, Hospitals, Private Practices, Payers and Patients); by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 – 2026

Pune, India -- (SBWire) -- 11/07/2018 --Mental health software is used to record and manage mental, behavioral, addiction treatment & date of patients. The software is designed to help the social and community services, by serving patient care in management of behavioral health, medications, depression, substance abuse diagnostic assessments and other health managements. The typical mental health software manages the patient records, cases and treatments, general practice, medications, and administrations. The Global Mental Health Software Market, in terms of revenue, was valued at US$ 1348.1 Mn in 2017 and is expected to reach US$ 2586.4 Mn by 2022.

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Mental illness is one of the largest cause of disability in UK. It is anticipated that the economic cost of mental illness could be reduced by greater focus on mental health prevention and promotion, coupled with early diagnostics and interventions. Moreover, increasing use of technology enabled care has implications for healthcare providers. For instance, care provided via using digital communications such as, e-visits, remote monitoring and e-prescriptions. Hence the areas of high unmet need that traditional approaches have struggled to address such as mental health will be tremendously promoted with the improving digitalization

The number of mental health apps has increased in past few years as the digital technology can support new ways of working with people at risk of suffering from mental health problems. Difficulty in integration and other technical challenges in software implementation are hampering the market growth. Moreover, growing emphasis on subscription model and potential for mental health software in emerging market is anticipated to offer lucrative growth opportunities to the global mental health software market during the forecast period.

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Clinical Functionality is Projected to be the Dominant Segment During the Forecast Period, 2018 - 2026
Among functionality, clinical functionality is expected to capture the largest market share. The rising adoption of clinical functionality software by hospitals and clinicians to provide smooth accessibility to the healthcare system is expected to drive the growth of segment in the global market over the forecast period.
Increasing Adoption of Mental Health Software is anticipated to Drive the Market in North America
North America is estimated to capture the largest market share in mental health software market. This region is mainly driven by the factors such as increasing government support to widen behavioral health science, behavioral health reforms and increasing number of patients opting for behavioral health sciences. Moreover, increase in adoption of behavioral health issues, rise in number of patients with the mental disorders and high awareness among the people are expected to drive the North America market in coming years.

Mental Health Management Software Market is Fragmented with the Presence of Global and Regional Players
Some of the key participants in global mental health software market are Cerner Corporation, Netsmart Technologies Inc., Core Solutions, Inc., The Echo Group, Valant Medical Solutions Inc., Welligent, Inc., Qualifacts Systems, Inc., Credible Wireless, Inc., Meditab Software, Inc., Kareo, Inc., Compulink, Advanced Data Systems, MindLinc (Holmusk) and Nextgen healthcare amongst others. In July 2017, Northern Tier Counseling announced an agreement with Qualifacts Systems, Inc a leading technology and services provider of electronic health records (EHR) for behavioral health and human services organizations. Northern Tier Counseling will use Qualifacts' EHR platform, CareLogic, as its Meaningful Use Certified EHR platform.

Market By Component

Support Services
Software
Integrated Software
Standalone Software
Market By Delivery Model
Subscription Models
Ownership Models
Mental Health Software Market – By Functionality
Clinical Functionality
Electronic Health Records (EHR)
Clinical Decision Support (CDS)
Care Plans/Health Management
E-Prescribing
Telehealth
Administrative Functionality
Patient/Client Scheduling
Document/Image Management
Case Management
Business Intelligence (BI)
Workforce Management
Financial Functionality
Revenue Cycle Management
Managed Care
Accounts Payable/General Ledger
Payroll
Market By End User
Providers
Community Clinics
Hospitals
Private Practices
Payers
Patients

Mental Health Software Market – By Region
North America
U.S.
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Middle East and Africa
GCC Countries
Southern Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America