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Mental Health Software - Global Market Trajectory & Analytics

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    Report

  • 494 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140364

Global Mental Health Software Market to Reach $5.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Mental Health Software estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at a CAGR of 14.9% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 15.4% CAGR and reach US$4.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Support Services segment is readjusted to a revised 12.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $705.5 Million, While China is Forecast to Grow at 18.1% CAGR

The Mental Health Software market in the U.S. is estimated at US$705.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$347.5 Million by the year 2027 trailing a CAGR of 18.1% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 14.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.

Select Competitors (Total 143 Featured)

  • Accumedic Computer Systems, Inc.
  • Advanced Data Systems - AdvancedMD - Allscripts Healthcare, LLC
  • Cerner Corporation
  • Compulink Healthcare Solutions
  • Core Solutions, Inc.
  • Credible Behavioral Health Inc.
  • Cure MD - Epic systems corporation
  • Kareo
  • Meditab Software
  • Netsmart Technologies
  • Nextgen Healthcare Information Systems
  • Qualifacts Systems
  • The Echo Group
  • Valant Medical Solutions
  • Welligent

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Mental Health Software

What is the estimated value of the Global Market for Mental Health Software?

The Global Market for Mental Health Software was estimated to be valued at $1.9 Billion in 2020.

What is the growth rate of the Global Market for Mental Health Software?

The growth rate of the Global Market for Mental Health Software is 15.1%, with an estimated value of $5.1 Billion by 2027.

What is the forecasted size of the Global Market for Mental Health Software?

The Global Market for Mental Health Software is estimated to be worth $5.1 Billion by 2027.

Who are the key companies in the Global Market for Mental Health Software?

Key companies in the Global Market for Mental Health Software include Accumedic Computer Systems, Inc., Advanced Data Systems, AdvancedMD, Allscripts Healthcare, LLC, Cerner Corporation, Compulink Healthcare Solutions, Core Solutions, Inc., Credible Behavioral Health Inc. and Epic systems corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Pulls Up Lever for Digital Mental Healthcare
  • Anxiety and Depression on Rise Amid the Pandemic: Percentage of US Adults Displaying Symptoms of Anxiety and Depressive Disorder (Jan-June 2019, May 2020, and December 2020)s
  • Influencer Market Insights
  • World Market Trajectories
  • Mental Health Software - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Mental Health Software: A Prelude
  • Key Benefits of Mental Health Software
  • An Insight into Mental Health Prevalence and Addressal
  • Select Mental Health Stats Worldwide
  • Global Prevalence of Mental Health Disorders by Type
  • Challenges Remain
  • Advanced Technologies to Create New Possibilities for Mental Healthcare in the Future
  • Covid-19 Drives Investment, Bestows Mainstream Status to Mental Health
  • Digital Behavioral Health Funding in US$ Million: 2015-2020
  • Mental Health Remains Top in Digital Health Funding: Top Funded Clinical Indications in Q1-Q3 2021s
  • Start-ups Follow Unusual Routes to Deliver Mental Health Services
  • Select Startups in Digital Mental Healthcare Space
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Digital Innovation Push Mental Health Software as New Frontier in Access to Mental Health Support
  • Transforming Mental Healthcare
  • Technologies Exuding Potential to Transform Mental Health Space
  • Mental Healthcare Emerges as a Key Beneficiary of Big Data Phenomenon
  • Big Data Analytics Playing a Pivotal Role
  • Virtual Reality (VR) Makes Mental Health Therapy More Productive
  • Technology-Driven Boost for Mental Health Software
  • Remote Access and Low Costs Widen Adoption of Cloud based Mental Health Solutions
  • Growing Use of EHR in Behavioral Health Organization to Drive Growth
  • EMR Software Features Essential for Mental Health Professionals
  • Key Technologies Likely to Impact Next-Generation EHRs
  • Value-based care Model Drives Integrated Physical Health and Behavioral Health Care
  • Rise in Focus on Mental Health Wellness in Workspace Drives Adoption of Mental Health Platforms
  • Major Causes of Stress in the Workplace
  • COVID-19 Pandemic Amplifies Work Related Stress
  • Artificial Intelligence to Stir Next Wave of Growth in Healthcare IT
  • Pandemic Reinforces the Power of AI in Mental Health Services Delivery
  • AI- and ML-enabled Research for Geriatric Mental Health Research
  • Payer-Provider Healthcare Sector See Significant Changes
  • SMI Patient Population Impacted by Deficiency in Outpatient Management Programs Offer Opportunities
  • Efforts to Address Opiate and Substance Use Disorder
  • Mobile Mental Healthcare Apps Come to the Fore
  • TeleHealth Evolves as a Useful Tool to Improve Accessibility to Mental Health Care
  • Telehealth Holds Potential to Improve Pediatric Mental Health Referrals
  • Behavioral Health in the Limelight as Substance Use Disorder Rise
  • Aligning Insurance Financing Systems with Outcomes
  • Schools Increasingly Realize the use of Behavioral Health Software for Streamlining Mental Health Services
  • Integration of New Technologies with Existing Treatment Modalities Increases Providers' Productivity
  • Increased Healthcare Spending to Drive Sales of Behavioral/Mental Health Software
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Mental Health Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Mental Health Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 3: World 11-Year Perspective for Mental Health Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 6: World 11-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Support Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Support Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 9: World 11-Year Perspective for Support Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Clinical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Clinical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 12: World 11-Year Perspective for Clinical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Administrative by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Administrative by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 15: World 11-Year Perspective for Administrative by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Financial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Financial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 18: World 11-Year Perspective for Financial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 21: World 11-Year Perspective for Providers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Payers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Payers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 24: World 11-Year Perspective for Payers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Patients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Patients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 27: World 11-Year Perspective for Patients by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
LATIN AMERICA
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
MIDDLE EAST
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Mental Health Software Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 143

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Accumedic Computer Systems, Inc.
  • Advanced Data Systems
  • AdvancedMD
  • Allscripts Healthcare, LLC
  • Cerner Corporation
  • Compulink Healthcare Solutions
  • Core Solutions, Inc.
  • Credible Behavioral Health Inc.
  • Cure MD
  • Epic systems corporation
  • Kareo
  • Meditab Software
  • Netsmart Technologies
  • Nextgen Healthcare Information Systems
  • Qualifacts Systems
  • The Echo Group
  • Valant Medical Solutions
  • Welligent