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Global Digital Health Solutions for Behavioral Health Management Growth Opportunities

  • Report

  • 88 Pages
  • July 2021
  • Region: Global
  • Frost & Sullivan
  • ID: 5385988

Novel Business Models Supported by Virtual Care Technologies that Offer Direct Patient Support will Emerge Over the Next 2-3 Years

The World Health Organization (WHO) made the following statement many years ago, “There is no health without mental health”. Today, as the COVID-19 pandemic ravages the world, another public health crisis is looming over our health systems - that of deteriorating mental health.

Mass unemployment, salary reductions, depleting financial security nets, increasing domestic violence, homelessness, and poverty are gaining prevalence due to ending lockdowns and other stringent norms. This is resulting in stress, anxiety, depression, and other mental health conditions, which is leading to an overall reduction in quality of life and is linked to a rising number of suicides and a general feeling of morbidity. The despair does not end there. Mental and substance disorders cause lower productivity; the WHO noted that depression and anxiety have cost the global economy an estimated $1 trillion per year in lost productivity. Patients are running out of prescription medication for their mental health conditions.

In several countries, including India, getting medication without a prescription is a challenge, and patients have to rely on considerate pharmacists to refill their medication. Telepsychiatry and virtual mental health care are taking off. 2020 saw record funding for mental health start-ups. Virtual mental healthcare vendors, especially in the United States, saw a surge in bookings, and they are making efforts to meet demand by introducing new services, accelerating launch timelines, and hiring more staff. The pandemic has pushed the adoption of technology for various use-cases.

While the use of virtual consultations for mental health may slow down when the pandemic subsides, it will continue to be higher than pre-COVID times. In addition to fast-tracking the launches of their services and demonstrating their ability to scale-up, telepsychiatry service providers must have fluid business models based on variable, rather than fixed, costs to manage fluctuating demand.

This study decodes the digital health landscape for behavioral health management solutions. It also analyzes the growth opportunities arising from the use of digital health tools such as iCBT, telepsychiatry, enterprise tools, connected sensor-based devices, and AI and analytics-based solutions.

Table of Contents

1. Strategic Imperatives
  • Why Is It Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top Three Strategic Imperatives on the Use of Digital Health Solutions in the Behavioral Health Management Market
  • Growth Opportunities Fuel the Growth Pipeline Engine™

2. Growth Opportunity Analysis, Digital Solutions for Behavioral Health Management
  • Scope of Analysis
  • Key Findings
  • Definition and Segmentation
  • Connected and Quantified Patients will Lay the Foundation for New Solution Design
  • Moving from Products to Services in Behavioral Health Management
  • Application of Mental Health Technology in the Care Continuum
  • Conceptual Framework of the Causal and Protective Factors that Affect Mental Health
  • COVID-19 and Mental Health
  • Health Systems’ Priorities for the Immediate Future
  • The Golden Age of Mental Health Technology
  • Product/Service Lifecycle Analysis
  • Mental Health Issues in Women
  • Digital Therapeutics (DTx) in Mental Health
  • Key Digital Therapeutics Vendors
  • Key Trends
  • Regulatory Considerations for Behavioral Health
  • Competitive Environment
  • Key Competitors
  • Opportunity Assessment
  • Business Models
  • Mapping of Business Models to Solution Segments
  • Business-to-Consumer/Direct-to-Consumer Business Model
  • B2B-Self-Insured Employer Model
  • B2B-Fee-for-Service Model (health system and payors)
  • B2B-Value-based Healthcare Service Models (health system and payors)
  • B2B-Regulatory Approval for Reimbursement (health systems and payors)
  • Key Growth Metrics
  • Growth Drivers
  • Growth Restraints
  • Forecast Assumptions
  • Revenue Forecast, Digital Solutions for Behavioral Health Management
  • Revenue Forecast Analysis, Digital Solutions for Behavioral Health Management
  • Revenue Forecast by Segment, Digital Solutions for Behavioral Health Management
  • Revenue Forecast Analysis by Segment, Digital Solutions for Behavioral Health Management
  • Revenue Forecast by Region, Digital Solutions for Behavioral Health Management
  • Revenue Forecast Analysis by Region, Digital Solutions for Behavioral Health Management

3. Growth Opportunity Analysis, iCBT
  • Key Growth Metrics for iCBT
  • Revenue Forecast, iCBT
  • Revenue Forecast Analysis, iCBT

4. Growth Opportunity Analysis, Telepsychiatry
  • Key Growth Metrics for Telepsychiatry
  • Revenue Forecast, Telepsychiatry
  • Revenue Forecast Analysis, Telepsychiatry

5. Growth Opportunity Analysis, Enterprise Tools
  • Key Growth Metrics for Enterprise Tools
  • Revenue Forecast, Enterprise Tools
  • Revenue Forecast Analysis, Enterprise Tools

6. Growth Opportunity Analysis, Connected Sensor-based Devices
  • Key Growth Metrics for Connected Sensor-based Devices
  • Revenue Forecast, Connected Sensor-based Devices
  • Revenue Forecast Analysis, Connected Sensor-based Devices

7. Growth Opportunity Analysis, AI and Analytics-based Solutions
  • Key Growth Metrics for AI and Analytics-based Solutions
  • Revenue Forecast, AI and Analytics-based Solutions
  • Revenue Forecast Analysis, AI and Analytics-based Solutions

8. Growth Opportunity Universe, Digital Solutions for Behavioral Health Management
  • Growth Opportunity 1-Behavioral Health Solutions for the Pediatric Population, 2021
  • Growth Opportunity 2-Behavioral Health Solutions for Hospital Staff, 2021
  • Growth Opportunity 3-Development and Use of Technology Solutions to Target Substance Abuse and Addiction Management, 2021
  • Growth Opportunity 4-Clinical Decision Support Tools for Clinical Efficiency Improvements, 2021
  • Growth Opportunity 5-Single Platform that Offers a Mix of Digital Solutions, 2021
  • Growth Opportunity 6-Sensors to Enhance Assessment and Treatment, 2021

9. Next Steps
  • Your Next Steps
  • Why the Publisher, Why Now?
  • List of Exhibits
  • Legal Disclaimer