Behavioral Health Software Market – Global Future Forecasts, Emerging Trends, Challenges & Opportunities

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The global behavioral health software market is expected to reach $1.5 billion by 2019 from $0.75 billion in 2014, growing at a CAGR of 14.7% from 2014 to 2019.

(EMAILWIRE.COM, March 30, 2017 ) Browse 197 market data tables and 53 figures spread through 200 pages and in-depth TOC on “Behavioral/Mental Health Software Market”
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Major Players:

Key players in the mental health software market include Netsmart Technologies (U.S.), Qualifacts (U.S.), Cerner Corporation (U.S.), MindLinc (U.S.), Epic Systems Corporation (U.S.), Credible Behavioral Health Software (U.S.), Accumedic (U.S.), Askesis Development Group, Inc. (U.S.), BestNotes (U.S.), Valant Medical Solutions, Inc. (U.S.), Welligent, Inc. (U.S.), and NextGen Healthcare (U.S.), amongst others.

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Market Dynamics:

This market is driven by several factors which include behavioral health reforms, government initiatives for improving behavioral healthcare services across the globe, and the rising number of people seeking behavioral health support.

The relatively untapped Asian market and increasing adoption rate of subscription model have opened an array of opportunities for growth of the market. However, lower adoption rate of behavioral health EHRs, data privacy concerns, and dearth of psychiatrists and healthcare IT professionals are expected to restrain the growth of this market.

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Geographical Analysis:

The global behavioral health software market is dominated by North America, followed by Europe, Asia, and Rest of the World (RoW).

North America will continue to lead the global market in the forecast period, followed by Europe. Over the next five years, the growth of the market in the Asian region is likely to be centered at China, India and Japan.

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