Mental Health Software and Devices Market Segmentation by Component (Software, and Devices); by Software Delivery Model (Subscription, and Ownership Model); by Functionality (Clinical, Administrative, and Financial Functionality); by Mode of Access (Desktops/Laptops, and Tablets/Smartphone); and by End-User (Community Clinics, Hospitals, Private Practices, and Home Care Settings)-Global Demand Analysis & Opportunity Outlook 2020-2030

  • Product Code:
    RP-ID-10352350
  • Published Date:
    27 Jan 2022
  • Region:
    Global
  • Pages:
    211
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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Global Mental Health Software and Devices Market Highlights Over 2020 - 2030

The global mental health software and devices market is estimated to garner a revenue of USD 13367.12 Million by the end of 2030, by growing at a CAGR of 13.28% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market generated a revenue of USD 3883.94 Million. The growth of the market can be attributed to the growing prevalence of different types of mental disorders amongst individuals worldwide, and the rising awareness to treat these diseases. According to the statistics by the World Health Organization (WHO), around 264 Million people were affected by depression around the world. Moreover, bipolar disorder was known to affect about 45 Million people, while schizophrenia affected 20 Million people globally. Besides this, with the advancements in healthcare, as well as integration of technology in the field of medical sciences, there is a growing need for technological solutions to manage clinical, administrative, and financial functions in healthcare facilities, which in turn, is contributing to the rise in adoption of behavioral health software and devices.

 

Mental Health Software and Devices Market

 

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The growth of the global mental health software and devices market can also be attributed to the growing research and advancements in the field of medical sciences that particularly deals with mental health diseases, and for the rising initiatives of the government of nations worldwide to promote the awareness on fighting mental health diseases. According to the statistical report titled “Mental Health Atlas 2020” of the World Health Organization (WHO), 31% of the member states of the WHO regularly compiled mental health-specific data that covered at least the public sector in their country. Besides this, the statistics also stated that 75% of the member states had a stand-alone policy or plan for mental health in the year 2020. This was an increase from 68% in the year 2014.

Global Mental Health Software and Devices Market Regional Synopsis

Regionally, the global mental health software and devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to garner the largest revenue of USD 5382.17 Million by the end of 2030, up from a revenue of USD 1557.47 Million in the year 2020. The growth of the market in the region can primarily be attributed to the rising awareness for mental health amongst individuals in the nation and therefore the need for treating these diseases. According to the statistics by the National Alliance on Mental Illness (NAMI), in the year 2020, 21% of the adults in the United States, which equals to 52.9 Million people, experiences mental illness. Moreover, 5.6% of the total number of adults in the country experiences serious mental illness in the same year.

On the other hand, the market in Latin America is expected to garner the second-largest revenue of USD 4360.54 Million by the end of 2030, up from a revenue of USD 1265.71 Million in the year 2020. The market in the region is further segmented by country into Brazil, Argentina, Mexico, and the Rest of Latin America. Out of these, the market in Brazil is anticipated to garner the largest revenue of USD 297.18 Million by the end of 2030, up from a revenue of USD 93.0 Million in the year 2020.

Growth Drivers and Challenges Impacting the Growth of the Global Mental Health Software and Devices Market

Growth Drivers

  • Increasing Adoption of Behavioral Health Software in Healthcare Centers

  • Growing Focus of the Government of Nations to Promote Awareness on Mental Health Diseases

Challenges

  • Lack of Healthcare Information Technology (HCIT) Professionals

Global Mental Health Software and Devices Market Segmentation Synopsis

The global mental health software and devices market is segmented by component into software, and devices, out of which, the software segment is expected to garner the largest revenue by the end of 2030 and further grow with a CAGR of 11.78% during the forecast period. By software delivery model, the market is segmented into subscription model and ownership model, out of which, the subscription model segment is anticipated to garner the largest revenue of USD 2442.34 Million by the end of 2022, and also grow with the highest CAGR during the forecast period. Based on software functionality, the market is segmented into clinical functionality, administrative functionality, and financial functionality. Out of these, the clinical functionality segment is anticipated to garner the largest revenue of USD 4618.14 Million by the end of 2030, up from a revenue of USD 1516.58 Million in the year 2020. By mode of access, the market is segmented into desktops/laptops, and tablets/smartphone. Out of these, the desktops/laptops segment is projected to garner the largest revenue by the end of 2030. By end-user, the market is segmented into community clinics, hospitals, private practices, and home care settings. Out of these, the community clinics segment is projected to garner the largest revenue of USD 5667.35 Million by the end of 2030, up from a revenue of USD 1644.62 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global mental health software and devices market that are included in our report are Cerner Corporation, Netsmart Technologies, Inc., Qualifacts Systems, Inc., Valant, NXGN Management, LLC, Core Solutions, Inc., Holmusk USA, Inc., The Echo Group, Welligent, Inc., Credible Behavioral Health, Inc., IBM, and others.

Latest Developments in the Global Mental Health Software and Devices Market:

  • December 2nd, 2021: Netsmart Technologies, Inc. announced that the company has acquired an industry-leading provider of AI technology and software solutions for behavioral health, Remarkable Health.

  • December 20th, 2021: Cerner Corporation announced that it has signed an agreement with Oracle Corporation, where the latter will acquire Cerner for an approximate equity value of USD 28.3 Billion and an all-cash tender offer for USD 95.0 per share.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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FREQUENTLY ASKED QUESTIONS

1.      Market Definition

2.    Assumptions and Acronyms

3.    Research Methodology

3.1.Research Process

3.2.                    Primary Research

3.3.                    Secondary Research

4.    Executive Summary – Global Mental Health Software and Devices Market

5.     Market Dynamics

5.1. Growth Drivers

5.2.                     Market Trends

6.    Key Market Opportunities

7.     Major Roadblocks of the Market

8.    Regulatory & Standard Landscape

9.    Industry Risk Analysis

10.            Impact of COVID-19 on Global Mental Health Software and Devices Market

11.  Pricing Analysis of Mental Health Software and Devices Market

12.Value Chain Analysis

13.Comparative Analysis

14.Competitive Structure

14.1.                  Market Share Analysis

14.2.                Competitive Benchmarking

14.3.                Company Profiles

14.3.1.                      Cerner Corporation

14.3.2.                    Netsmart Technologies, Inc.

14.3.3.                    Qualifacts Systems, Inc.

14.3.4.                    Valant

14.3.5.                     NXGN Management, LLC

14.3.6.                    Core Solutions, Inc.

14.3.7.                     Holmusk USA, Inc.

14.3.8.                    The Echo Group

14.3.9.                    Welligent, Inc.

14.3.10.                Credible Behavioral Health, Inc.

14.3.11.                  IBM

15. Global Mental Health Software and Devices Market

15.1.                  Market Overview – Market Size (2020-2030)

15.2.                 Market Segmentation by:

15.2.1.                      Component

15.2.1.1.    Software, 2020-2030F (USD Million)

15.2.1.1.1.         Integrated Software, 2020-2030F (USD Million)

15.2.1.1.2.        Standalone Software, 2020-2030F (USD Million)

15.2.1.2.  Devices, 2020-2030F (USD Million) (Units)

15.2.2.                     Delivery Model

15.2.2.1.  Subscription Model, 2020-2030F (USD Million)

15.2.2.2. Ownership Model, 2020-2030F (USD Million)

15.2.3.                     Functionality

15.2.3.1.  Clinical Functionality, 2020-2030F (USD Million)

15.2.3.1.1.        Electronic Health Records (EHR), 2020-2030F (USD Million)

15.2.3.1.2.      Clinical Decision Support (CDS), 2020-2030F (USD Million)

15.2.3.1.3.      Care Plans/Health Management, 2020-2030F (USD Million)

15.2.3.1.4.      E-Prescribing, 2020-2030F (USD Million)

15.2.3.1.5.       Telehealth, 2020-2030F (USD Million)

15.2.3.2. Administrative Functionality, 2020-2030F (USD Million)

15.2.3.2.1.      Patient/Client Scheduling, 2020-2030F (USD Million)

15.2.3.2.2.     Document/Image Management, 2020-2030F (USD Million)

15.2.3.2.3.     Case Management, 2020-2030F (USD Million)

15.2.3.2.4.     Workforce Management, 2020-2030F (USD Million)

15.2.3.2.5.     Business Intelligence, 2020-2030F (USD Million)

15.2.3.3. Financial Functionality, 2020-2030F (USD Million)

15.2.3.3.1.      Revenue Cycle Management, 2020-2030F (USD Million)

15.2.3.3.2.     Managed Care, 2020-2030F (USD Million)

15.2.3.3.3.     Accounts Payable/General Ledger, 2020-2030F (USD Million)

15.2.3.3.4.     Managed Care, 2020-2030F (USD Million)

15.2.4.                     Mode of Access

15.2.4.1.  Desktops/Laptops, 2020-2030F (USD Million)

15.2.4.2. Tablets/Smartphone, 2020-2030F (USD Million)

15.2.5.                     End-User

15.2.5.1.   Community Clinics, 2020-2030F (USD Million)

15.2.5.2. Hospitals, 2020-2030F (USD Million)

15.2.5.3. Private Practices, 2020-2030F (USD Million)

15.2.5.4. Home Care Settings, 2020-2030F (USD Million)

15.2.6.                     Region

15.2.6.1.  North America

15.2.6.2. Europe

15.2.6.3. Asia Pacific

15.2.6.4. Latin America

15.2.6.5. Middle East & Africa

15.2.7.                     Cross Analysis of End-Users W.R.T. Components

16.North America Mental Health Software and Devices Market

16.1.                  Market Overview – Market Size (2020-2030)

16.2.                Market Segmentation by:

16.2.1.                      Component

16.2.1.1.   Software, 2020-2030F (USD Million)

16.2.1.1.1.         Integrated Software, 2020-2030F (USD Million)

16.2.1.1.2.       Standalone Software, 2020-2030F (USD Million)

16.2.1.2.  Devices, 2020-2030F (USD Million) (Units)

16.2.2.                    Delivery Model

16.2.2.1.  Subscription Model, 2020-2030F (USD Million)

16.2.2.2.                        Ownership Model, 2020-2030F (USD Million)

16.2.3.                    Functionality

16.2.3.1.  Clinical Functionality, 2020-2030F (USD Million)

16.2.3.1.1.       Electronic Health Records (EHR), 2020-2030F (USD Million)

16.2.3.1.2.      Clinical Decision Support (CDS), 2020-2030F (USD Million)

16.2.3.1.3.      Care Plans/Health Management, 2020-2030F (USD Million)

16.2.3.1.4.      E-Prescribing, 2020-2030F (USD Million)

16.2.3.1.5.      Telehealth, 2020-2030F (USD Million)

16.2.3.2.                        Administrative Functionality, 2020-2030F (USD Million)

16.2.3.2.1.      Patient/Client Scheduling, 2020-2030F (USD Million)

16.2.3.2.2.    Document/Image Management, 2020-2030F (USD Million)

16.2.3.2.3.    Case Management, 2020-2030F (USD Million)

16.2.3.2.4.    Workforce Management, 2020-2030F (USD Million)

16.2.3.2.5.     Business Intelligence, 2020-2030F (USD Million)

16.2.3.3.                        Financial Functionality, 2020-2030F (USD Million)

16.2.3.3.1.      Revenue Cycle Management, 2020-2030F (USD Million)

16.2.3.3.2.    Managed Care, 2020-2030F (USD Million)

16.2.3.3.3.    Accounts Payable/General Ledger, 2020-2030F (USD Million)

16.2.3.3.4.    Managed Care, 2020-2030F (USD Million)

16.2.4.                    Mode of Access

16.2.4.1.  Desktops/Laptops, 2020-2030F (USD Million)

16.2.4.2.                        Tablets/Smartphone, 2020-2030F (USD Million)

16.2.5.                     End-User

16.2.5.1.  Community Clinics, 2020-2030F (USD Million)

16.2.5.2. Hospitals, 2020-2030F (USD Million)

16.2.5.3. Private Practices, 2020-2030F (USD Million)

16.2.5.4. Home Care Settings, 2020-2030F (USD Million)

16.2.6.                    Country

16.2.6.1.  United States

16.2.6.2.                        Canada

16.2.7.                     Cross Analysis of End-Users W.R.T. Components

17. Europe Mental Health Software and Devices Market

17.1.                  Market Overview – Market Size (2020-2030)

17.2.                 Market Segmentation by:

17.2.1.                      Component

17.2.2.                     Delivery Model

17.2.3.                     Functionality

17.2.4.                     Mode of Access

17.2.5.                     End-User

17.2.6.                     Country

17.2.6.1.  United Kingdom

17.2.6.2. Germany

17.2.6.3. Italy

17.2.6.4. France

17.2.6.5. Spain

17.2.6.6. Russia

17.2.6.7. Netherlands

17.2.6.8. Rest of Europe

17.2.7.                     Cross Analysis of End-Users W.R.T. Components

18.Asia Pacific Mental Health Software and Devices Market

18.1.                  Market Overview – Market Size (2020-2030)

18.2.                Market Segmentation by:

18.2.1.                      Component

18.2.2.                    Delivery Model

18.2.3.                    Functionality

18.2.4.                    Mode of Access

18.2.5.                     End-User

18.2.6.                    Country

18.2.6.1.  Australia

18.2.6.2.                        Japan

18.2.6.3.                        Singapore

18.2.6.4.                        South Korea

18.2.6.5. India

18.2.6.6.                        China

18.2.6.7. Rest of Asia Pacific

18.3.                Cross Analysis of End-Users W.R.T. Components

19.Latin America Mental Health Software and Devices Market

19.1.                  Market Overview – Market Size (2020-2030)

19.2.                Market Segmentation by:

19.2.1.                      Component

19.2.2.                    Delivery Model

19.2.3.                    Functionality

19.2.4.                    Mode of Access

19.2.5.                     End-User

19.2.6.                    Country

19.2.6.1.  Brazil

19.2.6.2.                        Argentina

19.2.6.3.                        Mexico

19.2.6.4.                        Rest of Latin America

19.3.                Cross Analysis of End-Users W.R.T. Components

20.          Middle East & Africa Mental Health Software and Devices Market

20.1.                Market Overview – Market Size (2020-2030)

20.2.              Market Segmentation by:

20.2.1.                    Component

20.2.2.                  Delivery Model

20.2.3.                  Functionality

20.2.4.                  Mode of Access

20.2.5.                   End-User

20.2.6.                  Country

20.2.6.1.                        GCC

20.2.6.2.                      Israel

20.2.6.3.                      South Africa

20.2.6.4.                      Rest of Middle East & Africa

20.3.              Cross Analysis of End-Users W.R.T. Components

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  1. Cerner Corporation
  2. Netsmart Technologies, Inc.
  3. Qualifacts Systems, Inc.
  4. Valant
  5. NXGN Management, LLC
  6. Core Solutions, Inc.
  7. Holmusk USA, Inc.
  8. The Echo Group
  9. Welligent, Inc.
  10. Credible Behavioral Health, Inc.
  11. IBM
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