Mental health software is used by psychologists to understand the behavioral patterns of patients and suggests the best treatment plans for the patient suffering from anxiety, stress, addiction, depression and other disorders. This software also allows users to program online appointments and facilitates the payment of medical bills via electronic devices such as laptops and smart phones the mental health software has the ability to recover laboratories, pharmacies and radiological data of treated patients.
Asia Pacific Mental Health Software Market size was around USD 0.31 billion in 2018. It is expected to grow at a CAGR of 14.86% to reach USD 0.62 billion by 2023.
Drivers and Restraints:
The driving factors of Mental Health Software market are behavioral health reforms,
government initiatives in order to increase behavioral healthcare services around the globe,
and the growing numbers of people seeking behavioral health support are likely to drive market
growth. However, the market is constrained by factors such as data privacy concerns, lower
adoption rate of behavioral health EHRs, and dearth of psychiatrists and healthcare IT
The Asia Pacific Mental Health Software Market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific has the second largest market for Mental Health Software in the world by share. It is the fastest growing region in the world. Factors such as growing awareness about behavioral health support and supportive government initiatives are expected to propel the market growth in the region.
Major companies in the market are Cerner Corporation (U.S.), Core Solutions (U.S.), Credible Behavioral Health (U.S,), MindLinc (U.S.), Epic Systems Corporation (U.S.), Netsmart Technologies (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Qualifacts (U.S.), The Echo Group (U.S.), Valant, Medical Solutions Inc. (U.S.), and Welligent (U.S.) amongst others.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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