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Mental Health Software, also known as behavioral software, supports professionals engaged in providing mental healthcare and skillfully manage clinical, administrative, and operational workflows.
Global Mental Health Software Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Mental Health Software market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “Global Mental Health Software Market Analysis, 2020”, the Global Mental Health Software market is anticipated to grow at a CAGR of around 14% during 2020-25F. Based on function, clinical functionality acquired a significant market share in the Global Mental Health Software market in 2018. The increasing government initiatives to stimulate the integration of the software by clinicians to provide quality care to their patients at lower costs and considerable need for medical EMRs specialty systems among various specialty healthcare facilities is projected to proliferate the market of clinical functionality in the forthcoming years.
Market Segmentation
Provider Segment Acquired Considerable Market Share
Based on end user, providers acquired major market share in 2017, followed by hospitals, in the Global Mental Health Software market. The escalating incidences of mental disorders across the globe along with growing competition among the market players to develop new and advanced technology products is anticipated to increase the market share of the providers in the forthcoming years. Thus, this is estimated to strongly contribute towards the growth of the Mental Health Software market globally in the forthcoming timeline as stated in the MarkNtel Advisors’ research report “Global Mental Health Software Market Analysis, 2020”.
COVID-19 Impact
Besides this, COVID-19 pandemic has accelerated the growth of Global Mental Health Software market, The shutdown of various manufacturing industries and lockdown imposition has put a pause of construction activities due to which the economic impact on companies and financial markets was not favorable. Thus, this has an negative impact on the mental health of the people with high symptoms of anxiety, depression which lead to surge in the adoption of mental services and electronic health records.
ompetitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Mental Health Software market include Cerner Corporation, Core solutions, EMIS Health, Epic, Meditab, Holmusk, Netsmart, Qualifacts, Welligent, TheraNest, Athena Software, Harmony Medical, TherapyNotes, Nextgen, CureMD etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Mental Health Software Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Mental Health Software Market during 2020-25?
A. The Global Mental Health Software Market is forecast to grow at a CAGR of 14% during 2020-25.
Q. Who are the key competitors or players operating in Global Mental Health Software Market?
A. Cerner Corporation, Core solutions, EMIS Health, Epic, Meditab, Holmusk, Netsmart, Qualifacts, Welligent, TheraNest, Athena Software, Harmony Medical, TherapyNotes, Nextgen, CureMD etc., are few of the leading players in the Global Mental Health Software Market.
Q. Which funtion segment would emerge as an opportunity area for players in Global Mental Health Software Market?
A. Clinical functionality is expected to attain the highest CAGR during the forecast period and is expected maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Mental Health Software Market?
A. North America continue to grow at a highest CAGR, presenting immense opportunities for the market player in the Global Mental Health Software Market.
