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Mental health refers to the level of psychological comfort and well-being or absence of mental illness. In layman’s terms, it is the state of someone who is functioning at a satisfactory level of emotional and behavioral adjustment. Mental health software is a specialty software that allows behavioral health professionals to choose the best treatment plan for a person suffering from depression, stress, addiction, anxiety, etc. based on patient records and medical evidence. The software enables users to schedule online appointments and provides medical bill payments via mobile devices namely smartphones or laptops. Moreover, it can retrieve pharmacy, laboratory, and radiology data observations on the patients that are being treated. It also offers a detailed report focusing on the individual patient’s needs.

The Global Mental Health Software Market was valued at US$ 4,614.2 Mn in 2021.

Recent Developments:

  • On November 2022, OnCall Health, a provider of telehealth, patient portal, and client engagement technology has been acquired by Qualifacts, the software and SaaS provider of Electronic Health Record (EHR) platforms for behavioral health, rehabilitative, and human services organizations. The acquisition will help Qualifacts in helping behavioral health practitioners with complex workflows and provide clients with modern telehealth experience that includes a client portal and more engagement options.

Restraint:

  • Challenges regarding data security, privacy and protection issues are expected to hamper the global mental health software market growth over the forecast period
  • Low awareness regarding benefits of this software is expected to restrain growth of the global mental health software market over the forecast period

Global Mental Health Software Market-Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic has positively affected the Global Mental Health Software Market. Mental Health Software is widely used in the Healthcare sector as they have the capability to create, access, store, and protect patients' information, as well as schedule an appointment, e-Prescribing and claims reimbursement. Due to the pandemic, growing number of mental illness cases, the usage, and demand for mental health software increased significantly which directly increase the sales of the mental health software. Hence, the global mental health software market witnessed growth during the pandemic.

North America held a dominant position in the Global Mental Health Software Market in 2021

Statistics:

North America region dominated the Global Mental Health Software Market in 2021, accounting for a 42.8% share in terms of value, followed by Europe, Asia Pacific and Latin America, respectively

Figure 1: Global Mental Health Software Market Share (%), By Region, 2021 

Mental Health Software  | Coherent Market Insights

North America is the leading markets in terms of revenue in 2021 and are expected to hold their dominant position over the forecast period. The market growth in these regions is attributed to the growing Healthcare industry. For instance, Mental Health Software is majorly used in Hospitals and Clinics, etc. in the Healthcare industry, which is expected to drive demand for Global Mental Health Software Market over the forecast period.

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Mental Health Software Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 4,614.2 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 16.9% 2030 Value Projection: US$ 18,811.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Deployment mode: (On-premise and Subscription (Cloud-based))
  • By Mode of Access: (Desktops/Laptops and Tablets/Smartphones) 
  • By Function: (Telehealth, Payroll, Revenue Cycle Management (RCM),Ledger, Business Intelligence, Electronic Health Record (EHR) and Clinical Decision Support) 
  • By Application: (Commercial, Hospitals and Clinics, Others (Psychiatrists, Social Workers, Psychologists, Counsellors, Nurse Practitioners, Group Therapists) and Residential).
Companies covered:

Welligent Inc., Netsmart Technologies Inc., Cerner Corporation, Valant Medical Solutions Inc., Qualifacts Systems Inc., Nextgen Healthcare Information Systems LLC, MindLinc, Credible Behavioral Health Inc. (Credible), Core Solutions Inc., and Epic Systems Corporation.

Growth Drivers:
  • Availability of innovative healthcare solutions and services is expected to drive growth of the global mental health software market during the forecast period
  • Growing geriatric population worldwide is expected to propel the global mental health software market growth over the forecast period
Restraints & Challenges:
  • Challenges regarding data security, privacy and protection issues are expected to hamper the global mental health software market growth over the forecast period
  • Low awareness regarding benefits of this software is expected to restrain growth of the global mental health software market over the forecast period

Figure 2: Global Mental Health Software Market (US$ Mn) Analysis and Forecast, 2022 - 2030

Mental Health Software  | Coherent Market Insights

The Global Mental Health Software Market was valued at US$ 4,614.2 Mn in 2021 and is expected to reach US$ 18,811.7 Mn by 2030, growing at a CAGR of 16.9% between 2022 and 2030.

Major players operating in the Global Mental Health Software Market include Welligent Inc., Netsmart Technologies Inc., Cerner Corporation, Valant Medical Solutions Inc., Qualifacts Systems Inc., Nextgen Healthcare Information Systems LLC, MindLinc, Credible Behavioral Health Inc. (Credible), Core Solutions Inc., and Epic Systems Corporation.

Mental health refers to the level of psychological comfort and well-being or absence of mental illness. In layman’s terms, it is the state of someone who is functioning at a satisfactory level of emotional and behavioral adjustment. Mental health software is a specialty software that allows behavioral health professionals to choose the best treatment plan for a person suffering from depression, stress, addiction, anxiety, etc. based on patient records and medical evidence. The software enables users to schedule online appointments and provides medical bill payments via mobile devices namely smartphones or laptops. Moreover, it can retrieve pharmacy, laboratory, and radiology data observations on the patients that are being treated. It also offers a detailed report focusing on the individual patient’s needs.

The Global Mental Health Software Market is estimated to account for US$ 18,811.7 Mn in terms of value by the end of 2030.

Market Dynamics

Increasing per capital expenditure on healthcare and associated facilities is boost the demand for mental healthcare solutions and services. Various government and healthcare organizations such as clinics and hospitals are increasing investments in the deployment of new and updated IT infrastructure, in order to gain a competitive advantage in the market. This, in turn, is expected to drive the global mental health software market growth over the forecast period. According to the World Bank Group, per capita, healthcare expenditure in the U.S. increased from US$ 8,845 in 2012 to US$ 9,146 in 2013.  According to the same source, in France and the U.K., per capita, healthcare expenditure was US$ 4,644 and US$ 3,595 respectively in 2012, which increased to US$ 4,864 and US$ 3,598 respectively in 2013. Furthermore, in Germany, per capita, healthcare expenditure was US$ 4,717 in 2012 and increased to US$ 5,006 in 2013.

 Key features of the study:

  • This report provides an in-depth analysis of the Global Mental Health Software Market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the Global Mental Health Software Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Mental Health Software Market are Welligent Inc., Netsmart Technologies Inc., Cerner Corporation, Valant Medical Solutions Inc., Qualifacts Systems Inc., Nextgen Healthcare Information Systems LLC, MindLinc, Credible Behavioral Health Inc. (Credible), Core Solutions Inc., and Epic Systems Corporation.
  • The key market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The Global Mental Health Software Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Mental Health Software Market.

Detailed Segmentation

  • Global Mental Health Software Market, By Deployment Mode:
    • On-premise 
    • Subscription (Cloud-based)
  • Global Mental Health Software Market, By Mode of Access:
    • Desktops/Laptops
    • Tablets/Smartphones
  • Global Mental Health Software Market, by Function:
    • Telehealth
    • Payroll
    • Revenue Cycle Management (RCM)
    • Ledger
    • Business Intelligence
    • Electronic Health Record (EHR)
    • Clinical Decision Support
  • Global Mental Health Software Market, By Application:
    • Commercial
    • Residential
    • Hospitals and Clinics
    • Others(Psychiatrists, Social Workers, Psychologists, Counsellors, Nurse Practitioners, Group Therapists)
  • Global Mental Health Software Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Cerner Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Core Solutions Inc.
    • Credible Behavioral Health Inc. (Credible)
    • Epic Systems Corporation.
    • MindLinc, Credible Behavioral Health Inc. (Credible)
    • Netsmart Technologies Inc.
    • Nextgen Healthcare Information Systems LLC
    • Qualifacts Systems Inc.
    • Valant Medical Solutions Inc.
    • Welligent Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The Global Mental Health Software Market is expected to reach US$ 18,811.7 million by 2030.
The Market is expected to witness a CAGR of 16.9% during the forecast period (2022-2030).
Growing application of distributed acoustic sensing (DAS) in technological devices like fiber optic cables is expected to drive the market. 
The Market segment held the largest market share among the application in 2021
North America held the largest share in the market in 2021.
Key players operating in the Market are Welligent Inc., Netsmart Technologies Inc., Cerner Corporation, Valant Medical Solutions Inc., Qualifacts Systems Inc., Nextgen Healthcare Information Systems LLC, MindLinc, Credible Behavioral Health Inc. (Credible), Core Solutions Inc., and Epic Systems Corporation.

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