USD 3.5 billion
Report ID:
SQMIG35A2934 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
113
|Figures:
70
Global Mental Health Software Market size was valued at USD 3.5 billion in 2023 and is poised to grow from USD 3.94 billion in 2024 to USD 10.18 billion by 2032, growing at a CAGR of 12.6% during the forecast period (2025-2032).
Mental disorders significantly impact global health, significantly affecting many populations worldwide. According to the World Health Organization (WHO), an estimated 1 billion people worldwide suffer from depression. This figure represents about 13% of the world’s population. Mental disorders include a wide range of conditions including depression, anxiety, depression and schizophrenia. These problems can vary in severity and can have a profound effect on an individual’s life, relationships, and overall well-being.
Furthermore, technological advancements and increasing adoption of digital healthcare solutions have contributed to the growth of the global mental health software market. Mental health software offers various products and services, including electronic health records (EHRs), telepsychiatry, appointment scheduling, clinical decision support systems, and data analytics. These tools enable mental health professionals to streamline their workflow, increase patient engagement and improve clinical outcomes.
Market snapshot - 2025-2032
Global Market Size
USD 3.5 billion
Largest Segment
Providers
Fastest Growth
Patient
Growth Rate
12.6% CAGR
To get more reports on the above market click here to Buy The Report
Global Mental Health Software Market is segmented by Deployment, Mode of Access, Application and region. Based on Deployment, the market is segmented into On-premise and Subscription. Based on Mode of Access, the market is segmented into Desktops/Laptops, Tablets/Smartphones, Function, Telehealth, Payroll, Revenue Cycle Management and Ledgers. Based on Application, the market is segmented into Commercial and Residential. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Providers segment is dominating the market. Based on end-user applications, providers accounted for more than 51.7% of the market revenue share by 2022. The mental health management software and services market is segmented into providers, 2022; payers, and patients. The limited number of mental health specific EHR providers increases demand for software providers. On the other hand, the premiums segment can witness a compounded annual growth rate (CAGR) of 13.96% during the forecast period owing to improved premiums. Medicare provides insurance for telepsychiatric services.
The patient segment is estimated to witness a profitable growth at a compound annual growth rate (CAGR) of 12.81% in the coming years. Furthermore, rising anxiety and stress, increasing availability of mobile apps and advanced internet are fueling the growth of this sector, the shift towards digital health could augur well for the expansion of the sector.
The software segment dominated the market with a share of 83.3% by 2022. Increased use of technology solutions to manage financial, administrative and clinical functions of mental health practices drives the segment growth. EHR systems have included an affordable combination of claims and billing functionality can manage multiple channels, and its mobile version enables patients to access services. Software provides revenue cycle management to provide claims process is simple. These solutions enable healthcare providers to develop and choose the best treatment plan for a person with depression, stress, anxiety, substance abuse, and addiction They help develop a stable treatment plan on clinical evidence and relevant patient records.
Integrated software is the fastest growing segment in the market. The section is further divided into integrated and independent. In integrated software, all the functions are combined in a single package. Services can vary from scheduling, billing and claims management, e-prescribing, telehealth, payroll, etc. Stand-alone solutions cater to a single function and are preferred by smaller organizations. Support services include maintenance and support required for software solutions.
To get detailed analysis on other segments, Request For Free Sample Report
North America is the largest mental health software market, driven by the high prevalence of dementia, particularly in the United States. By 2022, the region's revenue in the mental health software market is $1,280.57 Million. This market is expected to grow at a gradual rate of compound annual growth rate (CAGR) of 11.9% in the coming years. The United States contributes significantly to the growth of the global mental health software market. The country has a huge burden of mental health, and it's huge. It is estimated that about 1 in 5 adults in the United States suffers from mental illness each year.
Asia-Pacific is expected to register the highest CAGR at a compound annual growth rate (CAGR) of 13.38% during the forecast period. Rising smartphone internet penetration and growing elderly population in China and Japan are expected to fuel the growth of the region. Asian countries such as China and India have a large smartphone user base, providing huge opportunities for market penetration.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Rise in the Strong Emphasis on Mental Health Awareness and Treatment
Increasing Introduction of Products
Data Privacy and Security Issues
Financial Crisis
Request Free Customization of this report to help us to meet your business objectives.
The mental health software market is moderately competitive, with many key players. Marketers are adopting several strategies, such as partnerships and collaborations, increased acquisitions and mergers, and innovation. Such trends in the mental health software market are expected to drive significant market growth in the coming years. Key market players in the global behavioral/mental health software market include Accumedic, BestNotes, Oracle Corporation (Cerner Corporation), Welligent Inc. and others.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Government funds for nutrition, mental health and adoption accidents in the United States, psychological rehabilitation, psychotherapy and facilities. Concerns about data breaches and unauthorized access may prevent some healthcare providers and patients from fully embracing digital mental health solutions. As environmental concerns increased, there was a trend to develop sustainable and energy-efficient mental health software. To reduce carbon emissions and reduce environmental impact, manufacturers focused on environmentally friendly products and designs.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.5 billion |
Market size value in 2032 | USD 10.18 billion |
Growth Rate | 12.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Mental Health Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mental Health Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mental Health Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mental Health Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG35A2934
[email protected]
USA +1 351-333-4748