(MENAFN- FutureWise Market Research ) The global behavioural health market is predicted to value over USD 4.5 billion by 2026 end and expected to achieve a CAGR of over 13% during the forecast period 2019 to 2026.
Behavioural health practices when integrated with electronic health records offer effective practice management and cost savings. Real-time monitoring system eases communication between care providers and patients. Owing to these factors the behavioural market is witnessing a rise, thus expanding the behavioural health market size. Latest technologies like real-time and tele-mental health are capable of overcoming difficulties such as information breach and confidentiality. Growing preference for these technologies is boosting the market. The rise in substance use and mental health cases is complementing the behavioural health market growth. According to the U.S Department of Health and Human Services, the healthcare budget for substance abuse is estimated to be around USD 38 billion.
The behavioural health market is bifurcated to component, delivery, function, end-users, and region. In terms of components, the software is expected to achieve notable growth owing to the increased adoption of technological solutions for management of administrative and clinical functions of mental health care acts. Through the mobile EHRs, customers can directly reach to the services and information. They also view the bills and secure a user-friendly portal. EHR systems are also integrated with complex long term billing procedures. Owing to these features, an increase in the behavioural health market size is observed.
Based on the delivery model, the subscription segment is expected to control the growth of the market. Small scale practices prefer subscription-based solutions within limited or cost-effective budgets. Features such as optimal return on investments are expected to further expand the behavioral health market size.
On the basis of functions, clinical functions are one of the many behavioral health market trends. Clinical functions are cost-effective and target a specific area that needs amendment. Owing to these features ample number of small scale healthcare facilities opted for clinical functions, thus expanding the behavioural health market size.
Based on end-users, providers are the leader of the market. The favorable reimbursement for mental disorders provided by providers for mental disorders is expected to increase the behavioral health market size.
Based on the region, North America is the global front runner of the market owing to the high adoption of modern technologies and the availability of investments in healthcare innovation. Europe ranks second in terms of behavioural health market share due to the rising awareness of benefits pertaining to EHR usage and government funding. The emerging economies in APAC are adopting the EHR systems in ample quantity due to a rise in per capita income and an increase in technology providers.
Prominent players of the market are Netsmart Technologies, Welligent, Core solutions, and Cerner Corporation.
Additional Insights:
● CMS in 2017 introduced behavioral health integration, psychiatric collaborative care model. New behavioral health integration coders were introduced
● Medicare provides reimbursement for tele-mental health services and cover costs including consultation charges and clinic visits
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Global Behavioural Health Market Segmentation:
By Component
● Software
▪ Integrated
▪ Standalone
● Support Services
By Delivery Model
● Ownership
● Subscription
By Function
● Clinical
▪ EHRs
▪ Clinical Decision Support
▪ Care Plans
▪ E-prescribing
▪ Telehealth
● Administrative
▪ Patient/Client Scheduling
▪ Document Management
▪ Case Management
▪ Workforce Management
▪ Business Intelligence
● Financial
▪ Revenue Cycle Management
▪ Managed Care
▪ General Ledger
▪ Payroll
By End-User
● Providers
▪ Hospitals & Clinics
▪ Community Centers
● Payers
● Patients
By Region:
● North America
● Europe
● Asia Pacific
● Latin America
● Rest of the World
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Competitive Landscape:
● Qualifacts Systems in 2017 introduced a software solution for mobile behavioral health. The software aims to provide fully functional mobile applications for the staff of behavioral healthcare
● Medicare introduced diagnostic codes for reimbursement of tele-mental healthcare services in 39 US states
FutureWise Key Takeaways
● Growth Prospects
● SWOT Analysis
● Key Trends
● Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global behavioural health market by component, by delivery model, by function, by end-user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• Evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies
Table of Contents
Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Data Analysis
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation and Scope
3.1.1 Market Driver Analysis
3.1.1.1 Emerging technologies in behavioural health
3.1.1.2 Rising awareness about substance abuse management
3.1.1.3 Expanding reimbursement coverage in developed countries
3.1.2 Market Restraint Analysis
3.1.2.1 Inadequate funding and low awareness about mental health issues
3.1.2.2 Lack of skilled clinicians
3.2 Penetration & Growth Prospects Mapping
3.3 behavioural/Mental Health Care Software & Services Market - PESTLE Analysis
3.4 Industry Analysis - Porter’s
Chapter 4 Behavioural/Mental Health Care Software & Services Market: Component Estimates & Trend Analysis
4.1 behavioural/mental Health Care Software & Services Market: Component Movement Analysis
4.2 Software
4.2.1 Software Market, 2014 - 2026 (USD Million)
4.2.2 Integrated Software
4.2.2.1 Integrated software market, 2014 - 2026 (USD Million)
4.2.3 Standalone Software
4.2.3.1 Standalone software market, 2014 - 2026 (USD Million)
4.3 Support Services
4.3.1 Support Services Market, 2014 - 2026 (USD Million)
Chapter 5 behavioural/Mental Health Care Software & Services Market: Delivery Model Estimates & Trend Analysis
5.1 behavioural/Mental Health Care Software & Services Market: Delivery Model Movement Analysis
5.2 Ownership
5.2.1 Ownership Market, 2014 - 2026 (USD Million)
5.3 Subscription
5.3.1 Subscription Market, 2014 - 2026 (USD Million)
Chapter 6 Behavioural/Mental Health Care Software & Services Market: Function Estimates & Trend Analysis
6.1 behavioural/Mental Health Care Software & Services Market: Function Movement Analysis
6.2 Clinical Functions
6.2.1 Clinical Functions Market, 2014 - 2026 (USD Million)
6.2.2 EHRs
6.2.2.1 EHRs market, 2014 - 2026 (USD Million)
6.2.3 Clinical Decision Support
6.2.3.1 Clinical decision support market, 2014 - 2026 (USD Million)
6.2.4 Care Plans
6.2.4.1 Care plans market, 2014 - 2026 (USD Million)
6.2.5 E-Prescribing
6.2.5.1 E-prescribing market, 2014 - 2026 (USD Million)
6.2.6 Telehealth
6.2.6.1 Telehealth market, 2014 - 2026 (USD Million)
6.3 Administrative Functions
6.3.1 Administrative Functions Market, 2014 - 2026 (USD Million)
6.3.2 Patient/Client Scheduling
6.3.2.1 Patient/client scheduling market, 2014 - 2026 (USD Million)
6.3.3 Document Management
6.3.3.1 Document management market, 2014 - 2026 (USD Million)
6.3.4 Case Management
6.3.4.1 Case management market, 2014 - 2026 (USD Million)
6.3.5 Workforce Management
6.3.5.1 Workforce management market, 2014 - 2026 (USD Million)
6.3.6 Business Intelligence
6.3.6.1 Business intelligence market, 2014 - 2026 (USD Million)
6.4 Financial Functions
6.4.1 Financial Functions Market, 2014 - 2026 (USD Million)
6.4.2 Revenue Cycle Management
6.4.2.1 Revenue cycle management market, 2014 - 2026 (USD Million)
6.4.3 Managed Care
6.4.3.1 Managed care market, 2014 - 2026 (USD Million)
6.4.4 General Ledger
6.4.4.1 General ledger market, 2014 - 2026 (USD Million)
6.4.5 Payroll
6.4.5.1 Payroll market, 2014 - 2026 (USD Million)
Chapter 7 Behavioural/Mental Health Care Software & Services Market: End Use Estimates & Trend Analysis
7.1 Behavioural/Mental Health Care Software & Services Market: End Use Movement Analysis
7.2 Providers
7.2.1 Providers Market, 2014 - 2026 (USD Million)
7.2.2 Hospitals & Clinics
7.2.2.1 Hospitals & clinics market, 2014 - 2026 (USD Million)
7.2.3 Community Centres
7.2.3.1 Community centres market, 2014 - 2026 (USD Million)
7.3 Payers
7.3.1 Payers market, 2014 - 2026 (USD Million)
7.4 Patients
7.4.1 Patients market, 2014 - 2026 (USD Million)
Chapter 8 behavioural/Mental Health Care Software & Services Market: Regional Estimates & Trend Analysis
8.1 Behavioural/mental health care software & Services Market Share by Region, 2017 & 2026
8.2 North America
8.2.1 North America behavioural/Mental Health Care Software & Services Market, 2014 - 2026 (USD Million)
8.2.2 U.S.
8.2.2.1 U.S. behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.2.3 Canada
8.2.3.1 Canada behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.3 Europe
8.3.1 Europe behavioural/mental health care software & Services Market, 2014 - 2026 (USD Million)
8.3.2 U.K.
8.3.2.1 U.K. behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.3.3 Germany
8.3.3.1 Germany behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.3.4 France
8.3.4.1 France behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.3.5 Italy
8.3.5.1 Italy behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.3.6 Spain
8.3.6.1 Spain behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.4 Asia Pacific
8.4.1 Asia Pacific behavioural/mental health care software & Services Market, 2014 - 2026 (USD Million)
8.4.2 Japan
8.4.2.1 Japan behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.4.3 China
8.4.3.1 China behavioural/mental health care software& services market, 2014 - 2026 (USD Million)
8.4.4 India
8.4.4.1 India behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.5 Latin America
8.5.1 Latin America behavioural/mental health care software & Services Market, 2014 - 2026 (USD Million)
8.5.2 Brazil
8.5.2.1 Brazil behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.5.3 Mexico
8.5.3.1 Mexico behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
8.6 Middle East & Africa
8.6.1 MEA behavioural/mental health care software & Services Market, 2014 - 2026 (USD Million)
8.6.2 South Africa
8.6.2.1 South Africa behavioural/mental health care software & services market, 2014 - 2026 (USD Million)
Chapter 9 Competitive Landscape
9.1 Cerner Corporation
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 Core solutions, Inc.
9.2.1 Company overview
9.2.2 Product benchmarking
9.3 EMIS Health
9.3.1 Company overview
9.3.2 Product benchmarking
9.4 Epic
9.4.1 Company overview
9.4.2 Product benchmarking
9.5 Meditab
9.5.1 Company overview
9.5.2 Product benchmarking
9.6 Holmusk
9.6.1 Company overview
9.6.2 Product benchmarking
9.7 Netsmart Technologies
9.7.1 Company overview
9.7.2 Product benchmarking
9.7.3 Strategic initiatives
9.8 Qualifacts Systems, Inc.
9.8.1 Company overview
9.8.2 Product benchmarking
9.8.3 Strategic initiatives
9.9 Welligent, Inc.
9.9.1 Company overview
9.9.2 Product benchmarking
9.9.3 Strategic initiatives
Chapter 10 Research Finding and Conclusion
Chapter 11 Research Methodology
Chapter 12 Research Data Source
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