Healthcare Publications Mental Health Software and Devices Market
An expert on premium research reports, Market Research Future has added a
report titled “Mental Health Software and Devices Market Research Report –
Forecast to 2023” to its offering. The report provides an in-depth analysis of
regional data and an accurate projection of the market size and share of the Top
10 market players across the globe.
Market Scenario:
Mental health software and devices is concerned with the application of information
technology and advancements in devices for the diagnosis, treatment and prevention of
mental disorders. Major areas of mental health software and devices include diagnostic
systems, analytics, electronic health record systems (EHRs), terminology and coding
systems, tele-psychiatry, telemedicine, and others.
The drivers of the market are the growing demand for cost effective solutions owing to
concerns over healthcare delivery cost, growing per capita income, reduced manual
intervention and concurrent elimination of errors, faster information collection, access and
analysis.
The advantages of information management such as informed decision making results in
improvements in performance and returns on investment. Real-time monitoring of patient
health and direct provision of healthcare via telemedicine are other drivers of the market.
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The economic drivers of the market are pricing pressures on hospitals, growing adoption
and affordability of devices, rapid development of wireless technology and integration,
concerns over growing healthcare costs, greater patient satisfaction, and growing healthcare
infrastructure. The growing functionality of mental health software and devices systems is
reflected by the plethora of function additions representing the dashboard of a financial
company! The list includes but is not limited to clinical statistics, case cancellation rate,
revenue cycle management, scheduling and others. The impetus provided by governments
towards development of psychiatric care and a drive towards patient centric healthcare are
regulatory drivers of the market.
High costs of installation and maintenance, scarcity of trained manpower, limited
reimbursement for mental healthcare, digital divide, concerns over information security and
privacy are the critical restraints on the market.
Market players of Global Mental health software and devices Industry:
Advanced Data Systems (US), McKesson Corporation (US), AdvancedMD (US), Compulink
(US), Athena health (US), Core Solutions (US), Sigmund Software (US), IBM (US), Credible
Behavioral Health (US), ICANotes (US), NextStep Solutions (US), InSync Healthcare
Solutions (US), iSalus Healthcare (US), The Echo Group (US), Kareo (US), Cerner
Corporation (US), Meditab Software (US), Mentegram (US), Mindlinc (US), Netsmart (US),
Nextgen Healthcare (US), Nuesoft Technologies (US), Qualifacts (US), Raintree Systems
(US), TheraNest (US), Valant (US), Welligent (US), and WRS Health (US). Allscripts (US),
Orion Health (New Zealand) and others.
Segments:
To generate a bird’s view, the global mental health software and devices market is
segmented on the basis of solution, deployment, end users and regions.
By component, the market has been segmented by software and devices. The software has
been sub segmented into web based, and standalone software.
By functionality, the market has been segmented by clinical, administrative, financial and
others. The clinical has been sub segmented into electronic health records (EHRs), clinical
decision support, health management, E-prescribing, Tele-health, and others. The