Market Analysis Report Behavioral Health Software Market

Behavioral Health Software Market forecasted
to reach US$ 1800 million in 2023
The Report Global Behavioral Health Software Market by
Manufacturers, Countries, Type and Application, Forecast to 2023
provides information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants.
Global Behavioral Health Software Market Synopsis:
According to Market Analyst, The Global Behavioral Health Software Market is expected to grow at an
impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Behavioral Health Software industry has also suffered a certain impact, but still maintained a
relatively optimistic growth, the past four years, Behavioral Health Software market size to maintain the
average annual growth rate of 0.0592238410488 from 840.0 million $ in 2014 to 1120.0 million $ in
2018, Market analysts believe that in the next few years, Behavioral Health Software market size will be
further expanded, we expect that by 2023, The market size of the Behavioral Health Software will reach
1800.0 million $.
Behavioral health software can be defined as custom-built specialized software that is used by
psychologists to understand behavioral patterns in patients and suggest treatment to deal with various
behavioral issues such as anxiety, stress, addiction, and depression. It has the ability to retrieve
laboratory, pharmacy, and radiology data observations on the patients being treated.
Some of the significant factors driving the growth of the Global Behavioral Health Software Market are
Increasing adoption of behavior health software, availability of government funding, government
initiatives to encourage EHR adoption in behavioral health organizations, favorable behavioral health
reforms in the US, and high demand for mental health services amidst provider shortage.
Global Behavioral Health Software Market has been segmented on the Basis of component, delivery
model, functionality, end user, and region. Based on delivery model, the mental health software market
is segmented into ownership models and subscription models. The subscription models segment is
expected to account for the largest share of the market in 2017.
Regionally, North America is expected to dominate the mental health software market, followed by
Europe. The high growth of the North American market is attributed to factors such as increasing