The Behavioral and Mental Health Software Global Market Report 2023, provides comprehensive information on the behavioral and mental health software market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Behavioral and Mental Health Software Market’s Growth:
As per The Business Research Company’s Behavioral and Mental Health Software Global Market Report 2023, the global behavioral and mental health market size is expected to grow from $3.94 billion in 2022 to $4.70 billion in 2023 at a compound annual growth rate (CAGR) of 19.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The behavioral and mental health market size is expected to reach $8.92 billion in 2027 at a CAGR of 17.3%.
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The development of technologies is a key trend gaining popularity in the behavioral and mental health software market. Major companies operating in the behavioral and mental health software sector are focused on the development of AI-based technologies to sustain their position. For instance, in August 2021, Healmed Solutions, a US-based company engaged in mental health tech, in collaboration with Panacea Bioedge, and Panacea infosec, an India-based cybersecurity company, launched an AI-based online mental health platform in India. This AI-based platform provides a variety of mental health evaluation tools for businesses, corporations, and healthcare organizations. The platform allows psychiatrists to evaluate measured, recognised, and color-coded symptoms through a dashboard, that assist them with making mature medical decisions. It also has a digital assistant that communicates with patients discretely.
The behavioral and mental health software market is segmented:
1) By Component: Support Services, Software
2) By Type: Clinical Software, Financial Software, Administrative Software, Other Types
3) By Delivery Model: Subscription Model, Ownership Model
4) By End-Users: Community Clinics, Hospitals, Private Practices”
North America was the largest region in the behavioral and mental health software market in 2022.
The table of contents in TBRC’s behavioral and mental health software market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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