Dublin, Jan. 12, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/4pb9q3/behavioralmental) has announced the addition of the "Behavioral/Mental Health Software Market by Delivery Mode, Functionality, End User - Forecasts to 2019" report to their offering.
The global behavioral health software market involves functionalities that help the behavioral health end users to increase their efficiency and reduce healthcare cost. This market is driven by several factors which include behavioral health reforms, government initiatives for improving behavioral healthcare services across the globe, and the rising number of people seeking behavioral health support.
The relatively untapped Asian market and increasing adoption rate of subscription model have opened an array of opportunities for growth of the market. However, lower adoption rate of behavioral health EHRs, data privacy concerns, and dearth of psychiatrists and healthcare IT professionals are expected to restrain the growth of this market.
The behavioral health software market size, in terms of value, is expected to reach $1,494.1 million by 2019 from $752.6 million in 2014, at a CAGR of 14.7%. The mental health software market is segmented on the basis of component, delivery model, functionality, end user, and geography.
The mental health software market by component is divided into software and support services. Support services account for the largest share in this market, primarily due to the recurring requirement for these services for software up-gradation and maintenance. The software market is divided into integrated and standalone software. The adoption rate of integrated software is higher as they are user-friendly and integrated with different functionalities, thereby reducing overall cost.
The behavioral health software market, by delivery model, is classified into the ownership and subscription models. The ownership model refers to the on-premise mode of delivery, while the subscription model covers web-hosted and cloud-based delivery modes. The subscription model is poised to witness high growth as it is more user-friendly and cost-effective than the ownership model.
Key players in the mental health software market include Netsmart Technologies (U.S.), Qualifacts (U.S.), Cerner Corporation (U.S.), MindLinc (U.S.), Epic Systems Corporation (U.S.), Credible Behavioral Health Software (U.S.), Accumedic (U.S.), Askesis Development Group, Inc. (U.S.), BestNotes (U.S.), Valant Medical Solutions, Inc. (U.S.), Welligent, Inc. (U.S.), and NextGen Healthcare (U.S.), amongst others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Behavioral Health Software Market, By Component
8 Behavioral Health Software Market, By Delivery Model
9 Behavioral Health Software Market, By End User
10 Behavioral Health Software Market, By Functionality
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Cerner Corporation
- Netsmart Technologies, Inc.
- Qualifacts Systems Inc.
- Valant Medical Solutions
- Welligent, Inc.
- Core Solutions, Inc.
- The Echo Group
- Credible Behavioral Health
- Nextgen Healthcare Information Systems, Llc (A Fully Owned Subsidiary Of Quality Systems, Inc.)
- Epic Systems Corporation
For more information visit http://www.researchandmarkets.com/research/4pb9q3/behavioralmental
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Source:Research and Markets