Mental health refers to the level of psychological comfort and well-being or absence of mental illness. In layman’s terms, it is the state of someone who is functioning at a satisfactory level of emotional and behavioral adjustment. Mental health software is a specialty software that allows behavioral health professionals to choose the best treatment plan for a person suffering from depression, stress, addiction, anxiety, etc. based on patient records and medical evidence. The software enables users to schedule online appointments and provides medical bill payments via mobile devices namely smartphones or laptops. Moreover, it can retrieve pharmacy, laboratory, and radiology data observations on the patients that are being treated. It also offers a detailed report focusing on the individual patient’s needs.
Mental Health Software Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Mental Health Software industry with an attention on the Global market. The report gives key insights available status of the Mental Health Software producers and is an important wellspring of direction and course for organizations and people keen on the business.
The global Mental Health Software Market was accounted for US$ 3,539.2 Mn in terms of value in 2019 and is expected to grow at CAGR of 12.7% for the period 2019-2027
In order to create customer-centric solutions, mental healthcare products and services are focused on investing in research and development efforts. Furthermore, increasing rivalry is encouraging organisations to develop new offerings and enhance old ones in order to broaden their product portfolio. Core Solutions Inc., for example, launched the Cx360 mobile behavioural health EHR application in 2014. This mobile application allows for single sign-on access to clinic and client demographic information. Among other things, this software helps the user to create and review contacts, appointments, treatment plants, and diagnoses.
Mergers and acquisitions are being pursued by key companies in the global mental health software market in order to improve their technological capabilities and get a competitive advantage in the industry. Quality System Inc. (QSI), for example, purchased Gennius Inc., a prominent provider of healthcare analytics, in 2015 in order to strengthen its analytics skills by increasing its business intelligence capabilities. In addition, in September 2015, Cerner Corporation bought Siemens AG's health information technology in order to broaden its client base and strengthen its global market position. The acquisition was valued at $1.37 billion USD. During the forecast period, this tendency is expected to continue.
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