Asia Pacific Mental Health Software Market growth and size factors are revealed.

Posted by rohan on March 7th, 2018

Asia Pacific Mental Health Software Market was worth USD 240 million in 2016 and estimated to be growing at a CAGR of 14.86%, to reach USD 480 million by 2021. Mental health software is custom-built software which assists psychologists in understanding the behaviour patterns of patients and suggest them best treatment plans to deal against anxiety, stress, addiction, depression etc. Mental health software is widely used software by many professionals. It has the ability to retrieve laboratory, pharmacy and radiology data observations on the patients who have been treated.

The software has various features for better operations which display patient demographics in concurrence with the admission facility of the hospital i.e. the application records displays availability of bed/s & current census and patient demographics as well. The software further assists in producing a customized report to address individual needs of patients. In simple words, a mental health software also acts as an ERP which helps healthcare professionals run their practices, and proving effective for patient records, workflow, administration management, care delivery, billing and coding.

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The driving factors of Asia Pacific Mental Health Software market are behavioural health reforms, government initiatives in order to increase behavioural healthcare services around the globe, and the growing number of people seeking behavioural health support are likely to drive market growth. However, the market is constrained by factors such as data privacy concerns, lower adoption rate of behavioural health EHRs, and dearth of psychiatrists and healthcare IT professionals.

Key points:

  • Introduction
  • Research Methodology
  • Overview
  • Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
  • Market Segmentation
  • Geographical Analysis
  • Strategic Analysis
  • Market Leaders' Analysis
  • Competitive Landscape
  • Expert Opinions

The Asia Pacific Mental Health Software market is segmented based on delivery model into subscription models and ownership models. Subscription model has the largest share, which can be owed to higher level of interoperability, data centralization capacities, software auto-upgrades and ease of customization. By component, market is segmented into support services, integrated mental health software and standalone behavioural health software. By end user, market is categorised into hospitals, community clinics, private practices, residential and payers.

The Asia Pacific Mental Health Software market is divided based on geography into India, China, Japan, Australia and other parts of the region. Asia Pacific has the second largest market for Mental Health Software in the world by share. It is the fastest growing region in the world. Factors such as growing awareness about behavioural health support and supportive government initiatives are expected to propel the market growth in the region.

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Some of the major players in the market are Cerner Corporation (U.S.), Core Solutions (U.S.), Credible Behavioral Health (U.S,), MindLinc (U.S.), Epic Systems Corporation (U.S.), Netsmart Technologies (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Qualifacts (U.S.), The Echo Group (U.S.), Valant, Medical Solutions Inc. (U.S.), and Welligent (U.S.) amongst others.

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rohan

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rohan
Joined: September 20th, 2017
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