Behavioral health software market to grow by 12.5% Y-O-Y from 2022 to 2023: Increasing adoption of EHRs will drive growth

NEW YORK, Dec. 14, 2022 /PRNewswire/ —

Behavioral health software market insights –

• Vendors: 15+, including Accumedic Computer Systems Inc., Advanced Data Systems Corp., Allscripts Healthcare Solutions Inc., Core Solutions Inc., Credible Behavioral Health Inc., Epic Systems Corp., EverCommerce Inc., Global Payments Inc., Holmusk USA Inc., Kareo Inc., Meditab Software Inc., Netsmart Technologies Inc., Ontrak Inc., Oracle Corp., and Raintree Systems Inc. among others.

• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

• Segments: Component, End-user, and Geography

To understand more about the behavioral health software market, request a sample report

In 2017, the behavioral health software market was valued at USD 1391.32 million. From a regional perspective, North America held the largest market share, valued at USD 649.05 million. The behavioral health software market size is estimated to grow by USD 2071.61 million from 2022 to 2027 at a CAGR of 13.5% according to Technavio.

Behavioral health software market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria

• Adoption rates

• Adoption lifecycle

• Drivers of price sensitivity

• For highlights on customer landscape analysis, download a sample!

Behavioral health software market – Vendor Insights

The global behavioral health software market is fragmented. The competition in the market is moderate due to the presence of large vendors, the entry of new vendors, technological innovations, and partnerships. Established vendors are acquiring small vendors to expand their product portfolios, enter emerging markets, and increase their market shares. All these factors will intensify the competition in the market during the forecast period. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –

Story continues

• Credible Behavioral Health Inc. – The company offers behavioral health software such as clinical credible software.

• Epic Systems Corp. – The company offers behavioral health software such as behavioral health screening software.

• EverCommerce Inc. – The company offers behavioral health software such as Neurosurgery EHR software.

• Global Payments Inc. – The company offers behavioral health software such as mental health coding software.

Behavioral health software market – Market Dynamics

Major Drivers – 

• Increasing adoption of EHRs

• The growing number of behavioral health issues

• Improving turnaround time efficiency

KEY challenges – 

Drivers & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a free sample report!

The behavioral health software market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

• Add credibility to strategy

• Analyzes competitor’s offerings

• Get a holistic view of the market

Grow your profit margin with Technavio- Buy the Report

What are the key data covered in this behavioral health software market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the behavioral health software market between 2023 and 2027

• Precise estimation of the size of the behavioral health software market size and its contribution to the market in focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the behavioral health software market industry across APAC, North America, Europe, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of behavioral health software market vendors

Gain instant access to 17,000+ market research reports. 
Technavio’s SUBSCRIPTION platform

Related Reports:

• The pharmacovigilance and drug safety software market size is expected to be valued at USD 72.74 million by 2026 with a progressing CAGR of 7.11%. The rising incidence rates of adverse drug events is notably driving the pharmacovigilance and drug safety software market growth, although factors such as high cost of ownership, installation, and maintenance may impede the market growth.

• The predicted growth of the healthcare information software market size from 2021 to 2026 is USD 11.76 billion at a progressing CAGR of 7.9%. The increasing adoption of EHRs is notably driving the market growth, although factors such as concerns about the security of patient data and cyberattacks may impede the market growth.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Component

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/behavioral-health-software-market-to-grow-by-12-5-y-o-y-from-2022-to-2023-increasing-adoption-of-ehrs-will-drive-growth—technavio-301702782.html

SOURCE Technavio