- Support Services
- Software
- Integrated Software
- Standalone Software
US Behavioural Healthcare Software market was valued at USD 1,294.4 million in 2023 and is poised to grow at a CAGR of 12% over 2023-2029. Behavioural Healthcare Software is a kind of electronic medical records (EMR) program created specifically to meet the demands of behavioral health specialty. The increased demand for special medical needs for mental and behavioral health patients in numerous environments drives the U.S. Behavioural healthcare software market. According to the National Institute of Mental Health, it is estimated that more than one in five U.S. adults live with a mental illness (57.8 million in 2021). Furthermore, the U.S. government has increased its investment associated with the treatment of behavioral health-related disorders and various campaigns for mental health awareness also propels the market growth.
The National Mental Health Awareness Campaign (NMHAC), a nationwide nonpartisan public education campaign, was launched to identify, discuss, and seek help for mental health problems; and create a more accepting environment for them to do so and also promote the usage of behavioral healthcare software. However, the privacy breach of data is the biggest concern for providers along with high-priced software solutions for customers hinders the growth of the market. However, the increase in government reforms for medical practice regulations along with the passing of the HIPAA and HITECH Act in the US to strengthen data security measures, improved access to the internet and mobile technologies, and greater adoption of EMR software are anticipated to burgeon the market growth.
US Behavioural Healthcare Software Market Key Developments:
- In July 2021, Amwell acquired two digital health companies SilverCloud Health, a digital mental health platform, and Conversa Health, which offers automated virtual healthcare for $320 million to expand its services beyond telehealth visits.
- In May 2021, Appriss Health, a leader in cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, backed by Clearlake Capital Group, L.P. and Insight Partners, announced today acquired PatientPing, a leader in care coordination data and software solutions focused on patients with complex needs and senior care.
- In August 2020, Warburg Pincus, a leading global private equity firm focused on growth investing, and Martis Capital, a private equity firm focused exclusively on the healthcare sector, merged their respective portfolio companies, Qualifacts and Credible Behavioral Health.
US Behavioural Healthcare Software Market Dynamics
The market is expected to rise owing to the greater adoption of Electronic Health Records (EHR) software. Hospitals and medical practices maintain and share patient medical records using EHR software, which also automates clinical operations including invoicing and claims. Healthcare providers uses an electronic health records or electronic medical records (EMR) system because patients need to be able to access their medical records outside of the doctor's office. The majority of US healthcare facilities now use EHR software as their preferred method of charting, thanks to the American Recovery and Reinvestment Act of 2009. The global move to digital records is occurring at the same time as the US EHR business is expanding. By 2021, almost all non-federal acute care hospitals (96%) and approximately four out of five office-based physicians (78%) had embraced certified EHRs.
Country Analysis
US Behavioural Healthcare Software Market
US Behavioural Healthcare Software Market is primarily driven by the growing prevalence of mental health disorders, the availability of sophisticated healthcare systems, and the presence of many key market participants. In addition, the rapid adoption of healthcare technologies in the U.S. is witnessed to fuel the market revenue in forecast period. An ADAA (Anxiety and Depression Association of America) survey found that around 40 million adults in the U.S. have anxiety disorders each year. The expansion of this region's market is aided by the increase in mental health problems and the number of medical practitioners with EHR training.
Latin America
Europe
Asia Pacific
Middle East
North America
US Behavioural Healthcare Software Market Segmentation
By Component
By Delivery Model
- Subscription Models
- Ownership Models
By Functionality
- Clinical Functionality
- Electronic Health Records (EHR)
- Clinical Decision Support (CDS)
- Care Plans/Health Management
- E-Prescribing
- Telehealth
- Administrative Functionality
- Patient/Client Scheduling
- Document/Image Management
- Case Management
- Business Intelligence (BI)
- Workforce Management
- Financial Functionality
- Revenue Cycle Management
- Managed Care
- Accounts Payable/General Ledger
- Payroll
By End User
- Community Clinics
- Hospitals
- Private Practices
Frequently Asked Questions
The US Behavioural Healthcare Software market size was valued at USD 1,294.4 Million in 2023
The increased demand for special medical needs for mental and behavioral health patients in numerous environments drives the US Behavioural healthcare software market.
Privacy breach of data is the biggest concern for providers along with high-priced software solutions for customers restraining the US Behavioural healthcare software market.
Centene Corporation, Talkspace, Amwell, Appriss Health, Cerner Corporation, Core Solutions, Inc., Epic, Meditab, Holmusk, Netsmart Technologies, Qualifacts Systems, Inc., Welligent, Inc., SimplePractice, LLC, TherapyNotes, LLC, and TheraNest are a few companies operating in US Behavioural healthcare software market.
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2. US Behavioural Healthcare Software Market Introduction |
| 2.1. US Behavioural Healthcare Software Market - Taxonomy |
| 2.2. US Behavioural Healthcare Software Market - Definitions |
| 2.2.1.Delivery Model |
| 2.2.2.Delivery Model |
| 2.2.3.Functionality |
| 2.2.4.End User |
| 3. US Behavioural Healthcare Software Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. US Behavioural Healthcare Software Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. US Behavioural Healthcare Software Market By Delivery Model, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Support Services |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Software |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. US Behavioural Healthcare Software Market By Delivery Model, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Subscription Models |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Ownership Models |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. US Behavioural Healthcare Software Market By Functionality, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Clinical Functionality |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Administrative Functionality |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Financial Functionality |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. US Behavioural Healthcare Software Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Community Clinics |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Hospitals |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Private Practices |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9. Competition Landscape |
| 9.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 9.2.1.Amwell |
| 9.2.2.Appriss Health |
| 9.2.3.Cerner Corporation |
| 9.2.4.Core Solutions, Inc. |
| 9.2.5.Epic |
| 9.2.6.Meditab |
| 9.2.7.Netsmart Technologies |
| 9.2.8.Qualifacts Systems, Inc. |
| 9.2.9.Welligent, Inc. |
| 9.2.10.SimplePractice, LLC |
| 9.2.11.TherapyNotes, LLC |
| 10. Research Methodology |
| 11. Appendix and Abbreviations |
- Centene Corporation
- Talkspace
- Amwell
- Appriss Health
- Cerner Corporation
- Core Solutions, Inc.
- Epic
- Meditab
- Holmusk
- Netsmart Technologies
- Qualifacts Systems, Inc.
- Welligent, Inc.
- SimplePractice, LLC
- TherapyNotes, LLC
- TheraNest