A new report shows that the market for mental health software is growing very fast. The rapid growth is being attributed largely due to government funding to place electronic health systems in behavioral health organizations. But this sector also includes software that helps patients get better access to the shortage of providers.
Mobile applications are set to solve some of the problems inherent with the shortage of behavioral health experts, allowing the telemedicine market to grow. Mobile interventions can provide quality care to their patients at lower costs.
“Behavioral/Mental Health Software Market by Component (Service, Software), Delivery (Subscription, Ownership), Functionality (Clinical, Administrative, Financial), End User (Clinic, Hospital, Private Practice, Payer), and Region – Global Forecast to 2022“, published by MarketsandMarkets™, the market is expected to reach USD 2.31 Billion by 2022 from USD 1.15 Billion in 2017, at a CAGR of 14.8%.