Global Mental Health Software and Devices Market Outlook 2020-2030

Global Mental Health Software and Devices Market Analysis 2020-2030

The global mental health software and devices market is anticipated to grow with a CAGR of 13.28% during the forecast period, i.e., 2021 - 2030. Factors such as the rising advancements in the field of medical science, followed by the increasing number of initiatives of the government of nations to promote the awareness on mental health, are expected to create numerous opportunities for market growth. Besides this, factors such as the increasing prevalence for different types of mental disorders amongst individuals, along with the growing awareness to treat these diseases, are anticipated to drive the growth of the market in the coming years. The global mental health software and devices market is estimated to garner a revenue of close to USD 13370 Million by the end of 2030, up from a revenue of near about USD 3880 Million in the year 2020.

The global mental health software and devices market is segmented into numerous segments, which include segmentation by component, software delivery model, functionality, mode of access, end-user, and by region. Based on end-user, the market is segmented into community clinics, hospitals, private practices, and home care settings. The community clinics segment, amongst all the other segments, is projected to garner the largest revenue of around USD 5670 Million by the end of 2030. Moreover, in the year 2020, the segment generated a revenue of near to USD 1640 Million.

On the basis of regional analysis, the global mental health software and devices market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America, amongst the market in all the other regions, is anticipated to garner the largest revenue of about USD 5380 Million by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of close to USD 1560 Million.

Some of the prominent industry leaders in the global mental health software and devices market that are included in our report are Cerner Corporation, Netsmart Technologies, Inc., Qualifacts Systems, Inc., Valant, NXGN Management, LLC, Core Solutions, Inc., Holmusk USA, Inc., The Echo Group, Welligent, Inc., Credible Behavioral Health, Inc., IBM, and others.