The global mental health software market is growing significantly, due to high potential of subscription model. During the forecast period, the providers segment is expected to hold the largest share, among all the end user segments of the global mental health software market, due to its extensive use for maintaining patient records and management revenue cycle. However, the residential segment is expected to grow with the highest rate during the forecasted period, due to increasing use of behavioral/ mental health solution by patients in their homes for better self-care. Among the various delivery models of mental health software, the subscription model segment is expected to grow with the faster rate, as it is user friendly and cost effective. Moreover, the support services led the component segment of the market, due to recurring requirement of these services for software up-gradation and management.
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Some of the factors driving the growth of the global market of mental health software are increasing government funding and support to improve behavioral healthcare services, behavioral health modifications, increasing healthcare expenditure, and increasing number of people pursuing behavioral health support. In addition, the increasing awareness among residential users and increasing adoption of electronic health record systems are also driving growth of the global market. However, the lack of data privacy, lack of skilled healthcare staff and physiatrists, difficulty in integration, and low adoption rate of the software are some of the factors, restraining the growth of the global mental health software market.
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Some of the factors driving the growth of the global market of mental health software are increasing government funding and support to improve behavioral healthcare services, behavioral health modifications, increasing healthcare expenditure, and increasing number of people pursuing behavioral health support. In addition, the increasing awareness among residential users and increasing adoption of electronic health record systems are also driving growth of the global market. However, the lack of data privacy, lack of skilled healthcare staff and physiatrists, difficulty in integration, and low adoption rate of the software are some of the factors, restraining the growth of the global mental health software market.
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