U.S. Behavioral Health Care Software And Services Market Size & Outlook
U.S. behavioral health care software and services market, 2017-2030 (US$M)
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U.S. behavioral health care software and services market highlights
- The U.S. behavioral health care software and services market generated a revenue of USD 1,201.5 million in 2022 and is expected to reach USD 2,999.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.1% from 2023 to 2030.
- In terms of segment, software was the largest revenue generating component in 2022.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Behavioral health care software and services market data book summary
| Market revenue in 2022 | USD 1,201.5 million |
| Market revenue in 2030 | USD 2,999.8 million |
| Growth rate | 12.1% (CAGR from 2022 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Support Services, Software |
| Key market players worldwide | Cerner Corporation, Core Solutions, Epic Corp, Netsmart Technologies, Qualifacts Systems, Welligent, Meditab Software, Holmusk |
Other key industry trends
- In terms of revenue, U.S. accounted for 36.5% of the global behavioral health care software and services market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. behavioral health care software and services market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 462.8 million by 2030.
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Behavioral Health Care Software And Services Market Scope
Behavioral Health Care Software And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. behavioral health care software and services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to behavioral health care software and services market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 83.23% in 2022. Horizon Databook has segmented the U.S. behavioral health care software and services market based on support services, software covering the revenue growth of each sub-segment from 2017 to 2030.
Around 18.5% adults in the U.S., nearly 43.8 million, suffer from mental illnesses. Serious mental diseases are responsible for losses worth USD 193.2 billion every year. The reimbursement scenario in the U.S. for behavioral health software is promising.
Medicare provides reimbursement for tele-mental health services. The covered costs include consultation charges, clinic visits, psychotherapy, pharmacology management, and interactive audio & video sessions.
In 2012, Medicare introduced diagnostic codes for reimbursement of tele-mental health services. In the U.S., around 39 states have established guidelines related to telehealth reimbursements. The total expenditure by the Centers for Medicare and Medicaid Services on mental health services was estimated to be around USD 130 billion in 2015 and is likely to cross USD 200 by 2025.
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Our clientele includes a mix of behavioral health care software and services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. behavioral health care software and services market , including forecasts for subscribers. This country databook contains high-level insights into U.S. behavioral health care software and services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. behavioral health care software and services market size, by component, 2017-2030 (US$M)
U.S. Behavioral Health Care Software And Services Market Outlook Share, 2022 & 2030 (US$M)
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