The Emergence of COVID-19 to Augment Growth of the Mental Health Software Market

 

Mental Health Software Market

Mental health refers to cognitive, emotional, and behavioral well-being. It is all about how people feel, think, and behave. Mental health can affect relationships, daily living, and physical health. Mental health software supports the unique needs of the mental health, also known as the behavioral health. These software allow health professionals to choose the best treatment for an individual suffering from anxiety, addiction, stress, depression, etc. based on patient records and medical evidence. Mental health software also offers a detailed report focusing on the needs of the patient. The emergence of COVID-19 is expected to offer lucrative growth opportunities for players active in the mental health software market.

As the coronavirus pandemic rapidly sweeps across the world, it is inducing a considerable degree of fear, worry, and concern in the population. During the pandemic, it is common for everyone to experience increased levels of distress and anxiety, particularly as a result of social isolation. According to the Kaiser Family Foundation (KFF), a larger than average share of young adults (ages 18-24) report symptoms of anxiety and/or depressive disorder. As a result, in January 2021, Clarigent Health launched Clairity, an app-based listening tool designed to provide clinical decision support to mental health professionals.

The launch of Clairity comes as clinicians respond to a mental health crisis linked to months of stress, anxiety, and isolation due to the COVID-19 pandemic. Moreover, increasing adoption of behavior health software and high demand for mental health services are the major factors driving the mental health software market growth market. In June 2019, NextGen Healthcare, Inc. announced the launch of NextGen Behavioral Health Suite. NextGen Behavioral Health Suite is ideal for community health clinics, physician practices, public health departments and behavioral health centers that offer targeted case management, crisis intervention, residential substance use disorder (SUD) services, psychiatric rehabilitation, CCBHC support, and more.

Furthermore, growing geriatric population, increasing emphasis on telehealth, favorable health reforms, especially in the United States, and the increasing awareness regarding mental health software are major factors driving the mental health software market growth. For instance, in November 2019, the Telemental Health Expansion Act was introduced in the U.S. Congress, which aims at exempting the regional restrictions in the guidelines for the mental health services delivered via telehealth. Telehealth is an excellent option for providing mental health services and solutions with the help of mental health software, which is beneficial for both clinicians as well as patients.


Location: India

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