BRUSSELS, Belgium, May 10, 2022 (GLOBE NEWSWIRE) —
In recent years, the healthcare industry has seen the incursion of several vendors who offer software for behavioral and mental health practices: EHR, teletherapy, scheduling, customer engagement, billing and digital therapies to prevent, manage and treat medical disorders.
Request Behavioral/Digital Mental Health Market Solutions To go up In the midst of Covid-19 Pandemic
With lockdowns in place, social distancing enforced and apprehension widespread, Covid-19 has placed a considerable burden on managed healthcare and in particular on the care of neurological and psychiatric conditions.
The ubiquity of personal digital devices (smartphones, fitness trackers, tablets) and the launch of digital solutions have led to more frequent access to digital mental health tools and to more patients. Benefits such as therapeutic approaches to support large-scale, anywhere, anytime positive behavior change, on-demand help with no queues, convenience and ease of use have been key factors that have fueled his request.
Numerical behavior/Mental Health tools for children and adolescents Ready to open new avenues of growth
The mental well-being of children and adolescents is a matter of concern given that there are few pediatric mental health specialists in developed and developing economies. Long wait times for care and increasing numbers of children being sent to emergency rooms during mental health crises are a long-standing issue. To address these concerns, several digital health companies have entered the market. For example,
- In March 2022, Brightline, a leader in virtual behavioral healthcare for children, teens and families, secured $105 million in Series C funding. Brightline offers an on-demand digital platform, Connect, as well as its coaching programs and clinical services including behavioral therapy, assessment, medication support and speech therapy
“A limited number number of pediatric mental health specialists was a persistent publish in the United States. Virtual healthcare has exploded during the Covid-19 pandemic and that further exacerbated mental health crisis among children and young people. As a result, several companies are now targeting the behavioral health needs of children and adolescents.” – senior director, Virtual behavioral healthcare VendorUnited States
Organic and inorganic growth strategies adopted by players to gain a foothold in the digital behavioral/mental health market
The behavioral/mental health market is an emerging but competitive market marked by the presence of established players and new players. Players operating in the market are adopting both organic and inorganic growth strategies such as new product launches and acquisitions to gain market share. For example,
- In April 2022, Talkspace, the leading provider of virtual behavioral health services, launched a new suite of products – Talkspace Self-Guided, a suite of employer offerings designed to help executives, managers and teams prioritize and to develop emotional intelligence (EQ) and mental intelligence. well-being at work and outside
- In January 2022, CloudMD Software & Services Inc. acquired MindBeacon Holdings Inc., one of North America’s leading digital mental health care providers.
The digital behavioral / mental health market is a booming market that is expected to gain momentum in the coming years due to the increasing incidence and levels of awareness of mental health disorders, an environment of supportive funding, improved healthcare IT infrastructure, and aggressive organic and inorganic growth. strategies followed by players.
Competitive Landscape Analysis: Digital Behavioral/Mental Health Market
The global digital behavioral/mental health market is marked by the presence of key players such as Akili, Pear Therapeutics, Advanced Data Systems, AdvancedMD, Credible, Lyra Health, Spring Health, Brightline, Little Otter, among others.
Explore In-Depth Insights of Behavioral/Mental Health Digital Market @ https://meditechinsights.com/digital-behavioral-mental-health-market/
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