Increasing government funding and initiatives toward mental health services will boost the worth of the mental health software market to $18.3 billion by 2030, Global Market Insights reported May 11.
The demand for quality mental health services has increased in recent years, particularly because of the COVID-19 pandemic. This led to an increased awareness of the effect mental health disorders have and a better understanding of available treatment options that is expected to continue in coming years, contributing to behavioral health software market share increase.
Rising government funding and initiatives to manage mental health; the increasing popularity of mental health software, for example, the development and maintenance of telehealth services; and the creation of more community clinics internationally all will contribute to the significant growth of the market.