Behavioral Health Technology

Noble, a mental health app, launched a service designed to help physicians better treat and monitor patients who need support.

Sensate raised more than $1 million in funding for its stress management device in an investment round. 

Tech startup Happy Health raised $60 million in funding for its ring designed to measure stress and mood. 

Digital medicine company Akili raised more than $163 million by combining with public trade acquisition company Capital Survetta Holdings.

The mental health app market is projected to be valued at $9.9 billion by 2028, an increase of about 240 percent from 2021's value of $4.1 billion, according to a report by Vantage Market Research.

Measurement-based care has been shown to produce better outcomes than usual standard care, which does not involve measurement. But multiple studies have shown a majority of behavioral health clinicians still do not use measurement-based care.

Text-based mental health support provider HearMe and healthcare staffing firm Ingenovis Health partnered to create a free support system for travel nurses available 24/7.

The mental health software market value is on track to reach $5.6 billion by 2028, led by three industry developments, according to a market research study published Aug. 8. by Facts and Factors.

Abbott's deep brain stimulation device was awarded the FDA's breakthrough device designation for treatment-resistant depression, Abbott said July 27. 

Smitta Patel, MD, a psychiatrist at the UCLA Semel Institute for Neuroscience and Human Behavior, is joining VyTrac Health's medical advisory board.