Global Digital Behavioural Health Services Market, By Technology (Telecare, Telehealth), mHealth (Wearables, Apps, Digital Health System), End Use (Providers, Community Clinics, Hospitals, Private Practices, Payers, Patients) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Behavioural health issues are caused by a lack of positive emotions, as well as a variety of physical, emotional, and behavioural symptoms. It is a very common symptom that affects 1 in every 5 people. A person may require various types of behavioural health services. Behavioural health problems affect 7.4 percent of children aged 3 to 18 years, and it is the second-leading cause of global disability. There are numerous factors that contribute to behavioural health issues.
- Data Bridge Market Research analyses that the Digital Behavioural Health Services market is expected to reach the value of USD 139.93 million by the year 2029, at a CAGR of 8.40% during the forecast period. “Healthcare providers” accounts for the largest end user segment in the Digital Behavioural Health Services market owning to the presence of government mandates and rise in healthcare costs.
Market Definition
Behavioural health is the biology of a person's well-being, ability to function in daily life, and behaviours. People with behavioural health issues may experience depression, anxiety, stress, addiction, learning disability, and mood disorder. In this case, behavioural health services can help with treatment. The conditions can be caused by biological factors such as genetics, anatomical structures, and chemicals, or by psychological factors such as trauma. Understanding the root cause of behavioural health issues can aid in determining the best treatment strategy.
Digital Behavioural Health Services Market Dynamics
Drivers
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The rise in the adoption of digital health monitoring
Due to the general rise in the prevalence of round-the-clock inspection of patients and health monitoring of patients, the digital health monitoring devices market is expected to expand, driving the digital behavioural health services market. The familiarity of being healthy and fit and keeping track of it through the use of digital health gears is also expected to induce mammoth scale growth in the favour of digital behavioural health services market.
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The increase in the cases of sleep disorders as well as apnea
This market's growth is being attributed to a variety of factors, including rising IT technologies, the digital revolution, user-friendly graphical interfaces, mobile devices for cardiac patients, advancing wireless monitoring devices, increased care prevalence, and a greater emphasis on quality-based treatment regimens, all of which are playing a significant role in market growth and business expansion globally for digital behavioural health services. The growing number of people battling sleep disorders and the population affected by sleep apnea has contributed to the potential growth of the digital behavioural health services market. This surge in business will continue in a fruitful cycle of maximum yield for the next seven years.
Opportunities
The budget for mental health services is growing. The government is launching new initiatives to improve treatment for people with behavioural health disorders. People are not using digital methods, such as software programmes, to deal with mental health issues. All of these factors will create opportunities in the market for behavioural health services.
Restraints/Challenges
During the forecasted period of 2022 to 2029, the digital behavioural health services market is expected to face some challenges, such as high costs required to maintain service compliance, and the restored data is vulnerable to damage or theft.
This Digital Behavioural Health Services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Digital Behavioural Health Services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Digital Behavioural Health Services Market
People with behavioural or mental health issues face numerous risks as a result of the covid-19. People with behavioural health problems are experiencing disruptions in treatment, lifeline support services, and medication as a result of the government's lockdown and social distancing guidelines, which is having a negative impact on the behavioural health services market. People are becoming more depressed as a result of the covid-19 pandemic, as they are confined to their homes all of the time. To prevent the spread of Coronavirus, people infected with Covid-19 must remain alone. As a result, it has an effect on their mental health. The growing prevalence of mental health issues is expected to propel the behavioural health services industry during the forecast period.
Recent Development
- Battery Ventures created a cloud-based software platform specifically designed for mental health centres to improve people's behavioural health in February 2021.
Global Digital Behavioural Health Services Market Scope
The digital behavioural health services market is segmented on the basis of technology, mhealth and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Telecare
- Telehealth
On the basis of technology, the digital behavioural health services market is segmented into telecare, telehealth. Telecare is further sub-segmented into activity monitoring, and remote medication management. Telehealth is further sub-segmented into LTC monitoring, and video consultation.
M Health
- Wearables
- Apps
- Digital health system
On the basis of mhealth, the digital behavioural health services market is segmented into wearables, apps, and digital health system. Wearables are further is sub-segmented into BP monitors, glucose meter, pulse oximeter, sleep apnea monitors, and neurological monitors. Apps are further bifurcated into medical, and fitness. Digital health system is further sub-segmented into EHR, and e-prescribing system.
End User
- providers
- community clinics
- hospitals
- private practices
- payers
- patients
On the basis of end use, the digital Behavioural health services market is sub-segmented into providers, community clinics, hospitals, private practices, payers, and patients.
Digital Behavioural Health Services Market Regional Analysis/Insights
The digital behavioural Health Services market is analysed and market size insights and trends are provided by country, technology, mhealth and end use.as referenced above.
The countries covered in the digital behavioural health services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the digital behavioural health services market due to a high prevalence of patients and thriving healthcare infrastructure, whereas Asia-Pacific is expected to grow at the fastest rate during the forecast period of 2022 to 2029 due to the focus of various established market players on expanding their presence in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The digital behavioural health services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital behavioural health services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the digital behavioural health services market. The data is available for historic period 2010-2020.
Competitive Landscape and Digital Behavioural Health Services Market Share Analysis
The digital behavioural health services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital behavioural health services market.
Some of the major players operating in the digital behavioural health services market are Allscripts Healthcare, LLC, BioTelemetry, Inc., eClinicalWorks, iHealth Labs Inc., McKesson Corporation, Koninklijke Philips N.V., AT&T Intellectual Property., Cerner Corporation, Cisco Systems, athenahealth, Inc., Qualcomm Technologies, Inc., NXGN Management, LLC, The Echo Group, Meditab among others.
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