Mental Health Software Market Insights, Share, Growth Drivers and Future Scope

The global mental health software market is growing significantly, due to high potential of subscription model. During the forecast period, the providers segment is expected to hold the largest share, among all the end user segments of the global mental health software market, due to its extensive use for maintaining patient records and management revenue cycle. However, the residential segment is expected to grow with the highest rate during the forecasted period, due to increasing use of behavioral/ mental health solution by patients in their homes for better self-care. Among the various delivery models of mental health software, the subscription model segment is expected to grow with the faster rate, as it is user friendly and cost effective. Moreover, the support services led the component segment of the market, due to recurring requirement of these services for software up-gradation and management.

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The unexplored market in the mental health software industry of the developing economies is creating growth opportunities for the mental health software market. Some of the major trends in the global market are growing product innovation, increasing number of collaborations and partnerships, and increasing number of mergers and acquisitions. The mental health software helps behavioral health professionals to plan treatment for patients suffering from mental problems, such as depression, addiction, stress and anxiety. The software helps user to facilitate medical bills and schedule online appointments.

Geographically, North America is expected to dominate the global market in the coming years, due to increasing government support and increasing patient base seeking behavioral services. Asia is expected to be the fastest growing region, due to increasing healthcare expenditure and increasing government initiatives and support within the region. In addition, the market in Asia is growing, due to increasing awareness about mental health software in the emerging countries, such as India and China.

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Some of the companies operating in the global mental health software market are Epic Systems Corporation, McKesson Corporation, Cerner Corporation, MindLinc, Allscripts,The Echo Group, Netsmart Technologies Inc., Qualifacts Systems Inc., Practice Fusion, General Electric Company, eClinicalWorks, Core Solutions Inc., Welligent Inc., and Valant Inc.

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Health IT Security Market 2019 - Recent Study Including Growth Factors, Applications and Forecast till 2024

The global health IT security market is witnessing considerable growth due to stringent regulatory requirements and interconnected medical devices. Since the usage of interconnected medical device is continuously increasing, health IT security would play a major role in the safety of health information assembled and imparted from various smart devices to patients and care givers.

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Moreover, increasing use of mobile device, due to greater adoption of bring-your-own device policy, is supporting the growth of the market. The adoption of health IT security across the globe is increasing, owing to increasing number of healthcare data breeches. The market for healthcare IT security services segment is expected to grow at the faster rate compared to healthcare IT security products market in the forecasted period, as the end users in this market would require continuous support in the form of service to protect their IT infrastructure from increased advanced cyber-attacks.

The cloud security proposes new growth avenues of health IT security, and evolution of next generation IT security solution is expected to create opportunities for the market. In addition, massive unexplored market in developing economies are creating abundant opportunities for the health IT security market to grow at a significant rate in the coming years. However, limited cyber security professionals and limited spending on IT security are the key factors hampering the growth of the global market.

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The digital health technologies help to improve communication between patients and healthcare providers to reduce medical errors for better coordinated care. These technologies also help to share information with other healthcare organizations and providers, such as medical imaging facilities, emergency facilities, laboratories, clinics, and pharmacies. Reliability, better health management and cost efficiency are major goals to be achieved in healthcare sector.

Geographically, North America has been the largest market for health IT security, owing to large number of healthcare data breeches, and stringent regulatory requirements on data privacy in the region. The U.S. contributed largest revenue to the North American as well as global health IT security market. Europe has been the second largest market for health IT security, where the market is driven by the increasing number of cyber-attacks to misuse healthcare information of an individual. Globally, the health IT security market is expected to witness the fastest growth in Asia-Pacific during the forecast period. The highest growth in the region is attributed to the increasing awareness of IT security and increasing adoption of connected medical devices for managing increasing prevalence of chronic illness in the region.

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The key players operating in the global market are IBM Corporation, Symantec Corporation, Trend Micro Incorporated, Oracle Corporation, EMC Corporation, SailPoint Technologies, Dell Inc., Hewlett Packard, AT&T, and Intel Corporation.

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Peanut Allergy Therapeutics Analysis, Clinical Trials, Collaborations and Developments

Peanut allergy is one of the most common type of allergies caused by a legume, known as peanut. Peanut is an annual herbaceous plant that belongs to the family of legumes. Other examples of legumes that can cause the disease include lentils, peas, and soybeans. Peanut allergy can be unpredictable and life-threatening and can bring the body into shock (anaphylaxis). The study analyzed that peanut allergy therapeutics pipeline comprises approximately 19 drug candidates in different stages of development.

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According to the research findings, a majority of the drug candidates for the treatment of peanut allergy are being developed to be administered by the oral route which is convenient to take, and has been considered as non-invasive, and is often a safer route that requires no special training to be given to the patients.

It has been observed that most of the companies are developing drug candidates by using advanced technologies and the drug candidates have showed positive efficacy in the clinical as well as Pre-Clinical stage of development. For instance, BioLingus Inc. is utilizing its technology, BioLingus technology, which is a micro-encapsulation process, that delivers macro molecules such as peptides and proteins and is particularly effective for sublingual immunotherapy. With this technology, it has been observed in the Pre-Clinical models that sublingual IL-2 is found efficacious in 500th times lower amount than the investigational sublingual IL-2 therapy for the treatment of peanut allergy.

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Some of the key players involved in the development of peanut allergy therapeutics include Aimmune Therapeutics Inc., DBV Technologies S.A., and AnaptysBio Inc.

Source: P&S Intelligence

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