Healthcare

Digital Behavioral Health Services Market Size, Global Industry Analysis, Share, Growth, Latest Trends, Revenue, Regional Outlook 2021 – 2030

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The digital behavioral health services market is estimated to grow at a noteworthy CAGR of 30.5% during forecast period 2021 to 2030 and is expected to reach around US$ 939.40 billion by 2030.

2020 was characterized by high growth in venture funding with $2.4B invested in US-based digital health startups that serve behavioral health needs (either exclusively or alongside other services).2 In addition to growth in overall funding, deal count (67), and average deal size ($36.0M) were 1.5x, and 1.2x greater, respectively, in 2020 than the previous high watermark in 2018. Shrenik Jain of Marigold, a company that offers peer support for mental health and substance use disorders, highlighted COVID as the accelerant, remarking that the large influx of funding “would have happened at some point even without COVID, but COVID was a forcing function.”

Report Coverage

Though most behavioral health funding has gone to larger, later-stage rounds (Series B+)4 since 2011, most deals have been early-stage (Seed & Series A), signaling investors’ continued commitment to new innovation. Even so, alongside overall increases in digital health venture investment, investors have increasingly poured more money into later-stage digital behavioral health companies. While the average deal size for early-stage deals has remained relatively consistent over the last five years, the average deal size for later-stage digital behavioral health companies has increased substantially ($23.7M in 2016 to $64.2M in 2020).

Report Scope Details
Market Size US$ 939.40 Bn by 2030
Growth Rate CAGR of 30.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Technology, mHealth, End Use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 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

The Digital Behavioral Health Services market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Digital Behavioral Health Services market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Digital Behavioral Health Services market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Behavioral Health Services market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Digital Behavioral Health Services market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Digital Behavioral Health Services capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Digital Behavioral Health Services by regions (countries) and application.

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Consolidation for clinical and digital capabilities has sped up and will likely continue

Following the overall exit trend of digital health startups, behavioral health startups are most likely to exit via acquisition, rather than via IPO (or these days, via SPAC). Still, five generalist behavioral health companies—Teladoc, Livongo, Amwell, SOC Telemed, and Hims & Hers—have gone public to date with the latter two doing so through a SPAC. Talkspace, a company exclusively focused on behavioral health, announced in January 2021 that it plans to go public via a SPAC by the end of Q1 2021.

Meanwhile, the 2020 acquisition market included nine M&A deals in which either the acquirer or target was a digital behavioral health company.6 Consolidation in behavioral health in part signals a shift to address behavioral health needs in the context of whole person care. Going forward, we anticipate M&A activity that mimics the strategies of 2020:

  • Digital behavioral health companies continue to build out their capabilities (e.g., Ginger’s acquisition of LiveBetter in March 2020)
  • Companies serving behavioral health and other clinical needs combine efforts (e.g., Sharecare’s acquisition of MindSciences in June 2020, Livongo’s merger with Teladoc in October 2020)
  • Companies with a behavioral health component add new, additional clinical indications to their portfolio (e.g., Omada’s acquisition of Physera in May 2020)
  • Companies not operating in behavioral health add those new assets to their repertoire. Interestingly, and in the case of Triggr and Proteus’ respective acquisitions, the underlying technology that enables behavioral health treatment (i.e., in the case of Triggr, care coordination and predictive analytics) may be valued not just for behavioral health applications but for its broad applicability to other clinical indications.

Key Players

  • 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

Market Segmentation

  • By Technology
    • Telecare
    • Telehealth
  • By mHealth
    • Wearables
    • Apps
    • Digital Health System
    • Others
  • By End Use
    • Providers
    • Community Clinics
    • Hospitals
    • Private Practices
    • Payers
    • Patients
  • By Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • The U.K.
      • France
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Digital Behavioral Health Services market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Digital Behavioral Health Services market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Digital Behavioral Health Services market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Digital Behavioral Health Services industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Digital Behavioral 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 Behavioral Health Services market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Digital Behavioral Health Services market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Digital Behavioral Health Services market. These factors have benefited the growth of the global market for Digital Behavioral Health Services. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Digital Behavioral Health Services. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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