PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550636
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550636
Telepsychiatry Market, By Product, By Age Group, By End User, By Geography
Global telepsychiatry market is estimated to be valued at USD 9.58 Bn in 2024 and is expected to reach USD 34.25 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 20% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 9.58 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 20.00% | 2031 Value Projection: | US$ 34.25 Bn |
Telepsychiatry refers to the delivery of psychiatric services using telecommunication and information technologies, in order to overcome geographical barriers and improve access to mental healthcare when distance separates the psychiatrist from the patient. It allows for evaluation, diagnosis, consultation as well as ongoing monitoring of patients using interactive video and audio telecommunications systems. This emerging field has the potential to address issues such as shortages of mental healthcare providers in remote and rural areas and provide more convenient access to specialized psychiatrists for patients. With accelerated implementation of digital health solutions worldwide during the pandemic, telepsychiatry can witness growth in the near future.
Market Dynamics:
Global telepsychiatry market growth is driven by factors such as shortage of mental healthcare professionals globally especially in developing countries, rising prevalence of mental health disorders, need for improved accessibility of psychiatric care, growing acceptance of telehealth practices and cost-effectiveness of telepsychiatry services. However, lack of comprehensive reimbursement policies, privacy and security concerns regarding confidential patient information and lack of regulation can hamper the market growth. The unprecedented COVID-19 pandemic offer opportunities for telepsychiatry with more payers and providers recognizing its benefits. Integrating telepsychiatry services with emerging technologies such as mobile apps, remote patient monitoring devices and virtual reality headsets offers lucrative avenues for market expansion.
Key features of the study:
This report provides in-depth analysis of the global telepsychiatry market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global telepsychiatry market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include InSight Telepsychiatry, American Telepsychiatrists, Iris Telehealth, SOC Telemed, Advanced Telemed Services, FasPsych, Genoa Healthcare, Encounter Telehealth and InnovaTel
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global telepsychiatry market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global telepsychiatry market
Detailed Segmentation-
- By Product Insights (Revenue, USD, 2019 - 2031)
- In-home solutions
- Forensic solutions
- Routine solutions
- Crisis solutions
- Others
- By Age Group Insights (Revenue, USD, 2019 - 2031)
- Adult
- Pediatric and Adolescent
- Geriatric
- By End User Insights (Revenue, USD, 2019 - 2031)
- Community Mental Health Centers
- Specialty Care Settings
- Skilled Nursing Facilities
- Homecare
- Others
- By Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Teladoc Health
- American Well
- Doctor On Demand
- MDLive
- Amwell
- HealthTap
- Talkspace
- BetterHelp
- Mindstrong Health
- Ginger
- Lyra Health
- Quartet Health
- Valera Health
- Regroup Therapy
- Array Behavioral Care
- Iris Telehealth
- Genoa Healthcare
- Mindpath Health
- NeuroFlow
- Meru Health
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Telepsychiatry Market, By Product
- Global Telepsychiatry Market, By Age Group
- Global Telepsychiatry Market, By End User
- Global Telepsychiatry Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Telepsychiatry Market, By Product, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- In-home solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Forensic solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Routine solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Crisis solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Telepsychiatry Market, By Age Group, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Adult
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Pediatric and Adolescent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Geriatric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Telepsychiatry Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Community Mental Health Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Specialty Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Skilled Nursing Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Homecare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Telepsychiatry Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Teladoc Health
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- American Well
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Doctor On Demand
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- MDLive
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Amwell
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- HealthTap
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Talkspace
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BetterHelp
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mindstrong Health
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ginger
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Lyra Health
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Quartet Health
- Valera Health
- Regroup Therapy
- Array Behavioral Care
- Iris Telehealth
- Genoa Healthcare
- Mindpath Health
- NeuroFlow
- Meru Health
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
