Telepsychiatry Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Telepsychiatry Market: By Area of Use (Direct Patient Care, Consul-station, Training & Education, and Research), Type (Synchronous and Asynchronous) Communication Mode (Telephone, Instant Messaging Chat Rooms, Video Conferencing, and Others) Type of Mental Illness (Depression, PTSD, Panic Disorder, Schizophrenia, Substance Abuse, and Others) End User (Hospitals, Psychiatry Clinics, Primary Health Centre, and Others) and Geography

 

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Report

Description

At a current value of USD 6,183.4 Million Telepsychiatry Market size is expected to have a cumulative CAGR of 17.6% over the forecast period of 2022-2028. There is a severe lack of specialist mental health care, which contributes to the infamous “Mental Health Gap,” despite the high frequency of mental diseases and their potentially crippling effects. The rural-urban and tertiary-primary care difference is further exacerbated by the services’ concentration in cities. The two main options seem to be bolstering and extending the current human resources and infrastructure and incorporating mental health into primary care. However, both systems have a prolonged gestation time and are beset by logistical challenges. Telepsychiatry, often known as e-mental health, is the use of information and communication technology to deliver or assist psychiatric care over long distances, and it looks to be a potential solution in this situation. A growing trend in mental health treatment is telepsychiatry, which uses videoconferencing to link patients with psychiatrists who are located elsewhere. In areas with little resources or in clinical settings where in-person therapy is not possible, telepsychiatry is an efficient therapeutic intervention that increases access to high-quality care. There are opportunities for research in the development and validation of quantitative and qualitative indices to measure clinical service, satisfaction, and experience and thus ensure access to quality care, even though satisfaction with telepsychiatry is frequently reported as high among service users and service providers alike. Mainly telepsychiatry was delivered in telephonic calls or text messages, but after the pandemic, with the advancement of video conferencing technology and people’s habituation in online mode, the communication mode between the patient and psychiatrist shifted to video conferencing Mental health problems are still considered taboo or nothing serious in rural areas and in some populations in urban areas. Though the awareness of mental health and its potential effect on one’s lifestyle and career is still increasing, individuals seeking for help fears to speak up in public for fear of being judged or isolated in society. Here comes the big solution of telepsychiatry; with the increase of Video Conferencing technology and easy availability of the internet and smartphones, individuals in need of help can quickly seek the same privately and conveniently in a comfortable environment. As for solutions to mental problems needs, the patient’s sense of comfort to speak up is of utmost necessity; the availability of service at the bedside and face-to-face discussion through video conferencing will drive the growth of the Global Telepsychiatry Market size in the forecast period. A study conducted on patients from 32 different countries shows that the number of patients seeking help for mental illness remains more or less constant both in 2019 and 2020 but not surprisingly, due to the pandemic, most of them are shifted to the online mode thus implying the growth potential of the global telepsychiatry market growth in the upcoming decade. Moreover, the study also reveals that the global prevalence was 28% in case of Depression, 26.9% in case of anxiety, 24.1% in case of PTSD, 36% for Stress, 50% for Psychological Disorders, and 27.6% for Sleep problems after the covid 19. According to WHO, 1 in 8 people globally is affected by Mental health issue. This percentage is going high day by day due to social stress and other stress in modern society. This high prevalence along with an estimated high incidence rate will drive the global telepsychiatry market in the forecast period. The rural and urban technological accessibility gaps are major problems in developing countries. Further, although anonymity is maintained in accordance with patient requirements people are still reluctant to seek medical help for mental problems as they think this will cure automatically and doesn’t want to spend. Also, data security is the major issue inhibiting online service. The service provider has to ensure complete data privacy and security telepsychiatric processes. This uncertainty and drawbacks acts as major restrains for the global telepsychiatry market to grow.

Key Developments

In August 2022, Evoke Health Solutions announces to launch of Telehealth Services to Nigerians.

In August 2022, Malaysia-based startup Qmed Asia launches a telehealth kiosk for corporate employers.

Telepsychiatry Market

MARKET SUMMARY
-
17.6%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 17.6%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Telepsychiatry Market

  • The telepsychiatry market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The telepsychiatry market is segmented based on area of use, type, communication mode, consumers, type of mental lllness, end user, and geography.
Company Profiles
  • InSight Telepsychiatry
  • TELEMYND
  • e-Psychiatry
  • Advanced Telemed Services
  • American Telepsychiatrists
  • Iris Telehealth
Telepsychiatry Market Dynamics

With the advancement of modern society there comes the side effects of it in the form of mental health issues. According to WHO data over 700,000 people takes their own life and there are many more attempted suicides. The average age for suicide incidence globally stands between 15-30 years of age. There is a forest in Japan that is called suicide forest as it’s a leading suicide site in Japan. The above data are the tip of the iceberg of the issue of mental health globally. Due to various psychological and social reasons, people suffering from mental health issues are reluctant to seek help before taking the ultimate step. There is also an increase in the number of patients suffering from PTSD who will normally due to their illness, be reluctant to speak up about his/her problem. Thus, telepsychiatry is becoming the leading solution to the societal burden of mental health issues. Bringing the solution to private, face-to-face, and bedroom comfort areas the demand for the telepsychiatric market is increasing very rapidly. With most of the efforts being unorganized before the pandemic the market for telepsychiatry is about to boom in the forecast period. Moreover, the procedure being cost-effective and time flexible patients are also complying with the procedure. Further, after the pandemic with the accessibility of the internet and smartphone, telepsychiatric services are able to reach their patients more easily than before which will boost the telepsychiatric market share in the estimated period. Lastly, there is an increase in both governmental and corporate level efforts to take care of their employee’s mental health and conducting awareness programs thus they are also appointing various telepsychiatric service providers which will again give a thrust in the market growth.


North American Got Significant Share

Telepsychiatry Market

Being the most developed countries and having a modern society the North American region is also the most affected region of mental health issues. By the global Telepsychiatric market analysis, it is found that in 2020 North American region generated the highest revenue. Moreover, the movement restriction during the lockdown period and home arrest situation boosted the prevalence of mental health problems in American Society. Thus, telepsychiatry services became the only go-to solution for the population. Moreover, there is a governmental-level initiative to provide telepsychiatric services to war veterans and prison inmates where remote locations and transportation to institutes for psychiatric care are the main inhibiting factors, telepsychiatric services becoming the ultimate solution. With the increase in the availability of smartphones and the internet even in the rural areas of the developing countries due to lockdown and with an increase in governmental-level awareness programs about mental health the Asia-Pacific countries are projected to become the fastest growing market in this telepsychiatric market report.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
Telepsychiatry Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The telepsychiatry market is projected to expand at a 17.6% CAGR during the forecast period

InSight Telepsychiatry, TELEMYND, e-Psychiatry, Advanced Telemed Services, American Telepsychiatrists, Iris Telehealth, MDLIVE Inc., innovaTel Telepsychiatry, SOC Telemed, Encounter Telehealth, LLC

North American is the fastest-growing region for telepsychiatry market


Report

Table Of Content

1. Executive Summary
2. Global Telepsychiatry Market Introduction
2.1. Global Telepsychiatry Market – Taxonomy
2.2. Global Telepsychiatry Market –Definitions
2.2.1. By Area of Use
2.2.2. By Type
2.2.3. By Communication Mode
2.2.4. By Type of Mental Illness
2.2.5. By End User
2.2.6. By Region
3. Global Telepsychiatry Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Telepsychiatry Market Dynamic Factors – Impact Analysis
3.6. Global Telepsychiatry Market – Competition Landscape
3.7. Epidemiology
4. Global Telepsychiatry Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Telepsychiatry Market, By Area of Use, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Direct Patient Care (Diagnosis and Management)
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Consultation
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Training and Education
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Research
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Telepsychiatry Market, By Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Synchronous
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Asynchronous
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Telepsychiatry Market Forecast, By Communication Mode, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. Telephone
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Instant Messaging Chat Rooms
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Video Conferencing
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Telepsychiatry Market Forecast, By Type of Mental Illness, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. Depression
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. PTSD
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Panic Disorder
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Schizophrenia
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Substance Abuse
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Others
8.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
9. Global Telepsychiatry Market Forecast, By End User, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Hospitals
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Psychiatry Clinics
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Primary Health Centre
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Others
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
10. Global Telepsychiatry Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. North America
10.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Telepsychiatry Market – Opportunity Analysis Index, By Area of Use, By Type, By Communication Mode, By Type of Mental Illness, By End User, Region, 2022 – 2028
11. North America Telepsychiatry Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Area of Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Direct Patient Care (Diagnosis and Management)
11.1.2. Consultation
11.1.3. Training & Education
11.1.4. Research
11.2. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Synchronous
11.2.2. Asynchronous
11.3. Communication Mode Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Telephone
11.3.2. Instant Messaging Chat Rooms
11.3.3. Video Conferencing
11.3.4. Others
11.4. Type of Mental Illness Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Depression
11.4.2. PTSD
11.4.3. Panic Disorder
11.4.4. Schizophrenia
11.4.5. Substance Abuse
11.4.6. Others
11.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.5.1. Hospitals
11.5.2. Psychiatry Clinics
11.5.3. Primary Health Centre
11.5.4. Others
11.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Telepsychiatry Market – Opportunity Analysis Index, By Area of Use, By Type, By Communication Mode, By Type of Mental Illness, By End User, Country, 2022 – 2028
11.8. North America Telepsychiatry Market Dynamics – Trends
12. Europe Telepsychiatry Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Area of Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Direct Patient Care (Diagnosis and Management)
12.1.2. Consultation
12.1.3. Training & Education
12.1.4. Research
12.2. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Synchronous
12.2.2. Asynchronous
12.3. Communication Mode Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Telephone
12.3.2. Instant Messaging Chat Rooms
12.3.3. Video Conferencing
12.3.4. Others
12.4. Type of Mental Illness Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Depression
12.4.2. PTSD
12.4.3. Panic Disorder
12.4.4. Schizophrenia
12.4.5. Substance Abuse
12.4.6. Others
12.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.5.1. Hospitals
12.5.2. Psychiatry Clinics
12.5.3. Primary Health Centre
12.5.4. Others
12.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Rest of Europe
12.7. Europe Telepsychiatry Market – Opportunity Analysis Index, By Area of Use, By Type, By Communication Mode, By Type of Mental Illness, By End User, Country, 2022 – 2028
12.8. Europe Telepsychiatry Market Dynamics – Trends
13. Asia-Pacific Telepsychiatry Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Area of Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Direct Patient Care (Diagnosis and Management)
13.1.2. Consultation
13.1.3. Training & Education
13.1.4. Research
13.2. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Synchronous
13.2.2. Asynchronous
13.3. Communication Mode Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Telephone
13.3.2. Instant Messaging Chat Rooms
13.3.3. Video Conferencing
13.3.4. Others
13.4. Type of Mental Illness Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Depression
13.4.2. PTSD
13.4.3. Panic Disorder
13.4.4. Schizophrenia
13.4.5. Substance Abuse
13.4.6. Others
13.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.5.1. Hospitals
13.5.2. Psychiatry Clinics
13.5.3. Primary Health Centre
13.5.4. Others
13.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. China
13.6.2. India
13.6.3. Japan
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Telepsychiatry Market – Opportunity Analysis Index, By Area of Use, By Type, By Communication Mode, By Type of Mental Illness, By End User, Country, 2022 – 2028
13.8. Asia-Pacific Telepsychiatry Market Dynamics – Trends
14. Latin America Telepsychiatry Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
14.1. Area of Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Direct Patient Care (Diagnosis and Management)
14.1.2. Consultation
14.1.3. Training & Education
14.1.4. Research
14.2. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Synchronous
14.2.2. Asynchronous
14.3. Communication Mode Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Telephone
14.3.2. Instant Messaging Chat Rooms
14.3.3. Video Conferencing
14.3.4. Others
14.4. Type of Mental Illness Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.4.1. Depression
14.4.2. PTSD
14.4.3. Panic Disorder
14.4.4. Schizophrenia
14.4.5. Substance Abuse
14.4.6. Others
14.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.5.1. Hospitals
14.5.2. Psychiatry Clinics
14.5.3. Primary Health Centre
14.5.4. Others
14.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Argentina
14.6.4. Rest of Latin America
14.7. Latin America Telepsychiatry Market – Opportunity Analysis Index, By Area of Use, By Type, By Communication Mode, By Type of Mental Illness, By End User, Country, 2022 – 2028
14.8. Latin America Telepsychiatry Market Dynamics – Trends
15. Middle East and Africa Telepsychiatry Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
15.1. Area of Use Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.1.1. Direct Patient Care (Diagnosis and Management)
15.1.2. Consultation
15.1.3. Training & Education
15.1.4. Research
15.2. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.2.1. Synchronous
15.2.2. Asynchronous
15.3. Communication Mode Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.3.1. Telephone
15.3.2. Instant Messaging Chat Rooms
15.3.3. Video Conferencing
15.3.4. Others
15.4. Type of Mental Illness Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.4.1. Depression
15.4.2. PTSD
15.4.3. Panic Disorder
15.4.4. Schizophrenia
15.4.5. Substance Abuse
15.4.6. Others
15.5. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.5.1. Hospitals
15.5.2. Psychiatry Clinics
15.5.3. Primary Health Centre
15.5.4. Others
15.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. Israel
15.6.3. South Africa
15.6.4. Rest of MEA
15.7. MEA Telepsychiatry Market – Opportunity Analysis Index, By Area of Use, By Type, By Communication Mode, By Type of Mental Illness, By End User, Country, 2022 – 2028
15.8. MEA Telepsychiatry Market Dynamics – Trends
16. Competition Landscape
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
16.2.1. InSight Telepsychiatry
16.2.2. TELEMYND
16.2.3. e-Psychiatry
16.2.4. Advanced Telemed Services
16.2.5. American Telepsychiatrists
16.2.6. Iris Telehealth
16.2.7. MDLIVE Inc.
16.2.8. innovaTel Telepsychiatry
16.2.9. SOC Telemed
16.2.10. Encounter Telehealth, LLC
17. Research Methodology
18. Key Assumptions and Acronyms

Report

Company Profile

  • InSight Telepsychiatry
  • TELEMYND
  • e-Psychiatry
  • Advanced Telemed Services
  • American Telepsychiatrists
  • Iris Telehealth
  • MDLIVE Inc.
  • innovaTel Telepsychiatry
  • SOC Telemed
  • Encounter Telehealth, LLC

Description

At a current value of USD 6,183.4 Million Telepsychiatry Market size is expected to have a cumulative CAGR of 17.6% over the forecast period of 2022-2028. There is a severe lack of specialist mental health care, which contributes to the infamous “Mental Health Gap,” despite the high frequency of mental diseases and their potentially crippling effects. The rural-urban and tertiary-primary care difference is further exacerbated by the services’ concentration in cities. The two main options seem to be bolstering and extending the current human resources and infrastructure and incorporating mental health into primary care. However, both systems have a prolonged gestation time and are beset by logistical challenges. Telepsychiatry, often known as e-mental health, is the use of information and communication technology to deliver or assist psychiatric care over long distances, and it looks to be a potential solution in this situation. A growing trend in mental health treatment is telepsychiatry, which uses videoconferencing to link patients with psychiatrists who are located elsewhere. In areas with little resources or in clinical settings where in-person therapy is not possible, telepsychiatry is an efficient therapeutic intervention that increases access to high-quality care. There are opportunities for research in the development and validation of quantitative and qualitative indices to measure clinical service, satisfaction, and experience and thus ensure access to quality care, even though satisfaction with telepsychiatry is frequently reported as high among service users and service providers alike. Mainly telepsychiatry was delivered in telephonic calls or text messages, but after the pandemic, with the advancement of video conferencing technology and people’s habituation in online mode, the communication mode between the patient and psychiatrist shifted to video conferencing Mental health problems are still considered taboo or nothing serious in rural areas and in some populations in urban areas. Though the awareness of mental health and its potential effect on one’s lifestyle and career is still increasing, individuals seeking for help fears to speak up in public for fear of being judged or isolated in society. Here comes the big solution of telepsychiatry; with the increase of Video Conferencing technology and easy availability of the internet and smartphones, individuals in need of help can quickly seek the same privately and conveniently in a comfortable environment. As for solutions to mental problems needs, the patient’s sense of comfort to speak up is of utmost necessity; the availability of service at the bedside and face-to-face discussion through video conferencing will drive the growth of the Global Telepsychiatry Market size in the forecast period. A study conducted on patients from 32 different countries shows that the number of patients seeking help for mental illness remains more or less constant both in 2019 and 2020 but not surprisingly, due to the pandemic, most of them are shifted to the online mode thus implying the growth potential of the global telepsychiatry market growth in the upcoming decade. Moreover, the study also reveals that the global prevalence was 28% in case of Depression, 26.9% in case of anxiety, 24.1% in case of PTSD, 36% for Stress, 50% for Psychological Disorders, and 27.6% for Sleep problems after the covid 19. According to WHO, 1 in 8 people globally is affected by Mental health issue. This percentage is going high day by day due to social stress and other stress in modern society. This high prevalence along with an estimated high incidence rate will drive the global telepsychiatry market in the forecast period. The rural and urban technological accessibility gaps are major problems in developing countries. Further, although anonymity is maintained in accordance with patient requirements people are still reluctant to seek medical help for mental problems as they think this will cure automatically and doesn’t want to spend. Also, data security is the major issue inhibiting online service. The service provider has to ensure complete data privacy and security telepsychiatric processes. This uncertainty and drawbacks acts as major restrains for the global telepsychiatry market to grow.

Key Developments

In August 2022, Evoke Health Solutions announces to launch of Telehealth Services to Nigerians.

In August 2022, Malaysia-based startup Qmed Asia launches a telehealth kiosk for corporate employers.

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