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Telepsychiatry Market

Telepsychiatry - Global Market Outlook (2019 -2027)

4.5 (85 reviews)
Published: August 2020 ID: SMRC19825
4.5 (85 reviews)
Published: August 2020 ID: SMRC19825

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Telepsychiatry Market is accounted for $5.82 billion in 2019 and is expected to reach $30.34 billion by 2027 growing at a CAGR of 22.9% during the forecast period. While factors like increasing suicidal deaths, and rising incidence of mental health disorders are driving the growth of the market. However, reimbursement challenges & licensure, and privacy & confidentiality are hampering the market growth.

The telepsychiatry services help in providing affordable, convenient, and readily-accessible mental health services. Telepsychiatry, a subset of telemedicine, can involve providing a range of services including psychiatric evaluations, therapy (individual therapy, group therapy, family therapy), patient education, and medication management. It provides a practical and effective alternative to in-person psychiatric services. Psychiatrists are adopting telepsychiatry to provide treatment to those in rural and geographically isolated areas.

Based on the age group, the adult segment is going to have a lucrative growth owing to an increasing level of depression and anxiety which is increasing demand for virtual consultation in this age group. Furthermore, adults are very much accustomed to using smartphones and online services, which are further fueling the demand.

By geography, North America is estimated to have a huge demand in the forecast period due to increasing adoption of telepsychiatry technology, an increase in smartphone penetration, and favourable reimbursement policies.

Some of the key players profiled in the Telepsychiatry Market include Advanced Telemed Services, American Telepsychiatrists, Encounter Telehealth, LLC, e-Psychiatry, innovaTel Telepsychiatry, InSight Telepsychiatry, Iris Telehealth, MDLIVE Inc., SOC Telemed, and Telemynd.

Age Groups Covered:
• Adult
• Geriatric
• Pediatric and Adolescent

Product Types Covered:
• Crisis Telepsychiatry
• Forensic Telepsychiatry
• In-Home Telepsychiatry
• Routine Telepsychiatry   

End Users Covered:
• Community Mental Health Centers
• Hospitals
• Skilled Nursing Facilities
• Specialty Care Settings
• Homecare
• Clinic

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary         
          
2 Preface    
    
 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Product Analysis        
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Telepsychiatry Market, By Age Group         
 5.1 Introduction        
 5.2 Adult        
 5.3 Geriatric        
 5.4 Pediatric and Adolescent        
          
6 Global Telepsychiatry Market, By Product Type         
 6.1 Introduction        
 6.2 Crisis Telepsychiatry        
 6.3 Forensic Telepsychiatry        
 6.4 In-Home Telepsychiatry        
 6.5 Routine Telepsychiatry        
          
7 Global Telepsychiatry Market, By End User         
 7.1 Introduction        
 7.2 Community Mental Health Centers        
 7.3 Hospitals        
 7.4 Skilled Nursing Facilities        
 7.5 Specialty Care Settings        
 7.6 Homecare        
 7.7 Clinic        
          
8 Global Telepsychiatry Market, By Geography         
 8.1 Introduction        
 8.2 North America        
  8.2.1 US       
  8.2.2 Canada       
  8.2.3 Mexico       
 8.3 Europe        
  8.3.1 Germany       
  8.3.2 UK       
  8.3.3 Italy       
  8.3.4 France       
  8.3.5 Spain       
  8.3.6 Rest of Europe       
 8.4 Asia Pacific        
  8.4.1 Japan       
  8.4.2 China       
  8.4.3 India       
  8.4.4 Australia       
  8.4.5 New Zealand       
  8.4.6 South Korea       
  8.4.7 Rest of Asia Pacific       
 8.5 South America        
  8.5.1 Argentina       
  8.5.2 Brazil       
  8.5.3 Chile       
  8.5.4 Rest of South America       
 8.6 Middle East & Africa        
  8.6.1 Saudi Arabia       
  8.6.2 UAE       
  8.6.3 Qatar       
  8.6.4 South Africa       
  8.6.5 Rest of Middle East & Africa       
          
9 Key Developments         
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 9.2 Acquisitions & Mergers        
 9.3 New Product Launch        
 9.4 Expansions        
 9.5 Other Key Strategies        
          
10 Company Profiling         
 10.1 Advanced Telemed Services        
 10.2 American Telepsychiatrists        
 10.3 Encounter Telehealth, LLC        
 10.4 e-Psychiatry        
 10.5 innovaTel Telepsychiatry        
 10.6 InSight Telepsychiatry        
 10.7 Iris Telehealth        
 10.8 MDLIVE Inc.        
 10.9 SOC Telemed        
 10.10 Telemynd     


List of Tables          
1 Global Telepsychiatry Market Outlook, By Region (2018-2027) ($MN)         
2 Global Telepsychiatry Market Outlook, By Age Group (2018-2027) ($MN)         
3 Global Telepsychiatry Market Outlook, By Adult (2018-2027) ($MN)         
4 Global Telepsychiatry Market Outlook, By Geriatric (2018-2027) ($MN)         
5 Global Telepsychiatry Market Outlook, By Pediatric and Adolescent (2018-2027) ($MN)         
6 Global Telepsychiatry Market Outlook, By Product Type (2018-2027) ($MN)         
7 Global Telepsychiatry Market Outlook, By Crisis Telepsychiatry (2018-2027) ($MN)         
8 Global Telepsychiatry Market Outlook, By Forensic Telepsychiatry (2018-2027) ($MN)         
9 Global Telepsychiatry Market Outlook, By In-Home Telepsychiatry (2018-2027) ($MN)         
10 Global Telepsychiatry Market Outlook, By Routine Telepsychiatry (2018-2027) ($MN)         
11 Global Telepsychiatry Market Outlook, By End User (2018-2027) ($MN)         
12 Global Telepsychiatry Market Outlook, By Community Mental Health Centers (2018-2027) ($MN)         
13 Global Telepsychiatry Market Outlook, By Hospitals (2018-2027) ($MN)         
14 Global Telepsychiatry Market Outlook, By Skilled Nursing Facilities (2018-2027) ($MN)         
15 Global Telepsychiatry Market Outlook, By Specialty Care Settings (2018-2027) ($MN)         
16 Global Telepsychiatry Market Outlook, By Homecare (2018-2027) ($MN)         
17 Global Telepsychiatry Market Outlook, By Clinic (2018-2027) ($MN)         
18 North America Telepsychiatry Market Outlook, By Country (2018-2027) ($MN)         
19 North America Telepsychiatry Market Outlook, By Age Group (2018-2027) ($MN)         
20 North America Telepsychiatry Market Outlook, By Adult (2018-2027) ($MN)         
21 North America Telepsychiatry Market Outlook, By Geriatric (2018-2027) ($MN)         
22 North America Telepsychiatry Market Outlook, By Pediatric and Adolescent (2018-2027) ($MN)         
23 North America Telepsychiatry Market Outlook, By Product Type (2018-2027) ($MN)         
24 North America Telepsychiatry Market Outlook, By Crisis Telepsychiatry (2018-2027) ($MN)         
25 North America Telepsychiatry Market Outlook, By Forensic Telepsychiatry (2018-2027) ($MN)         
26 North America Telepsychiatry Market Outlook, By In-Home Telepsychiatry (2018-2027) ($MN)         
27 North America Telepsychiatry Market Outlook, By Routine Telepsychiatry (2018-2027) ($MN)         
28 North America Telepsychiatry Market Outlook, By End User (2018-2027) ($MN)         
29 North America Telepsychiatry Market Outlook, By Community Mental Health Centers (2018-2027) ($MN)         
30 North America Telepsychiatry Market Outlook, By Hospitals (2018-2027) ($MN)         
31 North America Telepsychiatry Market Outlook, By Skilled Nursing Facilities (2018-2027) ($MN)         
32 North America Telepsychiatry Market Outlook, By Specialty Care Settings (2018-2027) ($MN)         
33 North America Telepsychiatry Market Outlook, By Homecare (2018-2027) ($MN)         
34 North America Telepsychiatry Market Outlook, By Clinic (2018-2027) ($MN)         
35 Europe Telepsychiatry Market Outlook, By Country (2018-2027) ($MN)         
36 Europe Telepsychiatry Market Outlook, By Age Group (2018-2027) ($MN)         
37 Europe Telepsychiatry Market Outlook, By Adult (2018-2027) ($MN)         
38 Europe Telepsychiatry Market Outlook, By Geriatric (2018-2027) ($MN)         
39 Europe Telepsychiatry Market Outlook, By Pediatric and Adolescent (2018-2027) ($MN)         
40 Europe Telepsychiatry Market Outlook, By Product Type (2018-2027) ($MN)         
41 Europe Telepsychiatry Market Outlook, By Crisis Telepsychiatry (2018-2027) ($MN)         
42 Europe Telepsychiatry Market Outlook, By Forensic Telepsychiatry (2018-2027) ($MN)         
43 Europe Telepsychiatry Market Outlook, By In-Home Telepsychiatry (2018-2027) ($MN)         
44 Europe Telepsychiatry Market Outlook, By Routine Telepsychiatry (2018-2027) ($MN)         
45 Europe Telepsychiatry Market Outlook, By End User (2018-2027) ($MN)         
46 Europe Telepsychiatry Market Outlook, By Community Mental Health Centers (2018-2027) ($MN)         
47 Europe Telepsychiatry Market Outlook, By Hospitals (2018-2027) ($MN)         
48 Europe Telepsychiatry Market Outlook, By Skilled Nursing Facilities (2018-2027) ($MN)         
49 Europe Telepsychiatry Market Outlook, By Specialty Care Settings (2018-2027) ($MN)         
50 Europe Telepsychiatry Market Outlook, By Homecare (2018-2027) ($MN)         
51 Europe Telepsychiatry Market Outlook, By Clinic (2018-2027) ($MN)         
52 Asia Pacific Telepsychiatry Market Outlook, By Country (2018-2027) ($MN)         
53 Asia Pacific Telepsychiatry Market Outlook, By Age Group (2018-2027) ($MN)         
54 Asia Pacific Telepsychiatry Market Outlook, By Adult (2018-2027) ($MN)         
55 Asia Pacific Telepsychiatry Market Outlook, By Geriatric (2018-2027) ($MN)         
56 Asia Pacific Telepsychiatry Market Outlook, By Pediatric and Adolescent (2018-2027) ($MN)         
57 Asia Pacific Telepsychiatry Market Outlook, By Product Type (2018-2027) ($MN)         
58 Asia Pacific Telepsychiatry Market Outlook, By Crisis Telepsychiatry (2018-2027) ($MN)         
59 Asia Pacific Telepsychiatry Market Outlook, By Forensic Telepsychiatry (2018-2027) ($MN)         
60 Asia Pacific Telepsychiatry Market Outlook, By In-Home Telepsychiatry (2018-2027) ($MN)         
61 Asia Pacific Telepsychiatry Market Outlook, By Routine Telepsychiatry (2018-2027) ($MN)         
62 Asia Pacific Telepsychiatry Market Outlook, By End User (2018-2027) ($MN)         
63 Asia Pacific Telepsychiatry Market Outlook, By Community Mental Health Centers (2018-2027) ($MN)         
64 Asia Pacific Telepsychiatry Market Outlook, By Hospitals (2018-2027) ($MN)         
65 Asia Pacific Telepsychiatry Market Outlook, By Skilled Nursing Facilities (2018-2027) ($MN)         
66 Asia Pacific Telepsychiatry Market Outlook, By Specialty Care Settings (2018-2027) ($MN)         
67 Asia Pacific Telepsychiatry Market Outlook, By Homecare (2018-2027) ($MN)         
68 Asia Pacific Telepsychiatry Market Outlook, By Clinic (2018-2027) ($MN)         
69 South America Telepsychiatry Market Outlook, By Country (2018-2027) ($MN)         
70 South America Telepsychiatry Market Outlook, By Age Group (2018-2027) ($MN)         
71 South America Telepsychiatry Market Outlook, By Adult (2018-2027) ($MN)         
72 South America Telepsychiatry Market Outlook, By Geriatric (2018-2027) ($MN)         
73 South America Telepsychiatry Market Outlook, By Pediatric and Adolescent (2018-2027) ($MN)         
74 South America Telepsychiatry Market Outlook, By Product Type (2018-2027) ($MN)         
75 South America Telepsychiatry Market Outlook, By Crisis Telepsychiatry (2018-2027) ($MN)         
76 South America Telepsychiatry Market Outlook, By Forensic Telepsychiatry (2018-2027) ($MN)         
77 South America Telepsychiatry Market Outlook, By In-Home Telepsychiatry (2018-2027) ($MN)         
78 South America Telepsychiatry Market Outlook, By Routine Telepsychiatry (2018-2027) ($MN)         
79 South America Telepsychiatry Market Outlook, By End User (2018-2027) ($MN)         
80 South America Telepsychiatry Market Outlook, By Community Mental Health Centers (2018-2027) ($MN)         
81 South America Telepsychiatry Market Outlook, By Hospitals (2018-2027) ($MN)         
82 South America Telepsychiatry Market Outlook, By Skilled Nursing Facilities (2018-2027) ($MN)         
83 South America Telepsychiatry Market Outlook, By Specialty Care Settings (2018-2027) ($MN)         
84 South America Telepsychiatry Market Outlook, By Homecare (2018-2027) ($MN)         
85 South America Telepsychiatry Market Outlook, By Clinic (2018-2027) ($MN)         
86 Middle East & Africa Telepsychiatry Market Outlook, By Country (2018-2027) ($MN)         
87 Middle East & Africa Telepsychiatry Market Outlook, By Age Group (2018-2027) ($MN)         
88 Middle East & Africa Telepsychiatry Market Outlook, By Adult (2018-2027) ($MN)         
89 Middle East & Africa Telepsychiatry Market Outlook, By Geriatric (2018-2027) ($MN)         
90 Middle East & Africa Telepsychiatry Market Outlook, By Pediatric and Adolescent (2018-2027) ($MN)         
91 Middle East & Africa Telepsychiatry Market Outlook, By Product Type (2018-2027) ($MN)         
92 Middle East & Africa Telepsychiatry Market Outlook, By Crisis Telepsychiatry (2018-2027) ($MN)         
93 Middle East & Africa Telepsychiatry Market Outlook, By Forensic Telepsychiatry (2018-2027) ($MN)         
94 Middle East & Africa Telepsychiatry Market Outlook, By In-Home Telepsychiatry (2018-2027) ($MN)         
95 Middle East & Africa Telepsychiatry Market Outlook, By Routine Telepsychiatry (2018-2027) ($MN)         
96 Middle East & Africa Telepsychiatry Market Outlook, By End User (2018-2027) ($MN)         
97 Middle East & Africa Telepsychiatry Market Outlook, By Community Mental Health Centers (2018-2027) ($MN)
98 Middle East & Africa Telepsychiatry Market Outlook, By Hospitals (2018-2027) ($MN)         
99 Middle East & Africa Telepsychiatry Market Outlook, By Skilled Nursing Facilities (2018-2027) ($MN)         
100 Middle East & Africa Telepsychiatry Market Outlook, By Specialty Care Settings (2018-2027) ($MN)         
101 Middle East & Africa Telepsychiatry Market Outlook, By Homecare (2018-2027) ($MN)         
102 Middle East & Africa Telepsychiatry Market Outlook, By Clinic (2018-2027) ($MN)

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