The global telepsychiatry market is anticipated to grow at a CAGR of 19.5% during the forecast period (2023-2030). Telepsychiatry plays a critical role in improving access to mental health care, with over one in three outpatient visits being delivered by telehealth, according to Kaiser Family Foundation (for instance, 35% and 38% of outpatient visits were over telehealth for depression or anxiety, respectively). WHO estimates that the burden of mental health problems in India is 2443 disability-adjusted life years (DALYs) per 100 00 population; the age-adjusted suicide rate per 100 000 population is 21.1. The economic loss due to mental health conditions, between 2012-2030, is estimated at USD 1.03 trillion. The use of artificial intelligence (AI) and machine learning (ML) to assess mental health status and suicidal tendencies through apps and telehealth consultation is the new frontier in the battle against mental health disorders.
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They can also act as the crucial bridge between India's high population and the corresponding number of psychiatrists. At an average of 0.75 mental health professional for every 100,000 people, the anomaly is reflected on the ground where millions of people dealing with mental health issues continue to suffer because of stigma, ignorance and the unavailability of trained mental health professionals. Telehealth, social media apps, AI, robots, algorithm, and other cutting edge technologies are providing the public, doctors, and researcher new ways to access help, monitor progress, and increase understanding of mental well-being. The growing focus of Indians towards the use of technology to feel this gap is anticipated to drive the growth of the global market.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product
o Age Group
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- innovaTel, Advanced Telemed Services, SOC Telemed, Iris Telehealth, and e-Psychiatry among others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Telepsychiatry Market Report Segment
By Product
- In-Home Solutions
- Forensic Solutions
- Routine Solutions
- Crisis Solutions
By Age group
- Pediatric
- Adult
- Geriatric
By End-User
- Community Mental Health Centers
- Specialty Care Settings
- Homecare
- Operation Management
- Other (Skilled Nursing Facilities)
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Telepsychiatry Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Acadia Healthcare
· American Tele psychiatrists
· Ascension
· Behavioral Health services Inc.
· Centene Corp.
· Elevance Health Inc.
· Encounter Telehealth, LLC
· Insight Telepsychiatry
· MDLIVE Inc.
· Oracle Corp.
· Pyramid Healthcare, Inc.
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