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A recent report published by Infinium Global Research on telemental health market provides in-depth analysis of segments and sub-segments in the global as well as regional telemental health market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional telemental health market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global telemental health market.
Telemental health, also called telepsychiatry or teletherapy, is the delivery of mental health facilities and is assisted through telecommunications technology. It permits persons to receive mental health care remotely, and classically through videoconferencing, phone calls, or online messaging mediums. Telemental health has gained important traction in recent years due to its ability to overcome geographical obstruction, increase convenience, and deliver more convenient options for persons looking for mental health support. In addition, the room of telemental health is the facility of care for underserved and countryside inhabitants. In many remote or medically underserved regions, access to mental health professionals is restricted, leading to unmet mental health requirements. Telemental Health links this gap by allowing persons in these regions to connect with mental health providers situated away, thus intensifying admittance to care. It not only improves access but also lessens the stigma associated with seeking mental health support, as persons can receive treatment from the secrecy of their homes. Moreover, telemental health has proven active in crisis interference, ongoing therapy, and even preventative mental health services, making it a vigorous tool for tackling mental health differences and refining overall well-being.
The telemental health market is driven by a rising demand for remote mental health services, driven in share by the COVID-19 pandemic. People search for reachable and suitable options for therapy and counseling, leading to a rise in telepsychiatry and teletherapy treatments to meet this demand. In addition, improvements in technology and the spread of mobile apps have importantly improved the suitability of mental health consultations, fueling the growth of the telemental health market. These innovations enable persons to contact therapy and support easily, making mental health care more manageable and reducing blockades to seeking help. However, limited access to high-speed internet and digital devices presents a substantial barrier to the expansion of the telemental health market. It hinders individuals in underserved or rural areas from participating in remote mental health services, creating differences in admission to care and obstructing the market's potential growth. Although, increasing reimbursement rules and cumulative adoption of telehealth within the health care system create promising opportunities for the telemental health market. As insurance coverage and regulations evolve to support remote mental health services, providers and patients alike are more inclined to embrace teletherapy, nurturing market growth.
The largest market share region in the telemental health market is North America, primarily driven by the United States. This region witnessed considerable progress due to the rising acceptance of telehealth technologies, reimbursement policies, and an elevated demand for mental health services. Also, Asia-Pacific region is the fastest-growing region in the telemental health market is Asia-Pacific. This growth is driven by numerous influences, comprising the rising awareness of mental health, the expansion of the telecom industry, and the cumulative occurrence of mental health problems. Countries such as India and China observed important growth in telemental health adoption as they were required to tackle mental health challenges among their vast populations.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 94.93 Billion |
| Market Size by 2030 | USD 370.95 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 16.28% |
| Largest Market | North America |
| No. of Pages | 350 |
| Market Drivers |
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| Market Segmentation | By Type, By Offering, By Mental Disorders, By Mode of Delivery, and By End User |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global telemental health market covers segments such as type, offering, mental disorders, mode of delivery, and end user. On the basis of type, the sub-markets include telepsychology, telepsychiatry, and telebehavioral health. On the basis of offering, the sub-markets include services, and systems. On the basis of mental disorders, the sub-markets include panic disorder, obsessive-compulsive disorder, depression, post-traumatic stress disorder, and others. On the basis of mode of delivery, the sub-markets include web-based delivery mode, cloud-based delivery mode, and on-premise delivery mode. On the basis of end user, the sub-markets include providers, payers, and patients.
The report provides profiles of the companies in the market such as Cisco Systems, Inc., Teladoc Health, Inc., Talkspace, WeCounsel, MDLIVE, Doctor on Demand by Included Health, Inc., AMD Global Telemedicine, Koninklijke Philips N.V., Tracxn Technologies Limited, and GoodTherapy, LLC.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the telemental health market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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