|07-20-2018 03:20 PM CET - Health & Medicine||
Telemental Health Market Outlook to 2024: Leading Key Players InTouch Technologies, Inc., Honeywell Life Care Solutions, BioTelemetry, Inc., OBS Medical Ltd., American Well and Others
Press release from: Data Bridge Market Research
Global Telemental Health Market report offers a detailed Outlook and future prospects of the Telemental Health Industry with analysis of major players that helps Industry experts, analysts and business decision makers to decide their business strategies and achieve proposed business aims.
Global Telemental Health Market competition by top players include - Cisco Systems, Inc., AMD Global Telemedicine, Aerotel Medical Systems, Medtronic, F. Hoffmann-La Roche Ltd., McKesson Corporation, Koninklijke Philips N.V., Otsuka America Pharmaceutical Inc., Cerner Corporation, Allscripts, InTouch Technologies, Inc., Honeywell Life Care Solutions, BioTelemetry, Inc., OBS Medical Ltd., American Well, Empower Interactive, Inc., MDLIVE Medical Group, PA, TalkSession Inc., Talkspace, Virtual Therapy Connect, Teladoc, Inc., wecounsel, Genoa, a QoL Healthcare Company, Medvivo Group Ltd, GlobalMed, TGH Acquisitions Ltd. and Vidyo, Inc. among others.
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Global Telemental Health Market accounted to USD 1.66 billion in 2016 growing at a CAGR of 25.12% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Telemental health is a division of Telehealth market. Telemental health, the use of telemedicine technology which provides mental health services from a distance. Additionally, it also provides consultation, supervision, health intervention, assessment, education, and information across distances.
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Based on geography, the market is segmented 5 geographical regions:
• North America
• South America
• Middle East and Africa
On the basis of type the market is segmented into telepsychology, telepsychiatry and telebehavioral health.
On the basis of component the market is segmented into services, software and hardware. Services are sub segmented into remote monitoring, real-time interactions and store-and-forward consultations. Software is sub segmented into integrated software and standalone software. Hardware is sub segmented into monitors, smartphones and wireless tools.
By mode of delivery the market is segmented into web-based delivery mode, cloud-based delivery mode and on-premise delivery mode.
By end user the market is segmented into providers, payers and patients.
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Market Drivers and Restraints:
• Prevalence of mental disorders in all age groups
• Time efficient and low cost services
• Rise in acceptance of telemental health
• Fewer facilities in the remote areas
• Lack of skilled expertise in remote areas
• Government initiatives
• Technological advancements in telecommunication infrastructure
The telemental health market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telemental health market for global, Europe, North America, Asia Pacific and South America.
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Telemental Health Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Global Telemental Health Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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