Global Telemental Health Market with a CAGR of 24.65% Latest Trends and Forecast Analysis Up to 2026 with top Key Players Cisco Systems, Inc. (US), AMD Global Telemedicine, Inc (US), Aerotel Medical Systems (1998) Ltd. (Israel), Medtronic (Ireland), F. Ho
Global Telemental Health Market is expected to rise gradually to an estimated value of USD 15.15 billion by 2026, registering a CAGR of 24.65% in the forecast period of 2019-2026 with the annual sales of USD 2.60 billion in the year of 2018. This rise in market value can be attributed to the increasing awareness and concerns regarding the health of patients.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.
According to World Health Organization, there were approximately 500 million people having mental disorders, almost more than half of these cases could have been avoided with the availability of proper medical treatment. This significant number is expected to act as a driver to the market growth.
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Key Market Competitors: Global Telemental Health Market
Few of the major competitors currently working in the telemental health market are
• Cisco Systems Inc. (US)
• AMD Global Telemedicine Inc (US)
• Aerotel Medical Systems (1998) Ltd. (Israel)
• Medtronic (Ireland)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• McKesson Corporation (US)
• Koninklijke Philips N.V. (Netherlands)
• Otsuka America Pharmaceutical Inc. (US)
• Cerner Corporation (US)
• Allscripts (US)
• InTouch Technologies Inc. (US)
• Resideo Technologies Inc. (US)
• BioTelemetry Inc. (US)
• OBS Medical Ltd. (UK)
• American Well (US)
• Empower Interactive Inc. (US)
• MDLIVE Inc. (US)
• TalkSession Inc. (US)
• Talkspace (US)
• Virtual Therapy Center LLC (US)
• Teladoc Inc. (US)
• WeCounsel (US)
Competitive Analysis: Global Telemental Health Market
Global telemental health market is highly fragmented and the major players have used various strategies such as new product launches, expansions, 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, South America and Middle East & Africa.
Table of Content:
01: Executive Summary
02: Scope of The Report
03: Global Telemental Health Market Landscape
04: Global Telemental Health Market Sizing
05: Global Telemental Health Market Segmentation by Product
06: Five Forces Analysis
07: Customer Landscape
08: Geographic Landscape
09: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
Table of Contents Available For this Market Download Free TOC : https://databridgemarketresearch.com/toc/?dbmr=global-telemental-health-market
Market Drivers
• Prevalence of mental disorders in all age groups is going to drive the market.
• Time efficient and low cost services
• Rise in acceptance of telemental health
Market Restraints
• Fewer facilities in the remote areas
• Lack of skilled expertise in remote areas
• Fewer government initiatives taken in this direction.
• Technological advancements in telecommunication infrastructure
Segmentation: Global Telemental Health Market
By Mental Disorders
• Panic disorder
• Obsessive-Compulsive Disorder
• Depression
• Posttraumatic Stress Disorder
By Type
• Telepsychology
• Telepsychiatry
• Telebehavioral Health
By Component
• Services
• Software
• Hardware
By End- User
• Providers
• Payers
By Mode of Delivery
• Web-Based Delivery Mode
• Cloud-Based Delivery Mode
• On-Premise Delivery Mode
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Key Developments in the Market:
• On 17th April, 2018, AMD Global Telemedicine Inc., announced the development of OnDemand Visit, a direct-to-consumer telehealth platform. OnDemand Visit is a platform for healthcare providers to manage their own virtual care offerings, as an alternative to outsourcing their telemedicine needs and services.
• On 5th March, 2019, McKesson Corporation, the global healthcare leader, announced collaboration with technology leader Navigating Cancer, to offer an enhanced Patient Relationship Management (PRM) platform for community-based oncologists. This platform is a comprehensive clinical workflow tool for oncology teams and patients that provides integrated, personalized care.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report :
• Current and future of global telemental health market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Contact: Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearc
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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