Telemental Health Global Market Shows Strong Growth by Koninklijke Philips N.V., Otsuka America Pharmaceutical Inc., Cerner Corporation, Allscripts, InTouch Technologies, Inc

The Global Telemental Health Market report has been produced with the systematic gathering and analysis of information about individuals or organizations conducted through social and opinion research. With the studies, insights, and analysis mentioned in the report, you get a comprehensible idea about the marketplace with which you can take business decisions quickly and easily. The worldwide Telemental Health Market advertise report comprises of all the organization profiles of the key players and brands. Market definition covered in this Telemental Health Market report studies the market drivers and market restraints with which businesses can get idea of whether to increase or decrease the production of a particular product.

Competition analysis has been given high importance while preparing this Telemental Health Market report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. Market expectations for likely development openings have been mentioned clearly in this Telemental Health Market research report. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about absolute knowhow of general market conditions and tendencies with the information and data covered in this Telemental Health Market report.

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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.

Market Definition:

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 market growth.

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), and few among others.

Market Drivers

The 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

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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.

Report Opportunities

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Telemental Health Market
2. Market Penetration: Comprehensive information on the product portfolios of the top players in the Global Telemental Health Market.
3. 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
4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Telemental Health Market
5. The report offers market share appraisals for regional and global levels

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