Global Telemental Health Market Is Projected To Witness Vigorous Expansion By 2026 | Cisco Systems, Inc., AMD Global Telemedicine, Inc, Aerotel Medical Systems (1998) Ltd., Medtronic, F. Hoffmann-La Roche Ltd., McKesson Corporation

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.

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.

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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., AMD Global Telemedicine, Inc, Aerotel Medical Systems (1998) Ltd., Medtronic, F. Hoffmann-La Roche Ltd., McKesson Corporation, Koninklijke Philips N.V., Otsuka America Pharmaceutical Inc., 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 Definition: Global Telemental Health Market 

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.

Global Telemental Health Market By Mental Disorders (Panic disorder, Obsessive-Compulsive Disorder, Depression, Posttraumatic Stress Disorder), Type (Telepsychology, Telepsychiatry, Telebehavioral Health), Component (Services, Software, Hardware), Mode of Delivery (Web-Based Delivery Mode, Cloud-Based Delivery Mode, On-Premise Delivery Mode), End- User (providers, payers and patients), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

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.

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

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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)

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