Global Telemental Health Market Astonishing Growth | Top Competitors like AMD Global Telemedicine, Inc (US), Aerotel Medical Systems (1998) Ltd. (Israel), Medtronic (Ireland), F. Hoffmann-La Roche Ltd

Data Bridge Market Research has recently added a concise research on the Global Telemental Health Market to depict valuable insights related to significant market trends driving the industry. A market research analysis and estimations carried out in the credible Global Telemental Health Market research report guides businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the report as required to describe the topic and provide maximum information for better decision making. Effortlessness maintained in research method and application of best tools and techniques makes Global Telemental Health Market report an exceptional one.

The market data analysed and evaluated in the world class Global Telemental Health Market  report makes to achieve the business goals and objectives in preset time frame. This market research report endows with productive ideas which in turn help to make the product more effective and striking in the competitive market. This report covers the specific study of the industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The Global Telemental Health Market  research report takes into account key product developments and tracks recent acquisitions, mergers and research in the industry by the key market players.

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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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.

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.

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.

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

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:

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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