Telemental Health Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

The telemental health market is expected to reach US$ 25.8 billion by 2028 and would foresee a CAGR of 31.1% from 2021 to 2028. Telemental health offers health services via telecommunications or videoconferencing. Such healthcare is a new multidisciplinary approach based over information technology and computer science offering psychiatric services to patients timely and by affordable means imparting effective and adaptable solutions for curing mental ailment globally. Telemental health care seems as a lucrative growth in the upcoming future due to the advantageous and inexpensive usage owing to adaptable designs in remote isolated areas where immediate health services are unavailable. Moreover, telemedicine doesn’t need huge technology infrastructure setup thus results in decentralization of healthcare sector. Technologies such as chatbots, robots are beneficial in gathering information of patients, making diagnosis and preparing future medicine owing to shortage of beds and healthcare workers marks a potential for the telehealth market growth. Further, big data analytics helps in data processing collected from the telehealth services via historical data to find disease prediction and its ailment. Increasing use of smartphones and high-speed internet services is escalating the market growth. Moreover, effective and timely treatment, enhanced insurance coverage for telecommunicating patients will scale the growth of market in the upcoming years.

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Telemental Health market report includes analysis by mental disorders, type, component, mode of delivery, end- user and geographically. By mental disorders, the report segments into panic disorder, obsessive-compulsive disorder, depression, posttraumatic stress disorder. By type, it segregates into telepsychology, telepsychiatry, telebehavioral health, teleradiology, tele-consultation, tele-ICU, tele-stroke, tele-dermatology and other applications. By component, the market is segmented into product and services. Product type is further bifurcated into software & services and hardware. Services is further sub- classified into tele-consulting, tele-monitoring and tele-education. By mode of delivery, it 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.
Geographically, North America accounts for the largest share in the overall telemental health market owing to increased geriatric population. Further, Asia- Pacific is predicted to grow at higher rate owing to growing chronic diseases and crowded health centers.

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The major players covered in the telemental health market report are Koninklijke Philips N.V., Medtronic, GE Healthcare, Cerner Corporation, Siemens Healthineers, Cisco Systems, Inc., Teladoc Health Inc., American Well, AMC Health, MDLive, Doctor on Demand, Medvivo Group Ltd, Asahi Kasie Corporation, Iron Bow Technologies, Telespecialists Llc, GlobalMed, MedWeb, IMediplus Inc, Vsee, Chiron Health, and Zipnosis among others.

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