Press release
Online Therapy Services Market is expected to reach USD 22.26 Billion by 2029 : Cognitive Market Research
Online Therapy Services Market is expected to reach USD 22.26 Billion by 2029 : Cognitive Market Research
Read Full Report with Table of Contents :
@- https://www.cognitivemarketresearch.com/online-therapy-services-market-report
Online therapy refers to psychotherapy counselling services that are delivered over the Internet. Online therapy allows patients to connect with a licensed therapist counsellor using an internet-connected device such as a computer, tablet, or smartphone. Online therapy enables patients to communicate with qualified professionals from remote locations avoiding the costs, travel time, and inconvenience of in-person meetings. Increasing accessibility for video conference platforms from therapists and patients increasingly seeking mental healthcare online is a key driving factor responsible for the growth of the online therapy services market over the forecast period. Many psychologists switched to telehealth services as a result of the COVID-19 pandemic, and clinical psychologists still conduct remote online counselling sessions. Additionally, the COVID-19 pandemic has increased the demand for online therapy as more people are looking for ways to access mental health services while staying safe at home is another factor that boosts the growth of this market. However, a lack of privacy and data security in mental health care services may limit the growth of this market. Furthermore, the market for online therapeutic services will soon have new chances for the tremendous growth of telemedicine in recent years.
Regional Analysis of the Online Therapy Services Market:
• North America is expected to account for a considerable revenue share in the online therapy services market during the forecast period, 2022-2029. The growth of the market is mainly attributed to the demand for mental health treatment continues to increase along with the increased use of digital telehealth services in the region. In North America, more people seek treatment for mental health conditions, so the demand for psychological therapies has increased rapidly. For example, demand for the treatment of depression grew with around 71.38% of psychologists who treat depressive disorders which have increased as compared with 60.31% in 2020.
Top players involved in the Global Online Therapy Services Market:
- Major players involved in online therapy services include
• American Well Corp.
• 7 Cups of Tea Co.
• BreakThrough Counseling Services
• Calmerry
• CareMe Health
• Cerebral Inc.
• CRN Solutions AB Corp.
• DocVita Inc.
• Felicity
• Heart It Out, HopeQure Wellness Solutions Pvt. Ltd.
• Manochikitsa Online Counseling & Therapy
• Mind Voyage
• Priory
• ReGain
• TALKSPACE INC
• TalktoAngel
• Teladoc Health Inc.
• ThriveTalk
• Thriveworks Counseling
• Others.
Segment Analysis:
• Based On The Type, the market is segmented into cognitive behavioral therapy, psychodynamic therapy, and personal centered therapy. The cognitive behavioral therapy segment led the global online therapy services market and is expected to remain in the leading position throughout the forecast period. The growth is mainly attributed to cognitive behavioral therapy is an essential therapy for treating and managing a wide range of mental health conditions and emotional challenges.
• Based On The Application, the market is segmented into residential use and commercial use. Residential use has dominated the end-user segment owing to the people finding online therapy convenient way as they take this therapy from the comfort of their own homes.
Related Report:
• Telehealth market - https://www.cognitivemarketresearch.com/telehealth-market-report
• Medical devices market - https://www.cognitivemarketresearch.com/medical-devices-market-report
• Dialysis machines market - https://www.cognitivemarketresearch.com/dialysis-machines-market-report
• Digital health market - https://www.cognitivemarketresearch.com/Digital-health-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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