A Systematic Review of the Effectiveness of Telepsychiatry for Mental Health Treatment

The Telepsychiatry Market crossed the US$ 10.71 billion mark in 2022 and is expected to hit US$ 62.24 billion by 2030, recording a CAGR of 24.6% during the forecast period.

Telepsychiatry refers to medical services that allow patients and psychiatrists to interact directly. These services also include the provision of mental health counselling and expertise from primary care professionals. Telepsychiatry is a type of telemedicine that makes it easier to provide care by using telecommunications systems like video conferencing. Growing prevalence of psychiatric disorders along with shortage of psychiatric consultants, high cost of expert consultaions and penetration of advanced technologies are expected to drive market growth during the forecast period.

Get Sample PDF@: https://www.businessmarketinsights.com/sample/BMIRE00026871?utm_source=OpenPR&utm_medium=10279

Companies Profiled in this report includes:
• Array Behavioral Care
• Telemynd
• e-Psychiatry
• Advanced Telemed Services
• American Telepsychiatrists
• Iris Telehealth
• MDLIVE Inc.
• innovaTel Telepsychiatry
• Access TeleCare

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Telepsychiatry market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Telepsychiatry market segments and regions.

Telepsychiatry Market Segmentation:
Service Type:
• Routine Telepsychiatry
• Forensic Telepsychiatry
• Crisis Telepsychiatry
• In-Home Telepsychiatry
Age Group:
• Adult
• Pediatric and Adolescent
• Geriatric Population
End Use:
• Community Mental Health Centers
• Specialty Care Settings
• Skilled Nursing Facilities
• Homecare
• Others
Region
• North America
• Europe
• Asia Pacific (APAC)
• South & Central America
• Middle East & Africa

Rising geriatric population is one of the major factors accelerating the market growth:
Increasing geriatric population is driving the growth of telepsychiatry market due to the increasing mental health problems. According to World Health Organization (WHO), over 20% of adults aged 60 and over suffer from a mental or neurological disorder. Furthermore, according to the World Health Organization (WHO), the global population of people aged 60 years and older is constantly increasing, and it will double to around 2.1 billion from 1 billion in 2020. Also, the same age group is expected to be approximately 1.4 billion by 2030. Likewise, the number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Thus, the rising geriatric population is creating a demand for telepsychiatry owing to high mental illness among older people, bolstering market growth.

Purchase a copy of this Report@: https://www.businessmarketinsights.com/buy/single/BMIRE00026871?utm_source=OpenPR&utm_medium=10279

The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2022-2030? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Telepsychiatry market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Telepsychiatry market?
4. What are the prominent market trends influencing the development of the Telepsychiatry market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Telepsychiatry market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Contact us:
If you have any questions about this report or would like further information, please contact us:
Contact person: Sameer Joshi
Email: sales@businessmarketinsights.com
Phone: +16467917070
Blog URL: https://bmiinsights.blogspot.com/

About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

This release was published on openPR.