Telepsychiatry Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Telepsychiatry Market size was valued at USD 5.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 24% from 2021 to 2027.

Telemedicine can be defined as the process of providing health care through technology, primarily through the use of videoconferencing. Telepsychiatry is a sub-division of telemedicine that offers a variety of mental health solutions, such as therapy including family therapy, individual therapy, and group therapy. Psychiatric evaluation, drug management and patient education. Telepsychiatry includes direct communication between a patient and a psychiatrist or through a psychiatrist who supports primary care providers specializing in mental health. According to the National Alliance on Mental Illness, in the United States, more than 20% of adolescents between the ages of 13 and 18 have mental health problems. More than 11% of adolescents have a mood disorder. Similarly, more than 18.1% of American adults live with an anxiety disorder.

Market Segments

By Product

• In-home Solutions
• Forensic Solutions
• Routine Solutions
• Crisis Solutions

By Age Group

• Adult
• Pediatric and Adolescent
• Geriatric

Key Players

The leading players operating in the telepsychiatry market are Iris Telehealth, e-Psychiatry, LLC, InSight Telepsychiatry, eVisit, LLC, Advanced Telemed Services, InnovaTel, American Telepsychiatrists, TPsychiatry, Encounter Telehealth, JSA Health Psychiatry, FasPsych, LLC, Genoa, a QoL Healthcare Company, and Arcadian Telepsychiatryamong others.

Scope of the Report

The research study analyzes the global Telepsychiatry industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Telepsychiatry Market Report

1. What was the Telepsychiatry Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Telepsychiatry Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Telepsychiatry Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.