Market Analysis: Global Telemental Health Market
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.
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.
- 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
- 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: Global Telemental Health Market
By Mental Disorders
- Panic disorder
- Obsessive-Compulsive Disorder
- Posttraumatic Stress Disorder
- Telebehavioral Health
By End- User
By Mode of Delivery
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
- On-Premise Delivery Mode
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
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.
Research Methodology: Global Telemental Health Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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)