Global Telemental Health Market, By Mental Disorders (Panic disorder, Obsessive-Compulsive Disorder, Depression, Posttraumatic Stress Disorder), Type (Telepsychology, Telepsychiatry, Telebehavioral Health), Component (Services, Software, Hardware, RPM, Real-Time), Mode of Delivery (Web-Based Delivery Mode, Cloud-Based Delivery Mode, On-Premise Delivery Mode), End User (Providers, Payers and Patients) – Industry Trends and Forecast to 2030.
Telemental Health Market Analysis and Size
Telemental health services are frequently seen as the major means of delivering healthcare to persons living in rural areas and consumers who have limited mobility, time, or transportation options. During the COVID-19 pandemic, telemental health has become a critical component of healthcare.
Data Bridge Market Research analyses that the global telemental health market which was USD 129,744.97 million in 2022, is expected to reach USD 840,073.60 million by 2030, and is expected to undergo a CAGR of 26.3% during the forecast period 2023-2030. This indicates that the market value. “Services” dominates the component segment of the global telemental health market due to contributing factors such as more virtual consultations, teleconsultation reimbursements by government policies, and increased financing for technology. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Telemental Health Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Mental Disorders (Panic disorder, Obsessive-Compulsive Disorder, Depression, Post-traumatic Stress Disorder), Type (Telepsychology, Telepsychiatry, Telebehavioral Health), Component (Services, Software, Hardware, RPM, Real-Time), Mode of Delivery (Web-Based Delivery Mode, Cloud-Based Delivery Mode, On-Premise Delivery Mode), End User (Providers, Payers and Patients)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cisco Systems, Inc. (U.S.), AMD Global Telemedicine, Inc (U.S.), Aerotel Medical Systems (1998) Ltd. (Israel), Medtronic (Ireland), F. Hoffmann-La Roche Ltd. (Switzerland), McKesson Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), Otsuka America Pharmaceutical Inc. (U.S.), Cerner Corporation (U.S.), Allscripts (U.S.), InTouch Technologies, Inc. (U.S.), Resideo Technologies, Inc. (U.S.), BioTelemetry, Inc. (U.S.), OBS Medical Ltd. (U.K.), American Well (U.S.), Empower Interactive, Inc. (U.S.), MDLIVE Inc. (U.S.), TalkSession Inc. (U.S.), Talkspace (U.S.), Teladoc, Inc. (U.S.) and WeCounsel (U.S.)
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Market Opportunities
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Market Definition
The use of telecommunications or videoconferencing technology to deliver mental health services is known as telemental health. Telepsychiatry or telepsychology are other terms for it. Many people, including those with attention deficit hyperactivity disorder (ADHD), post-traumatic stress disorder (PTSD), depression, and anxiety, may benefit from telemental health treatments, according to research.
Global Telemental Health Market Dynamics
Drivers
- Increasing Demand for Mental Health Services
There has been a growing recognition of the importance of mental health and well-being. As stigma surrounding mental health diminishes, more individuals are seeking mental health services. Telemental health provides a convenient and accessible way for people to access therapy and counseling services, which drives market growth.
- Shortage of Mental Health Professionals
Many regions, especially in rural or underserved areas, face a shortage of mental health professionals. Telemental health platforms allow these regions to bridge the gap by connecting patients with remote therapists and psychiatrists, addressing the shortage issue and increasing access to care.
- Advancements in Technology
Continuous advancements in telecommunication technology and the proliferation of smartphones, tablets, and high-speed internet have made it easier for individuals to engage in telemental health services. The availability of secure and user-friendly platforms has contributed to market growth.
- Growing Investment for Healthcare Facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Opportunities
- Expanding Geographical Reach
Telemental health platforms have the opportunity to expand their reach to underserved and remote regions. By offering mental health services to areas with limited access to mental health professionals, telemental health providers can tap into new markets and increase their user base.
- Customized and Specialized Services
There is an opportunity to develop specialized telemental health services tailored to specific populations or conditions. For example, services focusing on pediatric mental health, geriatric mental health, or specialized therapies like cognitive-behavioral therapy (CBT) can meet the unique needs of these groups and establish a niche in the market.
Restraints/ Challenges
- Regulatory and Compliance Hurdles
Telemental health providers must navigate a complex web of regulations and compliance requirements, both at the national and international levels. Ensuring compliance with privacy laws (such as HIPAA in the United States) and licensure regulations for healthcare professionals can be a significant barrier to market entry and expansion.
- Limited Reimbursement Policies
In many regions, reimbursement policies for telemental health services are still evolving. Some healthcare systems and insurance providers may not fully cover or reimburse for remote mental health services, limiting the financial incentives for both providers and patients to adopt these services.
- Data Privacy and Security Concerns
Protecting patient data and ensuring the privacy and security of mental health information is a significant challenge. Data breaches and cybersecurity threats can erode trust in telemental health platforms. Compliance with data protection regulations like HIPAA in the United States adds complexity to the operational aspects of these services.
- Lack of Standardization
There is a lack of standardized practices and guidelines for telemental health services. Variability in technology platforms, clinical protocols, and licensing requirements across different regions and providers can create confusion and hinder interoperability.
This global telemental health market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global telemental health market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In August 2022, Hicuity Health launched tele-ICU services at MUSC Health Columbia Medical Center Downtown in Columbia, South Carolina. The new service launch draws upon MUSC Health's long-standing collaboration with Hicuity Health which delivers telemedicine services to hospitals across the state
- In April 2022, Bayer launched 27 telemedicine centers in 12 districts across eight states in India over the next two years through Bayer Foundation India
Global Telemental Health Market Scope
The global telemental health market is segmented on the basis of mental disorders, type, component, mode of delivery, end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Mental Disorders
- Panic Disorder
- Obsessive-Compulsive Disorder
- Depression
- Posttraumatic Stress Disorder
Type
- Telepsychology
- Telepsychiatry
- Telebehavioral Health
Component
- Services
- Software
- Hardware
- RPM
- Real-Time
Mode of Delivery
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
- On-Premise Delivery Mode
End User
- Providers
- Payers
- Patients
Global Telemental health Market Regional Analysis/Insights
The global telemental health market is analysed and market size insights and trends are provided by country, mental disorders, type, component, mode of delivery, end user as referenced above.
The countries covered in the global telemental health market report are UU.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global telemental health market due to the rise in the demand for telemedicine. Furthermore, the growing of the healthcare understanding combined with cloud-based technologies acknowledgment which will further boost the growth of the global telemental health market in the region during forecast period 2023-2030.
Asia-Pacific is projected to observe significant amount of growth in the global telemental health market due to the rapid necessity for telemedicine and healthcare support. Moreover, the modernization and development in telecommunication is further anticipated to propel the growth of the global telemental health market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global telemental health market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global telemental health market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global telemental health market. The data is available for historic period 2015-2020.
Competitive Landscape and Global Telemental health Market Share Analysis
The global telemental health market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global telemental health market.
Some of the major players operating in the global telemental health market are:
- Cisco Systems, Inc. (U.S.)
- AMD Global Telemedicine, Inc (U.S.)
- Aerotel Medical Systems (1998) Ltd. (Israel)
- Medtronic (U.S.)
- F. Hoffmann-La Roche Ltd. (U.S.)
- McKesson Corporation (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Otsuka America Pharmaceutical Inc. (Japan)
- Cerner Corporation (U.S.)
- Allscripts (U.S.)
- InTouch Technologies, Inc. (U.S.)
- Resideo Technologies, Inc. (U.S.)
- BioTelemetry, Inc. (U.S.)
- OBS Medical Ltd. (UK)
- American Well (U.S.)
- MDLIVE Inc. (U.S.)
- TalkSession Inc. (U.S.)
- Talkspace (U.S.)
- Virtual Therapy Center, LLC (U.S.)
- Teladoc, Inc. (U.S.)
- WeCounsel (U.S.)
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