Allied Market Research
Loading...
0
Allied Market Research

Telepsychiatry Market: Global Opportunity Analysis and Industry Forecast 2020–2027

A10313
Pages: NA
Aug 2021 | 151 Views
   
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Telepsychiatry Market: Global Opportunity Analysis and Industry Forecast 2020–2027

Request Now !

The healthcare sector needs technology for providing care to the patients and they use video conferencing and other similar other technologies when the patient and the psychiatrist are at a distance. Subset of telemedicine is called telepsychiatry, which encompasses various services like group therapies, individual therapies and family therapies; evaluations of psychiatry can involve providing a range of services including psychiatric evaluations, medication management, and patient education.

Telepsychiatry Market

In the process of telepsychiatry, the patient and the psychiatrist intercommunicate with each other. This helps the psychiatrists in keeping up and helping the care providers concerning the consultation and steps to be taken for mental health care. Mental diseases are nowadays treated via interactive as well as live communication procedures. This also encompasses collecting and storing medical information like the videos and images which can be further sent to the psychiatrist for analysis and reviews later.

These services are very affordable, suitable and can be easily accessible for the betterment of the mental healthcare services. Additionally, this technology also helps in delivering the care at the patient’s location, reduces the longer time interval between the sessions, and lowers the stigma barrier.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Product Type, Type, End User, and Region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.

Companies covered

Major players analyzed include Iris Telehealth, e-Psychiatry, LLC, InSight Telepsychiatry, eVisit, LLC, Advanced Telemed Services, InnovaTel, American Telepsychiatrists, TPsychiatry, Encounter Telehealth, JSA Health Psychiatry, FasPsych, LLC, Genoa, and Arcadian Telepsychiatry

 

COVID-19 scenario analysis:

To take care of the infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil populations for precautionary measures. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

Owing to such factors, COVID 19 is expected to have a significant impact on the Telepsychiatry market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

It has been observed that there is a scarcity of doctors specializing in psychiatry, especially adolescents and their children. This technology permits the psychiatrists to look over a huge number of patients in lesser time; it also helps using the time productively. Along with this, there has been a significant improvement observed in the network infrastructures of mobiles, and it allows the doctors to assess clinical help in the treatment of the patients in remote and semi-urban areas. These are the major factors propelling the growth of the telepsychiatry market.

As doctors or patients don’t have to travel a large amount of money is saved; villages lack awareness and patient care from the doctors owing to the less number of trained medical professionals. Additionally, the cost of transportation for both the patients and the psychiatrist can be reduced; second opinions of other psychiatrists can also be sought. This affects their treatment and they might even ignore their condition can. This is helping in increasing the reach of the telepsychiatry market.

On the other hand, there are various issues faced in the telepsychiatry market like hacking data, fraud towards identity, and privacy concerns. Fluctuation in the internet connections and flickering of the mobile coverage in both the developed as well as the developing economies where the network connections are still 2G. Sometimes, the internet gets disconnected in the middle of the session which effects the treatment.

 Apart from this, there is observed uncertainty in the policies of the regulations.

New product launches and acquisitions to flourish the market:

On December 10th, 2019, Regroup Telehealth and InSight Telepsychiatry went into a merger acquisition.

On May 28th, 2019, American Well introduced a new app American Well Telehealth Clinical App.

On November 12th, 2019, Koninklijke Phillips introduced their new platform IntelliSpace Cognition platform.

Surge in usage in hospitals applications:

Specialty care settings, hospitals, skilled nursing facilities, community mental health centers are the major consumers of the telepsychiatry market. Amongst them, hospitals are the biggest end-users in the market. Rise in the awareness amongst the population about the mental disorders and the need for their treatment using telepsychiatry. Mental healthcare communities are growing at a considerable rate.

     Key segments covered:

Segments

Sub-segments

Product Type

  • In-home solutions
  • Forensic solutions
  • Crisis solutions
  • Routine solutions
  • Others

Type

  • Routine Telepsychiatry
  • Forensic Telepsychiatry
  • Crisis Telepsychiatry
  • In-home Telepsychiatry

End User

  • Specialty care settings
  • Skilled nursing facilities
  • Hospitals
  • Community mental health centers
  • Others

Regions

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Telepsychiatry industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Telepsychiatry market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Telepsychiatry Market research report:

  • What are the leading market players active in the Telepsychiatry market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the Telepsychiatry Market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Telepsychiatry Market: Global Opportunity Analysis and Industry Forecast 2020–2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers