Telepsychiatry Market Forecast

Telepsychiatry Market Share 2018 Global Industry Size, Growth, Demand, Segment, Statistics & Forecast to 2023

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A new business intelligence report released by MarketStudyReport.com with title “Global Telepsychiatry Market Report 2018” that targets and provides comprehensive market analysis with future prospects to 2023. The analysts of the study have garnered extensive research methodologies and data sources in order to generate collective and useful information that delivers latest market undercurrents and industry trends.

Telepsychiatry is a branch of telemedicine defined by the electronic delivery of psychiatric services to patients. This typically includes providing psychiatric assessments, therapeutic services, and medication management via telecommunication technology, most commonly videoconferencing.

By leveraging the power of technology, telepsychiatry makes behavioral healthcare more accessible to patients, rather than patients having to overcome barriers, like time and cost of travel, to access the care they need. Forensic telepsychiatry is the use of a remote psychiatrist or nurse practitioner for psychiatry in a prison or correctional facility, including psychiatric assessment, medication consultation, suicide watch, pre-parole evaluations and more.

Over the next five years, projects that Telepsychiatry will register a 23.0% CAGR in terms of revenue, reach US$ 200 million by 2023, from US$ 72 million in 2017.

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Telepsychiatry can deliver significant cost savings to correctional facilities by eliminating the need for prisoners to be escorted to off-site appointments and psychiatric interventions.

The US is the largest telepsychiatry market at present; followed by the EU this is because they have the required technology in place already and also the required funding from the government or private sector. Given the right reimbursement environment, telepsychiatry has the potential to expand exponentially. Once the financial incentives are properly aligned to maximize population level health outcomes, telepsychiatry will undoubtedly flourish.

At present, the market is developing rapidly and the key players include InSight Telepsychiatry, American Telepsychiatrists, Iris Telehealth, JSA Health, Advanced Telemed Services, FasPsych, Genoa, Encounter Telehealth, Arcadian Telepsychiatry, InnovaTel and etc.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

  • InSight Telepsychiatry
  • American Telepsychiatrists
  • Iris Telehealth
  • JSA Health
  • Advanced Telemed Services
  • FasPsych
  • Genoa
  • Encounter Telehealth
  • Arcadian Telepsychiatry
  • InnovaTel

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into:

  • Routine Telepsychiatry
  • Forensic Telepsychiatry
  • In-home Telepsychiatry

Split by applications, this report focuses on sales, market share and growth rate of Telepsychiatry in each application, can be divided into:

  • Adults
  • Teenagers
  • Geriatric Populations

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

    To study and analyze the global Telepsychiatry consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Telepsychiatry market by identifying its various subsegments.

Focuses on the key global Telepsychiatry manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Telepsychiatry with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Telepsychiatry submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Market Segment by Table of Contents:

2018-2023 Global Telepsychiatry Consumption Market Report

Telepsychiatry Market Scope of the Report

Telepsychiatry Market Executive Summary

Global Telepsychiatry Market by Players

Telepsychiatry by Regions

Americas Telepsychiatry Consumption by Countries

APAC Telepsychiatry Consumption by Countries

Europe Telepsychiatry by Countries

Middle East & Africa Telepsychiatry by Countries

Market Drivers, Challenges and Trends

Marketing, Distributors and Customer

Global Telepsychiatry Market Forecast (2018-2023)

Telepsychiatry Market Key Players Analysis

Research Findings and Conclusion

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