LAMEA Telepsychiatry Market by Product, by Application, by Age Group, by Country, Industry Analysis and Forecast, 2020 - 2026

The Latin America, Middle East and Africa Telepsychiatry Market is expected to witness market growth of 20.3% CAGR during the forecast period (2020-2026).

The time and cost of traveling are saved by the application of Telepsychiatry as it ensures that neither the psychiatrist nor their patient needs to travel a long distance in order to get treatment. All that is required for consultation is any accessible device like smartphones, laptops, etc. along with an Internet connection. The telepsychiatry market is helpful for psychiatrists also as they can go for a quick second opinion. Psychiatrists also get benefitted by Telepsychiatry to begin the treatment quickly on the other hand their diagnosis can be validated and assured that the doctor’s diagnoses are correct.

The rapid improvement in the mobile network infrastructure enables both doctors and patients to get clinical access even in small villages and semi-urban areas. This minimizes the need to visit long-distance and saves time and money for both parties. There is a lack of trained medical professionals as well as awareness among people. Therefore, severe issues of mental health may also be ignored or suppressed. Patients are preferring to get more engaged with telehealth for managing their needs of healthcare. On the basis of lifestyle habits and prior medical history, a patient’s healthcare needs can be assessed by AI programs and chatbots that help them to remain engaged with the healthcare system. The tools like Automatic appointment reminders, remote physician consultations and, stress-free in-app scheduling tools are helpful for the patients to keep up their healthcare needs.

Based on Product, the market is segmented into In-home Solutions, Crisis Solution, Routine Solution, Forensic Solution and Other Products. Based on Application, the market is segmented into Community Mental Health Centers, Homecare, Skilled Nursing Facilities, Specialty Care Settings and Others. Based on Age Group, the market is segmented into Adult, Pediatric & Adolescent, and Geriatric. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include E-Psychiatry LLC, Advanced TeleMed Services, Inc., American Telepsychiatrists, Iris Healthcare, Inc., Encounter Telehealth, LLC, FasPsych, LLC (Pharos Capital Group, LLC), MDLive, Inc., InnovaTel Telepsychiatry, LLC, MYnd Analytics, Inc. (Arcadian Telepsychiatry), and SOC Telemed, Inc.

Scope of the Study

Market Segmentation:

By Product

• In-home Solutions
• Crisis Solution
• Routine Solution
• Forensic Solution
• Other Products

By Application

• Community Mental Health Centers
• Homecare
• Skilled Nursing Facilities
• Specialty Care Settings
• Others

By Age Group

• Adult
• Pediatric & Adolescent
• Geriatric

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• E-Psychiatry LLC
• Advanced TeleMed Services, Inc.
• American Telepsychiatrists
• Iris Healthcare, Inc.
• Encounter Telehealth, LLC
• FasPsych, LLC (Pharos Capital Group, LLC)
• MDLive, Inc.
• InnovaTel Telepsychiatry, LLC
• MYnd Analytics, Inc. (Arcadian Telepsychiatry)
• SOC Telemed, Inc.

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