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Global Telepsychiatry Market by Product, by Application, by Age Group, by Region, Industry Analysis and Forecast, 2020 - 2026

  • ID: 5146663
  • Report
  • August 2020
  • Region: Global
  • 207 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
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FEATURED COMPANIES

  • Encounter Telehealth, LLC
  • E-Psychiatry LLC
  • Iris Healthcare, Inc.
  • MDLive, Inc.
  • SOC Telemed, Inc.
  • MORE
The Global Telepsychiatry Market size is expected to reach $15.2 billion by 2026, rising at a market growth of 19.4% CAGR during the forecast period. Telepsychiatry is a part of telemedicine, which includes psychiatric evaluations, therapy, patient education, and medication management. Telepsychiatry offers direct interactions between patients and the psychiatrist. It is used for different types of therapies such as individual therapy, family therapy, or group therapy. Telepsychiatry also offers facilities such as session recording in form of images or audio-video file, for later reviewing the file. This technology can be used to treat patients in even remote places.

The main factor which is driving the growth of the telepsychiatry market globally is growing awareness about mental health and increasing demand for treatments of mental health among end users. Telepsychiatry provides patients treatment in their homes that helps to make them comfortable while receiving the treatment. It also eliminates the requirement of the patient to travel to hospitals or clinics for receiving the treatment. These are also some of the factors fueling the growth of the target market.

In order to prevent the spread of COVID-19, almost every country has taken essential measures like complete lockdown, social distancing, large scale quarantine, etc. it has made mandatory to stay at home by most of the states for non-essential workers that have a very bad impact on the physical and mental health of the people suffering from any such disorders. Being at the same place and the same environment has a negative effect on mental health.

People suffering from mental disorders can tend to opt for a harmful lifestyle more easily. So they should be continuously monitored in order to minimize the feeling of loneliness and this can be facilitated by monitoring the patients remotely. Furthermore, telepsychiatry helps in detecting early warning signs and follow-up appointments and treatments can also be easily tracked this is fueling the demand of the Telepsychiatry Market. The shortage of the number of clinical teams in the fields to mental health treatments leading to high demand for the services of telepsychiatry and further propel the growth of the market. Additionally, it is cost-effective, affordable, and fulfill the satisfaction of the patients regarding the treatment they receive will result in the growth of the market.

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 Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

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.

Strategies deployed in the Telepsychiatry Market

Aug-2020: InnovaTel Telepsychiatry entered into partnership with INTEGRIS Health. The partnership was focused on providing support for Health Care Employees.

Jul-2020: InnovaTel announced its collaboration with Northwestern Mental Health Center. Through this collaboration, NWMHC is helping individuals and families access healthcare with the help of InnovaTel Telepsychiatry.

Jul-2020: MDLive collaborated with MobileHelp, a leader in mobile Personal Emergency Response Systems (mPERS) and healthcare technology solutions. Together, the companies announced a new telehealth service from MDLive to deliver in-home care. The new product offering came at a time when older adults are sheltering in place and may not want to utilize traditional brick-and-mortar healthcare facilities for fear of exposure to COVID-19.

Jan-2020: MDLive, Inc. launched the telemedicine industry’s most comprehensive virtual primary care platform. The platform enabled U.S. health plans, health systems, retailers, and employers to provide consumers with convenient, secure, and cost-effective options for accessing preventive, chronic, and other primary care services.

Jan-2020: MDLive came into partnership with the Health insurance giant, Cigna. Following the partnership, Cigna expanded online access to primary care physicians through MDLive for the insurer’s employer-sponsored plan clients.

May-2019: MYnd Analytics' subsidiary Arcadian Telepsychiatry, signed an agreement with Memorial Hospital. Under this agreement, the former company aimed to provide telebehavioral health services through its provider network to the latter company.

Feb-2019: SOC Telemed teamed up with Prime Healthcare, a private healthcare company. Under this collaboration, Prime Healthcare has been using SOC Telemed's platform Telemed IQ to support its clinical care and workflow standardization efforts. This collaboration enabled Prime Healthcare to achieve system-level control and visibility over its telemedicine initiatives; standardizing workflows, care, and reporting capabilities using Telemed IQ's fully customizable offerings.

Dec-2018: MDLive teamed up with FirstCare, a provider of health insurance plans. The collaboration was aimed to provide the members with access to board-certified doctors, licensed therapists, and more, all through the new telemedicine program, FirstCare Virtual Care powered by MDLive. Members can access a provider, 24/7/365, through the use of their smartphone, tablet, or desktop computer.

Sep-2018: MYnd Analytics' subsidiary Arcadian Telepsychiatry Services LLC, signed partnership agreement with Sanford Health. The partnership was focused on providing telebehavioral health and telepsychiatry services through Arcadian’s provider network for Sanford Health’s network of outpatient primary care practices.

Aug-2018: SOC Telemed (SOC) acquired JSA Health, the leading behavioral health telemedicine company. The acquisition helped the company in becoming the nation's largest acute telePsychiatry provider.

Mar-2017: InnovaTel signed partnership agreement with The National Council for Behavioral Health. The partnership was aimed to expand the effective use of telepsychiatry. By integrating telehealth technology with a staff of leading mental health professionals, the company can increase access to care and ultimately improve patient outcomes.

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 Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • 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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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Encounter Telehealth, LLC
  • E-Psychiatry LLC
  • Iris Healthcare, Inc.
  • MDLive, Inc.
  • SOC Telemed, Inc.
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Telepsychiatry Market, by Product
1.4.2 Global Telepsychiatry Market, by Application
1.4.3 Global Telepsychiatry Market, by Age Group
1.4.4 Global Telepsychiatry Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Strategies deployed in Telepsychiatry Market

Chapter 4. Global Telepsychiatry Market by Product
4.1 Global In-home Solutions Market by Region
4.2 Global Crisis Solution Market by Region
4.3 Global Routine Solution Market by Region
4.4 Global Forensic Solution Market by Region
4.5 Global Other Products Market by Region

Chapter 5. Global Telepsychiatry Market by Application
5.1 Global Community Mental Health Centers Market by Region
5.2 Global Homecare Market by Region
5.3 Global Skilled Nursing Facilities Market by Region
5.4 Global Specialty Care Settings Market by Region
5.5 Global Others Market by Region

Chapter 6. Global Telepsychiatry Market by Age Group
6.1 Global Adult Market by Region
6.2 Global Pediatric and Adolescent Market by Region
6.3 Global Geriatric Market by Region

Chapter 7. Global Telepsychiatry Market by Region
7.1 North America Telepsychiatry Market
7.1.1 North America Telepsychiatry Market by Product
7.1.1.1 North America In-home Solutions Market by Country
7.1.1.2 North America Crisis Solution Market by Country
7.1.1.3 North America Routine Solution Market by Country
7.1.1.4 North America Forensic Solution Market by Country
7.1.1.5 North America Other Products Market by Country
7.1.2 North America Telepsychiatry Market by Application
7.1.2.1 North America Community Mental Health Centers Market by Country
7.1.2.2 North America Homecare Market by Country
7.1.2.3 North America Skilled Nursing Facilities Market by Country
7.1.2.4 North America Specialty Care Settings Market by Country
7.1.2.5 North America Others Market by Country
7.1.3 North America Telepsychiatry Market by Age Group
7.1.3.1 North America Adult Market by Country
7.1.3.2 North America Pediatric and Adolescent Market by Country
7.1.3.3 North America Geriatric Market by Country
7.1.4 North America Telepsychiatry Market by Country
7.1.4.1 USA Telepsychiatry Market
7.1.4.1.1 USA Telepsychiatry Market by Product
7.1.4.1.2 USA Telepsychiatry Market by Application
7.1.4.1.3 USA Telepsychiatry Market by Age Group
7.1.4.2 Canada Telepsychiatry Market
7.1.4.2.1 Canada Telepsychiatry Market by Product
7.1.4.2.2 Canada Telepsychiatry Market by Application
7.1.4.2.3 Canada Telepsychiatry Market by Age Group
7.1.4.3 Mexico Telepsychiatry Market
7.1.4.3.1 Mexico Telepsychiatry Market by Product
7.1.4.3.2 Mexico Telepsychiatry Market by Application
7.1.4.3.3 Mexico Telepsychiatry Market by Age Group
7.1.4.4 Rest of North America Telepsychiatry Market
7.1.4.4.1 Rest of North America Telepsychiatry Market by Product
7.1.4.4.2 Rest of North America Telepsychiatry Market by Application
7.1.4.4.3 Rest of North America Telepsychiatry Market by Age Group
7.2 Europe Telepsychiatry Market
7.2.1 Europe Telepsychiatry Market by Product
7.2.1.1 Europe In-home Solutions Market by Country
7.2.1.2 Europe Crisis Solution Market by Country
7.2.1.3 Europe Routine Solution Market by Country
7.2.1.4 Europe Forensic Solution Market by Country
7.2.1.5 Europe Other Products Market by Country
7.2.2 Europe Telepsychiatry Market by Application
7.2.2.1 Europe Community Mental Health Centers Market by Country
7.2.2.2 Europe Homecare Market by Country
7.2.2.3 Europe Skilled Nursing Facilities Market by Country
7.2.2.4 Europe Specialty Care Settings Market by Country
7.2.2.5 Europe Others Market by Country
7.2.3 Europe Telepsychiatry Market by Age Group
7.2.3.1 Europe Adult Market by Country
7.2.3.2 Europe Pediatric and Adolescent Market by Country
7.2.3.3 Europe Geriatric Market by Country
7.2.4 Europe Telepsychiatry Market by Country
7.2.4.1 Germany Telepsychiatry Market
7.2.4.1.1 Germany Telepsychiatry Market by Product
7.2.4.1.2 Germany Telepsychiatry Market by Application
7.2.4.1.3 Germany Telepsychiatry Market by Age Group
7.2.4.2 UK Telepsychiatry Market
7.2.4.2.1 UK Telepsychiatry Market by Product
7.2.4.2.2 UK Telepsychiatry Market by Application
7.2.4.2.3 UK Telepsychiatry Market by Age Group
7.2.4.3 France Telepsychiatry Market
7.2.4.3.1 France Telepsychiatry Market by Product
7.2.4.3.2 France Telepsychiatry Market by Application
7.2.4.3.3 France Telepsychiatry Market by Age Group
7.2.4.4 Russia Telepsychiatry Market
7.2.4.4.1 Russia Telepsychiatry Market by Product
7.2.4.4.2 Russia Telepsychiatry Market by Application
7.2.4.4.3 Russia Telepsychiatry Market by Age Group
7.2.4.5 Spain Telepsychiatry Market
7.2.4.5.1 Spain Telepsychiatry Market by Product
7.2.4.5.2 Spain Telepsychiatry Market by Application
7.2.4.5.3 Spain Telepsychiatry Market by Age Group
7.2.4.6 Italy Telepsychiatry Market
7.2.4.6.1 Italy Telepsychiatry Market by Product
7.2.4.6.2 Italy Telepsychiatry Market by Application
7.2.4.6.3 Italy Telepsychiatry Market by Age Group
7.2.4.7 Rest of Europe Telepsychiatry Market
7.2.4.7.1 Rest of Europe Telepsychiatry Market by Product
7.2.4.7.2 Rest of Europe Telepsychiatry Market by Application
7.2.4.7.3 Rest of Europe Telepsychiatry Market by Age Group
7.3 Asia Pacific Telepsychiatry Market
7.3.1 Asia Pacific Telepsychiatry Market by Product
7.3.1.1 Asia Pacific In-home Solutions Market by Country
7.3.1.2 Asia Pacific Crisis Solution Market by Country
7.3.1.3 Asia Pacific Routine Solution Market by Country
7.3.1.4 Asia Pacific Forensic Solution Market by Country
7.3.1.5 Asia Pacific Other Products Market by Country
7.3.2 Asia Pacific Telepsychiatry Market by Application
7.3.2.1 Asia Pacific Community Mental Health Centers Market by Country
7.3.2.2 Asia Pacific Homecare Market by Country
7.3.2.3 Asia Pacific Skilled Nursing Facilities Market by Country
7.3.2.4 Asia Pacific Specialty Care Settings Market by Country
7.3.2.5 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Telepsychiatry Market by Age Group
7.3.3.1 Asia Pacific Adult Market by Country
7.3.3.2 Asia Pacific Pediatric and Adolescent Market by Country
7.3.3.3 Asia Pacific Geriatric Market by Country
7.3.4 Asia Pacific Telepsychiatry Market by Country
7.3.4.1 China Telepsychiatry Market
7.3.4.1.1 China Telepsychiatry Market by Product
7.3.4.1.2 China Telepsychiatry Market by Application
7.3.4.1.3 China Telepsychiatry Market by Age Group
7.3.4.2 India Telepsychiatry Market
7.3.4.2.1 India Telepsychiatry Market by Product
7.3.4.2.2 India Telepsychiatry Market by Application
7.3.4.2.3 India Telepsychiatry Market by Age Group
7.3.4.3 Japan Telepsychiatry Market
7.3.4.3.1 Japan Telepsychiatry Market by Product
7.3.4.3.2 Japan Telepsychiatry Market by Application
7.3.4.3.3 Japan Telepsychiatry Market by Age Group
7.3.4.4 South Korea Telepsychiatry Market
7.3.4.4.1 South Korea Telepsychiatry Market by Product
7.3.4.4.2 South Korea Telepsychiatry Market by Application
7.3.4.4.3 South Korea Telepsychiatry Market by Age Group
7.3.4.5 Singapore Telepsychiatry Market
7.3.4.5.1 Singapore Telepsychiatry Market by Product
7.3.4.5.2 Singapore Telepsychiatry Market by Application
7.3.4.5.3 Singapore Telepsychiatry Market by Age Group
7.3.4.6 Malaysia Telepsychiatry Market
7.3.4.6.1 Malaysia Telepsychiatry Market by Product
7.3.4.6.2 Malaysia Telepsychiatry Market by Application
7.3.4.6.3 Malaysia Telepsychiatry Market by Age Group
7.3.4.7 Rest of Asia Pacific Telepsychiatry Market
7.3.4.7.1 Rest of Asia Pacific Telepsychiatry Market by Product
7.3.4.7.2 Rest of Asia Pacific Telepsychiatry Market by Application
7.3.4.7.3 Rest of Asia Pacific Telepsychiatry Market by Age Group
7.4 LAMEA Telepsychiatry Market
7.4.1 LAMEA Telepsychiatry Market by Product
7.4.1.1 LAMEA In-home Solutions Market by Country
7.4.1.2 LAMEA Crisis Solution Market by Country
7.4.1.3 LAMEA Routine Solution Market by Country
7.4.1.4 LAMEA Forensic Solution Market by Country
7.4.1.5 LAMEA Other Products Market by Country
7.4.2 LAMEA Telepsychiatry Market by Application
7.4.2.1 LAMEA Community Mental Health Centers Market by Country
7.4.2.2 LAMEA Homecare Market by Country
7.4.2.3 LAMEA Skilled Nursing Facilities Market by Country
7.4.2.4 LAMEA Specialty Care Settings Market by Country
7.4.2.5 LAMEA Others Market by Country
7.4.3 LAMEA Telepsychiatry Market by Age Group
7.4.3.1 LAMEA Adult Market by Country
7.4.3.2 LAMEA Pediatric and Adolescent Market by Country
7.4.3.3 LAMEA Geriatric Market by Country
7.4.4 LAMEA Telepsychiatry Market by Country
7.4.4.1 Brazil Telepsychiatry Market
7.4.4.1.1 Brazil Telepsychiatry Market by Product
7.4.4.1.2 Brazil Telepsychiatry Market by Application
7.4.4.1.3 Brazil Telepsychiatry Market by Age Group
7.4.4.2 Argentina Telepsychiatry Market
7.4.4.2.1 Argentina Telepsychiatry Market by Product
7.4.4.2.2 Argentina Telepsychiatry Market by Application
7.4.4.2.3 Argentina Telepsychiatry Market by Age Group
7.4.4.3 UAE Telepsychiatry Market
7.4.4.3.1 UAE Telepsychiatry Market by Product
7.4.4.3.2 UAE Telepsychiatry Market by Application
7.4.4.3.3 UAE Telepsychiatry Market by Age Group
7.4.4.4 Saudi Arabia Telepsychiatry Market
7.4.4.4.1 Saudi Arabia Telepsychiatry Market by Product
7.4.4.4.2 Saudi Arabia Telepsychiatry Market by Application
7.4.4.4.3 Saudi Arabia Telepsychiatry Market by Age Group
7.4.4.5 South Africa Telepsychiatry Market
7.4.4.5.1 South Africa Telepsychiatry Market by Product
7.4.4.5.2 South Africa Telepsychiatry Market by Application
7.4.4.5.3 South Africa Telepsychiatry Market by Age Group
7.4.4.6 Nigeria Telepsychiatry Market
7.4.4.6.1 Nigeria Telepsychiatry Market by Product
7.4.4.6.2 Nigeria Telepsychiatry Market by Application
7.4.4.6.3 Nigeria Telepsychiatry Market by Age Group
7.4.4.7 Rest of LAMEA Telepsychiatry Market
7.4.4.7.1 Rest of LAMEA Telepsychiatry Market by Product
7.4.4.7.2 Rest of LAMEA Telepsychiatry Market by Application
7.4.4.7.3 Rest of LAMEA Telepsychiatry Market by Age Group

Chapter 8. Company Profiles
8.1 E-Psychiatry LLC
8.1.1 Company Overview
8.2 Advanced TeleMed Services, Inc.
8.2.1 Company Overview
8.3 American Telepsychiatrists
8.3.1 Company Overview
8.4 Iris Telehealth, Inc.
8.4.1 Company Overview
8.5 Encounter Telehealth, LLC
8.5.1 Company Overview
8.6 FasPsych, LLC (Pharos Capital Group, LLC)
8.6.1 Company Overview
8.7 MDLive, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.7.2.2 Product Launches and Product Expansions:
8.8 InnovaTel Telepsychiatry, LLC
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.9 MYnd Analytics, Inc. (Arcadian Telepsychiatry)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10 SOC Telemed, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Acquisition and Mergers:
Note: Product cover images may vary from those shown
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  • 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.
Note: Product cover images may vary from those shown
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