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Global Telepsychiatry Market Size study, by Product (In-Home Solutions, Forensic Solutions), by End-Use (Hospitals, Community Mental Health Centers) and Regional Forecasts 2020-2027

June 2020 | 200 pages | ID: G640D12C8725EN
Bizwit Research & Consulting LLP

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Global Telepsychiatry Market is valued at approximately USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2027. Telepsychiatry is the application of telemedicine, which offers a wide range of mental health solutions, such as therapies (i.e. family therapy, group therapy, and individual therapy), psychiatric evaluation, patient education, and medication management. Telepsychiatry involves direct communication among the patient and the psychiatrist. It also includes psychiatrist assisting primary health care providers specified in mental health care consultation. It can also record the medical information (such as images, videos, etc.) and delivering this to a remote site for later evaluation. Therefore, these factors are anticipated to accelerate market growth around the world. Moreover, an increasing number of patients with mental illness, anxiety, and stress, along with a growing number and tendency of suicides among people are few other factors responsible for the market growth over the forecast period. For instance, according to the National Alliance on Mental Illness, in 2018, 43.3% of US citizens treated for mental illness. Among them, over 20% of youth aged 13-18 years with mental health conditions, and more than 11% of the youth have a mood disorder, and around 18.1% of adults suffering from anxiety disorders. This, in turn, is expected to raise the demand for telepsychiatry all over the world. Recently, the COVID-19 is widely spread throughout the world, thus various regional governments are putting temporary restrictions on the movement of goods, services, and people to prevent the spread of novel coronavirus. This has shifted the preference of people for online health services instead of regular physician visits. Therefore, the virtual care delivery solution is gaining immense popularity for mental health care consultations during the pandemic, thereby, the telepsychiatry market is expected to grow at a significant rate in the forthcoming years. However, dearth of skilled psychiatrists and unfavorable reimbursement scenarios are the major factors impeding the market growth over the forecast period of 2020-2027.

The regional analysis of the global Telepsychiatry market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of favorable reimbursement policies, along with the high availability of new technology-based solution vendors in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the increasing number of suicidal cases and improving healthcare infrastructure would create lucrative growth prospects for the Telepsychiatry market across the Asia-Pacific region.

Major market player included in this report are:
InSight Telepsychiatry, LLC
Arcadian Telepsychiatry, LLC
Iris Telehealth
Advanced Telemed Services
American Telepsychiatrists
Encounter Telehealth
e-Psychiatry, LLC
InnovaTel Telepsychiatry
JSA Health Telepsychiatry, LLC
FasPsych, LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
In-Home Solutions
Forensic Solutions

By End-Use:
Hospitals
Community Mental Health Centers

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Telepsychiatry Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
  1.2.1. Telepsychiatry Market, by Region, 2018-2027 (USD Million)
  1.2.2. Telepsychiatry Market, by Product, 2018-2027 (USD Million)
  1.2.3. Telepsychiatry Market, by End-Use, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL TELEPSYCHIATRY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL TELEPSYCHIATRY MARKET DYNAMICS

3.1. Telepsychiatry Market Impact Analysis (2018-2027)
  3.1.1. Market Drivers
  3.1.2. Market Challenges
  3.1.3. Market Opportunities

CHAPTER 4. GLOBAL TELEPSYCHIATRY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL TELEPSYCHIATRY MARKET, BY PRODUCT

5.1. Market Snapshot
5.2. Global Telepsychiatry Market by Product, Performance - Potential Analysis
5.3. Global Telepsychiatry Market Estimates & Forecasts by Product 2017-2027 (USD Million)
5.4. Telepsychiatry Market, Sub Segment Analysis
  5.4.1. In-Home Solutions
  5.4.2. Forensic Solutions

CHAPTER 6. GLOBAL TELEPSYCHIATRY MARKET, BY END-USE

6.1. Market Snapshot
6.2. Global Telepsychiatry Market by End-Use, Performance - Potential Analysis
6.3. Global Telepsychiatry Market Estimates & Forecasts by End-Use 2017-2027 (USD Million)
6.4. Telepsychiatry Market, Sub Segment Analysis
  6.4.1. Hospitals
  6.4.2. Community Mental Health Centers

CHAPTER 7. GLOBAL TELEPSYCHIATRY MARKET, REGIONAL ANALYSIS

7.1. Telepsychiatry Market, Regional Market Snapshot
7.2. North America Telepsychiatry Market
  7.2.1. U.S. Telepsychiatry Market
    7.2.1.1. Product breakdown estimates & forecasts, 2017-2027
    7.2.1.2. End-Use breakdown estimates & forecasts, 2017-2027
  7.2.2. Canada Telepsychiatry Market
7.3. Europe Telepsychiatry Market Snapshot
  7.3.1. U.K. Telepsychiatry Market
  7.3.2. Germany Telepsychiatry Market
  7.3.3. France Telepsychiatry Market
  7.3.4. Spain Telepsychiatry Market
  7.3.5. Italy Telepsychiatry Market
  7.3.6. Rest of Europe Telepsychiatry Market
7.4. Asia-Pacific Telepsychiatry Market Snapshot
  7.4.1. China Telepsychiatry Market
  7.4.2. India Telepsychiatry Market
  7.4.3. Japan Telepsychiatry Market
  7.4.4. Australia Telepsychiatry Market
  7.4.5. South Korea Telepsychiatry Market
  7.4.6. Rest of Asia Pacific Telepsychiatry Market
7.5. Latin America Telepsychiatry Market Snapshot
  7.5.1. Brazil Telepsychiatry Market
  7.5.2. Mexico Telepsychiatry Market
7.6. Rest of The World Telepsychiatry Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Top Market Strategies
8.2. Company Profiles
  8.2.1. InSight Telepsychiatry, LLC
    8.2.1.1. Key Information
    8.2.1.2. Overview
    8.2.1.3. Financial (Subject to Data Availability)
    8.2.1.4. Product Summary
    8.2.1.5. Recent Developments
  8.2.2. Arcadian Telepsychiatry, LLC
  8.2.3. Iris Telehealth
  8.2.4. Advanced Telemed Services
  8.2.5. American Telepsychiatrists
  8.2.6. Encounter Telehealth
  8.2.7. e-Psychiatry, LLC
  8.2.8. InnovaTel Telepsychiatry
  8.2.9. JSA Health Telepsychiatry, LLC
  8.2.10. FasPsych, LLC

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Telepsychiatry market, report scope
TABLE 2. Global Telepsychiatry market estimates & forecasts by region 2017-2027 (USD Million)
TABLE 3. Global Telepsychiatry market estimates & forecasts by Product 2017-2027 (USD Million)
TABLE 4. Global Telepsychiatry market estimates & forecasts by End-Use 2017-2027 (USD Million)
TABLE 5. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 6. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 7. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 8. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 9. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 10. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 11. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 12. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 13. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 14. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 15. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 16. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 17. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 18. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 19. Global Telepsychiatry market by segment, estimates & forecasts, 2017-2027 (USD Million)
TABLE 20. Global Telepsychiatry market by region, estimates & forecasts, 2017-2027 (USD Million)
TABLE 21. U.S. Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 22. U.S. Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 23. U.S. Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 24. Canada Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 25. Canada Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 26. Canada Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 27. UK Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 28. UK Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 29. UK Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 30. Germany Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 31. Germany Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 32. Germany Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 33. France Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 34. France Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 35. France Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 36. Spain Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 37. Spain Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 38. Spain Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 39. Italy Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 40. Italy Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 41. Italy Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 42. ROE Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 43. ROE Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 44. ROE Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 45. China Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 46. China Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 47. China Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 48. India Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 49. India Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 50. India Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 51. Japan Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 52. Japan Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 53. Japan Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 54. Australia Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 55. Australia Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 56. Australia Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 57. South Korea Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 58. South Korea Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 59. South Korea Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 60. ROPAC Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 61. ROPAC Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 62. ROPAC Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 63. Brazil Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 64. Brazil Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 65. Brazil Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 66. Mexico Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 67. Mexico Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 68. Mexico Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 69. ROLA Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 70. ROLA Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 71. ROLA Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 72. ROW Telepsychiatry market estimates & forecasts, 2017-2027 (USD Million)
TABLE 73. ROW Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 74. ROW Telepsychiatry market estimates & forecasts by segment 2017-2027 (USD Million)
TABLE 75. List of secondary sources, used in the study of global Telepsychiatry market
TABLE 76. List of primary sources, used in the study of global Telepsychiatry market
TABLE 77. Years considered for the study
TABLE 78. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Telepsychiatry market, research methodology
FIG 2. Global Telepsychiatry market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Telepsychiatry market, key trends 2019
FIG 5. Global Telepsychiatry market, growth prospects 2020-2027
FIG 6. Global Telepsychiatry market, porters 5 force model
FIG 7. Global Telepsychiatry market, pest analysis
FIG 8. Global Telepsychiatry market, value chain analysis
FIG 9. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 10. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 11. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 12. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 13. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 14. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 15. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 16. Global Telepsychiatry market by segment, 2017 & 2027 (USD Million)
FIG 17. Global Telepsychiatry market, regional snapshot 2017 & 2027
FIG 18. North America Telepsychiatry market 2017 & 2027 (USD Million)
FIG 19. Europe Telepsychiatry market 2017 & 2027 (USD Million)
FIG 20. Asia-Pacific Telepsychiatry market 2017 & 2027 (USD Million)
FIG 21. Latin America Telepsychiatry market 2017 & 2027 (USD Million)
FIG 22. Global Telepsychiatry market, company market share analysis (2019)

COMPANIES MENTIONED

InSight Telepsychiatry, LLC
Arcadian Telepsychiatry, LLC
Iris Telehealth
Advanced Telemed Services
American Telepsychiatrists
Encounter Telehealth
e-Psychiatry, LLC
InnovaTel Telepsychiatry
JSA Health Telepsychiatry, LLC
FasPsych, LLC


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