Global Telemental Health Market, By Mental Disorders (Panic disorder, Obsessive-Compulsive Disorder, Depression, Posttraumatic Stress Disorder), Type (Telepsychology, Telepsychiatry, Telebehavioral Health), Component (Services, Software, Hardware, RPM, Real-Time), Mode of Delivery (Web-Based Delivery Mode, Cloud-Based Delivery Mode, On-Premise Delivery Mode), End User (Providers, Payers and Patients) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Telemental health services are frequently seen as the major means of delivering healthcare to persons living in rural areas and consumers who have limited mobility, time, or transportation options. During the COVID-19 pandemic, telemental health has become a critical component of healthcare.
The services segment is predicted to have the biggest market share throughout the forecast due to contributing factors such as more virtual consultations, teleconsultation reimbursements by government policies, and increased financing for technology. Data Bridge Market Research analyses that the telemental health market was valued at USD 109744.97 million in 2021, and is further estimated to reach USD 710577.49 million by 2029, and is expected to grow at a CAGR of 26.3% during the forecast period.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Mental Disorders (Panic disorder, Obsessive-Compulsive Disorder, Depression, Posttraumatic Stress Disorder), Type (Telepsychology, Telepsychiatry, Telebehavioral Health), Component (Services, Software, Hardware, RPM, Real-Time), Mode of Delivery (Web-Based Delivery Mode, Cloud-Based Delivery Mode, On-Premise Delivery Mode), End User (Providers, Payers and Patients)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Cisco Systems, Inc., AMD Global Telemedicine, Inc, Aerotel Medical Systems (1998) Ltd., Medtronic, F. Hoffmann-La Roche Ltd., McKesson Corporation, Koninklijke Philips N.V., Otsuka America Pharmaceutical Inc., Cerner Corporation, Allscripts, InTouch Technologies, Inc., Resideo Technologies, Inc., BioTelemetry, Inc., OBS Medical Ltd., American Well, Empower Interactive, Inc., MDLIVE Inc., TalkSession Inc., Talkspace, Virtual Therapy Center, LLC, Teladoc, Inc., WeCounsel.
The use of telecommunications or videoconferencing technology to deliver mental health services is known as telemental health. Telepsychiatry or telepsychology are other terms for it. Many people, including those with attention deficit hyperactivity disorder (ADHD), post-traumatic stress disorder (PTSD), depression, and anxiety, may benefit from telemental health treatments, according to research.
Pharmacy Automation Market Dynamics
- Rise in the geriatric population
Due to the growing geriatric population, the tele-consulting category accounted for 42% of the telemedicine market share in 2020 is further anticipated to propel the growth of the telemental health market.
- Increase in the chronic conditions
Chronic diseases, according to the US Centers for Disease Control and Prevention (CDC), are important causes of death and disability worldwide, and they play a significant role in the rise in annual healthcare costs. Chronic disease management necessitates ongoing monitoring and treatment in order to decrease the progression of the disease will further accelerate the growth of the market.
- Government support
Several governments have launched remote telehealth monitoring systems aimed at enhancing drug administration and disease management in the homecare context is a vital factor further expected to drive the growth of the telemental health market.
In addition, rise in the use of blockchain is further estimated to provide potential opportunities for the growth of the telemental health market in the coming years.
On the other hand, the growing use of social media is further projected to impede the growth of the telemental health market in the targeted period. However, the incapacity to establish hygiene and cleanliness might further challenge the growth of the telemental health market in the near future.
This telemental health market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the telemental health market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Pharmacy Automation Market
The pandemic of COVID-19 has had a huge impact on the telemental health market. However, the COVID-19 pandemic, has provided immense opportunities for telehealth and telemedicine solutions, as it is capable of minimizing exposure. Furthermore, this technology is crucial in ensuring the safety of healthcare providers. Telemedicine is rapidly becoming a valuable asset with far-reaching ramifications for the entire healthcare delivery system. Telemedicine has various advantages, particularly in non-urgent/routine treatment and instances where direct provider-patient engagement is not required.
- In 2020, In the United States, Europe, Australia, New Zealand, and Singapore, Koninklijke Philips launched the Avalon CL Fetal and Maternal Pod and Patch for remote monitoring to support foetal and maternal monitoring.
Global Pharmacy Automation Market Scope and Market Size
The telemental health market is segmented on the basis of mental disorders, type, component, mode of delivery, end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Panic disorder
- Obsessive-Compulsive Disorder
- Posttraumatic Stress Disorder
On the basis of mental disorders, the telemental health market is segmented into panic disorder, obsessive-compulsive disorder, depression, posttraumatic stress disorder.
- Telebehavioral Health
On the basis type, the telemental health market is segmented into telepsychology, telepsychiatry, telebehavioral health, teleradiology, tele-consultation, tele-ICU, tele-stroke, tele-dermatology, other applications.
On the basis component, the telemental health market is segmented into services, software, hardware. Hardware is further sub segmented into glucose meters.
Mode of Delivery
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
- On-Premise Delivery Mode
On the basis mode of delivery, the telemental health market is segmented into web-based delivery mode, cloud-based delivery mode, and on-premise delivery mode.
On the basis of end user, the telemental health market is segmented into providers, payers and patients.
Pharmacy Automation Market Regional Analysis/Insights
The telemental health market is analysed and market size insights and trends are provided by country, mental disorders, type, component, mode of delivery, end user as referenced above.
The countries covered in the telemental health market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the telemental health market due to the rise in the demand for telemedicine. Furthermore, the growing of the healthcare understanding combined with cloud-based technologies acknowledgment which will further boost the growth of the telemental health market in the region during forecast period.
Asia-Pacific is projected to observe significant amount of growth in the telemental health market due to the rapid necessity for telemedicine and healthcare support. Moreover, the modernization and development in telecommunication is further anticipated to propel the growth of the telemental health market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The telemental health market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for telemental health market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the telemental health market. The data is available for historic period 2010-2020.
Competitive Landscape and Pharmacy Automation Market Share Analysis
The telemental health market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to telemental health market.
Some of the major players operating in the telemental health market are
- Cisco Systems, Inc. (US)
- AMD Global Telemedicine, Inc (US)
- Aerotel Medical Systems (1998) Ltd. (Israel)
- Medtronic (US)
- F. Hoffmann-La Roche Ltd. (US)
- McKesson Corporation (US)
- Koninklijke Philips N.V. (Netherlands)
- Otsuka America Pharmaceutical Inc. (Japan)
- Cerner Corporation (US)
- Allscripts (US)
- InTouch Technologies, Inc. (US)
- Resideo Technologies, Inc. (US)
- BioTelemetry, Inc. (US)
- OBS Medical Ltd. (UK)
- American Well (US)
- MDLIVE Inc. (US)
- TalkSession Inc. (US)
- Talkspace (US)
- Virtual Therapy Center, LLC (US)
- Teladoc, Inc. (US)
- WeCounsel (US)