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. 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.
In 2018, the global Telepsychiatry market size was 72 million US$ and it is expected to reach 300 million US$ by the end of 2025, with a CAGR of 22.6% during 2019-2025.
This report focuses on the global Telepsychiatry status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Telepsychiatry development in United States, Europe and China.
The key players covered in this study
InSight Telepsychiatry
American Telepsychiatrists
Iris Telehealth
JSA Health
Advanced Telemed Services
FasPsych
Genoa
Encounter Telehealth
Arcadian Telepsychiatry
InnovaTel
Market segment by Type, the product can be split into
Routine Telepsychiatry
Forensic Telepsychiatry
Crisis Telepsychiatry
In-home Telepsychiatry
Market segment by Application, split into
Adults
Teenagers
Geriatric Populations
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Telepsychiatry status, future forecast, growth opportunity, key market and key players.
To present the Telepsychiatry development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Telepsychiatry are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Telepsychiatry . Industry analysis & Market Report on Telepsychiatry is a syndicated market report, published as Global Telepsychiatry Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Telepsychiatry market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.