What is Telemental Health Market?
Online therapy, also known as telemental health, is a developing field. A therapist or counselor provides psychological counseling and support over the internet through video conferencing, email, online chat, or a phone call. Telemental health may be beneficial to individuals who cannot leave their home, who work alternative hours, as well as those overseas or who live in rural or remote areas. When it comes to psychology, counseling and mental health services, it is known as TelePsychology, TeleMental Health, E-Psychotherapy, E-Counseling, TelePsychiatry, Internet-based psychotherapy, and other containing TeleAnalysis for conducting psychoanalytic psychotherapy via telehealth technologies.
The market study is being classified by Type (Telepsychology, Telepsychiatry and Telebehavioral Health), by Application (Inpatient Hospital Treatment Services, Outpatient Counselling, Emergency Mental Health Services, Home-based Treatment Services and Others) and major geographies with country level break-up.
WeCounsel (United States), Cisco Systems, Inc. (United States), AMD Global Telemedicine, Inc (United States), Aerotel Medical Systems Ltd. (Israel), Medtronic (Ireland), F. Hoffmann-La Roche Ltd. (Switzerland), McKesson Corporation (United States), Koninklijke Philips N.V. (Netherlands), Otsuka America Pharmaceutical Inc. (United States), Cerner Corporation (United States), Allscripts (United States), InTouch Technologies, Inc. (United States), Resideo Technologies, Inc. (United States), BioTelemetry, Inc. (United States), OBS Medical Ltd. (United Kingdom), American Well (United States) and Empower Interactive, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are MDLIVE Inc. (United States), TalkSession Inc. (United States), Virtual Therapy Center, LLC (United States) and Teladoc, Inc. (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Telemental Health market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Telemental Health market by Type, Application and Region.
On the basis of geography, the market of Telemental Health has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Number of People Who Are Suffering From Behavioral Health
- Growing Accessibility of Therapies for Behavioral Health
Market Trend
- Increasing Preferences of Partial Hospitalization Programs (PHP)
- Advent of Online Counselling
- Emergence of Behavioral Software
Restraints
- Dearth of Awareness of Behavioral Health
- Lack of Proper Reimbursement
Opportunities
- Technological Advancement in Healthcare Expenditure in Emerging Economics
Challenges
- Lack Of Awareness in Developing Countries and Time-Consuming Procedures
Key Target Audience
Vendors/Service Providers, Healthcare IT Service Providers, Research and Consulting Firms, Healthcare Insurance Companies/Payers, Healthcare Institutions/Providers, Venture Capitalists, Government Agencies, Health Information Exchanges and Accountable Care Organizations (ACOs)