What is Telepsychiatry Software Market Scope?
Telepsychiatry software is designed and built to use cutting-edge technology to provide healthcare-related knowledge and services. It enables patients to connect with healthcare providers via video, audio, or text chat and seamlessly share health data. From diagnosis and evaluation to drug management and person and group counselling sessions, telepsychiatry software can offer a broad variety of clinical services. Telepsychiatry systems are used for communications between psychiatrists and primary care doctors or other healthcare professionals in addition to patient-psychiatrist interactions. A psychiatrist can use a telepsychiatry solution to consult with other healthcare providers about a patient's case and obtain a second opinion. This is particularly beneficial for psychiatrists working in rural or underserved areas, where they may be the only psychiatrist for miles. This was widely used during the COVID-19 pandemic .
Influencing Trend:
Increasing Technological Innovations Resulting In Enhanced Quality of Care
Market Growth Drivers:
Rising Population And Need To Expand Healthcare Access and The Rising Use of Mobile Wireless Technologies and M-Health Services
Challenges:
Lack of Technical knowledge among the geriatric Population.
Restraints:
High Initial Capital Requirements and Fraud in Telemedicine and Telehealth
Opportunities:
Advancements in Telecommunications, Government Support and Rising Awareness and Technology Adoption in The Wake of COVID-19
The Telepsychiatry Software market study is being classified by Type (In-home Solution, Crisis Solution, Forensic Solution and Routine Solution), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Telepsychiatry Software market throughout the predicted period.
Teladoc (United States), Amwell (United States), Medtronic (Ireland), Siemens healthineers (Germany), American Well (United States), Tunstall Healthcare (United Kingdom), Medweb (United States) and Eagle Telemedicine (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are iCliniq (India), MeMD (United States) and LiveHealth Online (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Telepsychiatry Software market by Type, Application and Region.
On the basis of geography, the market of Telepsychiatry Software 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).
Market Influencers and their Development Strategies
In January 2020 – Amwell launches remote psychiatry services. It will focus on hospital and healthcare facility-based remote services delivered by psychiatrists and will offer 24/7 coverage. By rapidly evaluating psychiatric patients, the offering aims to improve emergency department patient flow, expedite discharges and help hospitals circumvent expensive admissions or transfers
In October 2020 – Teladoc Health Launches Mental Health Telemedicine Service. Its new telemedicine service enables employees to count on convenient, stigma-free access to high-quality psychiatrists, psychologists and therapists from the convenience of their phone, web or mobile app.
Key Target Audience
Software Providers, Network Providers, End-Users, Healthcare Industry and Others
Telepsychiatry Software Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Telepsychiatry Software Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Telepsychiatry Software industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.