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Telepsychiatry Market Share

Report ID: GMI10498
Published Date: Jul 2024
Report Format: PDF

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Telepsychiatry Market Share

The market is growing quickly, with many different players like tech companies, mental health providers, and healthcare systems. Leading companies stand out by using advanced video tools, secure data handling, and easy-to-use interfaces. More partnerships are forming between telepsychiatry providers, healthcare systems, insurance companies, and government agencies to improve services and expand reach. Strategies include offering full mental health services, combining telepsychiatry with primary and specialty care, and using regulatory changes to get better reimbursement and support. As the market grows, competition will increase due to new technology, regulatory changes, and changing patient needs.

Telepsychiatry Market Companies

Prominent players operating in the telepsychiatry industry include:

Access TeleCare, LLC
Advanced Telemed Services
Amedisys
American Telepsychiatrists
Array Behavioral Care
Brightside Health Inc.
Encounter Telehealth
Epsychiatry Pty. Ltd.
innovaTel.
Iris Telehealth Inc.
MDLIVE Inc.
Psyclarity Health
SOL Mental Health
Telemynd
Valera Health, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global telepsychiatry market was valued at USD 9.9 billion in 2023 and is expected to exhibit

The in-home telepsychiatry industry generated USD 4.5 billion in 2023 and will grow rapidly through 2032, as it eliminates the need for patients to travel to a physical location for their appointments.

North America telepsychiatry market is anticipated to grow at 16.6% CAGR between 2024 and 2032, owing to mental health issues like anxiety, depression, and substance abuse.

Encounter Telehealth, Epsychiatry Pty. Ltd, innovate, Iris Telehealth Inc, MDLIVE Inc, Psyclarity Health, SOL Mental Health, and Telemynd among others.