Telepsychiatry Market Overview: 2025-30
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The Telepsychiatry Market size was valued at around USD 22.6 billion in 2024 and is projected to reach USD 62 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18.3% during the forecast period, i.e., 2025-30. Increasing mental health disorders and problems are the driving forces behind the demand for psychiatry services via telephonic consultation thus propelling the growth of this market. As per the WHO, one in every eight individuals is suffering from a mental health illness and around 280 million people worldwide are suffering from depression. However, due to the lack of mental health specialists, prompt and effective psychiatric care is not provided to the patients.
Markntel Advisor’s Telepsychiatry Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Telepsychiatry Market drivers, barriers, Telepsychiatry Market Trends, and Key Players in Telepsychiatry Market.
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Telepsychiatry Market Dynamics: 2025-30
Growing Adoption of Digital Health Platforms – With the rise in the usage of digital health programs, telepsychiatry practices are expanding at a faster pace. Internet users worldwide account for 5 billion in 2024 and more than 70% of people globally have mobile networks so this has fostered the availability of digital health solutions. Woebot and Wysa two AI-powered chatbots for mental health have further transformed digital mental healthcare by providing millions of people with real-time therapeutic interactions. Additionally, since electronic health records facilitate easy patient data sharing telepsychiatry has become more efficient with over 89% of U.S. hospitals using EHRs combining EHR platforms. Digital mental health solutions are being actively funded by governments and healthcare organizations within the U.S. Psychiatric care will change because of this increased reliance on digital platforms becoming more effective and accessible globally.
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Telepsychiatry Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Product Type
- In-home solutions- Market Size & Forecast 2020-2030, USD Million
- Forensic solutions- Market Size & Forecast 2020-2030, USD Million
- Routine solutions- Market Size & Forecast 2020-2030, USD Million
- Crisis solutions- Market Size & Forecast 2020-2030, USD Million
- Others - Market Size & Forecast 2020-2030, USD Million
- By Age Group
- Paediatrics- Market Size & Forecast 2020-2030, USD Million
- Adolescent- Market Size & Forecast 2020-2030, USD Million
- Adult- Market Size & Forecast 2020-2030, USD Million
- Geriatrics- Market Size & Forecast 2020-2030, USD Million
- By End User
- Community Mental Health Centers- Market Size & Forecast 2020-2030, USD Million
- Specialty Care Settings- Market Size & Forecast 2020-2030, USD Million
- Skilled Nursing Facilities- Market Size & Forecast 2020-2030, USD Million
- Homecare- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
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Top Companies Operating in the Telepsychiatry Market:
- Talkspace
- Healthtap
- American Well
- MDLive
- Lyra Health
- Teladoc Health, Inc.
- Array Behavioral Care
- Encounter Telehealth
- Doctor on Demand
- Telemynd
- BetterHelp
- Mindstrong Health
- Quartet Health
- Valera Health
- Regroup Therapy
- Others
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