Analysis of Telepsychiatry Market Size by Research Nester Reveals the Market to Grow with a CAGR of 16.9% During 2025-2037 and Attain USD 77.5 Billion by 2037
Research Nester’s recent market research analysis on “Telepsychiatry Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global telepsychiatry market in terms of market segmentation by service type, age group, end use, and by region.
Increasing Prevalence of Mental Health Disorders to Promote Global Market Share of Telepsychiatry
According to the World Health Organization (WHO), globally, 970 million people, 1 in every 8 people, were living with a mental disorder, in 2019. Anxiety and depression were rated as the most common mental disorder visible among the patients. In the same year, as many as 280 million people lived with depression, including 23 million children and adolescents, and 301 million people lived with anxiety, with 58 million comprising children and adolescents. This rising number of mental health disorders cases has significantly impacted the market growth so far, which is projected to continue during the forecast period.
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The rising number of cases has led to the introduction of a wide number of accessible and scalable treatment options. Conditions such as depression and other stress-related disorders have increased further due to modern lifestyle pressures and the global impact of COVID-19, prompting more individuals to seek convenient, remote mental health care solutions that telepsychiatry can offer. Many companies have now started offering psychological counseling and consultations online, keeping the market landscape highly competitive.
Some of the major growth factors and challenges that are associated with the growth of the global telepsychiatry market are:
Growth Drivers:
• COVID-19 pandemic impact
• Cost-effectiveness and efficiency
Challenges:
Data privacy and confidentiality a prime challenge faced by the companies operating in the market. Sensitive patient information must be securely transmitted and stored, which requires robust cybersecurity measures. This is especially challenging as telepsychiatry sessions often take place over video calls or chat platforms, where there is a heightened risk of data breaches or unauthorized access, making patient trust and compliance with privacy regulations crucial.
By service type, the global telepsychiatry market is segmented into in-home telepsychiatry, crisis telepsychiatry, routine telepsychiatry, and forensic telepsychiatry. The in-home telepsychiatry segment is expected to garner considerable revenue by the end of 2037 by growing at a significant CAGR over the forecast period. The segment is majorly driven by the increasing preference for receiving mental health services from the comfort and privacy of home. In-home telepsychiatry not only broadens access but also supports continuity of care, making it the dominant service type within telepsychiatry as demand for remote mental support continues to grow.
By region, the Europe telepsychiatry market is projected to generate noteworthy revenue by the end of 2037. The rise in telehealth services in the region is a major growth factor for the market. As per an article by the WHO, dated October 2024, a regional survey concluded that 51% of the countries in the region offered telepsychiatry services. Germany and France are witnessing rising adoption due to strong telemedicine infrastructure, in addition to the increased awareness around mental health post COVID-19, and growing investments in digital health.
This report also provides the existing competitive scenario of some of the key players of the market, including Access TeleCare, LLC, Advanced Telemed Services, Amedisys, American Telepsychiatrists, Array Behavioral Care, Brightside Health Inc., and others.
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