DUBLIN--(BUSINESS WIRE)--The "North America Telepsychiatry Market by Product, by Application, by Age Group, by Country, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The North America Telepsychiatry Market is expected to witness market growth of 18.5% CAGR during the forecast period (2020-2026).
Telemedicine is a type of healthcare facility in which services are provided by the use of technology, mainly by using audio calls or videoconferencing. Telepsychiatry is considered as a sub-segment of telemedicine that ranges from mental health solutions like therapies, for family, individual, and groups; psychiatric evaluations, medication management, and patient education. In Telepsychiatry there is either direct communication between the psychiatrist and the patient or by the help of psychiatrist who supports primary health care providers who are specialized in mental health.
The increasing cases of suicide among teenagers and young adults is resulting in an increase in the need for mental health treatment. This is likely to boost the telepsychiatry market. The many advantages associated with the adoption of telepsychiatry including better continuity of care and follow-up treatments, reduction in need of transportation, almost no delays in care, and the no need to wait long hours at hospitals, are aiding in the telepsychiatry market growth.
Furthermore, there is a lack of skilled professionals who are able to treat mental illness, varying regulatory scenario like the inclusion of certain compensation codes for telepsychiatry, are expected to contribute to the telepsychiatry market growth, as it offers accessibility between the psychiatrist and patients.
Scope of the Study
- In-home Solutions
- Crisis Solution
- Routine Solution
- Forensic Solution
- Other Products
- Community Mental Health Centers
- Skilled Nursing Facilities
- Specialty Care Settings
By Age Group
- Pediatric & Adolescent
- Rest of North America
- E-Psychiatry LLC
- Advanced TeleMed Services, Inc.
- American Telepsychiatrists
- Iris Healthcare, Inc.
- Encounter Telehealth, LLC
- FasPsych, LLC (Pharos Capital Group, LLC)
- MDLive, Inc.
- InnovaTel Telepsychiatry, LLC
- MYnd Analytics, Inc. (Arcadian Telepsychiatry)
- SOC Telemed, Inc.
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