Telehealth/Telemedicine Market Worth USD 12,105.

2 million by 2023
Telehealth/Telemedicine Market will drive the growth of the global telehealth market which is
expected to grow at a CAGR of 23.0% to reach USD 12,105.2 million by 2023, according to
Meticulous Research®.

Telehealth health, also known as telemedicines health or telepsychiatry or e-mental health or

virtual mental health is the provision of remote mental health care services through modalities
such as video conferencing, computer programs, and mobile applications. These services are
offered by various mental health providers including psychiatrists, psychologists, social workers,
counselors, and marriage and family therapists. Behavioral health care models have evolved over
the years. This is evident by the inclusion of hospital EDs providing telepsychiatric assessment
programs, and the establishment of virtual networks of mental health professionals providing
services to underserved regions

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Telemental health services are rapidly gaining acceptance among the payers and providers over
other telehealth disciplines. This is mainly because mental health providers and patients rarely find
any difference in care delivery and patient satisfaction remotely using telehealth technology as
compared with face-to-face mental health interactions. E-mental health care may improve the
quality of the communications between a mental health provider and his or her patients by reducing
the stigma that might occur when a patient physically visits the mental health center. Moreover,
factors such as the rising prevalence of mental illness and a shortage of mental health professionals
are further pushing healthcare stakeholders to look for alternative behavioral healthcare models
such as telehealth technology.

According to the National Crime Records Bureau, 2015, in India, the entire mental health
workforce, comprising clinical psychiatrists, psychologists, psychiatric social workers and
psychiatric nurses stands at 7,000, while the actual requirement is 54,750. As per a 2017 National
Council for Behavioral Health report, in 2025, in the U.S., the demand may outstrip supply by
6,090 to 15,600 psychiatrists. Thus, an escalating shortage of psychiatrist and other mental health
providers across the globe provides a growth opportunity for telemental health market.

Radiology and cardiology are by far the two leading applications of telehealth, which together
represented two-thirds of demand in 2017, and will continue to have the greatest impact on gains
through 2023. However, healthcare providers are rapidly expanding use of telemedicine in a
number of specialities including mental health, dermatology, oncology, and surgery in
underserved, rural, remote areas with deprived access to health specialists.

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Geographically, this market is categorized into North America, Europe, Asia-Pacific, and the Rest
of the World (RoW). North America commanded the largest share of the global telehealth market
in 2017. The largest market in North America is the U.S. and it is mainly attributed to rising
healthcare costs and regulatory policies, growth in geriatric population and increasing prevalence
of chronic diseases, shortage of healthcare professionals, implementation of government
initiatives, increasing funding for telehealth, and presence of several key players in this region.

Contact Info:

Viren Shrivastava

Email: viren@meticulousresearch.com

Direct Lines: +1-646-781-8004 (North America)

+44-203-868-8738 (Europe)

+91 744-7780008 (Asia-Pacific)