The Asia Pacific Telepsychiatry Market would witness market growth of 20.8% CAGR during the forecast period (2020-2026). Telepsychiatry services are available at the fingertips and also saves the time of consultation. Furthermore, the improvement in the guidelines regarding security and privacy help, gaining the confidence of the patients on virtual consultation which will ultimately increase the profits in the Telepsychiatry Market in the coming years.
In addition to it, telepsychiatry services also reduce healthcare costs. Apart from it forensic telepsychiatry also minimizes the risk and time required to escort the inmate to the hospitals or treatment center. The global COVID-19 outbreak has increased the popularity of the crisis solution segment as in the pandemic many people have started facing mental health-related issues.
The crisis solution segment is gaining popularity due to the COVID-19 pandemic as many people are facing mental health disorders during staying at home. Many players are providing free service during this public health emergency which is expected to increase the adoption. Moreover, adults are also getting more familiar with the use of smartphones and online services and it is fuelling the demand in the market. There is an improvement in virtual consultation for the getting solutions for mental health-related issues due to social distancing and job losses during the pandemic and this is in turn increasing the adoption of such services.
Based on Product, the market is segmented into In-home Solutions, Crisis Solution, Routine Solution, Forensic Solution and Other Products. Based on Application, the market is segmented into Community Mental Health Centers, Homecare, Skilled Nursing Facilities, Specialty Care Settings and Others. Based on Age Group, the market is segmented into Adult, Pediatric & Adolescent, and Geriatric. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Telepsychiatry Market in Asia Pacific is expected to register a CAGR of 20.8% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include 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), and SOC Telemed, Inc.
Market Segmentation:
By Product
By Application
By Age Group
By Country
Companies Profiled
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