Press release
Telepsychiatry Market 2021 Status and Global Outlook - InSight Telepsychiatry, American Telepsychiatrists, Iris Telehealth
The Telepsychiatry Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This helps to understand about the crucial opportunities as well as threats that can impact market globally as world economy has great impact due to COVID 19.Over the next five years the Telepsychiatry market will register a 23.4% CAGR in terms of revenue, the global market size will reach US$ 310.5 million by 2026.
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Top Leading Companies of Global Telepsychiatry Market are InSight Telepsychiatry, American Telepsychiatrists, Iris Telehealth, JSA Health, Advanced Telemed Services, FasPsych, Genoa, Encounter Telehealth, Arcadian Telepsychiatry, InnovaTel and others.
Market Overview:
Telepsychiatry services helps in providing affordable, convenient and readily-accessible mental health services. The American Psychiatric Association helped psychiatrists to adopt the telepsychiatry service for better patient satisfaction and care. During the COVID-19 outbreak HHS waived the HIPAA penalties for using the NON-HIPAA compliant videoconferencing software, thus increasing the adoption. The licensure requirements have also been waived so patients can reach to any providers interstate for services.
The shortage of psychiatry beds further increases the need for virtual consultation services. According to the Psychiatric Services report, there were around 14 beds per 100,000 people available in the U.S. as of 2018 which is much lower than the growing demand. The lack of proactive care and inconsistent treatment may lead to a dangerous situation which can be reduced by constant monitoring via telepsychiatry services. Telepsychiatry helps in more effective crisis response, thus propelling the demand.
Market News and Updates:
Dec. 10, 2019 – InSight Telepsychiatry and Regroup Telehealth have merged to become the largest and most comprehensive telepsychiatry service provider in the US.
The merger between InSight and Regroup brings together a robust network of providers and an impressive group of clinical and executive leaders with extensive experience and expertise across different care settings and patient populations for underserved individuals and communities. This joint effort will allow for increased delivery of mental health services across the country in response to a nationwide shortage of specialists coupled with a rising need for behavioral health services.
InSight Telepsychiatry, based in Mt Laurel, NJ, has more than twenty years of telepsychiatry experience and serves hundreds of organizations in various settings with its on-demand, scheduled and direct-to-consumer (Inpathy) divisions. Since its inception, InSight has maintained its reputation as a trusted and experienced industry thought leader by upholding a high standard of clinical care and actively advocating for increased adoption of telebehavioral health.
The report includes a detailed segmentation study of the market. Additionally, segments are analyzed in terms of market growth, share, growth rate, and other vital factors. It also provides the attractiveness index of segments so that players can be informed about lucrative revenue pockets. The extensive evaluation of segments provided in the report will help readers to focus on the right areas of the global Telepsychiatry market.
Global Telepsychiatry Market Type analysis:
Routine Telepsychiatry
Forensic Telepsychiatry
Crisis Telepsychiatry
In-Home Telepsychiatry
Global Telepsychiatry Market Application analysis:
Adults
Teenagers
Geriatric Populations
The report assesses the strengths and weaknesses of competitors using competitive analysis tools. In the report, it also provides comprehensive production and shipment analysis from point of origin to end user purchase. Furthermore, latest industry developments have been included to help users stay ahead of their competitors. Apart from the production share of regional markets analyzed in the report, readers are informed about gross margin, price, revenue, and production growth rate of Telepsychiatry market.
Browse Full Report Copy for TOC:
https://marketinsightsreports.com/reports/03252753239/global-telepsychiatry-market-growth-status-and-outlook-2021-2026?Mode=11
The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends of Telepsychiatry market to give holistic view on Telepsychiatry Market.
Following are major Table of Content of Telepsychiatry Market:
-An overall analysis of industry trends.
-Global Telepsychiatry market overview.
-Major commercial developments in the Telepsychiatry industry.
-Detailed information about drivers, opportunities, and restraints of the Telepsychiatry market
-Positioning of major market participants in the Telepsychiatry industry.
-Competitive Landscape and analysis regarding Telepsychiatry market and key product segments of a market.
-Telepsychiatry market revenue and forecast analysis, by type, application, end-user and geography.
-Key market trends and future growth prospects of the Telepsychiatry market.
We Offer Customization On Report Based On Specific Client Requirement:
– Country Level analysis for any 5 countries of your choice.
– Competitive analysis of any 5 key market players.
– 40 analyst hours to cover any other data point.
Related Reports:
Global Telepsychiatry Software Market Growth (Status And Outlook) 2021-2026
https://marketinsightsreports.com/reports/05202912083/global-telepsychiatry-software-market-growth-status-and-outlook-2021-2026?Mode=11
Global Telepsychiatry Service Market Size, Status And Forecast 2021-2027
https://marketinsightsreports.com/reports/01282573485/global-telepsychiatry-service-market-size-status-and-forecast-2021-2027?Mode=11
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Irfan Tamboli (Head of Sales): Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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