Telepsychiatry Market Revenue, Opportunity, Forecast and Value Chain 2016-2026
Telepsychiatry Market Overview The arrival of telecommunication technology in the 20th century truly revolutionised a number of fields. National boundaries become irrelevant and the world became one big global village. It also led to the advent of telemedicine which would have been unthinkable fifty years ago. Telemedicine is taking the help of Information Technology and telecommunication equipment to provide medical diagnoses from a distance. It helps eliminate the barriers of distance and is vital in serving far-flung rural communities with medical care. One of the main constituents of telemedicine is the telepsychiatry market. At its core, it is about using telecommunications equipment to provide psychiatric assessment and also care. It relies on video conferencing technology to connect psychiatrists to their patients. Telepsychiatry can be offered through intermediary companies or even individual specialists. The telepsychiatry market has truly come of age in the 21st century and is poised to have a very bright future.
Telepsychiatry Market Overview
The arrival of telecommunication technology in the 20th century truly revolutionised a number of fields. National boundaries become irrelevant and the world became one big global village. It also led to the advent of telemedicine which would have been unthinkable fifty years ago. Telemedicine is taking the help of Information Technology and telecommunication equipment to provide medical diagnoses from a distance. It helps eliminate the barriers of distance and is vital in serving far-flung rural communities with medical care. One of the main constituents of telemedicine is the telepsychiatry market. At its core, it is about using telecommunications equipment to provide psychiatric assessment and also care. It relies on video conferencing technology to connect psychiatrists to their patients. Telepsychiatry can be offered through intermediary companies or even individual specialists. The telepsychiatry market has truly come of age in the 21st century and is poised to have a very bright future.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Telepsychiatry</strong> <strong>Market</strong>,<strong>Forecast</strong> <strong>and</strong> <strong>Value</strong> <strong>Chain</strong> <strong>2016</strong>-<br />
<strong>2026</strong><br />
December <strong>2016</strong><br />
Report Id : REP-GB-2321<br />
Status : Ongoing<br />
Category : Electronics, Semiconductors, <strong>and</strong> ICT<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
About<br />
Future <strong>Market</strong> Insights<br />
Future <strong>Market</strong> Insights (FMI) is a premier provider of syndicated research reports, custom<br />
research reports, <strong>and</strong> consulting services. We deliver a complete packaged solution, which<br />
combines current market intelligence, statistical anecdotes, technology inputs, valuable growth<br />
insights, aerial view of the competitive framework, <strong>and</strong> future market trends.<br />
We provide research services at a global as well as regional level; key regions include GCC,<br />
ASEAN, <strong>and</strong> BRIC.<br />
Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy,<br />
Technology, Healthcare, <strong>and</strong> Retail.<br />
We have a global presence with delivery centers across India specializing in providing global<br />
research reports <strong>and</strong> country research reports. FMI is headquartered out of London, U.K., with a<br />
state-of-the-art delivery center located in Pune, India. We combine our knowledge <strong>and</strong> learning<br />
from every corner of the world to distill it to one thing – the perfect solution for our client.<br />
Research Capabilities<br />
Sector Coverage<br />
<br />
<br />
<br />
<br />
Customized Research<br />
Syndicated Research<br />
Investment Research<br />
Social Media Research<br />
<br />
<br />
<br />
<br />
Automotive <strong>and</strong> Transportation<br />
Electronics, Semiconductor, <strong>and</strong> ICT<br />
Retail <strong>and</strong> Consumer Products<br />
Industrial Automation <strong>and</strong> Equipment<br />
<br />
<br />
<br />
<br />
Chemicals & Materials<br />
Food <strong>and</strong> Beverages<br />
Services <strong>and</strong> Utilities<br />
Energy, Mining, Oil, <strong>and</strong> Gas<br />
Customized<br />
Research<br />
Syndicated<br />
Research<br />
Investment<br />
Research<br />
Social Media<br />
Research<br />
Subscription Information<br />
For detailed subscription information please contact<br />
Hari. T (Sr. Manager - Global Business Development)<br />
T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268<br />
Email: hari.t@futuremarketinsights.com<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
2
Research Methodology (1/2)<br />
Systematic Research Approach<br />
<strong>Market</strong> profiling<br />
Formulating discussion guide<br />
Developing list of respondents<br />
Data collection<br />
Data validation<br />
4<br />
5<br />
3<br />
1<br />
2<br />
In-depth secondary research is used to<br />
ascertain overall market size, top<br />
industry players, top products, industry<br />
associations, etc.<br />
PMR formulates a detailed discussion<br />
guide to conduct expert <strong>and</strong> industry<br />
interviews<br />
PMR develops a list of industry players<br />
(manufacturers), distributors, retailers<br />
<strong>and</strong> industry experts<br />
PMR conducts interviews with industry<br />
experts, industry players, distributors<br />
<strong>and</strong> retailers<br />
Data is validated by triangulation<br />
method, wherein secondary, primary<br />
<strong>and</strong> PMR analysis contribute to the final<br />
data<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Data<br />
Collection<br />
Data Filter<br />
& Analysis<br />
Identifying key opinion leaders<br />
Questionnaire design<br />
In-depth interviews<br />
Coverage across value chain<br />
<strong>Market</strong> participants<br />
Key strengths<br />
Product portfolio<br />
Mapping as per value chain<br />
Key focus segments<br />
A<br />
Primary<br />
Research<br />
C<br />
Company<br />
Analysis<br />
Research &<br />
Intelligence<br />
SOLUTION<br />
Actionable<br />
Insights<br />
B<br />
Desk<br />
Research<br />
<br />
<br />
<br />
<br />
<br />
<br />
Business<br />
Solution<br />
Key industry experts<br />
Channel study<br />
Developments<br />
<strong>Market</strong> dynamics<br />
Products<br />
Conclusions<br />
Data analysis<br />
6<br />
Data is scrutinized using MS-Excel to<br />
obtain qualitative <strong>and</strong> quantitative<br />
insights about the industry<br />
Primary Research #<br />
Secondary Research #<br />
Paid Publications#<br />
Insights<br />
7<br />
PMR delivers industry insights <strong>and</strong><br />
information in the required format<br />
(PDF)<br />
<br />
<br />
<br />
<br />
Linkedin<br />
Zoominfo<br />
Salesforce<br />
Avention<br />
<br />
<br />
<br />
<br />
Company websites<br />
Company annual<br />
reports<br />
White papers<br />
Financial reports<br />
<br />
<br />
<br />
<br />
Factiva<br />
GBI<br />
Genios<br />
Meltwater<br />
# includes sources of databases<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
3
<strong>Telepsychiatry</strong> <strong>Market</strong><br />
<strong>Telepsychiatry</strong> <strong>Market</strong> Overview<br />
The arrival of telecommunication technology in the 20th century truly revolutionised a number of fields.<br />
National boundaries become irrelevant <strong>and</strong> the world became one big global village. It also led to the advent<br />
of telemedicine which would have been unthinkable fifty years ago. Telemedicine is taking the help of<br />
Information Technology <strong>and</strong> telecommunication equipment to provide medical diagnoses from a distance. It<br />
helps eliminate the barriers of distance <strong>and</strong> is vital in serving far-flung rural communities with medical care.<br />
One of the main constituents of telemedicine is the telepsychiatry market. At its core, it is about using<br />
telecommunications equipment to provide psychiatric assessment <strong>and</strong> also care. It relies on video<br />
conferencing technology to connect psychiatrists to their patients. <strong>Telepsychiatry</strong> can be offered through<br />
intermediary companies or even individual specialists. The telepsychiatry market has truly come of age in<br />
the 21 st century <strong>and</strong> is poised to have a very bright future.<br />
<strong>Telepsychiatry</strong> <strong>Market</strong> Drivers<br />
One of the key drivers of the telepsychiatry market, especially in the U.S. has been the severe shortage of<br />
psychiatric doctors, particularly those specialising in child & adolescent psychiatry. <strong>Telepsychiatry</strong> can allow a<br />
doctor to see a larger number of patients quicker, thus utilising their limited time to the fullest. Another<br />
driver is the rapidly improving mobile network infrastructure, enabling doctors to clinically assess <strong>and</strong> treat<br />
patients in small villages <strong>and</strong> semi-urban areas. This eliminates the need for either the doctor or patient to<br />
travel long distances, significantly saving both parties time <strong>and</strong> money. Rural areas suffer from a dearth of<br />
trained medical professionals along with a severe lack of awareness. Hence, even if they possess serious<br />
mental health issues, they might be ignored or even suppressed.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Telepsychiatry</strong> <strong>Market</strong><br />
The third factor is cost reduction. <strong>Telepsychiatry</strong> ensures that neither the psychiatrist nor their patient needs<br />
to travel. All that they require is an Internet connection, saving them substantial costs. The telepsychiatry<br />
market can also be beneficial for psychiatrists seeking a quick second opinion. Psychiatrists have the<br />
advantage of beginning the treatment quickly <strong>and</strong> sharing their knowledge, while their patients can be<br />
assured of the doctor’s diagnoses being validated.<br />
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2321<br />
<strong>Telepsychiatry</strong> <strong>Market</strong> Restraints<br />
There are two sides to every coin. Just as Information Technology & telecommunications have benefited us<br />
in numerous ways, they have caused a lot of problems like data hacking, privacy concerns, identity fraud etc.<br />
which were unheard of in the past. Patchy Internet connectivity can be a serious constraint to the growth of<br />
the telepsychiatry market. Mobile coverage can be notoriously fickle even in developed countries <strong>and</strong> there<br />
are many regions around the world which still use antiquated 2G network connections. There is a strong<br />
likelihood of a patient being disconnected from their psychiatrist in the middle of a therapy session, causing<br />
great inconvenience to both. A second challenge can be privacy concerns. People have become digitally wary<br />
now with all the cases of data hacking, email leaks <strong>and</strong> confidential data being made public by insider leaks.<br />
They might be concerned that their psychotherapy sessions could be compromised or might even be<br />
recorded making them reluctant to agree to this kind of treatment. The third restraint for the telepsychiatry<br />
market is the ambiguity of regulatory policy. <strong>Telepsychiatry</strong> blurs the line between medicine <strong>and</strong> technology<br />
<strong>and</strong> each country has separate laws for each, making governing this field a challenge.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
<strong>Telepsychiatry</strong> <strong>Market</strong><br />
Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-2321<br />
<strong>Telepsychiatry</strong> <strong>Market</strong> Key Regions<br />
In the U.S, telepsychiatry is typically covered by insurance when it is incorporated into a Medicare program.<br />
The U.S is the largest telepsychiatry market at present, followed by the E.U. This is because they have the<br />
required technology in place already <strong>and</strong> also the required funding from the government or private sector.<br />
There is a higher prevalence of psychiatric ailments in this part of the world <strong>and</strong> the general population are<br />
well aware of the need to seek medical assistance to overcome them. In countries like India, Latin American<br />
<strong>and</strong> the Middle East, a young population leading an increasingly stressful life along with comparatively fewer<br />
psychiatrists in percentage terms will contribute to the growth of the telepsychiatry market there.<br />
<strong>Telepsychiatry</strong> <strong>Market</strong> Key <strong>Market</strong> Players<br />
Some of the players in the telepsychiatry market are InSight <strong>Telepsychiatry</strong>, Iris Telehealth, Arcadian<br />
<strong>Telepsychiatry</strong> <strong>and</strong> Advanced Telemed Services.<br />
Browse Full Report@ http://www.futuremarketinsights.com/reports/telepsychiatry-market<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6
<strong>Telepsychiatry</strong> <strong>Market</strong><br />
Click here to<br />
Order a free sample<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 7
To know more about us, please visit our website:<br />
www.futuremarketinsights.com<br />
For sales queries or new topics email us on:<br />
sales@futuremarketinsights.com<br />
For media queries, contact the press office at<br />
press@futuremarketinsights.com<br />
For other queries contact:<br />
Hari. T (Sr. Manager - Global Business Development)<br />
Future <strong>Market</strong> Insights: 3rd Floor,<br />
207 Regent Street, London W1B 3HH<br />
T: +44 20 7692 8790 | D: +44 20 3287 4268<br />
Email: hari.t@futuremarketinsights.com<br />
Thank You<br />
Future <strong>Market</strong> Insights Global & Consulting Private Limited (FMI)<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
8
Change language