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.
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<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 />
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<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 />
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