TELEPSYCHIATRY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Telepsychiatry Market, By Product (In-home solutions, Forensic solutions, Routine solutions, Crisis solutions, and Others), By Age Group (Adult, Pediatric and Adolescent, and Geriatric), By End User (Community Mental Health Centers, Specialty Care Settings, Skilled Nursing Facilities, Homecare, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In June 2024, Wheel launched Horizon, an AI-powered telehealth solution that is designed to provide patient care insights and ease provider burdens. Horizon uses data from patient profiles, labs, and remote monitoring to offer personalized recommendations and identify trends, particularly benefiting companies focused on specific conditions. It enhances provider decision-making by suggesting relevant programs, like diabetes management for patients with elevated A1C levels.
In March 2023, Royal Philips announced the launch of Philips Virtual Care Management, a comprehensive suite of solutions designed to help healthcare providers, payers, and employers better engage with patients remotely. This service aims to alleviate hospital staff pressure by reducing emergency department visits and lowering care costs through improved chronic disease management.
In November 2021, around 230 organizations in Washington, DC, sent a letter to all 50 state governors, urging them to expand telehealth licensing flexibilities to improve patient care
In April 2021, Kry, a Sweden-based digital health start-up, provided telehealth services and software tools, with nearly 6,000 clinicians utilizing the platform to conduct remote consultations with patients
In May 2020, MDLIVE published a research paper highlighting the mental health challenges faced by mothers in the American region. The study revealed that approximately 33% of mothers experienced stress due to their responsibilities.