Pune, India -- (SBWIRE) -- 03/19/2018 -- Global Telemental Health Market accounted to USD 1.66 billion in 2016 growing at a CAGR of 25.12% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors: Global Telemental Health Market

Some of the major players operating in telemental health market are Cisco Systems, Inc., AMD Global Telemedicine, Aerotel Medical Systems, Medtronic, F. Hoffmann-La Roche Ltd., McKesson Corporation, Koninklijke Philips N.V., Otsuka America Pharmaceutical Inc., Cerner Corporation, Allscripts, InTouch Technologies, Inc., Honeywell Life Care Solutions, BioTelemetry, Inc., OBS Medical Ltd., American Well, Empower Interactive, Inc., MDLIVE Medical Group, PA, TalkSession Inc., Talkspace, Virtual Therapy Connect, Teladoc, Inc., wecounsel, Genoa, a QoL Healthcare Company, Medvivo Group Ltd, GlobalMed, TGH Acquisitions Ltd. and Vidyo, Inc. among others.

Competitive Analysis: Global Telemental Health Market

The telemental health market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telemental health market for global, Europe, North America, Asia Pacific and South America.

Market Definition: Global Telemental Health Market

Telemental health is a division of Telehealth market. Telemental health, the use of telemedicine technology which provides mental health services from a distance. Additionally, it also provides consultation, supervision, health intervention, assessment, education, and information across distances.

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Major market drivers and restraints: Global Telemental Health Market

Prevalence of mental disorders in all age groups
Time efficient and low cost services
Rise in acceptance of telemental health
Fewer facilities in the remote areas
Lack of skilled expertise in remote areas
Government initiatives
Technological advancements in telecommunication infrastructure

Market Segmentation: Global Telemental Health Market

The telemental health market is segmented by mental disorders in panic disorder, obsessive-compulsive disorder (OCD), depression and posttraumatic stress disorder.

On the basis of type the market is segmented into telepsychology, telepsychiatry and telebehavioral health.

On the basis of component the market is segmented into services, software and hardware. Services are sub segmented into remote monitoring, real-time interactions and store-and-forward consultations. Software is sub segmented into integrated software and standalone software. Hardware is sub segmented into monitors, smartphones and wireless tools.

By mode of delivery the market is segmented into web-based delivery mode, cloud-based delivery mode and on-premise delivery mode.

By end user the market is segmented into providers, payers and patients.

On the basis of geography, telemental health market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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