South Africa Telepsychiatry Market Size & Outlook, 2019-2027
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South Africa telepsychiatry market highlights
- The South Africa telepsychiatry market generated a revenue of USD 44.1 million in 2019 and is expected to reach USD 269.1 million by 2027.
- The South Africa market is expected to grow at a CAGR of 25.4% from 2020 to 2027.
- In terms of segment, in-home solutions was the largest revenue generating product in 2019.
- Crisis solutions is the most lucrative product segment registering the fastest growth during the forecast period.
Telepsychiatry market data book summary
| Market revenue in 2019 | USD 44.1 million |
| Market revenue in 2027 | USD 269.1 million |
| Growth rate | 25.4% (CAGR from 2019 to 2027) |
| Largest segment | In-home solutions |
| Fastest growing segment | Crisis solutions |
| Historical data | 2018 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-home solutions, Forensic solutions, Routine solutions, Crisis solutions |
| Key market players worldwide | InSight Telepsychiatry, Telemynd, E-Psychiatry, Telemed Systems, American Telepsychiatrists, Iris Telehealth, Evernorth, InnovaTel Telepsychiatry, Encounter Telehealth |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global telepsychiatry market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, South Africa telepsychiatry market is projected to lead the regional market in terms of revenue in 2027.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 159.9 million by 2027.
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Telepsychiatry Market Scope
Telepsychiatry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Encounter Telehealth | View profile | 11-50 | Omaha, Nebraska, United States, North America | http://www.encounter.health/ |
| InnovaTel Telepsychiatry | View profile | 51-100 | Erie, Pennsylvania, United States, North America | http://www.intelpsych.com |
| Iris Telehealth | View profile | 251-500 | Austin, Texas, United States, North America | https://iristelehealth.com/ |
| American Telepsychiatrists | View profile | 251-500 | Sacramento, California, United States, North America | https://www.atpsnetwork.com |
| E-Psychiatry | View profile | 1-10 | Hartford, Connecticut, United States, North America | https://www.e-psychiatry.com/ |
| Telemynd | View profile | 101-250 | Maynard, Massachusetts, United States, North America | https://www.telemynd.com/ |
| InSight Telepsychiatry | View profile | 501-1000 | Marlton, New Jersey, United States, North America | http://insighttelepsychiatry.com/ |
| Evernorth | View profile | 10001+ | St Louis, Missouri, United States, North America | https://www.evernorth.com |
| Telemed Systems | View profile | 11-50 | Hudson, Massachusetts, United States, North America | https://telemedsystems.com |
South Africa telepsychiatry market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telepsychiatry market will help companies and investors design strategic landscapes.
In-home solutions was the largest segment with a revenue share of 37.87% in 2019. Horizon Databook has segmented the South Africa telepsychiatry market based on in-home solutions, forensic solutions, routine solutions, crisis solutions covering the revenue growth of each sub-segment from 2018 to 2027.
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Our clientele includes a mix of telepsychiatry market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa telepsychiatry market, including forecasts for subscribers. This country databook contains high-level insights into South Africa telepsychiatry market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa telepsychiatry market size, by end use, 2018-2027 (US$M)
South Africa Telepsychiatry Market Share, 2019 & 2027 (US$M)
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