South Korea Telepsychiatry Market Size & Outlook, 2019-2027
South Korea telepsychiatry market, 2018-2027 (US$M)
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South Korea telepsychiatry market highlights
- The South Korea telepsychiatry market generated a revenue of USD 100.2 million in 2019 and is expected to reach USD 685.7 million by 2027.
- The South Korea market is expected to grow at a CAGR of 27.2% 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 100.2 million |
| Market revenue in 2027 | USD 685.7 million |
| Growth rate | 27.2% (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 Korea accounted for 1.4% 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 Asia Pacific, China telepsychiatry market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,025.4 million by 2027.
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Telepsychiatry Market Scope
Telepsychiatry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 39.02% in 2019. Horizon Databook has segmented the South Korea 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 Korea telepsychiatry market, including forecasts for subscribers. This country databook contains high-level insights into South Korea telepsychiatry market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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South Korea telepsychiatry market size, by product, 2018-2027 (US$M)
South Korea Telepsychiatry Market Share, 2019 & 2027 (US$M)
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