Telepsychiatry Market Size To Reach $64.5 Billion By 2030

Telepsychiatry Market Growth & Trends

The global telepsychiatry market size is expected to reach USD 64.5 billion by 2030, expanding at a 18.4% CAGR from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing mental health disorder and advancement in healthcare IT are key driving factors for this market.

Virtual consultation help in significantly reducing the travel time and is one the primary reasons for its growing acceptance among patients. According to the National Institute Of Mental Health, in 2018 one in five adults in U.S. had a mental illness. There has been a significant rise in telemental health visits over the past decade in the developed countries such as U.S., U.K., Germany, and Spain and the trend is expected to continue during the forecast period, thereby contributing to the adoption of virtual mental health consultation by hospitals and healthcare settings. Moreover, the usage of smart surveillance cameras and analytical software can notify the caregivers in terms of changes in activity or lack of movement in patients with mental health diseases, which is increasing the adoption.

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Telepsychiatry Market Report Highlights

• In terms of revenue, in-home solutions dominated the application segment in 2024 owing to its increased usage in home care settings and growing smartphone penetration

• On basis of age group, adults dominated the segment as of 2024 owing to increasing incidence of anxiety and depression within this age group

• On basis of end use, community mental health centers held the largest revenue share in 2024 owing to increase in number of such facilities and its growing popularity

Telepsychiatry Market Segmentation

Grand View Research has segmented the global telepsychiatry market report on the basis of product, age group, end use, and region:

Telepsychiatry Product Outlook (Revenue, USD Million, 2018 - 2030)

• In-home Solutions

• Forensic Solutions

• Routine Solutions

• Crisis Solutions

• Others

Telepsychiatry Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• Adult

• Pediatric and Adolescent

• Geriatric

Telepsychiatry End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Community Mental Health Centers

• Specialty Care Settings

• Skilled Nursing Facilities

• Homecare

• Others

Telepsychiatry Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Norway

  • Denmark

  • Sweden

• Asia Pacific

  • China

  • India

  • Australia

  • Japan

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Telepsychiatry Market

• Array Behavioral Care (InSight Telepsychiatry, LLC+Regroup Telehealth)

• Telemynd

• MDsafari Inc. (Formerly e-Psychiatry )

• Advanced Telemed Services

• American Telepsychiatrists

• Iris Telehealth Inc.

• MDLIVE (Evernorth Company)

• innovaTel

• Access TeleCare, LLC  (Formerly SOC Telemed)

• Encounter Telehealth