Telepsychiatry Market Reshapes Mental Healthcare with Virtual Consultations

Global telepsychiatry market was valued US $10.69 Bn in 2022 and is expected to reach US $62.91 Bn by 2030, growing at a CAGR of 24.8% during the forecast period 2023-2030
The Telepsychiatry market is not only witnessing increased demand from individuals seeking mental health support but also garnering interest from healthcare providers and institutions. Recognizing the cost-effectiveness and efficiency of Telepsychiatry, many healthcare organizations are integrating these services into their existing mental health programs. This strategic shift is driven by a dual objective – improving patient outcomes and optimizing resource utilization.