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Telepsychiatry Market Overview<br><br>The arrival of telecommunication technology in the 20th century truly revolutionised a number of fields. National boundaries become irrelevant and the world became one big global village. It also led to the advent of telemedicine which would have been unthinkable fifty years ago. Telemedicine is taking the help of Information Technology and telecommunication equipment to provide medical diagnoses from a distance. It helps eliminate the barriers of distance and is vital in serving far-flung rural communities with medical care. One of the main constituents of telemedicine is the telepsychiatry market. At its core, it is about using telecommunications equipment to provide psychiatric assessment and also care. It relies on video conferencing technology to connect psychiatrists to their patients. Telepsychiatry can be offered through intermediary companies or even individual specialists. The telepsychiatry market has truly come of age in the 21st century and is poised to have a very bright future.
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Telepsychiatry Market,Forecast and Value Chain 2016- 2026 December 2016 Report Id : REP-GB-2321 Status : Ongoing Category : Electronics, Semiconductors, and ICT ©2015 Future Market Insights, All Rights Reserved
About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Social Media Research ©2015 Future Market Insights, All Rights Reserved 2
Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 PMR formulates a detailed discussion guide to conduct expert and industry interviews Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 PMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 PMR delivers industry insights and information in the required format (PDF) Insights # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3
Telepsychiatry Market Telepsychiatry Market Overview The arrival of telecommunication technology in the 20th century truly revolutionised a number of fields. National boundaries become irrelevant and the world became one big global village. It also led to the advent of telemedicine which would have been unthinkable fifty years ago. Telemedicine is taking the help of Information Technology and telecommunication equipment to provide medical diagnoses from a distance. It helps eliminate the barriers of distance and is vital in serving far-flung rural communities with medical care. One of the main constituents of telemedicine is the telepsychiatry market. At its core, it is about using telecommunications equipment to provide psychiatric assessment and also care. It relies on video conferencing technology to connect psychiatrists to their patients. Telepsychiatry can be offered through intermediary companies or even individual specialists. The telepsychiatry market has truly come of age in the 21stcentury and is poised to have a very bright future. Telepsychiatry Market Drivers One of the key drivers of the telepsychiatry market, especially in the U.S. has been the severe shortage of psychiatric doctors, particularly those specialising in child & adolescent psychiatry. Telepsychiatry can allow a doctor to see a larger number of patients quicker, thus utilising their limited time to the fullest. Another driver is the rapidly improving mobile network infrastructure, enabling doctors to clinically assess and treat patients in small villages and semi-urban areas. This eliminates the need for either the doctor or patient to travel long distances, significantly saving both parties time and money. Rural areas suffer from a dearth of trained medical professionals along with a severe lack of awareness. Hence, even if they possess serious mental health issues, they might be ignored or even suppressed. ©2015 Future Market Insights, All Rights Reserved 4
Telepsychiatry Market The third factor is cost reduction. Telepsychiatry ensures that neither the psychiatrist nor their patient needs to travel. All that they require is an Internet connection, saving them substantial costs. The telepsychiatry market can also be beneficial for psychiatrists seeking a quick second opinion. Psychiatrists have the advantage of beginning the treatment quickly and sharing their knowledge, while their patients can be assured of the doctor’s diagnoses being validated. Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2321 Telepsychiatry Market Restraints There are two sides to every coin. Just as Information Technology & telecommunications have benefited us in numerous ways, they have caused a lot of problems like data hacking, privacy concerns, identity fraud etc. which were unheard of in the past. Patchy Internet connectivity can be a serious constraint to the growth of the telepsychiatry market. Mobile coverage can be notoriously fickle even in developed countries and there are many regions around the world which still use antiquated 2G network connections. There is a strong likelihood of a patient being disconnected from their psychiatrist in the middle of a therapy session, causing great inconvenience to both. A second challenge can be privacy concerns. People have become digitally wary now with all the cases of data hacking, email leaks and confidential data being made public by insider leaks. They might be concerned that their psychotherapy sessions could be compromised or might even be recorded making them reluctant to agree to this kind of treatment. The third restraint for the telepsychiatry market is the ambiguity of regulatory policy. Telepsychiatry blurs the line between medicine and technology and each country has separate laws for each, making governing this field a challenge. ©2015 Future Market Insights, All Rights Reserved 5
Telepsychiatry Market Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-2321 Telepsychiatry Market Key Regions In the U.S, telepsychiatry is typically covered by insurance when it is incorporated into a Medicare program. The U.S is the largest telepsychiatry market at present, followed by the E.U. This is because they have the required technology in place already and also the required funding from the government or private sector. There is a higher prevalence of psychiatric ailments in this part of the world and the general population are well aware of the need to seek medical assistance to overcome them. In countries like India, Latin American and the Middle East, a young population leading an increasingly stressful life along with comparatively fewer psychiatrists in percentage terms will contribute to the growth of the telepsychiatry market there. Telepsychiatry Market Key Market Players Some of the players in the telepsychiatry market are InSight Telepsychiatry, Iris Telehealth, Arcadian Telepsychiatry and Advanced Telemed Services. Browse Full Report@ http://www.futuremarketinsights.com/reports/telepsychiatry-market ©2015 Future Market Insights, All Rights Reserved 6
Telepsychiatry Market Click here to Order a free sample ©2015 Future Market Insights, All Rights Reserved 7
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