US Telemental Health Market, Forecast to 2021

US Telemental Health Market, Forecast to 2021

Opportunities to Offer a Variety of Telebehavioral Health Services Will Drive New Growth in Digital Health

RELEASE DATE
26-Sep-2017
REGION
North America
Research Code: K203-01-00-00-00
SKU: HC02895-NA-MR_20824

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Description

The latest report in the Frost & Sullivan's telehealth series finds that telemental health services and communications enablers are poised to increase in utilization because they offer a therapeutic environment similar to traditional in-person methods, minus the time and costs associated with traveling to a treatment site—assuming one is even available. Overall telemental health market revenue is expected to increase at a compound annual growth rate of 22.5% from 2016 to 2021.

This report reviews the data that illustrates the magnitude of mental health and substance abuse issues prevalent across the United States coupled with the documented lack of nearby mental health professionals in many locations. The research shows examples of several ongoing programs that have made strides despite a variety of barriers, such as the lack of a standard reimbursement process across states, that must be overcome for these services to achieve their full potential.

This report also covers a mix of pure-play telemental health specialists and telehealth companies that have extended their service to include telebehavioral health services, including InSight Telepsychiatry, American Well, Teladoc, MDLIVE , Vidyo, and WeCounsel.

Major questions this report will answer include:
•     What are the latest trends impacting the telemental health space?
•     How is the telemental market segmented, and who are the major participants in each segment?
•     What combination of economic supply and demand factors and mental health condition and substance abuse prevalence statistics appear to make the wide-scale adoption of telemental health inevitable?
•     What are the competitive characteristics of the telemental health market, and who are some of the key vendors serving the market and the segments?
•     What is the 5-year revenue outlook for the market and the major segments?

Frost & Sullivan found that telemental health services have the potential to become the most successful telehealth application within the next five years. The industry will benefit from the prevalence of mental health and behavioral issues. By 2021, telemental health services will gain recognition as a proven solution to the challenge faced by people who have little or no access to mental health professionals.

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Finding

Scope and Segmentation

Market Engineering Measurements

CEO’s Perspective

Executive Summary—3 Big Predictions

The Prevalence of Mental Illness in the United States

Economic Impact of Mental Illnesses

Episodes of Depression and Anxiety Disorders

Episodes of Substance Abuse

Challenges of Managing Mental Illness

Overview of Telemental Health Stakeholders

Important Aspects of Telemental Health

Telemental Health Market Segments

Market Segmentation—Clinical View

Market Segmentation—Functional View

Common Telemental Health Services

The Rationale for Remote Telemental Health Service

Technical Components of Telemental Health—Video Conferencing Services

Finding a Qualified Mental Health Provider is Facilitated by Online Services

Mental Health Professionals Can Benefit from a Virtual Office

Telemental Health Will Interface with a Variety of IT Solutions

Telehealth Industry Overview and Telemental Health

Ranking Criteria

Telehealth Segment Opportunity Assessment

Telehealth Opportunity Rankings—Total Score

Growth Potential—Telebehavioral Health

Telebehavioral Health—Growth Assumptions

Growth Opportunity—Telebehavioral Health Cross-Organizational Endorsement

Market Drivers

Market Restraints

Market Engineering Measurements

Forecast Considerations

Total Telemental Health Market—Revenue Forecast

Total Telemental Health Market—Revenue Forecast by Functional Segments

Virtual Visits—Revenue Forecast

Communications Enablers—Revenue Forecast

Virtual Networks—Revenue Forecast

mHealth Apps—Revenue Forecast

US Roadmap

Competitive Market Structure

Top Competitors—SWOT Analysis

Top Competitors Represent Different Positions in Telemental Health Solutions

Likely Market Directions—Analyst Perspective

Description of a Successful Telemental Health Experience

Proving the Concept

Notable Telemental Health Programs

Telemental Health Virtual Visit Services

Telemental Health Communications Enablers

Telemental Health Virtual Networks

Telemental mHealth Apps—Mood Assessment

Telemental mHealth Apps—Specialized Condition Management

Telemental mHealth Apps—Approaches to Therapy

5 Growth Opportunities Critical for Future Strategies

Levers for Growth

Growth Opportunity 1—Standardize State Practices

Growth Opportunity 2—Increase Awareness of Telemental Health as a Viable Option

Growth Opportunity 3—Standardize Reimbursements

Growth Opportunity 4—Go Higher Tech

Growth Opportunity 5—Focus on PTSD and Substance Abuse

Technology—Future Impact on Telemental Healthcare

The Telemental Health Ecosystem—Technologies Add Value to Traditional Interactive Services

Strategic Imperatives for Telemental Health

The Last Word—3 Big Predictions

Legal Disclaimer

Additional Telehealth Market Segments

Additional Frost & Sullivan Coverage of Telehealth

Select Sources

Market Engineering Methodology

List of Figures
  • 1. Telehealth Market: Segment Opportunity Assessment, US, 2016
  • 2. Telebehavioral Health Market: Growth Potential, US, 2016–2021
  • 3. Total Telemental Health Market: Key Market Drivers, US, 2017–2021
  • 4. Total Telemental Health Market: Key Market Restraints, US, 2017–2021
  • 5. Total Telemental Health Market: Market Engineering Measurements, US, 2016
  • 6. Total Telemental Health Market: Revenue Forecast by Functional Segment, US, 2015–2021
  • 7. Total Telemental Health Market: Select Market Participants by Tier of Competition, US, 2016
  • 8. Total Telemental Health Market: Notable Deals, US, 2014–2017
List of Charts
  • 1. Total Telemental Health Market: Market Engineering Measurements*, US, 2016
  • 2. Total Telemental Health Market: Clinical Market Segmentation, US, 2016
  • 3. Total Telemental Health Market: Functional Market Segmentation, US, 2016
  • 4. Telehealth Market: Segment Growth Opportunity Total Score Comparison, US, 2016
  • 5. Total Telemental Health Market: Revenue Forecast, US, 2015–2021
  • 6. Total Telemental Health Market: Revenue Forecast by Functional Segment, US, 2015–2021
  • 7. Virtual Visits Segment: Revenue Forecast, US, 2015–2021
  • 8. Communications Enablers Segment: Revenue Forecast, US, 2015–2021
  • 9. Virtual Networks Segment: Revenue Forecast, US, 2015–2021
  • 10. mHealth Apps Segment: Revenue Forecast, US, 2015–2021
  • 11. Growth of Telemental Health, US, 2017–2021
Related Research
The latest report in the Frost & Sullivan's telehealth series finds that telemental health services and communications enablers are poised to increase in utilization because they offer a therapeutic environment similar to traditional in-person methods, minus the time and costs associated with traveling to a treatment site—assuming one is even available. Overall telemental health market revenue is expected to increase at a compound annual growth rate of 22.5% from 2016 to 2021. This report reviews the data that illustrates the magnitude of mental health and substance abuse issues prevalent across the United States coupled with the documented lack of nearby mental health professionals in many locations. The research shows examples of several ongoing programs that have made strides despite a variety of barriers, such as the lack of a standard reimbursement process across states, that must be overcome for these services to achieve their full potential. This report also covers a mix of pure-play telemental health specialists and telehealth companies that have extended their service to include telebehavioral health services, including InSight Telepsychiatry, American Well, Teladoc, MDLIVE , Vidyo, and WeCounsel. Major questions this report will answer include: • What are the latest trends impacting the telemental health space? • How is the telemental market segmented, and who are the major participants in each segment? • What combination of economic supply and demand factors and mental health condition and substance abuse prevalence statistics appear to make the wide-scale adoption of telemental health inevitable? • What are the competitive characteristics of the telemental health market, and who are some of the key vendors serving the market and the segments? • What is the 5-year revenue outlook for the market and the major segments? Frost & Sullivan found that telemental health services have the potential to become the most successful telehealth application wi
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Table of Contents | Executive Summary~ || Key Finding~ || Scope and Segmentation~ || Market Engineering Measurements~ || CEO’s Perspective~ || Executive Summary—3 Big Predictions~ | Telemental Health Market Background~ || The Prevalence of Mental Illness in the United States~ || Economic Impact of Mental Illnesses~ || Episodes of Depression and Anxiety Disorders~ || Episodes of Substance Abuse~ || Challenges of Managing Mental Illness~ || Overview of Telemental Health Stakeholders~ || Important Aspects of Telemental Health~ || Telemental Health Market Segments~ | Telemental Health Market Structure~ || Market Segmentation—Clinical View~ || Market Segmentation—Functional View~ || Common Telemental Health Services~ || The Rationale for Remote Telemental Health Service~ || Technical Components of Telemental Health—Video Conferencing Services~ || Finding a Qualified Mental Health Provider is Facilitated by Online Services~ || Mental Health Professionals Can Benefit from a Virtual Office~ || Telemental Health Will Interface with a Variety of IT Solutions~ | The Market Opportunity for Telemental Health~ || Telehealth Industry Overview and Telemental Health~ || Ranking Criteria~ || Telehealth Segment Opportunity Assessment~ || Telehealth Opportunity Rankings—Total Score~ || Growth Potential—Telebehavioral Health~ || Telebehavioral Health—Growth Assumptions~ || Growth Opportunity—Telebehavioral Health Cross-Organizational Endorsement~ | Market Dynamics—Total Telemental Health Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total Telemental Health Market~ || Market Engineering Measurements~ || Forecast Considerations~ || Total Telemental Health Market—Revenue Forecast~ || Total Telemental Health Market—Revenue Forecast by Functional Segments~ || Virtual Visits—Revenue Forecast~ || Communications Enablers—Revenue Forecast~ || Virtual Networks—Revenue Forecast~ || mHealth Apps—Revenue Forecast~ | Competitive Dynamics—Total Telemental Health Market~ || US Roadmap~ || Competitive Market Structure~ || Top Competitors—SWOT Analysis~ || Top Competitors Represent Different Positions in Telemental Health Solutions~ || Likely Market Directions—Analyst Perspective~ | Examples of Successful Programs~ || Description of a Successful Telemental Health Experience~ || Proving the Concept~ || Notable Telemental Health Programs~ | Notable Telemental Health Market Developments~ || Recent Notable Deals~ | Selected Participants by Market Segment~ || Telemental Health Virtual Visit Services~ || Telemental Health Communications Enablers~ || Telemental Health Virtual Networks~ || Telemental mHealth Apps—Mood Assessment~ || Telemental mHealth Apps—Specialized Condition Management~ || Telemental mHealth Apps—Approaches to Therapy~ | Growth Opportunities and Predictions~ || 5 Growth Opportunities Critical for Future Strategies~ || Levers for Growth~ || Growth Opportunity 1—Standardize State Practices~ || Growth Opportunity 2—Increase Awareness of Telemental Health as a Viable Option~ || Growth Opportunity 3—Standardize Reimbursements~ || Growth Opportunity 4—Go Higher Tech~ || Growth Opportunity 5—Focus on PTSD and Substance Abuse~ || Technology—Future Impact on Telemental Healthcare~ || The Telemental Health Ecosystem—Technologies Add Value to Traditional Interactive Services~ || Strategic Imperatives for Telemental Health~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Additional Telehealth Market Segments~ || Additional Frost & Sullivan Coverage of Telehealth~ || Select Sources~ || Market Engineering Methodology~
List of Charts and Figures 1. Telehealth Market: Segment Opportunity Assessment, US, 2016~ 2. Telebehavioral Health Market: Growth Potential, US, 2016–2021~ 3. Total Telemental Health Market: Key Market Drivers, US, 2017–2021~ 4. Total Telemental Health Market: Key Market Restraints, US, 2017–2021~ 5. Total Telemental Health Market: Market Engineering Measurements, US, 2016~ 6. Total Telemental Health Market: Revenue Forecast by Functional Segment, US, 2015–2021 ~ 7. Total Telemental Health Market: Select Market Participants by Tier of Competition, US, 2016~ 8. Total Telemental Health Market: Notable Deals, US, 2014–2017~| 1. Total Telemental Health Market: Market Engineering Measurements*, US, 2016~ 2. Total Telemental Health Market: Clinical Market Segmentation, US, 2016~ 3. Total Telemental Health Market: Functional Market Segmentation, US, 2016~ 4. Telehealth Market: Segment Growth Opportunity Total Score Comparison, US, 2016~ 5. Total Telemental Health Market: Revenue Forecast, US, 2015–2021 ~ 6. Total Telemental Health Market: Revenue Forecast by Functional Segment, US, 2015–2021 ~ 7. Virtual Visits Segment: Revenue Forecast, US, 2015–2021~ 8. Communications Enablers Segment: Revenue Forecast, US, 2015–2021 ~ 9. Virtual Networks Segment: Revenue Forecast, US, 2015–2021~ 10. mHealth Apps Segment: Revenue Forecast, US, 2015–2021 ~ 11. Growth of Telemental Health, US, 2017–2021~
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Author Victor Camlek
Industries Healthcare
WIP Number K203-01-00-00-00
Is Prebook No