Global telepsychiatry market was dominated by Europe in the year 2018 and is expected to show maintain its dominance over the forecast period. However, the U.S. is anticipated to show fastest growth in this industry over the foreseeable future. The main reasons for the high incidence of mental health conditions in the U.S. are a lack of access to mental healthcare and prominent substance abuse-related challenges.
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Technological advancements have led to the growth of telemedicine market. For instance, the number of mobile health applications related to mental health services has increased significantly, with recent estimates suggest that approximately 6% of all mobile health applications developed focus on providing mental health services to users; while an additional 11% of mobile health applications developed are dedicated to providing stress management solutions.
The risks associated with using the internet in clinical psychiatry vary depending on the context and the extent of the role of internet in physician practice. Interactive websites, for example, present more risk opportunities (e.g. by compromising confidentiality) than basic, informative websites. E-therapy is one of the internet's most controversial uses, and for several reasons, doctors may be cautious about it.
Given the prevalence of mental health & substance-dependence issues in adults & children, it is not astonishing that individuals, their families & society as a whole face an enormous emotional and financial burden. The economic effects of mental illness have an impact on personal income, the ability of ill people–and often their caregivers–to work, workplace productivity, and contributions to the national economy, as well as the use of treatment services and support.
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Product wise, routine telepsychiatry dominated the global telepsychiatry market in the year 2018 and is expected to maintain its dominance till 2025. However, in-home telepsychiatry is projected to witness fastest growth over the forecast period. Over the past decade, forensic telepsychiatry has been increasingly used in countries such as the United States and England due to the ongoing growth of technologies that enable better access to mental health care in needed populations and improve the outcome of the work of technicians, while facing more demanding mental health facilities performance.
Pediatric and adolescents group stood as the key end-user segment in the global telepsychiatry market in 2018, and is also likely to witness fastest growth over the forecast period. In terms of regional demarcation, Europe held the maximum market share in 2018 owing to increased migration to and within the EU. Furthermore, Japan has been known as a place where mental health discussion was a taboo, but it is starting to change with the advent of advancements in mental health technologies and growing awareness. There is a growth in the number of mental health professionals including clinical psychologists, and care is expanding to a wider range of issues.
Telepsychiatry to Attract Pediatric and Adolescent Segment In 2019
- The cost related to mental health problems is estimated to be between 3% & 4% of the Gross National Product (GNP)
- In developed countries, mental disorders, however, cost several billion dollars to national economies, both in terms of expenditure incurred & productivity loss
- In addition, many companies have started to provide so-called "text therapy" services which allow users to chat with different types of licensed mental health professionals at a flat rate fee
Key players in this market include InSight Telepsychiatry, American Telepsychiatrists, Iris Telehealth, SOC Telemed, Advanced TeleMed Services, FasPsych, Genoa Healthcare, Encounter Telehealth, Arcadian Telepsychiatry, InnovaTel
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Key segments of the global telepsychiatry market
Product Overview, 2013-2025 (USD Million)
- Routine Telepsychiatry
- Forensic Telepsychiatry
- Crisis Telepsychiatry
- In-home Telepsychiatry
End-User Overview, 2013-2025 (USD Million)
- Adult
- Pediatric and Adolescent
- Geriatric Population
Regional Overview, 2013-2025 (USD Million)
- North America
- S.
- Europe
- Asia Pacific
- Japan
- China
- India
- South East Asia
- Rest of the World
The study involved four major activities to estimate the current size of the orthopedic braces and supports market.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.
Top-down and bottom-up approaches were employed to estimate the complete market size.The report “Orthopedic Braces and Supports Market by Product (Knee, Ankle, Hip, Spine, Shoulder, Neck, Elbow, Hand, Wrist), Category (Soft, Hard, Hinged), Application (Ligament (ACL, LCL), Preventive, OA), Distribution (Hospital) & Region – Global Forecast to 2025″, the global orthopedic braces market size is estimated to be USD 3.1 billion in 2020 and projected to reach USD 4.1 billion by 2025, at a CAGR of 5.8 %.Opportunity: Increased sales of off-the-shelf and online products;Specific orthopedic braces can only be used under the supervision of medical practitioners or orthopedic technicians as they require customization or product alternation according to patient features.
However, some braces (such as ankle braces, wrist/hand braces, shoulder braces, elbow braces, and facial braces) are increasingly being sold through retailers (off-the-shelf), and e-commerce websites since their use do not require an authorization from medical professionals.
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Adroit Market Research launched a study titled, “North America Geriatric Care Services Market Size 2017 by Service Type (Home care, Adult Day Care and Institutional Care), by Country and Forecast 2018 to 2025”.
The study covers the North America geriatric care services market value for a period ranging between 2012 to 2025, where 2012 to 2017 imply the actual annual revenue with forecast between 2018 and 2025.The North America geriatric care services report also includes qualitative insights of the market such as drivers, restrains, PEST analysis and regulatory framework.Click to Continue Reading on https://www.adroitmarketresearch.com/industry-reports/north-america-geriatric-care-services-marketBy 2025, the North America geriatric care services market is expected to reach USD 421.6 billion, driven by increasing life expectancy in the region.
Rising advancements in technologies leading to the availability of improved healthcare services and advanced treatments alternatives is in turn increasing the life expectancy especially in the U.S.
Rising health awareness among people and the adverse medical events among the geriatric population is accelerating the growth of the North America geriatric care services market.The geriatric care service industry is comprised of home healthcare agencies, skilled nursing facilities, continuing care facilities, assisted living facilities and social services agencies.
The market will be growing at a substantial rate driven by the increased number of baby boomers entering the retirement years and the changing demographics of the country.
Most of the geriatric population require long term support and services including assistance with daily activities; for instance, dressing and bathing because of cognitive or physical impairment.On the basis of service type, geriatric care services market is segmented into home care, adult care and institutional care.
Global medical cannabis market is expected to reach USD 56.70 billion by 2026.
Increasing application of cannabis derived products to control symptoms of various diseases is expected to fuel the demand for medical cannabis in the coming years.Get Sample Report @ https://www.adroitmarketresearch.com/contacts/request-sample/864Cannabis is effective in treatment of chronic pain, which is one of the leading medical conditions affecting a large portion of the American population.
According to the National Health Interview Survey, more than 20 million people suffer from pain on daily basis within the U.S., with high economic burden of chronic pain.
Medical cannabis is expected to show positive interventions in overcoming pain.
Furthermore, increasing number of countries passing bills for legalization of medical marijuana is expected to spur the market growth in the years to come.Continuous research on developing cannabis strains with highest medical value has been attracting large potential patient population.
For instance, in 2018, WeedMD partnered with Technion-Israel Institute of Technology for cannabis database project.
In recent years, beauty related technologies such as, wrinkle eraser and temporary tightener have made a leap from clinics or salons to homes.
Rise in prevalence of skin and hair problems, increasing popularity of beauty treatment services, rise in geriatric population and growth of healthcare expenditure are promoting growth of Beauty Devices Market.
The study points out that this market in China and India are particularly growing fast due to increasing disposable incomes and high population size.
Consumers are more concerned about side effects associated with usage of these devices and availability of alternative cheap products.
With the developing trends in beauty devices market, it is observed, with the entry of new marketers that competition between the companies has increased and it is expected to a have direct impact on product prices.
Existing bigger marketers are expanding their offerings beyond professional beauty devices to personalized beauty care devices and new companies are entering the market with clear focus on home-use beauty care devices.
