NEW YORK, Oct. 30, 2024 /PRNewswire/ — Global online therapy services market size is estimated to grow by USD 16.16 billion from 2024 to 2028, according to AI-driven market evolution report – Technavio . The market is estimated to grow at a CAGR of 28.09% during the forecast period. The adoption of smartphones and increasing interest in online services are driving the market growth, leading to the increasing popularity of online medical services. However, privacy concerns related to patients’ mental health issues are a challenge. Key market participants include 7 Cups of Tea Co., American Well Corp., BreakThrough Counseling Services, Calmerry, CareMe Health, Cerebral Inc., Doctor On Demand Inc., and DocVita. Inc., Felicity, Heart it out, Manastha, MDLIVE Inc., Mind Voyage, ReGain, TALKSPACE INC., Teladoc Health Inc., ThriveTalk, Thriveworks Counseling, HopeQure Wellness Solutions Pvt. Mental Fuel Co., Ltd.
Technavio has published its latest market research report titled “Global Online Therapy Services Market 2024-2028”.
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Forecast period
2024-2028
base year
2023
historical data
2018-2022
Target segment
Type (cognitive behavioral therapy, psychodynamic therapy, person-centered therapy), use (residential and commercial), geography (North America, Europe, Asia, Rest of the World (ROW))
Target area
North America, Europe, Asia, and Rest of the World (ROW)
Introduction of major companies
7 Cups of Tea Co., American Well Corp., BreakThrough Counseling Services, Calmerry, CareMe Health, Cerebral Inc., Doctor On Demand Inc., DocVita Inc., Felicity, Heart it out, Manastha, MDLIVE Inc., Mind Voyage, ReGain, TALKSPACE INC, Teladoc Health Inc., ThriveTalk, Thriveworks Counseling, HopeQure Wellness Solutions Pvt. Mental Fuel Co., Ltd.
Key market trends driving growth
Online therapy services refer to the use of communication technology to provide mental health support and care remotely. This includes live video chat, messaging apps, mobile phones, and a variety of digital platforms such as cognitive behavioral therapy apps, real-time instant messaging, phone calls, and video conferencing. These services expand access to mental health treatment for individuals in remote locations or who are unable to attend in-person sessions due to health or mobility issues. Additionally, teletherapy allows healthcare providers to support patients between office visits and offers a variety of mental health resources such as artificial intelligence-based chatbots, machine learning, and free treatment apps.
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market challenges
• The global online therapy services market faces limitations due to privacy concerns regarding patient data collection. Proactive services such as mood diaries and symptom assessments require direct input from patients. Passive services may access information through smartphone features such as GPS, which may violate your privacy. These concerns are likely to hinder the market growth during the forecast period and impact various mental health treatments such as AI-based chatbots, machine learning, dialectical behavioral therapy, EMDR therapy, family therapy, and online counseling. There is. Smartphones, mobile health apps, wearable technology, and digital apps are also affected. Privacy concerns can deter young people from using online treatment services for issues such as depression, anxiety, relationship issues, substance abuse disorders, and suicide prevention programs.
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Segment overview
This Online Therapy Services market report extensively covers the market segmentation as follows:
type
1.1 Cognitive behavioral therapy
1.2 Psychodynamic therapy
1.3 Person-centered therapy
application
2.1 Residential
2.2 Commercial
geography
3.1 North America
3.2 Europe
3.3 Asia
3.4 Other Worlds (ROW)
1.1 Cognitive Behavioral Therapy – The online therapy services market is witnessing significant growth, especially in the field of Cognitive Behavioral Therapy (CBT). This segment addresses a variety of mental health issues, including substance abuse disorders and prescription drug misuse. The digital transformation of CBT has made it more accessible to outpatient centers, hospitals, and youth, making it a key component of suicide prevention programs. Online CBT services offer flexibility through live video chat, messaging apps, and mobile phones, allowing for real-time instant messaging and phone sessions. While traditional face-to-face therapy contrasts with this convenience, CBT’s effectiveness lies in its ability to identify and modify negative thought processes and behaviors. The introduction of telemedicine in mental health treatment has led to the emergence of mobile device apps, artificial intelligence-based chatbots, and machine learning applications. Free therapy apps, dialectical behavioral therapy, EMDR therapy, family therapy, and qualified therapists are also available online. Online counseling is becoming an increasingly popular option for mental health treatment, as patient privacy is ensured through a secure platform.
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research analysis
The online treatment services market includes various digital platforms such as live video chat and messaging apps that provide mental health treatment through teletherapy and telehealth counseling. These services provide access to qualified therapists who provide cognitive behavioral therapy, psychodynamic therapy, and person-centered therapy. Mobile device apps, mental health resources, and wearable technology are an integral part of this market, enabling online chats, phone conversations, and commercial use. Patient privacy is ensured through advanced security features and encryption. This marketplace serves the needs of individuals seeking treatment for relationship issues, depression, and anxiety, and provides an alternative to traditional face-to-face therapy. Certified therapists provide effective treatment through these digital channels, making mental health resources more accessible and convenient for more people.
Market research overview
The online therapy services market includes a variety of mental health and wellness solutions delivered via digital platforms. These services include teletherapy, online counseling, chatbots, and mental health apps. This market is driven by the increasing prevalence of mental health problems, growing awareness about mental health, and the convenience and accessibility of online treatment. Technologies such as artificial intelligence and machine learning are also playing a key role in increasing the effectiveness and personalization of online treatment services. Due to these factors, the market is expected to grow significantly in the coming years. Additionally, the COVID-19 pandemic has accelerated the adoption of online therapy services as people seek alternative ways to access mental health care while practicing social distancing.
table of contents:
1 Overview
2 Market scenery
3 Determining market size
4 Past market size
5 Five Forces Analysis
6 Market segmentation
type
application
geography
7 Customer situation
8 Geographic Landscape
9 drivers, challenges and trends
10 Company scenery
11 Company analysis
12 Appendix
About Technavio
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Global online therapy services market 2024-2028 outlook
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