Telepsychiatry Market Outlook:
Telepsychiatry Market size was over USD 20.16 billion in 2025 and is projected to reach USD 114.8 billion by 2035, witnessing around 19% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of telepsychiatry is assessed at USD 23.61 billion.
The market is fueled by increasing demand for accessible mental health care and growing awareness around mental health issues. As per an article posted by WHO, 40 million people globally suffered from bipolar disorder, in 2019. The article further states that 1 in every 300, comprising 24 million people worldwide, suffer from schizophrenia.
The COVID-19 pandemic highlighted the value of virtual mental health care, accelerating telepsychiatry adoption worldwide, as patients grew more comfortable with digital interactions. It triggered a 25% increase in the global prevalence of anxiety and depression, as per WHO. The convenience of remote care due to the rapidly increasing geriatric population is highly in demand. Telepsychiatry market services for specific demographics are also gaining momentum. Additionally, supportive government policies and funding initiatives in various regions are encouraging the growth of the market significantly. In 2021, the Seventy-fourth World Health Assembly endorsed updates to WHO’s Comprehensive Mental Health Action Plan 2013-2020.
