telepsychiatry market is witnessing significant growth as mental health services increasingly move online. Telepsychiatry allows patients to receive psychiatric evaluations, therapy, and medication management remotely through video calls or phone consultations. This approach has improved access to mental healthcare, especially in rural or underserved areas, and has become a preferred method for many due to its convenience, privacy, and efficiency. As digital health adoption continues to rise globally, telepsychiatry is expected to become a vital component of modern mental healthcare delivery.
According to Fortune Business Insights, the telepsychiatry market was valued at USD 14.20 billion in 2024. The market is projected to grow to USD 16.28 billion in 2025 and reach USD 51.79 billion by 2032, exhibiting a CAGR of 18.0% during the forecast period. In 2024, North America dominated the telepsychiatry market with a market share of 46.9%.
In September 2024, Class Technologies, Inc. partnered with Rogers Behavioral Health to launch enhanced telepsychiatry services across multiple U.S. states, including Colorado, Wisconsin, Florida, Minnesota, Illinois, and Tennessee. This collaboration aims to streamline access to mental health care and elevate service quality.
The telepsychiatry sector is fueled by several market drivers:
The global rise in mental conditions—such as anxiety and depression—has intensified demand for remote care. Telepsychiatry lowers common barriers like stigma and geography, enabling patients in underserved areas to receive professional support.