South Korea Telepsychiatry Market | Global Upcoming Trends, Growth Drivers, Opportunities and Challenges 2031

A new business intelligence report released by Allied Market Research, the global Telepsychiatry Market was estimated at $6.5 billion in 2021 and is expected to hit $41.8 billion by 2031, registering a CAGR of 20.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Covid-19 scenario-

With social distancing being the new normal, the demand for teleconsultations and digital health services was at its peak. Telehealth had emerged as a powerful weapon in the war against the pandemic. These factors impacted the global telepsychiatry market positively.

Also, many new government organizations were embracing telehealth through new policies and reimbursement guidelines, which boosted the market growth.