Online Therapy Services Market to Grow by USD 64.09 Billion (2025-2029), Boosted by Smartphone Adoption and Online Service Preference, AI Insights - Technavio

NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The global online therapy services market size is estimated to grow by USD 64.09 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  53.9%  during the forecast period. Surging adoption of smartphones coupled with increased preference for online services is driving market growth, with a trend towards growing popularity of online health services. However, privacy concerns related to patient mental health issues  poses a challenge. Key market players include 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, HopeQure Wellness Solutions Pvt. Ltd., Manastha, MDLIVE Inc., Mental Fuel Inc., Mind Voyage, ReGain, TALKSPACE INC., Teladoc Health Inc., ThriveTalk, and Thriveworks Counseling.

Technavio has announced its latest market research report titled Global Online Therapy Services Market 2025-2029
Technavio has announced its latest market research report titled Global Online Therapy Services Market 2025-2029

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Online Therapy Services Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 - 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 53.9%

Market growth 2025-2029

USD 64085.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

32.3

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 42%

Key countries

US, UK, Germany, China, India, Canada, France, Japan, Italy, and South Korea

Key companies profiled

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, HopeQure Wellness Solutions Pvt. Ltd., Manastha, MDLIVE Inc., Mental Fuel Inc., Mind Voyage, ReGain, TALKSPACE INC., Teladoc Health Inc., ThriveTalk, and Thriveworks Counseling

Market Driver

The Online Therapy Services Market is experiencing significant growth due to increasing telehealth adoption and mental health awareness. Live video chat and messaging apps on cell phones are popular platforms for teletherapy, offering convenience and accessibility for those seeking mental health treatment. Traditional in-person therapy is being supplemented by cognitive behavioral therapy, psychodynamic therapy, person-centered therapy, and other evidence-based therapies delivered via mobile device apps and real-time instant messaging. Telephone and video conferencing are also commonly used for residential and commercial applications. Artificial intelligence-based chatbots and machine learning technologies are enhancing the therapeutic experience, while free therapy apps offer affordable options for those with mental health disorders such as depression and anxiety. Teletherapy is also effective for relationship issues, substance abuse disorders, and suicide prevention programs. Certified therapists provide online counseling using smartphone features, ensuring patient privacy and confidentiality. Telehealth counseling is transforming mental health treatment, with digital apps, wearable technology, and digital resources becoming integral parts of mental health care. In-person treatment remains important, but teletherapy offers a complementary and accessible solution for those seeking help.