Online therapy services to grow by nearly $65b through 2029

Guess what will fuel the market.

The global online therapy services market size is projected to grow by $64.09b from 2025-2029, with an estimated compound annual growth rate of 53.9%, according to Technavio.

In its analysis, Technavio said the market is experiencing a significant growth due to increasing telehealth adoption and mental health awareness. Live video chat and messaging apps on cell phones are also amongst the popular modes for teletherapy.

“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.

Also enhancing the therapeutic experience are artificial intelligence-based chatbots and machine learning technologies. There is also the emergence of teletherapy for relationship issues, substance abuse disorders, and suicide prevention programmes, as well as telehealth counseling for mental health treatment.

Technavio also warned about some challenges that the market may face, which include privacy concerns related to patient mental health issues, as well as providing effective therapy through live video chat and messaging apps on cell phones.