There’s a new focus on tech-based mental health treatments for young people
Fox News
A new investment company wants to help bring together the fields of technology and mental health treatment, which is expected to be a $26,000,000,000 industry by 2027.
And it's not just scheduling apps and telemedicine; new advancements in virtual reality could make it much easier for doctors to examine - and also treat patients - in an online setting. Telosity has been seeing a growing market interest in augmented and virtual reality (AR/VR), and much of it focuses on mental health assessment tools for providers. All that could make it even easier for kids and teens to access mental health resources, since they don't even have to leave their homes in many cases.
It's also good news for businesses. Telosity released a report last month showing youth mental health solutions will be a $26,000,000,000 market by 2027, and the company calls that an unprecedented opportunity for businesses to beef up their bottom line, while also providing help to millions of the most vulnerable Americans. Srivasta says that could be a major selling point for investors in the mental health space. "There's an opportunity to do good while investing and building sustainable businesses, and I think that's the driver for tech."
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