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

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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.

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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. 

Telehealth services refer to the use of telecommunications or videoconferencing technology for delivering psychological support and psychiatric assessment remotely. These services can be accessed via telephone or the Internet, including email, online chats, and videoconferencing. Telehealth benefits individuals in remote locations or underserved areas by improving access to healthcare. Patients who cannot leave their homes due to illness, emergencies, or mobility issues can utilize these services. Providers can also support patients between scheduled visits, enhancing continuity of care. Online therapy services expand access to mental health care, making it more convenient and flexible. 

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Market Challenges

The Online Therapy Services Market is experiencing significant growth due to increasing telehealth adoption and mental health awareness. Challenges include providing effective therapy through live video chat and messaging apps on cell phones. Traditional in-person therapy contrasts with cognitive behavioral therapy, psychodynamic therapy, and person-centered therapy delivered via mobile device apps and real-time instant messaging. Telephone and video conferencing are also popular for residential use and commercial applications. Mental health disorders such as depression and anxiety are treated through qualified therapists in online counseling. Smartphone features like artificial intelligence-based chatbots and machine learning enhance access to free therapy apps. Dialectical behavior therapy, EMDR therapy, family therapy, and substance abuse disorders are also addressed. Patient privacy is crucial, ensuring certified therapists maintain confidentiality. Teletherapy and telehealth counseling offer flexibility, reaching young people and suicide prevention programs. Mental health resources are expanding with digital apps, wearable technology, and digital prescriptions. In-person treatment remains important, but ambulatory centers, hospitals, and clinics integrate online services for comprehensive mental health treatment.The global online therapy services market faces limitations due to privacy concerns. Active services, which require direct patient input, such as mood diaries and self-assessments, may raise privacy issues. Passive services, which use smartphone features like GPS, can collect data without consent, leading to potential privacy invasions. These concerns may hinder the market’s expansion during the forecast period. Ensuring patient privacy is crucial for market growth in online therapy services.

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Segment Overview 

This online therapy services market report extensively covers market segmentation by  

Type 1.1 Cognitive behavioral therapy1.2 Psychodynamic therapy1.3 Personal centered therapyApplication 2.1 Residential use2.2 CommercialGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)Industry

1.1 Cognitive behavioral therapy-  Online Cognitive Behavioral Therapy (CBT) is a significant segment in the thriving online therapy services market. Traditionally, CBT has utilized evidence-based techniques to tackle various mental health concerns. With digital platforms’ emergence, CBT has transformed into a convenient and effective psychological support system for individuals worldwide. CBT combines cognitive and behavioral approaches, enabling users to recognize and modify detrimental thought patterns and behaviors causing emotional distress. The COVID-19 pandemic in 2020 shifted the medical world’s perspective on mental health. Lockdowns, social isolation, and heightened stressors in demand for remote mental health services. Online CBT, previously an excellent alternative, became a necessity. Post-pandemic, the future of online CBT remains promising. The pandemic normalized telehealth services, and users have grown accustomed to seeking therapy through digital channels. This trend is expected to persist. Online CBT’s benefits, including convenience, accessibility, and privacy, make it an attractive choice for diverse users, such as busy professionals and those in remote areas with limited access to traditional therapy. These factors will fuel the expansion of the global online therapy services market during the forecast period.

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Research Analysis

The Online Therapy Services market encompasses various forms of mental health treatment delivered through digital platforms. These include live video chat sessions, messaging apps, and mobile device apps. While traditional in-person therapy remains a gold standard, online therapy offers flexibility and convenience for individuals seeking help. Cognitive behavioral therapy, psychodynamic therapy, and person-centered therapy are among the approaches offered through teletherapy and telehealth counseling. Qualified therapists provide online counseling using smartphone features to enhance the therapeutic experience. Patient privacy is a top priority, with secure platforms ensuring confidentiality. Commercial use of these services is on the rise, with relationship problems, depression, and anxiety among the common reasons for seeking online mental health resources. Mobile health apps, wearable technology, and digital apps are also part of the digital mental health landscape, offering additional tools for mental health treatment. In-person treatment remains an option for those who prefer it, but online therapy is becoming an increasingly viable alternative.

Market Research Overview

The Online Therapy Services Market encompasses various digital platforms that offer mental health treatment and support, including live video chat, messaging apps, and cell phones. These services cater to both residential and commercial use, providing alternatives to traditional in-person therapy. Cognitive behavioral therapy, psychodynamic therapy, person-centered therapy, and other therapeutic approaches are now available through mobile device apps and real-time instant messaging. Telephone and video conferencing are also popular methods for teletherapy and telehealth counseling. Mental health awareness and telehealth adoption have led to an increase in the use of online therapy services for various mental health disorders, such as depression and anxiety. Artificial intelligence-based chatbots and machine learning technologies are being integrated into free therapy apps to provide additional resources. Dialectical behavior therapy, EMDR therapy, family therapy, and other forms of mental health treatment are also offered online. Qualified therapists provide online counseling through these platforms, ensuring patient privacy and confidentiality. Smartphone features, such as personalized reminders and progress tracking, enhance the user experience. The market includes various mental health resources, from digital apps and wearable technology to ambulatory centers, hospitals, and suicide prevention programs. Substance abuse disorders and prescription medications are also addressed through these services. Young people are increasingly turning to online therapy services for relationship issues and other mental health concerns.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeCognitive Behavioral TherapyPsychodynamic TherapyPersonal Centered TherapyApplicationResidential UseCommercialGeographyNorth AmericaEuropeAsiaRest Of World (ROW)Industry

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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VERNAL CAPITAL ACQUISITION CORP. ANNOUNCES PRICING OF $100 MILLION INITIAL PUBLIC OFFERING

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NEW YORK, May 5, 2026 /PRNewswire/ — Vernal Capital Acquisition Corp. (NYSE: VECA) (“Vernal”) announced the pricing of its initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units are expected to trade on the New York Stock Exchange (“NYSE”) under “VECAU” beginning May 6, 2026. Each unit consists of one ordinary share and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Upon separate trading, the ordinary shares and rights are expected to be listed on NYSE under “VECA” and “VECAR,” respectively.

D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments. The offering is expected to close on May 7, 2026, subject to customary closing conditions.

A registration statement for these securities was declared effective by the SEC on May 5, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained, from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at dbccapitalmarkets@dboralcapital.com.

This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.

About Vernal

Vernal is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vernal’s target search will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release contains “forward-looking statements,” including statements regarding Vernal’s IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond Vernal’s control, including those in the Risk Factors section of Vernal’s registration statement filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Vernal disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in Vernal’s expectations, except as required by law.

Contact

Binghan Yi, CFO
binghan@vernal.com
www.vernalspac.com

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RIVANNA nominated for MedTech Scale-Up of the Year at MedTech World Awards 2026 | North America

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Nomination places the Charlottesville-based company among growth-stage medtech leaders recognized for commercial momentum in AI-powered clinical decision support; public voting is open through May 8

CHARLOTTESVILLE, Va., May 5, 2026 /PRNewswire/ — RIVANNA®, developer of AI-powered clinical decision-support solutions, today announced that it has been nominated for MedTech Scale-Up of the Year at the MedTech World Awards 2026 | North America. Public voting is open through Friday, May 8, 2026, with category winners to be announced at the inaugural North American Awards Gala on May 11, 2026, at the Hilton West Palm Beach in Florida.

The MedTech Scale-Up of the Year category honors a growth-stage company successfully scaling revenues, partnerships, and adoption across the global medical technology ecosystem. Nominees across the program’s 22 categories were selected through a structured process led by the MedTech World Steering Committee, with category winners determined by a combination of expert evaluation and public voting from the global MedTech community.

“We have built RIVANNA on validation earned from the most rigorous technical buyers in healthcare: competitive federal awards translated into FDA-cleared products, each paired with a commercial program that meets clinicians where they work,” said Will Mauldin, PhD, Co-founder and CEO of RIVANNA. “Being nominated for MedTech Scale-Up of the Year is a meaningful affirmation of that approach and the team executing it.”

Public voting closes Friday, May 8, 2026. Members of the MedTech community are invited to support RIVANNA’s nomination at the official voting page: vote here.

The award nomination follows a year of measurable scaling for RIVANNA:

In October 2025, RIVANNA reported on being named a finalist in MedTech Innovator’s 2025 Early-Stage Grand Prize competition, selected from nearly 1,500 global applicants to represent the top 4% of medtech innovations worldwide.In December 2025, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of its Accuro® 3S Needle Guide Kit consumables, building on existing Accuro 3S device clearance.In April 2026, RIVANNA reported on peer-reviewed findings, published in 2025 in the Journal of Emergency Medicine (DOI: 10.1016/j.jemermed.2025.11.011), showing that the Accuro® XV musculoskeletal imaging system enables non-physician operators to acquire diagnostic-quality scans after just one hour of hands-on training.In May 2026, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of the Accuro® XV Diagnostic Ultrasound System for musculoskeletal imaging, authorizing commercial use across hospital and clinic settings.The company’s clinical program now spans eight sites nationwide with more than 1,500 patients enrolled.

The 2026 MedTech World Awards | North America, powered by Blue Goat Cyber, will be presented Monday, May 11, 2026, at the inaugural North American Awards Gala at the Hilton West Palm Beach, marking the first time the MedTech World Awards have been hosted in the United States.

About the MedTech Scale-Up of the Year Award
Presented by MedTech World, the MedTech Scale-Up of the Year category recognizes growth-stage medical technology companies demonstrating strong commercial momentum, expanding partnerships, and accelerating real-world adoption. The award is one of 22 categories spanning innovation, clinical excellence, regulatory strategy, investment, and leadership across the global MedTech ecosystem.

About RIVANNA
RIVANNA® is a medical technology company developing clinical decision-support solutions powered by proprietary clinical datasets, AI models, and purpose-built imaging hardware. The company’s platform automates complex anatomical analysis at the point of care, enabling faster, more confident clinical decisions while reducing variability and expanding access to advanced capabilities. The first applications target significant market opportunities in regional anesthesia and fracture care. RIVANNA has built a proven FDA regulatory track record across its Accuro® platform, with device clearances for Accuro® 3S (spinal needle guidance) and Accuro® XV (musculoskeletal imaging), a portfolio of supporting cleared consumables, and AI software modules advancing through regulatory review. The company is backed by 100+ patents and validated through clinical partnerships with leading academic medical centers. RIVANNA is headquartered in Charlottesville, Virginia, and operates an FDA-registered, ISO 13485:2016-certified manufacturing facility. Learn more at rivannamedical.com.

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D2L Launch Week Highlights Latest Product Releases

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Latest innovations are designed to save time, simplify workflows, and help drive better learning outcomes

TORONTO, May 5, 2026 /PRNewswire/ – D2L, a global leader in learning innovation, hosted its first-ever D2L Launch Week, a four-day virtual webinar series spotlighting the company’s latest product innovations across D2L Brightspace in 2026.

Throughout the week, D2L showcased a range of product releases through live demos and practical customer use cases, highlighting how institutions, school districts and organizations can help to drive engagement and improve learning outcomes. The featured updates include enhancements to D2L Lumi for idea generation, intervention suggestions, quiz creation and summarization; tools to strengthen parent and guardian outreach; and administrative capabilities designed to help large organizations delegate course and configuration management more effectively.

“We’re proud to showcase the ways D2L continues to innovate to help make learning more personalized, efficient, and scalable,” said Christian Pantel, Chief Product Officer at D2L. “From new D2L Lumi features to enhanced communication tools and more flexible distributed administration capabilities, these updates are designed to help our customers save time, improve usability, and deliver better learning experiences at scale.”

Enhancements to D2L Lumi

Among the new capabilities were several updates to D2L’s AI-native tool, D2L Lumi, designed to improve usability, transparency, and alignment across workflows, including:

D2L Lumi Ideas: Generates assignment and discussion ideas directly within Brightspace, making it easier to generate high quality content aligned to learning outcomes.D2L Lumi Insights: Gives educators access to learning intervention suggestions, designed to provide recommended next steps based on learner data.D2L Lumi Quiz: Helps educators generate questions from multiple course content topics and includes a more streamlined question-generation workflow.D2L Lumi Summary: Supports summarization from more content sources, including nested submodules, and can give educators the ability to preview and adjust source text before summarization.

Updates to Parent and Guardian Communications

D2L also introduced new parent and guardian communication enhancements to help K-12 educators strengthen engagement beyond the classroom. Teachers can now send bulk emails to all parents and guardians associated with students in their class. For individual student outreach, teachers can also email parents and guardians of a specific learner, making it easier to share timely updates on student progress and classroom activity.

Manage Distributed Administration at Scale

Distributed Administration gives organizations more flexibility to delegate administrative responsibilities across organization levels. With Distributed Administration, administrators can manage specific areas, enabling them to oversee courses while helping to reduce bottlenecks and free up time.

Learn more about the latest product releases showcased at D2L Launch Week.

About D2L   
D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses.

D2L Media Contact
PR@D2L.com
X: @D2L
© 2026 D2L Corporation.

The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS.

All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners.

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