The Teledermatology Market was valued for $9.47 Billion in 2022 and is estimated to reach $38.85 Billion by 2032, exhibiting a CAGR of 15.2% from 2023 to 2032. Teledermatology is a subspecialty of dermatology and among the most popular applications of e-health and telemedicine. In this field, tele-communication technologies are being used to transfer medical information over varying distances through audio, visual, and data communication. Applications of teledermatology span different areas of healthcare management, such as consultation, diagnosis, treatment, and even education.
Major factors that drive the growth of the global teledermatology market Include Increase in demand for remote healthcare services, advancements in remote healthcare services, improved diagnosis and treatment outcomes, and Increased patient convenience and satisfaction offered by tele dermatology services. For instance, in September 2022, MCI Onehealth Technologies Inc. (MCI) and Oro Health, combined with artificial intelligence-based solutions for medical specialists, announced the launch of the collaboratively developed MCI Dermatology Connect. The launch of MCI Dermatology Connect helps meet the needs of Ontarians currently waiting for a consultation on minor dermatological conditions, lessen wait times, and Increase Ontarians’ access to dermatologists regardless of geographic constraints.
Furthermore, surge in demand for dermatological services due to Increase in ageing population, rise in prevalence of skin disorders, and surge in awareness about the importance of skin health boost the growth of the teledermatology market. In addition, rise in number of smartphone users and Increase in penetration of the internet across the globe boost the adoption of the teledermatology platforms, thus propelling the market growth.
However, slow internet performance due to lack of suitable network among emerging nations such as Afghanistan, Bangladesh, and Africa restrain the growth of the teledermatology market. On the contrary, dearth of skilled dermatologists and surge in patients' preference to convenience and privacy offered by teledermatology consultations are expected to offer remunerative opportunities for the expansion of the global teledermatology market in the future.
The global teledermatology market is segmented into type, modality, end user, and region. On the basis of type, the market is segmented into products and services, on the basis of service type the market is further sub-classified into teleconsultation, telemonitoring, and tele-education. Depending on modality, it is segregated into store-and-forward (asynchronous) and real-time (synchronous). Depending on end user, it is bifurcated into healthcare units and homecare. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are Teladoc Health, Inc., 3Derm Systems Inc., Ksyos Telemedical Centre, Medweb, Advanced TeleMed Services, Eagle Tele Medicine, Vesta Teleradiology, DermUtopia, Mandel Dermatology, and Miiskin. The major players in the market have adopted product launch, collaboration, innovation, and business expansion as key developmental strategies to improve the product portfolio of the teledermatology market.
Major factors that drive the growth of the global teledermatology market Include Increase in demand for remote healthcare services, advancements in remote healthcare services, improved diagnosis and treatment outcomes, and Increased patient convenience and satisfaction offered by tele dermatology services. For instance, in September 2022, MCI Onehealth Technologies Inc. (MCI) and Oro Health, combined with artificial intelligence-based solutions for medical specialists, announced the launch of the collaboratively developed MCI Dermatology Connect. The launch of MCI Dermatology Connect helps meet the needs of Ontarians currently waiting for a consultation on minor dermatological conditions, lessen wait times, and Increase Ontarians’ access to dermatologists regardless of geographic constraints.
Furthermore, surge in demand for dermatological services due to Increase in ageing population, rise in prevalence of skin disorders, and surge in awareness about the importance of skin health boost the growth of the teledermatology market. In addition, rise in number of smartphone users and Increase in penetration of the internet across the globe boost the adoption of the teledermatology platforms, thus propelling the market growth.
However, slow internet performance due to lack of suitable network among emerging nations such as Afghanistan, Bangladesh, and Africa restrain the growth of the teledermatology market. On the contrary, dearth of skilled dermatologists and surge in patients' preference to convenience and privacy offered by teledermatology consultations are expected to offer remunerative opportunities for the expansion of the global teledermatology market in the future.
The global teledermatology market is segmented into type, modality, end user, and region. On the basis of type, the market is segmented into products and services, on the basis of service type the market is further sub-classified into teleconsultation, telemonitoring, and tele-education. Depending on modality, it is segregated into store-and-forward (asynchronous) and real-time (synchronous). Depending on end user, it is bifurcated into healthcare units and homecare. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are Teladoc Health, Inc., 3Derm Systems Inc., Ksyos Telemedical Centre, Medweb, Advanced TeleMed Services, Eagle Tele Medicine, Vesta Teleradiology, DermUtopia, Mandel Dermatology, and Miiskin. The major players in the market have adopted product launch, collaboration, innovation, and business expansion as key developmental strategies to improve the product portfolio of the teledermatology market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the teledermatology market analysis from 2022 to 2032 to identify the prevailing teledermatology market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the teledermatology market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global teledermatology market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Products
- Services
- Service type
- Teleconsultation
- Telemonitoring
- Tele-education
By Modality
- Store-and-forward (Asynchronous)
- Real-time (Synchronous)
By End User
- Healthcare units
- Homecare
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- 3Derm Systems
- Advanced TeleMed Services
- Derm Utopia
- Eagle Tele Medicine
- ksyos telemedical centre
- Mandel Dermatology
- medweb
- Miiskin
- Teladoc Health, Inc.
- Vesta Teleradiology
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: TELEDERMATOLOGY MARKET, BY TYPE
CHAPTER 5: TELEDERMATOLOGY MARKET, BY MODALITY
CHAPTER 6: TELEDERMATOLOGY MARKET, BY END USER
CHAPTER 7: TELEDERMATOLOGY MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Teledermatology Market,' The teledermatology market was valued at $9.5 billion in 2022, and is estimated to reach $38.9 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032. Tele-dermatologists use telemedicine for diagnoses and to determine the best course of action to help a patient. They use telecommunications methods such as audio, visual, and data tools rather than seeing patients in person. Some of the common conditions that teledermatology can help with include acne, alopecia, benign lesions, dermatitis/eczema, hair & nail conditions, certain inflammatory conditions, and premalignant & malignant neoplasms. In addition, by using telecommunications technology, tele-dermatologists can help patients across wider geographical areas, which is a boon for both patients and clinics.Key factors driving the growth of the teledermatology market include rise in prevalence of skin disorders, technological advancements in tele-healthcare services and rise in number of teledermatology service providers.
Teledermatology provides continuity of care for patients with chronic skin conditions that require ongoing management and monitoring. For instance, follow-up appointments, treatment adjustments, and progress evaluations can be easily conducted through virtual visits, ensuring that patients receive consistent care without frequent in-person visits.
In addition, rise in prevalence of skin conditions such as acne, eczema, psoriasis, and skin cancer globally boost the demand for teledermatology services. Furthermore, teledermatology enables early detection, timely intervention, and effective management of these conditions, contributing to better patient outcomes and thus contributing to the growth of the market. For instance, according to a report published by GoodGlow.com in 2022, acne was reported to impact up to 60 million Americans each year. It affects approximately 85% of the population between the ages of 12 and 24. In addition, dearth of skilled dermatologists, particularly in rural areas or underserved regions, and increased accessibility have significantly expanded the reach of dermatological services, which is expected to propel the growth of the market.
Moreover, surge in demand for dermatology services has been witnessed worldwide due to increase in incidence of skin-related conditions, including acne, eczema, skin cancer, and other dermatological disorders. Teledermatology provides a convenient and accessible solution for patients to seek dermatological consultations remotely. In addition, the rise in the number of tele-healthcare service providers and improved accessibility encourage more patients to opt for teledermatology services, leading to market growth. Moreover, teledermatology can be more cost-effective compared to hospital- or clinic-based care. It eliminates the need for physical visits, reduces travel costs, and lowers overhead expenses for healthcare facilities. In addition, teledermatology enables dermatologists to see a higher number of patients in a shorter period, improving efficiency and reducing waiting times. The cost savings associated with teledermatology services can drive the growth of the market. Thus, surge in awareness among patients regarding the availability of teledermatology services and increase in the number of key players providing a wide range of teledermatology services act as the key driving forces of the market.
The market also offers growth opportunities to the key players in the market. ise in prevalence of skin-related disorders and surge in awareness regarding teledermatology services globally fuel the growth of the teledermatology market. In addition, the dearth of skilled dermatologists in developing countries, particularly in rural areas, increases the demand for teledermatology services. Teledermatology helps bridge this gap by leveraging technology to connect patients with dermatologists who can provide consultations remotely. For instance, according to a report published by Eagle Telemedicine in 2022, there are currently only 3.4 practicing dermatologists for every 100,000 patients, thus, the shortage of dermatologists in many areas can lead to longer waiting times for appointments patients often wait over 50 days for an appointment. Teledermatology can help alleviate these issues by providing timely and convenient access to dermatological services, especially in underserved or rural areas where dermatologists may be insufficient.
Furthermore, surge in awareness among many patients related to teledermatology services and increase in preference and convenience for teledermatology consultations provide lucrative opportunities for the growth of the market. Teledermatology enables patients to receive follow-up care and monitoring without repeating in-person visits. Thus, this accelerating change offers an opportunity for key market players to invest in teledermatology services, which boosts the growth of the market. All these factors, collectively, are expected to open new avenues for the growth of teledermatology during the forecast period.
The global teledermatology market is segmented into type, modality, end user, and region. On the basis of type, the market is segmented into products and services, on the basis of service type the market is further sub-classified into teleconsultation, telemonitoring, and tele-education. Depending on modality, it is segregated into store-and-forward (asynchronous) and real-time (synchronous). Depending on end user, it is bifurcated into healthcare units and homecare. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The report provides competitive analysis and profiles of the major players in the teledermatology market, such as Teladoc Health, Inc., 3Derm Systems Inc., Ksyos Telemedical Centre, Medweb, Advanced TeleMed Services, Eagle Tele Medicine, Vesta Teleradiology, DermUtopia, Mandel Dermatology, and Miiskin.
Key Market Insights
- By type, the services segment is expected to experience rapid growth in the market and is estimated to reach $26,517.41 million by 2032, with a CAGR of 15.4%. However, the products segment is estimated to be growing with a significant CAGR of 14.6% during the forecast period.
- By modality, the store-and-forward (asynchronous) segment dominated the global market. However, the real-time (synchronous) segment is expected to grow with a significant CAGR of 15.4% during the forecast period.
- By end user, the homecare segment dominated the global market. However, the healthcare unit segment is expected to grow with a significant CAGR of 14.9% during the forecast period.
- Based on region, North America garnered the largest revenue share in 2022, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 16.5% during the forecast period.
Companies Mentioned
- 3Derm Systems
- Advanced TeleMed Services
- Derm Utopia
- Eagle Tele Medicine
- ksyos telemedical centre
- Mandel Dermatology
- medweb
- Miiskin
- Teladoc Health, Inc.
- Vesta Teleradiology
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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