With the emergence and long-term Impact of COVID-19, the Global Teledermatology Market is to reach USD 26.98 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Teledermatology Market is poised to raise up to USD 26.98 Billion by 2030. Teledermatology is a specialized field of telemedicine that includes providing dermatological care and consultation remotely utilizing communication tools such as video conferencing and image sharing. Dermatology is a field of medicine that focuses on identifying and treating illnesses, infections, and aesthetic problems of the skin.
Through Teledermatology, dermatologists provide their expertise to clients who are unable to go to a clinic or who prefer the ease of remote consultations. Factors such as rising demand for convenient and accessible healthcare, increasing reimbursement for Teledermatology services, a surge in demand for dermatological services, and rapid penetration of the internet and smartphones are primarily driving the market growth globally.
The rise in incidences of various skin conditions such as skin cancer, eczema, and psoriasis is acting as a catalyzing factor for the market growth during the estimated period. Teleconsultation offers quicker, higher-quality dermatological treatment, and it is considered a solution to lessen the effects of the rising consultation rate and dermatologist scarcity. According to National Institutes of Health (NIH) study in 2022, 94 million individuals in Europe experience uncomfortable skin sensations including itching, burning, or dryness. The most prevalent disorders were atopic dermatitis or eczema (5.5%), fungal skin infections (8.9%), and acne (5.4%).
Women are more prone to experience acne, alopecia, rosacea, and eczema, whereas men are more likely to get psoriasis and STDs. As a result, this has raised awareness about the importance of regular skin checks and timely dermatological consultations, which boosted the global teledermatology market growth. Moreover, the rapid advancements in telecommunications technology, as well as the increasing use of automation technologies in the healthcare sector present various lucrative opportunities over the forecast years. However, the image quality and interpretation, along with the limited physical examination are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Teledermatology Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing demand for convenient and accessible healthcare, rising inclination towards teleconsultations, and the presence of several large-scale players, such as DermatologistsOnCall, and MDLive. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rise in cases of various skin disorders, increasing proliferation of the internet and smartphones, as well as reforms and adoption of telehealth by governments are significantly propelling the market demand across the region.
The global Teledermatology Market is highly competitive owing to the presence of several key manufacturers such as 3Gen DermLite (U.S.), Ksyos (Netherlands), MetaOptima Technology Inc. (Canada), 3Derm Systems Inc. (U.S.), VigNet Inc. (U.S.), Maple (Canada), MDLIVE Inc. (U.S.), and others.
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Key findings of the study suggest:
- Global Teledermatology Market is anticipated to grow with a healthy growth rate of more than 16.3% over the forecast period 2023-2030.
- In the type segment, services emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the rising inclination towards teleconsultations.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- Products
- Services
By Modality:
- Store-and-forward (Asynchronous)
- Real-time (Synchronous)
- Others
By End-user:
- Healthcare Facilities
- Homecare
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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