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2021
Tele-dermatology Market

Tele-dermatology Market by Service (Store and Forward Method, Video Conferencing, and Others), Service Provider (Telecommunication, and Health Informatics), and Application (Hospitals, Clinics, Ambulatory Centers, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Tele-dermatology is an advanced method for providing dermatology services, to serve remote areas impartially and allow primary care physicians or dermatologists to assist individuals by referring them to the dermatology centers near their homes.Tele-dermatology can be provided in real-time employing two ways, one by store and forward methods and by utilizing equipment of video conferencing. Transported videos and images can be stored with the clinical history of the patient. Real-time tele-dermatology can be used to supply and store more clinical data of the patient.

Market Scope and Structure Analysis

Report Metric 

Details

  Market size available for years

  2021–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units 

  Value (USD)

  Segments covered

  Service, Service Provider, Application, and Region

 Geographies covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies covered

Major players analyzed Iagnosis, Honeywell Life Care Solutions, Philips Healthcare, AMD Global Telemedicine INC, GE Healthcare, Aerotel Medical Systems, Click Diagnostics, Dermlink, Allscripts Healthcare Solutions Inc., and McKesson Corporation.

 

COVID-19 scenario analysis

  • The outbreak of COVID-19 is likely to have a moderate impact on the market in the forecast period.Research and delelopment activities to identify the threat of SARS-CoV-2 virus on the patients suffering are likely to slow the market growth.
  • COVID-19 pandemic has brought about a significant burden on the healthcare industry globally, with disruption in the treatment of non-communicable diseases. Challenges exist in providing effective care.
  • Realizing the disturbing healthcare trends, governments globally are making efforts to provide excellent quality healthcare to patients globally. Nationwide lockdowns, canceled or postponed elective surgeries, denied wound care services, rise in skin injuries in COVID-19, the market is expected to show a decline during the forecast timeline. However, on the flip side, the latter half of the forecast is predicted to show a drastic rise.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rising trends of remote consultancy and online education have boosted the market as many educational institutions like Boston University is providing an online platform for online consultancy and education. Several commercial health consultancy companies are fueling the market growth by providing diagnosis services globally. Vast utilization and benefits of tele-dermatology are the core factor of growth for the tele-dermatology market worldwide. One of the core drivers to the growth of the market is rising receptivity among the providers and the patients.

For example, as per the survey conducted by the National Business Group on Health in the year 2017, nearly 96% of the employer with 5000 or more employees in the U.S stated that by 2019, they will provide insurance services in insurance coverage.

There has been a significant increase in the number of services related to dermatology due to a rise in the rates of skin conditions like eczema, skin cancer, and psoriasis. For example, nearly 50 million people in U.S. suffer from acne, 7.5 million from psoriasis, and 30 million from eczema, as stated by the American Association of Dermatology. Nearly, 9,500 individuals in the U.S. are been treated with skin cancer each day. Thus, the growth in the rate of skin diseases and disorders will strongly enhance the growth tele-dermatology.

Despite many countries that are coming up with reimbursement policies with services, inadequate and improper reimbursement, especially in emerging economies, still possess to hamper the adoption of tele-dermatology. The cost factor associated with health care in the developing economies has led to the adoption of tele-dermatology services in hurry, without proper planning and strategy.

North America is dominated the tele-dermatology market globally because of the rise in investments from the public as well as private players and the contribution of core market leaders for enhanced tele-dermatology services. It accounted for a prominent share in the tele-dermatology services globally in terms of revenue, due to increase in technological advancements in the region, increasing rate of adoption of telehealth services, and government support. Also, market players are adopting digital technologies to interact with clients.

Asia-Pacific followed by Europe is witnessed lucrative growth and holding a notable share in the market owing to a rapid increase in adoption for services digitally, and the growing population.

Key Segments Covered

Segments

Sub-segments

  Services

• Store and Forward Method
• Video Conferencing
• Others

  Service Provider

• Telecommunication
• Health Informatics

 

  Application

  • Hospitals
  • Clinics
  • Ambulatory Centers
  • Other

  Industry Vertical

  • Healthcare
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global tele-dermatology market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global tele-dermatology market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global tele-dermatology market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global tele-dermatology market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Tele-Dermatology Market Research Report

  • What are the leading market players active in the tele-dermatology market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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