Global Teledermatology Market

Report ID : 1475 | Published : 2022-11-30 | Pages: | Format: PDF/EXCEL

The market size of the Global Teledermatology Market in the year 2021 is valued at 7.48 billion and is predicted to reach 44.54 billion by the year 2030 at an 22.16% CAGR during the forecast period.

Teledermatology is a robust approach that makes healthcare more accessible and cost-effective and improves patient participation dramatically. Teledermatology has grown in popularity due to the cost-cutting opportunities provided by technology. Increased population and the need to expand healthcare access, rising prevalence of chronic conditions and the cost-benefits of telehealth and teledermatology, physician shortage, advancements in telecommunication technology, government support, and rising awareness all contribute to the market's growth. Nonetheless, increased networking demand, demand for smart healthcare infrastructure, robotics in healthcare applications, and sensor-based devices are projected to present enormous potential for the teledermatology market throughout the projection period.

The growing demand for online education and remote consulting has boosted the sector, with many schools, such as Boston University, offering an online education and consulting platform. Several commercial health consulting firms also play critical roles in providing diagnosis services worldwide. Teledermatology's benefits and widespread use are significant growth drivers for the global teledermatology market. One of the primary causes driving the adoption of investments and teledermatology services in the telemedicine business is government measures to reduce healthcare costs and expand specialist health care.

Market Segmentation:

Teledermatology is segmented on the type, modality and end-use. Based on type, the market is segmented into products and services (teleconsultation, telemonitoring, and tele-education). Based on modality, teledermatology is segmented into. Based on the modality, teledermatology is segmented into the store and forward (asynchronous), real-time (synchronous), and others (others include hybrid). Based on end-use, teledermatology is segmented into hospitals and clinics, medical universities, and home care.

Based on type, the services segment is a major contributor to teledermatology

The services sector is anticipated to develop the fastest. The wait times for various dermatologist services, including consultations, monitoring, and education services, are reduced through teledermatology platforms. The introduction of teledermatology, which drastically reduces patient wait times for services, has been facilitated by the inadequacy of dermatologists worldwide. The conveniences connected to virtual services have aided in the sector's expansion. During the projection period, the segment's growth is anticipated to be fueled by consumers' increasing awareness of teledermatology platforms.

The hospital & Clinics segment witnessed growth at a rapid rate.

Hospitals & clinics grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. The segment has grown due to the increased use of teledermatology platforms in hospitals and clinics. The demand for teledermatology platforms in hospitals has increased due to the increased government investments in adopting digital technologies.

North American teledermatology holds a significant revenue share in the region.

North American Teledermatology is expected to register the highest market share in revenue shortly. Due to the increased incidence of skin conditions, rising healthcare expenses, and improved access to healthcare facilities, the teledermatology market has grown in North America. Due to the expanding prevalence of different skin conditions in the US, teledermatology has become more necessary. Besides, Asia Pacific is anticipated to be the market with the most significant opportunity. The rising government initiatives to improve the healthcare sector and the rising adoption of telehealth and telemedicine are the main factors propelling the growth of the teledermatology market in the Asia Pacific.

Competitive Landscape

Some major key players in the Teledermatology are Aerotel Medical Systems Ltd., MDLIVE, Visby Medical, Inc., Ksyos, VigNet Inc., Allscripts Healthcare, LLC, 3Derm, McKesson Corporation, CureSkin, Honeywell Life Care Solutions, MetaOptima, Philips Healthcare, 3Gen Consulting, AMD Global Telemedicine, GE Healthcare, and First Derm

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Teledermatology Market Snapshot

Chapter 4. Global Teledermatology Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis

5.1. by Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Type:

5.2.1. Products

5.2.2. Services

5.2.2.1. Teleconsultation

5.2.2.2. Telemonitoring

5.2.2.3. Tele-education

Chapter 6. Market Segmentation 2: by Modality Estimates & Trend Analysis

6.1. by Modality & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Modality:

6.2.1. Store and Forward (Asynchronous)

6.2.2. Real Time (Synchronous)

6.2.3. Others (Others include Hybrid)

Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis

7.1. by End-user & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-user:

7.2.1. Hospitals and Clinics

7.2.2. Medical Universities

7.2.3. Homecare

Chapter 8. Teledermatology Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Teledermatology Market Revenue (US$ Million) Estimates and Forecasts by Type, 2022-2030

8.1.2. North America Teledermatology Market Revenue (US$ Million) Estimates and Forecasts by Modality, 2022-2030

8.1.3. North America Teledermatology Market revenue (US$ Million) by End-user, 2022-2030

8.1.4. North America Teledermatology Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.2. Europe

8.2.1. Europe Teledermatology Market revenue (US$ Million) by Type, 2022-2030

8.2.2. Europe Teledermatology Market revenue (US$ Million) by Modality, 2022-2030

8.2.3. Europe Teledermatology Market revenue (US$ Million) by End-user, 2022-2030

8.2.4. Europe Teledermatology Market revenue (US$ Million) by country, 2022-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Teledermatology Market revenue (US$ Million) by Type, 2022-2030

8.3.2. Asia Pacific Teledermatology Market revenue (US$ Million) by Modality, 2022-2030

8.3.3. Asia-Pacific Teledermatology Market revenue (US$ Million) by End-user, 2022-2030

8.3.4. Asia Pacific Teledermatology Market revenue (US$ Million) by country, 2022-2030

8.4. Latin America

8.4.1. Latin America Teledermatology Market revenue (US$ Million) by Type, 2022-2030

8.4.2. Latin America Teledermatology Market revenue (US$ Million) by Modality, 2022-2030

8.4.3. Latin America Teledermatology Market revenue (US$ Million) by End-user, 2022-2030

8.4.4. Latin America Teledermatology Market revenue (US$ Million) by country, 2022-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Teledermatology Market revenue (US$ Million) by Type, 2022-2030

8.5.2. Middle East & Africa Teledermatology Market revenue (US$ Million) by Modality, 2022-2030

8.5.3. Middle East & Africa Teledermatology Market revenue (US$ Million) by End-user, 2022-2030

8.5.4. Middle East & Africa Teledermatology Market revenue (US$ Million) by country, 2022-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Aerotel Medical Systems Ltd.

9.2.2. MDLIVE

9.2.3. Visby Medical, Inc.

9.2.4. Ksyos

9.2.5. VigNet Inc.

9.2.6. Allscripts Healthcare, LLC

9.2.7. 3Derm, McKesson Corporation

9.2.8. CureSkin

9.2.9. Honeywell Life Care Solutions

9.2.10. MetaOptima

9.2.11. Philips Healthcare

9.2.12. 3Gen Consulting

9.2.13. AMD Global Telemedicine

9.2.14. GE Healthcare

9.2.15. First Derm

9.2.16. Other Prominent Players

By Type:

  • Products
  • Services
    • Teleconsultation
    • Telemonitoring
    • Tele-education

By Modality:

  • Store and Forward (Asynchronous)
  • Real Time (Synchronous)
  • Others (Others include Hybrid)

By End User:

  • Hospitals and Clinics
  • Medical Universities
  • Homecare

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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