About Teledermatology
Teledermatology is defined as the provision of dermatology care via telecommunication; it enables the evaluation, diagnosis, and treatment of skin conditions without the need for an in-person visit. There are a wide range of advantages, including: With increased access to dermatologists, they offer with greater convenience and flexibility, Teledermatology is a rapidly growing branch of medicine. Faster diagnosis and treatment, etc. Continuous advancements in digital imaging, smartphones, and high-speed internet contribute to the growth of Teledermatology, which is the key factor driving this market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
As the teledermatology landscape evolves, competition will likely intensify, driving continuous improvement and innovation in the field. Companies that can address the evolving needs of patients, healthcare providers, and regulatory requirements will be better positioned for success in the competitive teledermatology market. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hims & Hers Health, Inc (United States, Babylon (United Kingdom), TeleDoctor24 (Germany), Skin Vision (Netherland), Doctor Foster (China), Tia (India), MDLive (United States), First DermLabs (United States), HiDoctor (Turkey), Plump (Brazil), Skincare by Niki (United States), JustDoc (Australia, TeleDermatology (United States), MedX Health Corp (Canada), Livi Dermatology (Sweden), Doctorlink (United Kingdom), Dermanostic (Germany), First Derma (United States) and MCI Onehealth Technologies Inc (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Teledermatology market by , Application (Direct consultations, Specialist referral, Online patient triage, Virtual prescription renewals and Patient follow-up care) and Region.
On the basis of geography, the market of Teledermatology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Synchronous will boost the Teledermatology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
AI-powered diagnosis, Machine learning algorithms are being trained to analyse skin images and assist dermatologists in diagnosis, improving accuracy and efficiency.
Market Growth Drivers:
The rising prevalence of skin disorders and conditions has led to an increased demand for dermatological services. and Increasing consumer acceptance and preference for virtual healthcare options,
Challenges:
Limited Physical Examination
Restraints:
Limited adoption of Teledermatology service
Opportunities:
The adoption of Teledermatology can contribute to a reduction in wait times for dermatology appointments.
Market Leaders and their expansionary development strategies
In June 2021, Hims & Hers making acquired the Apostrophe. The acquisition will accelerate the company's scale in dermatology and fulfilment capabilities with a fully owned pharmacy. and In February 2022, Online Doctor, a leaving teledermatology provider, acquired German-startup A.S.S.I.S.T developer of AI for dermatology. This acquisition deal is part of Switzerland-based Online Doctor’s strategy to bring the world’s first AI-supported medical product in teledermatology to market maturity.
In April 2023, MedX Health Corp. a global leader in Teledermatology, launched of a new MedX Teledermatology Screening Platform Across Canada. The new launch Offering MedX’s cloud-based DermSecure® Screening platform will provide our customers with remote access from our PharmaChoice and RxHealthMed locations to quick dermatological assessment of pigmented lesions, moles and skin conditions. and In September 2022, MCI Onehealth Technologies Inc. a clinician-led healthcare technology company launched of collaboratively developed MCI Dermatology Connect. The launch of MCI Dermatology Connect will help meet the need of Ontarians currently waiting for a consultation on minor dermatological conditions, lessen wait times and increase Ontarians’ access to Dermatologists regardless of geographic constraints.
Key Target Audience
Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.