Teledermatology, or virtual dermatology, uses telecommuncation technologies to provide dermatological services. Despite its name, it can be applied to a variety of different health care disciplines. There are numerous benefits of teledermatology. One of these benefits is the increased convenience of patients. Many patients are less constrained by geographic or financial barriers. In addition to that, they can request a consultation without a referral. Teledermatology has its drawbacks, though. Not all specialists are trained or licensed in the state where they practice, and a patient’s health insurance coverage may be limited by the distance. Teledermatology is not appropriate for all patients, and some patients may not have access to high-quality skin photographs. While teledermatology can be a convenient way to view skin lesions, its accuracy cannot be guaranteed. The use of teledermatology is not recommended for patients with severe skin lesions, as a face-to-face exam is still the gold standard. Even if teledermatology provides high-quality images, the quality of the results is still far below what is possible through face-to-face consultation.
The global teledermatology market is estimated to be valued at US$ 7,374.5 million in 2021 and is expected to exhibit a CAGR of 23.5% over the forecast period (2021-2028).
Receive a Free Sample of Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/4596
The growing prevalence of skin conditions and skin tumors is driving growth of the global teledermatology market over the forecast period.
For instance, according to an article published by the JAMA Dermatology Journal in June 2021, the prevalence of psoriasis, an itchy skin condition in adults above the age of 20 years in the U.S. was estimated to be 3% based on the epidemiological data collected between July 2019 and December 2020. The same source estimates that around 7.55 million adults in the U.S. suffered from psoriasis in 2020.
Additionally, according to data provided by the National Psoriasis Foundation, U.S. in 2020, it is estimated that around 2% to 3% of the world’s population or 125 million people across the globe suffered from psoriasis in 2019.
New product launches and approvals for the development of innovative solutions for diagnosis and treatment of skin conditions is propeling the market growth over the forecast period.
For instance, in March 2020, Integrated Dermatology, a U.S. based medical and cosmetic solution provider launched its new teledermatology virtual service to provide a real time video consultation with a dermatologist for common skin conditions such as acne, eczema, rashes, shingles, lesions, psoriasis, cold sores, wounds, and others.
Incraesing investments by governments for the development of innovative solutions for diagnosis and treatment of skin cancer is projected to drive the market growth over the forecast period.
For instance, in July 2021, National Health Service (NHS), U.K. announced an investment of US$ 27.7 million (£20 million) to support teledermatology service wherein skin snaps of patients suspected to be suffering from skin cancer would be sent to hospitals for same day diagnosis of skin cancer. This diagnostic teledermatology service is expected to aid in early detection of skin cancer remotely from the patient’s home and allow for quicker treatment of skin cancer.
Global Teledermatology Market – Impact of Coronavirus (COVID-19) Pandemic
Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 197,788,117 cases and 4,219,578 deaths due to Coronavirus (COVID-19) were reported till August 3, 2021, across the globe.
The COVID-19 pandemic and lockdown in various countries across the globe has negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. However, COVID-19 pandemic is expected to have a positive impact on teledermatology market in this COVID-19 pandemic owing to need for non-contact healthcare solutions to curb the spread of COVID-19 infection.
Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables& Figures, Chart) @ https://www.coherentmarketinsights.com/insight/request-pdf/4596
For instance, in April 2020, Sakhiya Skin Clinic, an Indian dermatological clinic launched free skin care consultation and treatment service across India via real time teledermatology, wherein the patient and the dermatologist would exchange medical information regarding the skin conditions using video conferencing. Such launches of teledermatology services help the market players to address the COVID-19 pandemic as it offers contactless dermatological care solution for the patients and reduces the risk of transmission of COVID-19 via personal contact.
Moreover, according to an article published by the Journal of the German Society of Dermatology in July 2020, two surveys were carried out amongst dermatologists in India and the U.S. which revealed that more than 80% dermatologists offered teledermatology services during the COVID-19 pandemic. Teledermatology has helped conquer the limitations of personal dermatological care during nationwide lockdowns imposed in the wake of COVID-19 pandemic by offering a digital platform for audio or video consultation for skin diseases and cancer.
Global Teledermatology Market – Restraint
Factors such as lack of proper internet infrastructure in underdeveloped and developing countries such as Bangladesh, Africa, Afghanistan, and others, low reimbursement, connectivity issues during virtual teledermatology visits, and lack of proper epidemiological data related to skin conditions are the factors that are expected to hinder growth of the global teledermatology market. For instance, according to an article published by the British Medical Journal (BMJ) in May 2020, around 81% countries of the world lack epidemiological data with regards to psoriasis, a skin condition wherein itchy scale like patches are formed on the skin.
Key Players
Key players operating in the global teledermatology market include 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.
Buy the Full Research report With Flat USD 2000 OFF @ https://www.coherentmarketinsights.com/promo/buynow/4596
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Modality
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Pipeline Analysis
- PEST Analysis
- Regulatory Scenario
- Market Trends
- Key Highlights
- Reimbursement Scenario
- Mergers & Acquisitions
- Market Dynamics
- Global Teledermatology Market – Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- Government Initiatives
- Global Teledermatology Market, By Type, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Services
- Teleconsultation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Telemonitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Tele-education
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Teleconsultation
- Introduction
- Global Teledermatology Market, By Modality, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Store and Forward (Asynchronous)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Real Time (Synchronous)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Others (Others include Hybrid)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Global Teledermatology Market, By End User, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Medical Universities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Homecare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/teledermatology-market-3844
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact Us:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837