Research Nester published a report titled “Tele Dermatology Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global tele dermatology market in terms of market segmentation by type, method, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global tele dermatology market is estimated to attain a significant CAGR over the forecast period, i.e., 2021–2029. The market is bifurcated on the basis of type into product, and service, out of which, the service segment is anticipated to hold the largest share in the market during the forecast period owing to the various services provided by tele health solutions, such as, consulting, prescription, and feedback from patients.
The global tele dermatology market is estimated to grow during the forecast period on the back of increasing skin problems, such as, eczema, and skin cancer, among people, which increases the demand for dermatologists. As tele dermatology provides a chance for dermatologists to treat maximum patients at once, it significantly manages the growing patient pool and allows best treatment for a large population, which was otherwise unavailable due to lesser number of dermatologists. This is also projected to boost the market growth over the forecast period. Furthermore, the availability of direct consultation, fast communication, cost effectiveness, and proper prescriptions in tele dermatology, is expected to promote the market growth.
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Geographically, the global tele dermatology market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America is projected to garner the largest market share owing to the extreme shortage of dermatologists in the region. Moreover, the lockdown due to COVID-19 has driven the masses to opt for facilities at home to avoid going to crowded places, which is estimated to boost the market in the region. The market in Europe is also estimated to witness noteworthy growth by the end of 2029, owing to the growing healthcare sector in the region, along with the increasing cases of skin diseases caused by unhealthy lifestyle.
Increasing Demand for Treatment at Home amidst COVID-19 Pandemic to Boost the Market Growth
The COVID-19 pandemic has forced the people to stay home and avoid public places including hospitals and clinics, unless emergency. This has raised the demand for tele medicines as it is convenient, efficient, and cost effective and is available at home through internet. This is estimated to significantly drive the market growth throughout 2021. Moreover, ease of consulting a specialist coupled with rising prevalence of critical skin diseases, is projected to boost the market growth.
However, lack of awareness about telehealth services in underdeveloped and developing economies is expected to operate as key restraint to the growth of the market over the forecast period.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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This report also provides the existing competitive scenario of some of the key players of the global tele dermatology market which includes company profiling of AMD Global Telemedicine Inc, Aerotel Medical Systems Ltd., Iagnosis, Inc. (DOC), American Well Corporation (NYSE: AMWL), iDoc24 Inc, Trusper Inc. (Musely), SkyMD, Inc., Curology, Inc., Ksyos, and 3Derm Systems, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global tele dermatology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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