Teledermatology Market Outlook, Competitive Landscape and Forecasts to 2031

Teledermatology Market: Introduction

Teledermatology is a subspecialty of dermatology that involves telecommunication technologies and digital transmission of medical information for treatment, diagnosis, and monitoring of skin, hair, and nail-related problems or diseases. It is a practice or study of dermatology care using digital means of communication and visuals for consultation and other purposes.

Teledermatology can be performed utilizing two ways: store and forward and real-time teledermatology. In the store and forward approach, digital images with medical information are forwarded to dermatologists. In the real-time method, patients and dermatologists have a live session or videoconference in which they interact with each other virtually.

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The term 'teledermatology' was coined by Perednia and Brown in 1995. The primary purpose of teledermatology is to exchange knowledge between doctors or researchers; to get a second opinion about any doubt; and to treat patients suffering from serious or chronic disease across the globe.

Teledermatology service also saves valuable time by connecting online with dermatologists and leaving only serious cases to be dealt with in person. Applications of teledermatology involves health care management, which involve telediagnosis, online consultation, telehomecare, and other services, and medical education.

Key Drivers and Restrains in Teledermatology Market

Increase in the prevalence rate of skin disorders and skin tumors, especially in adults, due to certain changes in lifestyle and climate is a major driver of the teledermatology market.

Healthcare value and awareness are rapidly increasing, along with the affordability of skin-related products, which is boosting the market.

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Majority of people preferred virtual diagnosis or treatment post COVID-19 to avoid infection or safety issues. The market is driven by telecommunication or teleconsultation services as it saves time and money in the virtual process and can get any treatment or diagnosis anywhere in the world due to technological advancements.

Artificial Intelligence is a key trends across every sector currently, including healthcare, and it has enabled the treatment or diagnosis of patients with major chronic diseases online, eliminating the need for face-to-face meetings or physical appearance. Moreover, Google introduced its artificial intelligence-based dermatology tool on May 20, 2021. Sakhiya Clinic in India launched a free skin care treatment via this teledermatology platform in April 2020.

The market is hampered by underdeveloped infrastructure and management of teledermatology policies in developing countries. Furthermore, these teledermatology or telecommunication/IT services are primarily deployed in urban areas due to lack of technological advancements and dermatologists in semi-urban or rural areas.

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North America to Capture Major Market Share

In terms of region, the global teledermatology market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America dominated the global market in 2021. Prevalence of skin disorders and skin tumors is high in the U.S. According to the article published by JAMA Dermatology Journal, the prevalence rate of psoriasis and other skin-related disorders in 2020 was estimated to be about 3% of 7.55 million adults aged over 20. Government support and technological advancements are boosting the market in this region. Europe is also a prominent market after North America. This could be ascribed to the fact that major countries in Europe are focusing on technological & healthcare advancements and adoption of digital health services. The market in France is also expanding at a rapid pace.

Asia Pacific is the fastest growing region in the teledermatology market as governments are taking some initiatives to support and increase the adoption of digital services such as teledermatology

India is in the adoption stage of telemedicine or tele-healthcare as India is not as developed as North America in terms of technology and high-speed internet. However, after COVID-19, India is also expanding in this sector.

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Key Players Operating in Teledermatology Market

Major players operating in the teledermatology market are listed below:

3Gen
Ksyos
3 Derm
MetaOptima
MDLIVE, Inc.
Maple
CureSkin
GE Healthcare
Vignet, Inc.
Philips Healthcare
AMD Global Telemedicine
Visby Medica

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