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Online Dermatology Consultation Market Outlook 2024: Exclusive Report By The Business Research Company | Teladoc Health Inc., DermatologistOnCall, First Derm, Doctor On Demand Inc., Lybrate Inc., DocsApp
Online Dermatology Consultation Market Characteristics
The Business Research Company offers in-depth market insights through Online Dermatology Consultation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The online dermatology consultation market size has grown rapidly in recent years. It will grow from $3.65 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to increasing skin health awareness, convenience and accessibility, covid-19 pandemic impact, cost-efficiency.
The online dermatology consultation market size is expected to see rapid growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to ai integration, expansion of e-health platforms, regulatory support, patient-centric approach, global health events. Major trends in the forecast period include regulatory and reimbursement changes, enhanced data security measures, patient education and engagement, advanced imaging technologies, artificial intelligence (ai) assistance.
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Market Segmentation:
The online dermatology consultation market covered in this report is segmented -
1) By Modality: Store-And-Forward (Asynchronous), Real-Time (Synchronous), Other Types
2) By Application: Skin Care, Hair Loss, Sign of Aging, Other Applications
3) By End-User: Healthcare Facilities, Homecare, Other End Users
Major Driver - Rising Number Of Skin Disorders To Drive Market Growth
The growing rates of skin conditions are expected to propel the growth of the online dermatology consultation market going forward. Skin conditions refer to dermatologic conditions or skin disorders such as acne, eczema, skin cancer, psoriasis, and vitiligo that affect the skin. Online dermatology consultation, known as tele dermatology, allows patients to consult with dermatologists virtually using telecommunication technologies and provides efficient, convenient, and cost-effective diagnosis and treatment. For instance, in December 2022, according to the data published by 'The National Psoriasis Foundation, a US-based, organization associated with the awareness related to psoriatic disease, 2022, more than 8 million cases of psoriasis were recorded in the US, which increased from 7.5 million in previous year 2021. Therefore, the rise in the growth rates of skin conditions is driving the growth of the online dermatology consultation market.
Competitive Landscape:
Major companies operating in the online dermatology consultation market report are Teladoc Health Inc., DermatologistOnCall, First Derm, Doctor On Demand Inc., Lybrate Inc., DocsApp, Doctena Luxembourg, Babylon Health, Doctolib SA, Apollo TeleHealth, Doxy.me Inc., iCliniq, CureSkin India Private Limited, Aerotel Medical Systems Ltd., Apostrophe, Curology Inc., Dermatology Consultants, DermCare Management, DermCheck Dermatology Group, Dermio Dermatology LLC, Dermveda, Direct Dermatology Inc., First Opinion, GE HealthCare Technologies Inc., Hims & Hers Health Inc., Iagnosis Inc., iDoc24 Inc., Klara Technologies Inc, KRY International, LiveMD, Modernizing Medicine Inc., Musely, Philips Healthcare .
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Top Trend - Technological Advancements Driving Innovation In Online Dermatology Consultation Market
Technological innovations are a key trend gaining popularity in the online dermatology consultation market. Companies operating in the online dermatology consultation market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Oro Health Technology, a Canada-based telemedicine technology company partnered with MCI Onehealth Inc., a Canada-based healthcare technology company, and launched the new 'MCI Dermatology Connect platform, a technological platform in Ontario. This platform is compatible with HIPAA norms thus providing reliable and highly secure medical processes. This is created using Orio Health's AI technology and does not require an appointment between the patient and the doctor reducing waiting time for the patients.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Online Dermatology Consultation Market Characteristics
3. Online Dermatology Consultation Market Trends And Strategies
4. Online Dermatology Consultation Market - Macro Economic Scenario
5. Online Dermatology Consultation Market Size And Growth
…..
27. Online Dermatology Consultation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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