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Rising Prevalence Of Skin Cancer Fueling The Growth Of The Market Due To Increasing Incidence And Need For Early Detection Emerges as a Core Driver of the Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Market in 2025
Artificial Intelligence AI Powered Dermatology Lesion Triaging Market
What Is the Expected CAGR for the Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Market Through 2025?
The market for AI-based dermatology lesion triage has experienced rapid expansion lately. Its growth is projected to rise from $0.85 billion in 2024 to $1.12 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 32.3%. This considerable growth during the historical period can be linked to factors such as burgeoning use of mobile health apps, development in telemedicine infrastructure, the requirement for prompt and precise diagnosis, growth of dermatology clinics, as well as heightened awareness about skin health and preventive measures.
What's the Projected Size of the Global Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Market by 2029?
Experts predict a boost in the artificial intelligence (AI)-driven dermatology lesion triaging market in the coming years, reaching approximately $3.40 billion in 2029 with an estimated compound annual growth rate (CAGR) of 31.9%. This expansion during the prediction phase can be linked to a rising occurrence of skin cancer, amplified cognizance about preemptive diagnosis, a surge in the need for individualized medicine, enhancement in healthcare digitalization, and escalated investments in AI healthcare startups. During this forecast period, several pivotal trends are anticipated, such as advancements in real-time lesion examination, novel developments in predictive dermatology, amalgamation of AI with electronic health records, breakthroughs in smartphone-based skin evaluation tools, and innovative approaches in personalized treatment proposals.
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Top Growth Drivers in the Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Industry: What's Accelerating the Market?
The escalating occurrences of skin cancer are predicted to stimulate the expansion of the Artificial Intelligence (AI)-powered dermatology lesion triaging market. Skin cancer is a condition characterized by the unregulated growth of abnormal skin cells, typically triggered by exposure to harmful ultraviolet radiation from the sun or tanning beds. The rising rate of skin cancer is primarily attributed to overexposure to the sun, leading to harmful UV radiation harming the DNA in skin cells. AI-powered dermatology lesion triaging offers a solution to skin cancer by facilitating the early and precise identification of dubious skin lesions. It mitigates diagnosis delays by offering instantaneous risk evaluation, enhances specialist referrals, and aids clinical decision-making, thereby enhancing patient results. For example, in 2023, Cancer Australia, a government agency in Australia, reported that approximately 8,257 new melanoma skin cases were identified, contributing 2.6% of all cancer-related deaths. Consequently, the escalating prevalence of skin cancer is propelling the growth of the AI-powered dermatology lesion triaging market.
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What Trends Will Shape the Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Market Through 2029 and Beyond?
Key businesses in the AI-powered dermatology lesion triaging market are concentrating on creating innovative solutions like AI-powered imaging platforms. These platforms aim to improve diagnostic precision, enable early detection of skin cancers, and simplify clinical procedures. AI-powered imaging systems are integrated platforms using AI algorithms to scrutinize skin lesions, supply on-the-spot diagnostic support, and help in sorting cases according to the risk of malignancy. For instance, a health tech firm based in the US, Enspectra Health Inc., was awarded the Food and Drug Administration Breakthrough Device Designation in June of 2024 for its cutting-edge AI-powered VIO Skin Platform. This comprehensive platform takes reflectance confocal and multiphoton laser scanning microscopy into account to create non-invasive, immediate cellular-level images of skin tissues. It merges with VIO.ai NMSC, a computer-assisted diagnosis and triage (CADx/CADt) software function. This function classifies lesions that raise suspicions for basal cell carcinoma (BCC) and squamous cell carcinoma (SCC) in high-risk groups, offering physicians valuable support in making clinical decisions, potentially diminishing unnecessary biopsies.
What Are the Main Segments in the Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Market?
The artificial intelligence (AI)-powered dermatology lesion triaging market covered in this report is segmented as
1) By Component: Software, Hardware, Services
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Lesion Type: Benign, Malignant, Pre-Malignant
4) By Application: Skin Cancer Detection, Benign Lesion Identification, Teledermatology, Clinical Decision Support, Other Applications
5) By End-User: Hospitals, Dermatology Clinics, Diagnostic Centers, Research Institutes, Other End Users
Subsegments:
1) By Software: Image Analysis Software, Diagnostic Support Software, Cloud-Based Software, Mobile Application Software, Patient Management Software
2) By Hardware: Imaging Devices, Dermatoscopes, Cameras, Computers, Scanners
3) By Services: Consulting Services, Implementation Services, Training And Education Services, Maintenance And Support Services, Data Management Services
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Which Top Companies are Driving Growth in the Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Market?
Major companies operating in the artificial intelligence (ai)-powered dermatology lesion triaging market are Proscia Inc., Aysa Hospitality, SkinVision B.V., MetaOptima Technology Inc., SkinIO Inc., Skin Analytics Ltd., DermaSensor Inc., Dxcover Ltd., Skinive, Legit.Health, Veriskin, VivoSight, BelleTorus, First Derm, CureSkin, Skinopathy, DermLens AI, Enspectra Health Inc., and Dermie.AI.
Which Regions Will Dominate the Artificial Intelligence (AI)-Powered Dermatology Lesion Triaging Market Through 2029?
North America was the largest region in the artificial intelligence (AI)-powered dermatology lesion triaging market in 2024. The regions covered in artificial intelligence (AI)-powered dermatology lesion triaging report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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