Globally, the Tele Dermatology Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such as high adoption of tele dermatology amidst the COVID-19 pandemic, rising prevalence of skin diseases and problems, and growing awareness about the benefits of telemedicine and tele dermatology are expected to drive global market growth during the forecast period.
Tele dermatology is one of the most widely used applications of telemedicine and e-health in which telecommunication technologies are used for transferring medical information over varying distances via audio, visual, and data communication. Tele dermatology applications span different sectors of healthcare management such as education, consultation, diagnosis, and treatment. It is usually delivered via live video conferencing or store-and-forward communications. As most skin diseases and concerns are visible, dermatologists and skin care experts are capable of expanding their reach to patients, by utilizing advanced telehealth technologies. Moreover, tele dermatology is effective and cost-efficient and is widely gaining traction among rural areas adopting telemedicine services, no waiting period, and easy convenience for patients with no access to specialty care.
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Key factors such as rising digitalization, increasing inclination towards online consultations, growing preference for doctors and dermatologists to provide virtual and tech-savvy care to patients, and rising investments in developing more advanced tele-dermatology solutions are expected to drive global market revenue growth during the forecast period.
However, factors such as low awareness about telemedicine services, lack of proper epidemiological data regarding skin conditions, unavailability of proper internet infrastructure in many underdeveloped economies, and high chances of connectivity issues during virtual tele dermatology visits are expected to hamper overall market growth during the forecast period.
Store and Forward Method Segment To Register Rapid Revenue CAGR:
The store and forward method segment is expected to register rapid revenue CAGR over the forecast period owing to increasing patient admissions, growing awareness about the store and forward method, and rising preference for store and forward method to capture, store and share patient images for asynchronous telehealth.
Hospitals Segment to Account for Largest Revenue Share:
The hospitals segment is expected to account for largest revenue share between 2023 and 2028. Factors such as increasing adoption of advanced healthcare facilities and telemedicine facilities, improving healthcare infrastructure, and growing demand for remote dermatologist consultations for skin rashes, acne, and hair fall treatment are expected to drive segment revenue growth during the forecast period.
North America to Lead In Terms of Revenue Share:
North America is expected to lead in terms of revenue share in the global market during the forecast period owing to rising incidence of skin diseases and problems, rapid advancements in digital technology, rising adoption of telehealth services, and presence of well-established healthcare infrastructure and healthcare professionals. In addition, presence of leading players, growing awareness about importance of tele dermatology, and increasing investments in research and development activities are expected to drive North America market growth during the forecast period.
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Tele Dermatology Market By Company:
Aerotel Medical Systems
Allscripts Healthcare Solutions Inc.
Honeywell Life Care Solutions
AMD Global Telemedicine INC
Tele Dermatology Industry Recent Developments:
The global tele dermatology market has been segmented based on type, application, and region:
Tele Dermatology Market Segment by Type:
Store and Forward Method
Tele Dermatology Market Segment by Application:
Medical Universities and Colleges
Tele Dermatology Market Segment by Region:
North America (USA, Canada)
Europe (Germany, France, UK, Italy, Russia, Nordic Countries, Rest of Europe)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, Australia, rest of Asia)
Latin America (Mexico, Brazil, Rest of Latin America)
Middle East & Africa (Turkey, Saudi Arabia, U.A.E, Rest of MEA)
Recent development for Tele Dermatology Market
In September 2022, MCI Onehealth collaborated with Oro Health to launch a new tele dermatology platform, MCI Dermatology Connect to help Ontarians who are currently waiting for a consultation on minor dermatology conditions. This platform will enhance Ontarian’s access to dermatologists despite the geographical constraints.
Key Reasons to Purchase:
Estimates 2023 to 2028 tele dermatology market current market trends and development trends
Market dynamics along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the tele dermatology market
Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
Brief about impact of COVID-19 on the global tele dermatology market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?
Which key players are leading in the global tele dermatology market?
What is the expected market size of the global tele dermatology market between 2023 and 2028?
Which region is expected to account for largest revenue share over the forecast period?
What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
What are some of the key challenges that the global market is expected to face during the forecast period?
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