Teledermatology Market Overview
Teledermatology Market accounted for USD 4.5 Billion in 2019 and is estimated to be USD 44.8 Billion by 2029 and is anticipated to register a CAGR of 26.0%.
Teledermatology is a powerful tool techniques makes healthcare accessible, cost-effective, and significantly enhances patient engagement. The demand for teledermatology has significantly increased due to the cost savings opportunity offered by the technology. The application of teledermatology is enormous. It enables physicians and patients to share real time health-related information from one computer screen to another. With the help of teledermatology software, patients can connect with a doctor at the comfort of their home for diagnosis as well as treatment without needing an appointment.
Teledermatology Market Drivers & Restraints
Increase in demand for virtually-delivered care
Telecommunication reduces the need for patients to visit an emergency room and the costs associated with the same. Teledermatology services have been in the rise in the coming years. This practice has rapidly spread in many countries given its ease of utilization and the advantage to serve remote areas. Underserved populations with restricted access to traditional dermatology consultations have been greatly benefited, consequently driving teledermatology expansion. Surge in population and need to expand healthcare access, rising prevalence of chronic conditions and cost-benefits of telehealth & teledermatology, shortage of physicians, advancements in telecommunication technology, Government support and rising awareness helps to grow the market.
However, Reimbursement framework, Lack of integration, Lack of sufficient data for care continuity, Awareness related to services, Lack of technical skills among patients hamper the growth of the market.
Teledermatology Market Segmentations & Regional Insights
The global teledermatology market is segmented based on the type, and region. Base on the type, the global market is segmented into telehospitals, telehomes, and mHealth. The telehomes segment is expected to be the fastest growing segment over the forecast period. Telehomecare is an innovative way to provide care, monitor a patient, and provide information, by using the latest technology in telecommunication. Monitoring allows early identification of disease, and thus, preventing chronic conditions.
Regional Insights:
According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Teledermatology is a rapidly growing component of healthcare in the United States. Treatment of chronically ill patients constitutes nearly four-fifths of the healthcare spending in the United States. The adoption of telemedicine has improved care management, patient quality of life, and reduced healthcare spending. The rising demand for mobile technologies, coupled with the rising adoption of homecare by patients and reduction in hospital visits, is expected to propel the growth of the market over the forecast period.
Detail Segmentation:
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast Period |
2020 - 2029 |
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Market Representation |
Revenue in USD Million & CAGR from 2020-2029 |
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Market Segmentation |
By Type - Telehospitals, Telehomes, and mHealth(Mobile Health)) By Region - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Regional Scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered in the report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the global teledermatology market report based on deployment type, and region.
Teledermatology Market, By Type
- Telehospitals
- Telehomes
- mHealth(Mobile Health))
Teledermatology Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Teledermatology Market Competitive Landscape & Key Players
The major players in the market include 98point6, Vida Health, Medici, Healthtap, Maven Clinic, Doctor Anywhere, Zipnosis, SnapMD, Cloudbreak Health, and Cloud DX. Players operating in the teledermatology/telehealth market are focusing on providing innovative solutions on COVID-19 to support hospitals and healthcare providers.
Teledermatology Market Company Profile
Teledermatology Market Highlights
FAQs
The global teledermatology market is segmented based on the type, and region.
Surge in population and need to expand healthcare access, rising prevalence of chronic conditions and cost-benefits of telehealth & teledermatology, shortage of physicians, advancements in telecommunication technology, Government support and rising awareness helps to grow the market.
Teledermatology is a rapidly growing component of healthcare in the United States. Treatment of chronically ill patients constitutes nearly four-fifths of the healthcare spending in the United States.
The major players in the market include 98point6, Vida Health, Medici, Healthtap, Maven Clinic, Doctor Anywhere, Zipnosis, SnapMD, Cloudbreak Health, and Cloud DX.