1. What is the projected Compound Annual Growth Rate (CAGR) of the Teledermatology Market?
The projected CAGR is approximately 16.3%.
Teledermatology Market by Type (Products, Services {Teleconsultation, Telemonitoring, Tele-education, Others}), by Modality (Store-and-forward (Asynchronous), by End-user (Healthcare Facilities, Homecare), by North America (U.S., Canada) Forecast 2025-2033
The global teledermatology market is expected to reach USD 8.7 Billion by 2027 from USD 3.0 Billion in 2022, growing at a CAGR of 16.3%. Teledermatology involves the use of telecommunication technologies, such as video conferencing, mobile applications, and email, to provide dermatological care to patients remotely.Teledermatology is the method of providing dermatology services without actually have to visit the office of a doctor. As it uses video calls, messaging platforms, email, and image sharing to provide skin consultations, diagnoses, treatment planning and follow-ups. The two types of Teledermatology are 'store-and-forward' and 'live interactive consultations'. In the store and forward model, patients or healthcare providers take photographs or record videos of skin problems and email these to dermatologists who then analyze and suggest remedies. During live interactive consultations, patients and dermatologists communicate virtually like in a video chat enabling for quick responses and more personal approach. Teledermatology in its turn provides much advantages such as wider access to the dermatological services, shorter waiting time, cost-efficiency, etc. H teledermatology is a vital technology that ensures effective patient access to quality dermatology care while having the edge over distance.
Teledermatology is gaining popularity as it offers several advantages over traditional in-person consultations, including increased convenience, reduced costs, and improved access to care. The rising prevalence of chronic skin conditions, the growing adoption of telemedicine platforms, and the advancement of artificial intelligence (AI) and machine learning technologies are key drivers of the teledermatology market.
Type:
Services:
Modality:
End-user:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 16.3% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
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These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
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The projected CAGR is approximately 16.3%.
Key companies in the market include 3Gen (U.S.), Ksyos (Netherlands), MetaOptima (Canada), 3Derm (U.S.), VigNet Inc.(U.S.), Maple (Canada), MDLIVE Inc. (U.S.), CureSkin (India), Ping an Good Doctor (China), FirstDerm (U.S.).
The market segments include Type, Modality, End-user.
The market size is estimated to be USD 8.06 USD billion as of 2022.
Growing Adoption of Telehealth among Patients and Providers to Propel Market Growth.
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
Poor Reimbursement Facility for these Services is Limiting the Adoption.
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