Dermatoscopes - Market Insights, Competitive Landscape, and Market Forecast - 2030

Dermatoscope Market By Product Type (Contact Dermatoscope, Non-Contact Dermatoscope, And Hybrid Dermatoscope), By Technology (Led, Xenon, Halogen, And Ultraviolet), By Portability (Hand-Held, Trolley Mounted, And Headband), By End-User (Hospitals, Dermatology Clinics, And Others), and by geography is expected to grow at a steady CAGR forecast till 2030 owing to the increasing prevalence of skin-related diseases such as melanoma and rapid technological advancements

The global dermatoscopes market was valued at USD 888.84 million in 2023, growing at a CAGR of 13.30% during the forecast period from 2024 to 2030 to reach USD 1,871.28 million by 2030. The demand for dermatoscopes is primarily being boosted by the increasing skin-related diseases such as melanoma, growing awareness about skin issues such as lesions, warts, fungal infection, and others, rising technological developments in the R&D sector, rising demand for cosmetic surgeries, and other are thereby contributing to the overall growth of the dermatoscopes market during the forecast period from 2024-2030.

Dermatoscope Market Dynamics:

The dermatoscopes market is witnessing a growth in product demand owing to various factors, one of the key factors being the increase in the prevalence of melanoma. For instance, according to data published by World Health Organization (WHO) in 2022, it was reported that in 2020, more than 325,000 new cases of melanoma were diagnosed globally.

Thus, the increasing prevalence of skin diseases including skin cancer is anticipated to drive the demand for dermatoscopes during the forecast period as these devices are used to either treat or diagnose the disease.

The rising awareness about skin cancer due to the various awareness campaigns launched by the major players and non-profit organizations are influencing diagnostic procedures and therefore supporting the market growth. For instance, the American Academy of Dermatology (AAD) launched SPOT Skin Cancer in 2020 to increase awareness about skin cancer in the population. Similarly, in May 2021, the American Cancer Society (ACS) launched a Get Screened campaign that promotes regular cancer screening tests.

Moreover, another key factor that is aiding in the growth of the dermatoscopes market is the upsurge in the demand for technologically advanced dermatoscopes. For instance, in November 2020, Barco launched a revolutionary skin imaging platform, Demtra, where medical professionals could have access to a state-of-the-art tool that allowed dermoscopic, close-up, and overview images with intelligent insights. Demetra-solution combined innovative AI technology with a unique design that allowed dermatologists to take make treatment and skin lesion follow-ups fast and easily.

Therefore, the aforementioned advantages offered by dermatoscopes are expected to further drive the growth of dermatoscopes during the forecast period (2024-2030).

However, the presence of other alternatives and others may restrict the dermatoscopes market growth.

The COVID-19 pandemic had a negative impact on the market growth of dermatoscopes as during the initial few months owing to the lockdown impositions there was a disruption in the manufacturing, supply, and other related activities of the dermatoscopes market. Moreover, owing to strict lockdown rules, there was a shortage of patients visiting hospitals for diagnosis and treatment of various. Furthermore, due to a shortage of healthcare professionals, many countries across the world were forced to close down clinics except in case of emergencies. However, with the administration of the vaccine, and with the resumption of activities, the demand for dermatoscopes increased as the patients started visiting hospitals and clinics for diagnosis and treatment of different diseases, thereby bringing the demand for dermatoscopes back on track.

Dermatoscope Market Segment Analysis:

Dermatoscopes Market by Product Type (Contact Dermatoscopes, Non-Contact Dermatoscopes, and Hybrid Dermatoscopes), Technology (LED, Xenon, Halogen, and Ultraviolet), Portability (Hand-Held, Computer-Based, and Headband), End-User (Hospitals, Dermatology Clinics, Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the technology segment of the dermatoscopes market, the LED dermatoscopes category is expected to amass a significant revenue share in the year 2023. This can be ascribed to their advantages such as the brighter illumination provided by them.

Apart from this, LED dermatoscopes are comparatively ergonomic and safer since it produces less heat and thus decrease the chances of side effects during treatment. Also, the optics of LED dermatoscopes produces distortion-free and brilliant images of the whole area under examination.

For instance, DL3N, developed by DermLite comes with improved visualization of both pigmented and vascular structures and is preferred by dermatologists globally. It is not only easy to use but can toggle between polarization modes while PigmentBoost mode produces warmer illumination contrasting to conventional dermatoscopes.

Therefore, the advantages offered by the LED dermatoscopes are predicted to contribute to the increasing demand for this product type thereby driving the growth of the overall dermatoscopes market during the forecast period.

North America is expected to dominate the overall Dermatoscope Market:

Among all the regions, North America is estimated to account for the largest share of the Dermatoscopes market in the year 2023. Owing to the significance of key factors such as the rising prevalence of skin-related diseases like melanoma, the presence of advanced healthcare structure, the presence of key players in the region, increasing disposable income, along with the rising government initiatives regarding disease treatment awareness, is driving North America dermatoscopes market and expected to witness positive growth.

The Centers for Disease Control and Prevention (CDC) (2023) reported that in 2019, approximately 88,059 new cases of melanomas of the skin were reported in the United States.

In another figure quoted by the Centers for Disease Control and Prevention (CDC) in 2022, approximately 4.3 million adults were treated each year on average in the United States for basal cell and squamous cell carcinomas at a cost of about $4.8 billion.

The high number of cases mentioned in the above statistics represents a high patient burden that could have been treated if early diagnosis and treatment is done. Therefore, the rising incidence of skin-related diseases in the region is expected to aid in the demand for more diagnostic and treatment procedures which would increase the demand for dermatoscopes thereby resulting in more revenue generation in the US market, ultimately leading to the growth of North America dermatoscopes market.

Also, the growing awareness initiatives by the government are anticipated to support market growth. For instance, in June 2019, the Skin Cancer Foundation launched a campaign- The Big See which includes Skin Cancer Awareness Month in May, and Melanoma Monday. Management of skin cancer and the presence of key players involved in the initiative, for manufacturing and development of advanced therapies for effective cancer treatments, boosted the demand for dematoscope, resulting in the growth of the dermatoscopes market.

Therefore, the presence of a large patient population suffering from skin-related diseases and government initiatives would further propel the growing demand for dermatoscopes, thereby resulting in an increase in product demand supporting the growth of the overall North America dermatoscopes market during the forecast period from 2024-2030.

Dermatoscope Market Key Players:

Some of the key market players operating in the dermatoscopes market include Canfield Scientific, Inc., FotoFinder Systems GmbH, DermLite, Firefly Global, Caliber Imaging and Diagnosis, Optilia Medical, Baxter, Bio-Therapeutic, HEINE Optotechnik GmbH & Co. KG, ILLUCO, Courage+Khazaka electronic GmbH, Rudolf Riester GmbH, AnMo Electronics Corporation, NIDEK CO., LTD., KIRCHNER & WILHELM GmbH + Co. KG, and others.

Recent Developmental Activities in the Dermatoscope Market:

In February 2023, AI Medical Technology announced results for a mobile application Dermalyser, showing remarkable diagnostic performance, including 95% sensitivity and 86% specificity, outperforming primary care physicians and dermatologists.

In June 2022, DermaSensor announced to raise USD10 million for the launch of its FDA-cleared, automated skin cancer detection tool in the market.

In January 2021, Casio Computer Co., Ltd. announced the release of the DZ-D100 DERMOCAMERA which allowed close-up shots with the lens directly touching the skin as well as ordinary shots, all using a single camera. The device features a function that enables quick and simple one-touch switching between polarized and non-polarized light.

In October 2019, HEINE Optotechnik GmbH & Co. KG introduced the launch of two new dermatoscopes, DELTA 30 and DELTAone in the market. They come with fully optimized achromatic optical systems that ensure crystal-clear images.

Key Takeaways from the Dermatoscope Market Report Study

Market size analysis for current dermatoscopes market size (2023), and market forecast for 5 years (2024-2030)

Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the global dermatoscopes market.

Various opportunities are available for the other competitor in the dermatoscopes market space.

What are the top-performing segments in 2023? How these segments will perform in 2030?

Which are the top-performing regions and countries in the current dermatoscopes market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for dermatoscopes market growth in the coming future?

Target Audience who can be benefited from this Dermatoscope Market Report Study

Dermatoscopes products providers

Research organizations and consulting companies

Dermatoscopes-related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in dermatoscopes

Various End-users who want to know more about the dermatoscopes market and the latest technological developments in the dermatoscopes market.

Frequently Asked Questions for the Dermatoscope Market:

1. What is a dermatoscope?

Dermatoscopes are medical devices that are used to examine the skin using skin surface microscopy. Dermatoscopy is usually used to evaluate pigmented skin lesions, diagnose skin diseases like melanoma, and increases sensitivity for skin cancer detection.

2. What is the market for global dermatoscopes?

The global dermatoscopes market was valued at USD 888.84 million in 2023, growing at a CAGR of 13.30% during the forecast period from 2024 to 2030 to reach USD 1,871.28 million by 2030.

3. What are the drivers for the global dermatoscopes market?

The demand for dermatoscopes is primarily being boosted by the increasing prevalence of skin cancer diseases, the introduction of technologically advanced products, growing awareness about skin cancer, rising preference for advanced diagnosis devices, innovation in product development, increasing product launches, and others are thereby contributing to the overall growth of the dermatoscopes market during the forecast period from 2024-2030.

4. Who are the key players operating in the global dermatoscopes market?

Some of the key market players operating in the dermatoscopes market include Canfield Scientific, Inc., FotoFinder Systems GmbH, DermLite, Firefly Global, Caliber Imaging and Diagnosis, Optilia Medical, Baxter, Bio-Therapeutic, HEINE Optotechnik GmbH & Co. KG, ILLUCO, Courage+Khazaka electronic GmbH, Rudolf Riester GmbH, AnMo Electronics Corporation, NIDEK CO., LTD., KIRCHNER & WILHELM GmbH + Co. KG, and others.

5. Which region has the highest share in the dermatoscopes market?

North America is expected to dominate the overall dermatoscopes market during the forecast period, 2024 to 2030. Factors such as the rising prevalence of skin-related diseases such as melanoma, skin lesions, and inflammatory dermatoses, high demand for sophisticated diagnostic techniques for chronic skin disorders, the introduction of technologically advanced products, and others are aiding in the growth of dermatoscopes in North America.