PUBLISHER: Verified Market Research | PRODUCT CODE: 1739553
PUBLISHER: Verified Market Research | PRODUCT CODE: 1739553
The growing rates of skin diseases like psoriasis, eczema, and skin cancer, along with a lack of dermatologists resulting in lengthy wait times for patient consultations, are the main factors driving the teledermatology market. According to the analyst from Verified Market Research, the teledermatology market is estimated to reach a valuation of USD 13.17 Billion over the forecast subjugating around USD 7.47 Billion valued in 2024.
The increasing use of telemedicine and the demand for remote healthcare access, particularly in underserved and rural areas is another key driver for the expansion of the teledermatology market. It enables the market to grow at a CAGR of 7.34% from 2026 to 2032.
Tele Dermatology Market: Definition/Overview
Teledermatology is the use of telecommunications technology to deliver dermatological care remotely. It entails the transmission of photos and medical information over a secure network to diagnose and treat skin issues. Teledermatology applications include virtual consultations, expert referrals, and home telehealth, allowing dermatologists to reach a larger patient population and deliver prompt, effective care. This technology is very effective for managing chronic skin problems like psoriasis, as well as giving second views and triage services.
The increase in global frequency of skin disorders is a primary driving force behind the teledermatology market. According to the Global Burden of Disease Study, which was published in the Journal of Investigative Dermatology in 2017, skin and subcutaneous disorders afflicted 1.9 billion people globally in 2013. The survey also discovered that skin disorders were the fourth biggest cause of nonfatal disease burden worldwide. The increased frequency of skin problems is increasing the demand for accessible dermatological care, including teledermatology services.
The rising acceptance of telemedicine, aided by the COVID-19 pandemic, has considerably increased the teledermatology market. According to the American Medical Association (AMA), telehealth adoption among physicians has climbed from 25% in 2018 to 80% by 2020. In dermatology, research published in the Journal of the American Academy of Dermatology discovered that teledermatology visits increased by 683% during the COVID-19 pandemic compared to the pre-pandemic period. This tendency is projected to continue, resulting in growth in the teledermatology market.
Furthermore, the scarcity of dermatologists, especially in rural regions, combined with long wait periods for in-person visits, is driving rising demand for teledermatology services. A 2017 study published in JAMA Dermatological discovered that the average wait time for a dermatological appointment in the United States was 32.3 days, with certain places reporting wait periods of more than 90 days. Furthermore, the American Academy of Dermatology says that there are only 3.4 dermatologists for every 100,000 persons in the United States. Teledermatology provides a solution to these access concerns, resulting in market growth.
Patient trust and acceptability are influenced by concerns regarding patient privacy, data security, and confidentiality in teledermatology. These considerations include the transfer and storage of sensitive health information, ensuring compliance with data protection legislation, and protecting against cyber threats.
The teledermatology market confronts hurdles in terms of regulatory compliance and uniformity across regions and nations. This leads to variations in service delivery and patient outcomes, which stifles market expansion and acceptance.
Furthermore, teledermatology services are not widely adopted due to limited insurance coverage and reimbursement. Patients struggle to get these services due to a lack of financial support, particularly in places where dermatologists are uncommon.
According to VMR analyst, the services segment is expected to dominate within the teledermatology market. The scarcity of dermatologists, particularly in poor and rural areas, has fueled the need for remote dermatological treatments. Teledermatology services assist in closing this gap by providing patients with rapid access to specialized care.
Teledermatology services allow for speedier diagnosis, treatment, and monitoring of skin disorders, resulting in better patient results. Real-time consultations and remote monitoring capabilities improve the quality of care provided.
Furthermore, teledermatology services provide improved convenience and accessibility for patients, allowing them to receive care from the comfort of their own homes while minimizing the need for in-person visits. This is especially useful for people with mobility limitations or who live in places with limited access to dermatologists.
The asynchronous segment is estimated to hold the largest share of the teledermatology market during the forecast period. Teledermatology requires high-quality images for accurate diagnosis. The store-and-forward strategy allows dermatologists to review detailed photos whenever they want, allowing for more extensive assessments than real-time video consultations, which may have worse image quality.
Asynchronous teledermatology makes it easier for patients in remote or underprivileged areas to upload photos and get consultations at their own pace, eliminating the requirement for real-time video visits.
Furthermore, when compared to live video consultations, the store-and-forward modality saves healthcare providers money since dermatologists need less time to analyze cases and make treatment suggestions. This makes it an attractive option for extending teledermatology services.
North America is estimated to dominate the teledermatology market during the forecast period. The increasing frequency of skin disorders in North America is a key driver of the teledermatology market. According to the American Academy of Dermatology, one in every four Americans suffers from skin disease at any given moment. According to the Centers for Disease Control and Prevention (CDC), in 2018, 36.5 million patients saw office-based dermatologists in the United States, demonstrating a significant demand for dermatological services.
The rapid use of telemedicine, fueled by the COVID-19 pandemic, has been a major driver of teledermatology in North America. According to the American Medical Association, 85% of physician respondents used telemedicine in 2021, and many said they plan to use it more in the future. Specifically, a study published in JAMA Dermatology found that teledermatology visits increased by 683% during the pandemic.
Furthermore, the uneven distribution of dermatologists, particularly in rural regions, fuels the demand for teledermatology services. According to a study published in JAMA Dermatology, the United States has only 3.4 dermatologists per 100,000 people, with rural areas having even lower ratios. According to the Health Resources and Services Administration (HRSA), there were 6,602 identified Health Professional Shortage Areas (HPSAs) for primary care in the United States in 2021, with many of them lacking appropriate dermatological care.
The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. The Asia-Pacific region has experienced a tremendous increase in smartphone usage and internet penetration, supporting the expansion of telehealth services such as teledermatology. According to the GSMA's 'The Mobile Economy Asia Pacific 2023' research, smartphone use in the region is predicted to increase to 83% by 2025, up from 75% in 2022. This ubiquitous connectivity allows more patients to receive teledermatology services remotely.
The increase in prevalence of skin illnesses in Asia-Pacific is driving up demand for dermatological treatments, particularly teledermatology. A 2021 study published in the Journal of the American Academy of Dermatology showed that the prevalence of atopic dermatitis in East Asia ranges from 7.2% to 13.1% in children and 2.1% to 11.5% in adults, indicating a sizable patient group that potentially benefit from improved access to dermatological care.
Furthermore, many Asia-Pacific countries are experiencing a dermatological shortage, particularly in rural and isolated locations. For example, the Indian Association of Dermatologists, Venereologists, and Leprologists reported in 2019 that India had only one dermatologist for per 100,000 people, with the majority located in urban areas. Teledermatology can help to overcome this gap by giving underserved populations access to professional care.
The teledermatology market is competitive, with both established industry players and nimble new entrants seeking a part of the fast-rising market. Key firms are strengthening their market position through strategic collaborations, mergers and acquisitions, and regional growth.
Some of the prominent players operating in the teledermatology market include:
MDLive
DermUtopia
FirstDerm
Ksyos
Apostrophe
Teladoc Health
American Well
Virtu
In January 2023, Teladoc Health developed a new complete digital application that allows for tailored whole-person care, such as primary care, mental health, and chronic disease management. This new app enables customers to conveniently access Teladoc's whole suite of services from a single portable account.
In July 2021, Miiskin, a digital health app, announced the launch of a new mole sizing function, allowing users to use augmented reality technology to determine whether their moles have changed size. This assists users in detecting indicators of probable skin cancer.