Market Size of Dermatoscopes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dermatoscopes Market Analysis
The dermatoscopes market is expected to register a CAGR of 11.8% over the forecast period.
Due to the high transmission rate of COVID-19, many countries across the world have suffered in terms of the country's economy and their healthcare system. The dermatology market observed some indirect and direct impacts of COVID. For instance, according to a research study published in Dermatologic Therapy Journal in October 2020, the management of dermatological diseases was quite difficult during the pandemic period. The recommended treatments and patient followups were redesigned. Approximately half of the patients with chronic skin diseases reduced or discontinued the treatment during the pandemic.
The increasing prevalence of skin diseases including skin cancer is anticipated to drive the demand for dermatoscopes during the forecast period. According to the report published by International Agency for Research on Cancer, the incidence of non-melanoma skin cancer was 1.2 million cases across the world in 2020. Similarly, melanoma cancer affected around 324,000 patients in 2020. 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, the increasing research and development by the research institutes and market players in order to cater to the unmet needs related to skin disease diagnostics are anticipated to drive market growth. For instance, In July 2022, Sklip Inc announced FDA approval for the Sklip System AI tool, it can be manually attached to the smartphone or tablet without the need for an adapter. When aligned with the phone camera, the device allows the user to take HD images of their moles.
Therefore, owing to the increasing prevalence of skin diseases along with the increasing R&D in dermatoscopes to drive market growth. However, the high cost of dermatoscopes & presence of alternative diagnostic tools to hamper the market growth.
Dermatoscopes Industry Segmentation
As per the scope of the report, dermatoscopes are the devices used to examine the skin surface. These devices are commonly used by dermatologists to detect the skin diseases such as skin cancer. The dermatoscopes market is segmented by Product (Contact Dermatoscopes, Noncontact Dermatoscopes, and Hybrid Dermatoscopes), Technology (LED, Xenon, Halogen, and Ultraviolet), Type (Handheld, Trolley Mounted, and Headband), Application (Skin Tumors, Scabies, Warts, Fungal Infections, and Other Applications), End User (Dermatology Clinics, Hospitals, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Product | |
| Contact Dermatoscope | |
| Noncontact Dermatoscope | |
| Hybrid Dermatoscope |
| By Technology | |
| LED | |
| Xenon | |
| Halogen | |
| Ultraviolet |
| By Type | |
| Handheld | |
| Trolley Mounted | |
| Headband |
| By End User | |
| Dermatology Clinics | |
| Hospitals | |
| Other End Users |
| Geography | ||||||||
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Dermatoscopes Market Size Summary
The dermatoscopes market is poised for significant growth, driven by the increasing prevalence of skin diseases, including skin cancer, and the rising awareness campaigns by major players and non-profit organizations. The market is experiencing a surge in demand due to the growing need for effective diagnostic tools in dermatology, particularly as the incidence of skin cancer continues to rise globally. The pandemic has had a mixed impact on the dermatology sector, with challenges in managing dermatological diseases and a temporary reduction in treatment adherence among patients with chronic skin conditions. However, the ongoing research and development efforts by market players and research institutes are expected to address unmet needs in skin disease diagnostics, further propelling market expansion.
Technological advancements and product innovations in dermatoscopes, particularly in the contact dermatoscopes segment, are also contributing to market growth. The increasing geriatric population, which is more susceptible to skin aging and related conditions, is boosting demand for these devices. North America is anticipated to dominate the market, supported by a well-established healthcare sector, the presence of key industry players, and a high incidence of skin diseases. The competitive landscape is moderately fragmented, with several international and regional companies vying for market share. Strategic expansions and acquisitions, such as HEINE Optotechnik's production capacity expansion and Canfield Scientific's acquisition of Medici Medical, are indicative of the dynamic nature of the market.
Dermatoscopes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Skin Cancer
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1.2.2 technological advancements in Dermatoscope
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1.2.3 Rising Awareness about the Skin diseases
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1.3 Market Restraints
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1.3.1 High cost of Dermatoscopes & Presence of Alternatives
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Contact Dermatoscope
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2.1.2 Noncontact Dermatoscope
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2.1.3 Hybrid Dermatoscope
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2.2 By Technology
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2.2.1 LED
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2.2.2 Xenon
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2.2.3 Halogen
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2.2.4 Ultraviolet
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2.3 By Type
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2.3.1 Handheld
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2.3.2 Trolley Mounted
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2.3.3 Headband
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2.4 By End User
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2.4.1 Dermatology Clinics
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2.4.2 Hospitals
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2.4.3 Other End Users
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Dermatoscopes Market Size FAQs
What is the current Dermatoscopes Market size?
The Dermatoscopes Market is projected to register a CAGR of 11.80% during the forecast period (2024-2029)
Who are the key players in Dermatoscopes Market?
Caliber Imaging & Diagnostics, Firefly Global , ILLUCO Corporation Ltd. and Welch Allyn are the major companies operating in the Dermatoscopes Market.
