Global Teledermatology Market

Teledermatology Market Size, Share, Growth Analysis, By Type(Services, Products), By Modality(Store-and-Forward (Asynchronous), Real-time (Synchronous), Others), By End Users(Healthcare Facilities, Home Care), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2192 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 88 | Figures: 76

Teledermatology Market Competitive Landscape

Due to the presence of large corporations, the Telemedicine business is moderately consolidated. As the business matures, market participants are concentrating on mergers and strategic alliances. To capitalize on and grow their market share, companies are making strategic decisions to develop new platforms. The emergence of teledermatology-focused businesses will increase market competition because of the growing number of startups and the extensive distribution networks of major corporations in developed and developing nations, the market is fragmenting. The key players operating in the market are FirstDerm, Maple, MetaOptima, Ksyos, Nihon3Gen, 3Derm, and others.

Teledermatology Market Top Players Company Profiles

  • MDLIVE Inc
  • 3Gen Inc.
  • 3M Health Information Systems
  • AMD Global Telemedicine, Inc.
  • Aerotel Medical Systems Ltd.
  • Canfield Scientific Inc.
  • Cisco Systems, Inc.
  • Clarity Imaging Technologies, Inc.
  • CompuGroup Medical AG
  • CureMD Healthcare
  • Dermatology Consultations, LLC
  • FirstDerm
  • Honeywell International Inc.
  • Medtronic
  • MetaOptima Technology Inc.
  • Philips Healthcare
  • Ping An Healthcare Management Co. Ltd.
  • Siemens Healthcare
  • Welch Allyn Inc.
  • Zipnosis Inc.

Teledermatology Market

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Teledermatology Market size was valued at USD 12.7 billion in 2019 and is poised to grow from USD 15.3 billion in 2023 to USD 67.43 billion by 2031, growing at a CAGR of 20.4% in the forecast period (2024-2031).

Due to the presence of large corporations, the Telemedicine business is moderately consolidated. As the business matures, market participants are concentrating on mergers and strategic alliances. To capitalize on and grow their market share, companies are making strategic decisions to develop new platforms. The emergence of teledermatology-focused businesses will increase market competition because of the growing number of startups and the extensive distribution networks of major corporations in developed and developing nations, the market is fragmenting. The key players operating in the market are FirstDerm, Maple, MetaOptima, Ksyos, Nihon3Gen, 3Derm, and others. 'MDLIVE Inc', '3Gen Inc.', '3M Health Information Systems', 'AMD Global Telemedicine, Inc.', 'Aerotel Medical Systems Ltd.', 'Canfield Scientific Inc.', 'Cisco Systems, Inc.', 'Clarity Imaging Technologies, Inc.', 'CompuGroup Medical AG', 'CureMD Healthcare', 'Dermatology Consultations, LLC', 'FirstDerm', 'Honeywell International Inc.', 'Medtronic', 'MetaOptima Technology Inc.', 'Philips Healthcare', 'Ping An Healthcare Management Co. Ltd.', 'Siemens Healthcare', 'Welch Allyn Inc.', 'Zipnosis Inc.'

Increased awareness among patients and providers is one of the key drivers of market expansion. In a 2020 poll conducted by the National Business Group on Health, more than 96% of companies in the United States with 500 or more employees stated that they will provide insurance coverage for telehealth services by 2019. According to One Touch, virtual care is appropriate for all user types in any healthcare context. As a result of the surge in video telehealth during a pandemic, Telehealth announced the release of Version 5.0 of its software in November 2020, virtual care is appropriate for each user type in any healthcare context. This has aided the growth of the telehealth market.

Artificial Intelligence (AI) will be used to drive market growth. The adoption of artificial intelligence is one of the key trends driving market growth. Healthcare organizations are rapidly expanding telemedicine systems and welcoming long-distance consultations. Through teledermatology, new developments in deep learning, a type of artificial intelligence (AI), have been used to diagnose cases of melanoma from lesion photos.

The market in North America is likely to be driven by the presence of numerous large-scale businesses such as Dermatologists On Call and MD Live, as well as significant government backing and an increase in teleconsultations. The COVID-19 epidemic has accelerated reforms and acceptance of telehealth by governments, doctors, health systems, and insurance firms across all regions, which is projected to drive the market in the forecast term. Even in India, which has lagged behind in telehealth reform, the Ministry of Health and Family Welfare, in collaboration with NITI Aayog, established official guidelines for telemedicine practices in March 2020.

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Global Teledermatology Market

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