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

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).

Teledermatology is a branch of dermatology that uses telecommunications and digital medical information to diagnose, monitor, and treat skin disorders like eczema, melanoma, and psoriasis. Teledermatology has a variety of uses, including medical teaching and healthcare management. Direct consultation, telediagnosis, and tele homecare are just a few examples of healthcare management. In direct consultation, the patient makes a telephone call to a dermatologist to schedule an appointment for a consultation, diagnosis, and therapy. In these types of appointments, mobile applications play a big role. Telediagnosis employs a triage tool that employs artificial intelligence (AI) software to forecast patient outcomes based on predictive data in the AI system database.

Telehomecare, often known as home telehealth, entails remote skin examinations from the convenience of one's own home. Patients with skin disorders such as psoriasis, chronic ulcers, and others frequently use telehomecare for follow-up treatment. Teledermatology employs a variety of communication technologies to extend a dermatologist's reach to individuals who require their expertise. Teledermatology is essentially asynchronous (store-and-forward), with photos being stored on digital devices such as cell phones and PCs and then sent electronically to a recommending dermatologist. The market is expected to increase at a healthy rate throughout the projected period, owing to rising prevalence of skin disorders caused by the ageing population and a scarcity of dermatologists. As a result, patients must wait a lengthy period to receive treatment.

The COVID-19 outbreak and consequent lockdown in various nations around the world has wreaked havoc on businesses across the globe. Due to strict lockdown in some areas, the COVID-19 pandemic has had a substantial impact on the healthcare industry's whole supply chain. The COVID-19 pandemic, on the other hand, is expected to have a positive impact on the teledermatology business due to the need for non-contact healthcare solutions to control the spread of COVID-19 illness.

Sakhiya Skin Clinic, an Indian dermatological clinic, for example, announced a free skin care consultation and treatment service via real-time teledermatology in April 2020, wherein the patient and the dermatologist would discuss medical information regarding the skin issues via video conference. Such teledermatology service launches aid market players in combating the COVID-19 pandemic by providing patients with contactless dermatological care and reducing the risk of COVID-19 transmission through human contact.

US Teledermatology Market is poised to grow at a sustainable CAGR for the next forecast year.