Dermatoscopes Market

Dermatoscopes Market Outlook (2022-2027)

As per a new Fact.MR analysis, global dermatoscope sales are currently worth US$ 1.16 billion. As per the detailed study by Fact.MR, the global dermatoscopes market is slated to expand rapidly at a CAGR of 13% to reach a market valuation of US$ 2.14 billion by 2027.

Demand for hybrid dermatoscopes is expected to rise even faster at a CAGR of 14% from 2022 to 2027.

Report Attributes	Details
Dermatoscopes Market Size (2022E)	US$ 1.16 Billion
Forecasted Market Value (2027F)	US$ 2.14 Billion
Global Market Growth Rate (2022-2027)	13% CAGR
China Market Value (2027)	US$ 373 Million
Key Companies Profiled	Canfield Scientific, Inc. 3Gen Inc. FotoFinder Systems, Inc. Optilia HEINE Optotechnik GmbH & Co. KG Caliber Imaging & Diagnostics, Inc. Firefly Global ILLUCO Corporation Ltd. Welch Allyn Bio-Therapeutic, Inc.

Worldwide Dermatoscope Sales Analysis (2017-2021) Vs. Market Forecasts (2022-2027)

Dermatoscopy, sometimes referred to as dermoscopy or epiluminescence microscopy, is a non-invasive, in-vivo method for examining skin lesions with a device called a dermatoscope. Although they are occasionally used to identify other skin problems, dermatoscopes are the usual tool for the initial evaluation of skin conditions.

Dermoscopic images can be captured on film or digitally recorded and stored for further analysis. A digital epiluminescence dermatoscope is used to digitally process images or movies. A magnifying lens and a light source are included in the dermatoscope for improved viewing of underlying skin characteristics.

There are various types of dermatoscopes, including polarized & non-polarized dermatoscopes, digital & smartphone dermatoscopes, USB dermatoscopes, and analogue & digital dermatoscopes. Epiluminescence Microscopy (ELM) is another name for analogue dermoscopy.

Primary drivers of the dermatoscope market expansion are the growing cases of skin cancer, rising skin cancer awareness, technological advancements in R&D activities for dermatoscope product development, and the strong demand for dermatology to improve a person's aesthetic look.

Another factor anticipated to promote the growth of the global dermatoscopes market is the rising demand for dermatoscopes from dermatology clinics due to their widespread use in the treatment and diagnosis of various disorders including scabies, moles, and fungal infections. Demand for ophthalmoscopes is also expected to expand rapidly due to rising disorders related to the eyes.

Expanding at a high-value CAGR of 13%, the global dermatoscopes market is projected to reach a size of US$ 2.14 million by 2027, says Fact.MR, a market research and competitive intelligence provider.

What Market Aspects are Influencing Sales of Dermatoscopes?

“Rising Cases of Skin Disorders & Craze to Look Beautiful Driving Demand for Dermatoscopes”

As a result of increased public awareness of skin cancer, demand for diagnostics connected to dermatology has increased significantly. The negative impacts of skin cancer are being made more widely known through several awareness campaigns.

• For instance, the National Skin Cancer Action Week, held each year, and the Cancer Council Australia and the Australasian College of Dermatologists, work together to spread awareness regarding skin cancer and skin problems.

During the anticipated timeframe, these activities are expected to accelerate dermatoscope sales.

Introduction of technologically-advanced dermatoscope products has increased over the past few years, which has resulted in the wide availability of many diagnostic instruments for the diagnosis of skin problems. Video dermatoscope tools are being used by medical experts to identify a variety of skin conditions, and they have proven to be much more efficient and productive than traditional dermatoscopy techniques.

Over the forecast period, it is anticipated that the main driver propelling the growth of the video dermatoscope market will be the rising prevalence of skin lesions brought on by infections and skin cancer. The market of imaging devices is also expected to expand due to the introduction of technological improved devices.

However, it is anticipated that increasing interest in dermatology to improve aesthetic appearance will also fuel market expansion throughout the projected timeframe.

“Availability of Alternative Solutions & High Manufacturing Cost May Hamper Sales of Dermatoscopes”

On the other hand, dermatoscopes are becoming less accessible to people in underdeveloped countries as a result of the rapid improvements in technology, which increases production costs. Thus, it is projected that this will impede market expansion.

Also, the development of biological agents for the detection of melanoma and the availability of alternative solutions such as SPECT and PET are some significant factors anticipated to restrain the sales of dermatoscopes to some level.

What Opportunities Await New Market Entrants?

“Rising Awareness of Skincare, Irrespective of Gender, Driving Firms for Continuous Innovations in Dermatoscopes Industry”

Over the coming years, a significant rise is expected in the demand for dermatoscopes globally. The general public's growing interest in skin-improvement operations has created new opportunities for the sector to expand.

Skincare is a topic that both men and women are getting more concerned with. Additionally, the emergence of well-known imagery based on personal grooming has thrust cosmetic products to the forefront of the general public's consciousness.

Dermatology has advanced significantly in recent years, creating new opportunities for the global market for dermatoscopes. The development of innovative therapeutic interventions for skin diseases and rashes by dermatoscope manufacturers is driving the market's expansion.

Which Regions Generate High Revenue for Dermatoscope Manufacturers?

“North America & Asia Pacific Profitable Markets for Suppliers of Dermatoscopes Due to Rising Skin-related Disorders & Presence of Top Firms”

Over the forecast period, North America's market for dermatoscopy is anticipated to maintain its dominance in the global market. The dominance can be linked to rising skin cancer prevalence, a spike in cosmetic sector demand, and the presence of big companies in the region.

Due to the widespread use of technologically-advanced equipment for the diagnosis of skin cancer, inflammatory dermatoses, and lesions, particularly in Germany, Europe is predicted to hold a sizable share of the market. The rise in skin-related illnesses in the United Kingdom is a factor in the expansion of the regional market.

Due to the high frequency of actinic keratosis, basal cell carcinoma, melanoma, squamous cell carcinoma, and non-pigmented skin lesions in the region, Asia Pacific market is predicted to expand at a high CAGR during the next 5 years.

Country-wise Analysis

Will the U.S. Be a High-Growth Market for Digital Dermatoscope Suppliers?

“Rising Dermatological Operations to Look Good Boost Sales of Digital Dermatoscopes”

Over the next five years, it is predicted that the U.S. market would expand at an impressive CAGR. Some of the main reasons influencing the market in the U.S. are an increased emphasis on looking attractive, high beauty standards set by social celebs, an increase in skin cancer and other skin disorders, and an increase in the use of advanced technology in dermatological operations.

As demand for dermatological operations rises, the sales of digital dermatoscopes are also expected to increase.

• According to the American Academy of Dermatology (AAD), one in three Americans consult dermatologists each year, and one in four have skin problems.

Therefore, there is a great demand for sophisticated diagnostic tools for chronic skin illnesses because there is a strong need to cure these conditions and reduce the number of deaths brought on by them.

Will Technological Advancements Complement Dermatoscope Sales in India?

“Introduction of AI in Dermatoscopes Results in Effective Treatment Process, Which Subsequently Boosts Dermatoscope Demand”

The India market for dermatoscopes is expected to expand at a strong CAGR from 2022 to 2027. An increase in the frequency of common dermatological issues such as infections (pyoderma, molluscum contagiosum, warts, etc.) and infestations (such as pediculosis capitis and scabies) supports dermatoscope sales.

Also, 30% of all outpatient visits to a pediatrician are for dermatological issues that present as primary and secondary cutaneous complaints. As a result, medical professionals are using dermatoscopes outfitted with cutting-edge technology, such as artificial intelligence, to deliver more effective treatment.

Category-wise Analysis

What Makes Hybrid Dermatoscopes Highly Popular?

“Dual Qualities of Hybrid Dermatoscopes Make them Beneficial Tool for Medical Professionals”

Hybrid dermatoscope sales are expected to expand at a CAGR of 14% from 2022 to 2027. Hybrid dermatoscopes are anticipated to increase profitably during the next 5 years.

These cutting-edge medical gadgets have characteristics of both contact and non-contact dermatoscopes. For imaging purposes, they also combine polarized and non-polarized modes.

• A hybrid dermatoscope called the Dermlite DL200, designed by 3Gen Company, incorporates non-polarized and polarized illumination for improved viewing of vascular systems and pigment.

Why is Demand for Handheld Dermatoscopes So High?

“Easy to Use & Ability to Grasp Diverse Problems Make Handheld Dermatoscopes Highly Popular”

Due to the easy use of these items, handheld dermatoscopes are predicted to dominate the industry during the forecast period. Dermatologists can better grasp diverse problems due to their improved visualization.

These instruments offer a better viewing experience than trolley-mounted dermatoscopes and are lighter, which has led to an increase in their use.

It is predicted that the high cost and portability of trolley-mounted devices will limit their market expansion. They can, however, be used to monitor and map out a variety of skin conditions and lesions. These gadgets are made to take pictures of the full body in a few quick clicks, including the entire skin surface.

Due to its innovative technologies, headband dermatoscopes are predicted to see a substantial CAGR during the forecast period. Dermatologists use these on their heads to spotlight skin blemishes on patient's skin.

Competitive Landscape

Strategic activities including mergers and acquisitions, new product development, and global expansion are regularly adopted by major companies of dermatoscopes.

• For instance, Canfield's VECTRA WB360 whole-body skin lesion mapping system was commercially introduced in March 2017.
• Swift Medical announced the release of Swift Skin and Wound in September 2021. Patients and researchers would be able to use their smartphones to take precise photos of skin issues as a result.

Key Segments Covered in Dermatoscopes Industry Research

• By Product :

  • Contact Dermatoscopes
  • Hybrid Dermatoscopes
  • Non-contact Dermatoscopes

• By Technology :

  • LED
  • Xenon
  • Halogen
  • Ultraviolet

• By Modality :

  • Handheld
  • Trolley-mounted
  • Headbands

• By End User :

  • Dermatology Clinics
  • Hospitals
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA