The Global Dermatoscope Market is projected to witness a rise in its revenue from US$ 125.9 Mn in 2021 to US$ 233.2 Mn by 2027. The market is registering growth at a CAGR of 10.8% over the forecast period 2022-2027. In terms of volume, the market is experiencing a CAGR of 8.5% during the forecast period. Dermatoscopy, also known as skin surface microscopy, and epiluminescence microscopy, is the examination of skin lesions using a device called dermatoscope. Dermatoscopy is most often used to aid in diagnosing skin cancer. It is non-invasive and painless. A Dermatoscope is a small, handheld device that both illuminates and magnifies, allowing the physician to see structures of the skin not visible to the naked eye. It can also help a person examine the scalp, hair, and nails. Dermatoscopy is used most often to help identify cancerous skin lesions, such as melanoma or basal cell carcinoma.
The global market is majorly driven by factors such as the rise in the prevalence of melanoma cancer and growth in research and development activities and funding for research areas. Melanoma, also known as malignant melanoma, is a type of skin cancer that develops from the pigment-producing cells known as melanocytes. In the United States, melanoma occurs about 1.6 times more often in men than women. Worldwide, more than 3,24,000 people were diagnosed with melanoma in the year 2020. The incidence rate of melanoma cancer in children and adults has dramatically increased by over 250% in the last four decades. Among these, the young females are comparatively more prone to the development of disease in their adult life period. Melanoma accounts for most of the deaths from skin cancer in the US. Thus, the rising prevalence of skin cancer and other skin diseases contributes significantly to the high demand for dermatoscope. Furthermore, rising research and development activities and funding have accelerated the overall market growth. In addition, the introduction of advanced dermatology devices by major market players and updating of technology in the devices will create an opportunity for market growth during the forecast period. However, the high cost of cancer treatment and the availability of alternatives such as single-photon emission computed tomography (SPECT) and positron emission tomography (PET) are estimated to hamper the market growth.
Report Summary
The study of the Global Dermatoscope Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the dermatoscope industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Dermatoscope Market across 13 Chapters and 162 pages. The report includes data presentation across 39 tables and 52 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the bargaining power of buyers is moderate and the intensity of rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as type, application, and region. The report includes a detailed study of the value chain of the industry. It includes component providers, device manufacturers, distributors, and dermatology service providers. The report also covers extensively the key competitors in the global dermatoscope market. Further, apart from the regional analysis, the report also provides the regional analysis of the dermatoscope market of Singapore and other ASEAN countries.
Key Takeaways from the Global Dermatoscope Market Report
Impact of COVID-19
Covid-19 and the associated lockdown led to the closure of non-essential services. The outbreak had a negative impact on most dermatology services, with a considerable reduction in appointment time for chronic patients and a higher probability of missed melanoma and non-melanoma skin cancer (NMSC) diagnoses. This led to a downturn in revenue of the Global Dermatoscope Market during the pandemic. However, the treatments postponed due to the pandemic are taking place during the post-pandemic times, and further, the rise of online dermatology treatments is anticipated to drive the market in the future.
Competitive Insight
The key players in the Global Dermatoscope Market are Metaoptima, Firefly global, Caliber ID, FotoFinder, KaWe, Dermlite, Heine, Dino-Lite, Canfield Scientific, WelchAllyn, and AMD Global among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip in the stabilized market scenarios. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
The global Dermatoscope Market is segmented based on type, application, and region. These segments are further subdivided to get a holistic picture of the market. The following are the different segments of the Global Dermatoscope Market:
By Type segment of the Global Dermatoscope Market is sub-segmented into:
By Applications segment of the Global Dermatoscope Market is sub-segmented into:
By Region segment of the Global Dermatoscope Market is sub-segmented into:
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 125.9 Mn |
Expected Revenue in 2027 | US$ 233.2 Mn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Unit | Value (USD Mn) |
CAGR | 10.8% |
Segments covered | By Type, Applications, and Region |
Key Companies | Metaoptima, Firefly global, Caliber ID, FotoFinder, KaWe, Dermlite, Heine, and other prominent players. |
Customization Scope | Get your customized report as per your preference. Ask for customization |
Dermatoscopes are used for the examination of skin lesions. It is non-invasive and painless.
Dermatoscope is a handheld device that illuminates and magnifies allowing the physician to see structures of the skin not visible to the naked eye. It can also help a person examine the scalp, hair, and nails.
Dermatoscope is used most often to help identify cancerous skin lesions such as melanoma or basal cell carcinoma.
The Global Dermatoscope Market was valued at US$ 125.9 Mn in 2021.
Global Dermatoscope Market is estimated to expand at a CAGR of 10.8% over the forecast period.
The market is majorly driven by factors such as rise in prevalence of melanoma cancer and growth in research and development activities and fundings for research areas.
The high cost of cancer treatment and the availability of alternatives such as SPECT and PET are estimated to hamper the market growth.
The introduction of advanced dermatology devices by major players and updating of technology in the devices will create an opportunity for the market growth during the forecast period.
Global Dermatoscope Market is segmented based on type and application.
Traditional dermatoscopes dominates the Global Dermatoscope Market in 2021.
Clinics have the highest share in the Global Dermatoscope Market in terms of application.
Europe dominates the Global Dermatoscope Market.
The key players in the Global Dermatoscope Market are Metaoptima, Firefly global, Caliber ID, FotoFinder, KaWe, Dermlite, Heine, Dino-Lite, Canfield Scientific, WelchAllyn, and AMD Global among others.