COVID-19 Impact on Global Tele dermatology Market By Component (Software and Services); By End User (Providers, Payers, Patients and Other End Users); By Application (Tele-radiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology and Other Applications) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030

Product Overview

Teledermatology is a groundbreaking method of providing dermatology services, covering remote areas impartially, and enabling dermatologists or primary care practitioners to support patients by referring them to local dermatology centers. It can be carried out in real-time using video-conferencing devices and store-and-forward methods in two ways. One can store the transferred photographs and videos of a patient's clinical history. More clinical patient data can be provided by real-time teledermatology. Store and forward approaches have greater diagnostic precision compared to video assistance consultation and are also cheaper for the health care provider, but require more time to provide a diagnosis. Video conferencing is used mainly for conferences on medical cases and for educational purposes.

Market Highlights

Global Tele Dermatology Market size was registered at USD 5.25 billion in 2019 and is estimated to reach USD 13.48 billion by 2030, registering a CAGR of 9.15% from 2020 to 2030. One of the major reasons for embracing teledermatology services and investing in the telemedicine industry is government efforts to minimize healthcare costs and expand specialty healthcare. The project would fill the digital divide and help to introduce high-speed internet to organizations including colleges, hospitals, and government agencies. These interventions will support the promotion of teledermatology over the forecast span. The development of the telecommunications and IT sector would dramatically improve the growth of the global teledermatology industry. Increasing trends in online education and remote consulting have given a boost to the industry, as many institutions provide online consulting and education platforms. Various private health consulting firms also play significant roles worldwide in delivering diagnostic services.

                         Global Teledermatology Market Opportunity Analysis

Source: Fatpos Global

Global Teledermatology Market: Segments

Global Teledermatology Market is segmented based on component, end-user, application, and region.

By Component (in %), Global Teledermatology Market, 2019

The software segment is anticipated to register XX% of the market share during the forecasted period.

By component, the market can be segmented into software and services. The software and services segment accounted for the largest share of the global telehealth market owing to the increasing adoption of telehealth solutions across the globe.

By End User (in %), Global Teledermatology Market, 2019

The provider segment accounted for XX% of the nation’s volume in 2019

The end-user segment can be classified into Providers, Payers, Patients, and Other End Users. Owing to the increased acceptance of remote care in critically ill and elderly patients, innovations in telehealth monitoring systems, and the increased number of the-specialty services provided by providers, the provider segment accounted for the largest share of the global telehealth sector.

By Application (in %), Global Teledermatology Market, 2019

The Teledermatology segment is anticipated to register XX% of the market share during the forecasted period.

By application, the market can be segmented into Tele-radiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology, and Other Applications. Due to factors such as the increase in imaging practices, the increase in Teledermatology workflow adoption by healthcare providers, and the streamlining and regulation of tele-dermatology of practices, the tele-dermatology segment accounted for the highest share of the global telehealth and telemedicine market.

Source: Fatpos Global

Global Teledermatology Market Dynamics:

Increasing online education trend and its various benefits to increase the market growth

Increasing trends in online education and remote consulting have given a boost to the industry, as many institutions provide online consulting and education platforms. Various private health consulting firms also play significant roles worldwide in delivering diagnostic services. Teledermatology is also used to provide telemedicine services for the armed forces in military assistance. Teledermatology is more effective in tough conditions such as its use in the sea, in jails, and ambulances on the move. The main growth factor for the global Teledermatology Market is the vast use and benefits of teledermatology. One of the major reasons for embracing teledermatology services and investing in the telemedicine industry is government efforts to minimize healthcare costs and expand specialty healthcare. The project would fill the digital divide and help to introduce high-speed internet to organizations including colleges, hospitals, and government agencies. These interventions will support the promotion of teledermatology over the forecast span. The development of the telecommunications and IT sector would dramatically improve the growth of the global teledermatology industry.

Low acceptance level and lack of knowledge to hinder the market growth

One of the major challenges to the growth of telemedicine is low acceptance levels in developed countries. Owing to a lack of knowledge and understanding, patients from developed countries reject certain forms of services. Slow internet connections are also the key constraints of the development of the teledermatology industry, with a lack of machine knowledge.

Global Teledermatology Market: Regions

In terms of value and volume, North America accounted for XX% of total market volume share in 2019

Of all countries, the North American market is expected to remain dominant over the forecast period. In favor of the regional market, the presence of several large-scale companies in several countries around this region will arise. The outbreak of coronavirus will have a major impact on regional market growth in the coming years, particularly due to the growing demand for telemedicine tools in the last few months. Raising awareness about the use of online platforms will likely encourage manufacturers in this area even after the pandemic, and that will consequently affect market development.

The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.

Source: Fatpos Global

Global Teledermatology Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – United States and Canada

• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Teledermatology Market: Impact of COVID-19

Global pandemic COVID-19 has become global stress, not just for human lives, but also for industries across different industry verticals. The COVID-19 disease has infected several million people globally, with an increasing number of active cases daily, the duration of the pandemic is still difficult to predict. To account for the rapid spread of the disease, governments around the world are obliged to take stringent steps to curtail the spread of the disease. As a result, the stringent lockdowns and social distancing activities introduced worldwide compelled people to stay indoors. This has definitely not been the case for teledermatology firms, although the pandemic has had a challenging impact on many industries. For the growth of the overall Global Teledermatology Market in the past few months, the increase in the use of concepts such as telehealth and telemedicine has boded well.

Global Teledermatology Market: Competitive landscape

New technological advancements in the Global Teledermatology Market, as well as large production output of the product by key players, are likely to increase the market growth. In the telecommunications industry, rapid advances such as the launch of 4 G LTE and further studies have also provided numerous opportunities for the Global Teledermatology Market. In developing nations, teledermatology is introduced primarily to fill the void in cost-effectiveness and specialty treatment.

Global Teledermatology Market: Key players

• Honeywell Life Care Solutions
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• McKesson Corporation
• Aerotel Medical Systems
• AMD Global Telemedicine INC
• Allscripts Healthcare Solutions Inc.
• Click Diagnostics
• Philips Healthcare
• Dermlink
• Iagnosis 
• Other prominent players

Global Teledermatology Market report also contains analysis on:

• Global Teledermatology Market segments: -
• By Component:
  • Software
  • Services
• By End User:
  • Providers
  • Payers
  • Patients
  • Other End Users
• By Application:
  • Teleradiology
  • Tele-consultation
  • Tele-ICU
  • Tele-stroke
  • Tele-psychiatry
  • Tele-dermatology
• Other Applications 
• Global Teledermatology Market dynamics
• Global Teledermatology Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints