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The assessment of skin by employing a dermatoscope is recognized as dermatoscopy. A video dermatoscope is used to take the digital images that are stored and evaluated on a computer screen with imagery. Video dermatoscope can also be utilized for assessment of the before and after plastic surgery. Some of the advanced dermatoscopes can be employed and used as telemedicine as these devices facilitate distant healthcare providers to view close and live digital images of the patients. In general, the market is growing due to the increase in the prevalence of skin disorders, psoriasis, melanoma, and growing skin care awareness.
The increase in the incidences and the prevalence of skin lesions, psoriasis, and skin cancer (melanoma) are the main factors driving the growth of the market. According to the American Melanoma Foundation, almost 9,500 people in the U.S. are estimated to be diagnosed with skin cancer every day. Moreover, overall incidence is expected to rise by about 70% over the next two decades. The overall growth of the market can be attributed to the growing awareness among people about skin cancer, escalating cancer research and development activities, rising adoption of technologically advanced products.
Key Market Driver -
Growing prevalence of skin diseases and growing awareness about available treatments
Key Market Restraint -
Lack of skilled dermatologists and limited spending on skin care therapies in developing regions
However, the lack of skilled professionals for the identification of abnormal skin lesions and the availability of low cost video dermatoscopes may obstruct the market growth.
Globally, the video dermatoscope market can be segmented on the basis of product type, application, end-users, and region. Based on the product type, the market can be segmented into mercury video dermatoscope, aneroid video dermatoscope, and digital dermatoscopes. Based on Based on the application, the market can be segmented into cosmetics, skin care, and others. Based on the end-users the market can be segmented into hospitals, specialty clinics, and others.
Geographically, the video dermatoscope market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Some of the major companies that are present in the video dermatoscope market are Caliber Imaging & Diagnostics, Dynamify GmbH, DermoScan GmbH, Firefly Global, FotoFinder Systems, Inc., HEINE Optotechnik GmbH & Co. KG, Adamo srl., NIDEK CO., LTD., Optomed Plc., and other prominent players.
Geographically, the video dermatoscope market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North American region is likely to hold the lion’s share of the market and is anticipated to follow the same trend in the forecast period. The market in this region is dominant due to the increase in the incidences of skin cancer, growing adoption of technologically advanced products, and increase in the R&D activities. Moreover, presence of superior healthcare infrastructure, rising awareness among people regarding skin diseases are also driving the market in this region. Europe is projected to hold the second most lucrative market throughout the forecast period. The factors such as growing adoption of inventive medical devices, increase in the prevalence and incidence of skin cancer, growing desire to look young, of chronic diseases and higher healthcare expenditure in this region are likely to boost the growth of the market in this region. However, Asia-Pacific holds the high potential for the growth of the market and it is anticipated to register higher CAGR. The growth of the market can be attributed to the increase in the incidences of skin cancer, rising awareness, growing expendable income, increase in the purchasing power and the adoption of innovative medical devices, are the major factors driving the growth of the market in this region. The market in Latin America and the Middle East and Africa are expected to grow moderately in the forecast period. The market in these region is expected to grow due to the growing availability of dermatologists, rising healthcare infrastructure and market penetration by key players.
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