According to Goldstein Research, “Rapid digitization and shortage of physicians in remote areas has provided the opportunity for teledermatology to spread its reach to millions of patients.” Teledermatology can bridge the gap between rural and urban areas by providing low-cost consultation and diagnosis facilities to the remotest areas via high-speed internet and telecommunication.
The global teledermatology market is segmented based on mode of services, by service providers and by end users. End users segment is further bifurcated into hospitals, clinics and medical universities. The hospitals and clinics accounted for the highest revenue share in 2016. In hospitals teledermatology offers faster access to dermatology specialist and decreased treatment turnaround.
Global teledermatology market valued USD 4.4 billion in 2016 and is projected to reach USD 8.6 billion by the end of 2024. Further, teledermatology market is expected to expand at a CAGR of 8.7% during the forecast period i.e. 2016-2024.
According to World Health Organization (WHO), the regions of South East Asia, Europe and the Americas generally had the largest proportion of countries with teledermatology services. In Asia and Australasia, the rollout of public health care programs coupled with rising healthcare expenditures expected to drive the growth of teledermatology market in Asia Pacific region. The strongest growth in healthcare expenditures will be in India with 15.2 % annually with China following at 12.5 % annually.
Advancing Telecommunication Technology: Major Boost
Information and communication technologies are providing great opportunities to address some of the challenges faced by the both developed and developing countries in providing cost-effective, accessible and high-quality health care services. Connecting remote areas via teledermatology may prove to be cost-effective way of delivering health care to these regions, when compared with the high investment alternatives such as constructing medical facilities and hiring clinicians. Moreover, such systems have great potential and applicability in context of disasters where telecommunication can provide communication and medical solutions between expert trauma centres and colleagues at the site.
“Global Teledermatology Market Outlook 2024” contains detailed overview of the global teledermatology market in terms of market segmentation by mode of services type, by service provider type and by end users.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Teledermatology Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Honeywell Life Care Solutions, Philips Healthcare, AMD Global Telemedicine INC, GE Healthcare, Aerotel Medical Systems, Click Diagnostics etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global teledermatology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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