The global dermatoscopes market size was USD 815 million in 2022 and is likely to reach USD 2,260 million by 2031, expanding at a CAGR of 12% during 2023–2031. The market growth is attributed to the rising prevalence of various skin disorders and efforts taken to reduce the mortality rates, due to skin cancer.
Increasing prevalence of chronic skin conditions is driving the demand for dermatology treatments. Dermatologists are adopting innovative dermatoscopes to effectively examine and prescribe accurate treatment to patients. Globally, numerous individuals are getting diagnosed with different skin issues such as skin cancer, actinic keratosis, atopic dermatitis, and psoriasis. These skin conditions are expected to further increase in the coming years, due to several factors such as pollution, harmful sunlight exposure, and unhealthy diets.
The dermatoscopes market is further driven by various developments taking place in the product manufacturing process. This is owing to the increasing demand for reliable and accountable devices by dermatologists, for treating chronic skin diseases and safely performing cosmetic surgeries. This, in turn, is expected to create healthy competition among the key manufacturers, to develop and provide cutting-edge medical devices that are designed for quality diagnosis and treatments.
Dermatoscopy is a technique used to diagnose skin conditions and tumors. This process involves the observation of the patient’s skin using a dermatoscope device. It is a magnifier with a transparent plate, a non-polarized light source, and a type of liquid medium between the skin and the device, which then produces digital pictures.
The market report finds that the COVID-19 pandemic slightly affected the dermatoscopes market. During the pandemic, there were a reduced number of treatments and consultations, due to the increase in the burden of pandemic-related cases on healthcare facilities. Numerous hospitals were converted into COVID-19 wards, to manage the patients who required hospitalization. This caused the procedures and treatments of dermatology diseases to be postponed. Moreover, the lockdown restrictions and regulations on traveling also impeded the growth of the market.
Dermatoscopes Market Dynamics
Major Drivers
Rising awareness about skin cancer and the availability of protective treatments for skin disorders is driving the market. Rising number of individuals are becoming aware of the severity of skin conditions and are willing to opt for treating their skin problems, this in turn is expected to boost the market in the coming years. With the growing expansion of healthcare facilities and treatment availability, there is a rise in the number of dermatologists across the globe, which is increasing demand for the dermatoscopes.
Increasing number of individuals are demanding treatment for problem-free skin texture and quality look. This is increasing preference for cosmetic dermatology or aesthetic dermatology, which further boosts the dermatoscopes market.
Existing Restraints
High cost of dermatoscopes, due to increasing manufacturing expenses is expected to hamper the market demand during the forecast period. Limitations of dermatoscope devices and the availability of cheaper alternatives can impede the demand for dermatoscopes. In addition, the innovation of biological agents, being used for detecting melanoma, can also limit market growth.
Emerging Opportunities
Increasing R&D for skin cancer treatments and the efforts of various countries to reduce the mortality rate, due to skin cancer are expected to create opportunities in the market in the coming years. Novel technologies such as video imaging and universal serial bus (USB) imaging are helping the market expansion and product innovation. Such technologies attract patients that opt for aesthetic dermatology to enhance their appearance through appropriate skin treatment routines. The growing application of dermatoscopes in cosmetic or aesthetic dermatology is further anticipated to create significant opportunities in the market during the forecast period.
Scope of Dermatoscopes Market Report
The report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Dermatoscopes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product (Contact, Non-contact, and Hybrid), Modality (Handheld, Trolley-mounted, Headband, and Others), Technology (Ultraviolet (UV), Light Emitting Diode (LED), Xenon, Halogen, and Others), Application (Skin Cancer Diagnosis, Fungal infection, Hair & Scalp Diagnosis, and Others), and End-user (Hospitals, Dermatology Clinics, Research Institutes, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Barco; Canfield Scientific, Inc.; CASIO COMPUTER CO., LTD; FotoFinder Systems GmbH; 3Gen Consulting; Open Medical Ltd; Caliber Imaging & Diagnostics; ILLUCO; STRATA Skin Sciences; and Alma Lasers GmbH
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Dermatoscopes Market Segment Insights
Product Segment Analysis
Based on product, the dermatoscopes market is divided into contact, non-contact, and hybrid. The contact segment is expected to expand significantly during the forecast period, as it offers enhanced focus while examining the patient’s skin. The rising geriatric population and their need for skin aging solutions, owing to wrinkle concerns, are further boosting the segment.
The non-contact segment is anticipated to grow rapidly during the forecast period, due to the increasing adoption of contactless technology for treating skin disorders. These devices are known to offer high efficiency and help in the early detection of melanoma.
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According to WHO, in 2020, there were about 3,25,000 new melanoma-diagnosed cases across the globe. It is estimated that around 57,000 suffered death, due to this disease.
The increasing cases of skin cancers are expected to further propel the non-contact segment growth. The non-contact devices can capture crucial skin structures, which further helps in effectively examining and diagnosing skin cancer, thus boosting the segment.
Modality Segment Analysis
On the basis of modality, the market is segmented into handheld, trolley-mounted, headband, and others. The handheld segment is expected to register a robust growth rate during the forecast period, as they offer optimum convenience and improved visualization to dermatologists. Handheld devices are often manufactured for a lightweight user experience. Their growing adoption by dermatologists is expected to propel the segment in the coming years.
The trolley-mounted segment is anticipated to hold a significant share of the market during the forecast period, as they capture a wide area of skin in a few pictures. Thus, they are useful in mapping and monitoring various skin conditions & diseases. These benefits are anticipated to aid segment growth in the coming years.
Technology Segment Analysis
Based on technology, the dermatoscopes market is categorized into ultraviolet (UV), light-emitting diode (LED), xenon, halogen, and others. The light-emitting diode (LED) segment is expected to expand significantly during the forecast period, as they prevent accidental fatalities and excessive heat production. In addition, the illumination or brightness of the LED bulbs is comparatively more than halogen and xenon bulbs, which gives enhanced scope for the segment growth.
The UV segment is anticipated to grow rapidly during the forecast period, as it is a new technology adopted in dermatoscopy. UV technology helps in capturing instant high-resolution images, for enhanced focus on skin diseases and improving efficacy, which in turn drives the segment.
Application Segment Analysis
On the basis of application, the global market is segregated into skin cancer diagnosis, fungal infection, hair & scalp diagnosis, and others. The skin cancer diagnosis segment is projected to register a considerable CAGR during the forecast period, owing to the surging number of skin cancer cases across the globe.
Dermatoscopes are widely being used, as there is an increasing need for skin cancer diagnostics and appropriate treatment decisions, which further increases their demand in the market.
The hair & scalp diagnosis segment accounts for a significant market share, due to the increasing number of scalp disorder cases across the globe. Various hair problems are common issues faced by people worldwide, thus there is an increasing awareness for improving scalp & hair health quality. The rise of environmental pollution is affecting the quality of the scalp & hair. Thus, individuals are visiting dermatology centers to maintain hair and scalp health, which is driving the adoption of dermatoscopes to efficiently diagnose and treat hair & scalp issues.
End-user Segment Analysis
On the basis of end-user, the dermatoscopes market is segmented into hospitals, dermatology clinics, research institutes, and others. The dermatology clinics segment is expected to register a robust growth rate during the forecast period. The increasing customer footfall in dermatology clinics for various diagnoses & treatments, including skin cancer, cosmetic surgeries, and other skin issues is boosting the segment. These clinics have special skincare techniques & facilities along with advanced equipment, which increases the efficacy of the treatments. The instant consultation process at dermatology clinics is the major reason fueling the segment.
The hospitals segment is expected to hold a significant share of the market in the coming years, attributed to the rising requirement for skin cancer treatments. Hospitals have easy access to specialists and experts, which allows convenient procedures of diagnosis, medication, & treatment, thus further driving the segment.
Regional Outlook
In terms of region, the global dermatoscopes market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, due to the rising incidence of skin cancer cases in the region.
The region has a high presence of major market players, which increases the scope for regional market growth. The countries, including the US, have a high adoption rate of innovative technologies and advanced techniques to treat patients. This gives the manufacturers of dermatoscopes opportunities to develop and introduce products in the regional market. Such product launches and developments are further projected to boost the regional market ij the coming years.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to the increasing prevalence of melanoma, inflammatory dermatoses, non-pigmented skin lesions, and actinic keratosis in the region. Countries, including South Korea and Japan, have a high rate of cosmetic surgeries, which increases the demand for dermatoscopes, which further helps in the growth of the market.
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According to the International Society of Aesthetic Plastic Surgery (ISAPS)’s International Survey on Aesthetic/Cosmetic Procedures carried out in 2020, Japan was listed as fourth ranking for most procedures performed across the globe, after the US, Brazil, and Germany. The survey reports that more than 222k surgical procedures were performed in Japan in 2020, which is 2.2% of the total global procedures.
Segments
The dermatoscopes market has been segmented on the basis of
Product
- Contact
- Non-contact
- Hybrid
Modality
- Handheld
- Trolley-mounted
- Headband
- Others
Technology
- Ultraviolet
- Light Emitting Diode
- Xenon
- Halogen
- Others
Application
- Skin Cancer Diagnosis
- Fungal infection
- Hair & Scalp Diagnosis
- Others
End-user
- Hospitals
- Dermatology Clinics
- Research Institutes
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Barco
- Canfield Scientific, Inc.
- CASIO COMPUTER CO., LTD
- FotoFinder Systems GmbH
- 3Gen Consulting
- Open Medical Ltd
- Caliber Imaging & Diagnostics
- ILLUCO
- STRATA Skin Sciences
- Alma Lasers GmbH
Competitive Landscape
Key players operating in the global dermatoscopes market include Barco; Canfield Scientific, Inc.; CASIO COMPUTER CO., LTD; FotoFinder Systems GmbH; 3Gen Consulting; Open Medical Ltd; Caliber Imaging & Diagnostics; ILLUCO; STRATA Skin Sciences; and Alma Lasers GmbH
These companies adopt strategies such as acquisitions, partnerships, collaboration, mergers, R&D investments, and product launches to boost their market share. For instance,
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On 9 March 2023, Open Medical Ltd and FotoFinder Systems GmbH announced a partnership that involves the combination of the technology of both companies. The partnership aims to develop enhanced skin visualization technology with the use of innovative LED technology.
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In June 2022, Barco announced that it is focusing on increasing research & development investments, to develop an advanced model of digitalized dermatoscope for diagnosing skin cancer.
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