Online Dermatology Consultation Market (By Modality: Store and Forward, Real Time, Other; By End User: Healthcare units, Homecare) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global online dermatology consultation market size was estimated at USD 2.14 billion in 2022 and is projected to hit around USD 7.11 billion by 2032, growing at a CAGR of 12.8% during the forecast period from 2023 to 2032.

A branch of dermatology known as online dermatology consultation uses digital medical information interchange and telecommunication technology to monitor, diagnose, and treat skin disorders like eczema, psoriasis, melanoma, and others.

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Key Takeaways

• On the basis of modality, the store, and forward segment accounted market revenue share of 70.90% in 2022.
• On the basis of end users, the homecare sector is predicted to earn the highest revenues from 2023 to 2032.
• With more than USD 1.5 billion in sales in 2022, North America is expected to continue to dominate the market from 2023 to 2032.
• In terms of size, The Asia Pacific region is anticipated to exhibit significant development opportunities from 2023 to 2032.

Growth Factor

As more schools, like Boston University, started offering online platforms for education and remote consulting, these trends have given the sector a boost. Worldwide, a number of commercial health consultant firms are also playing significant roles in the provision of diagnosis services. The main drivers of growth for the global online dermatological consultation market are the advantages and widespread use of online dermatological consultation. One of the main driving forces behind the adoption of investments and online dermatology consultation services in the telemedicine sector is government measures to reduce healthcare costs and expand specialist health care.

The expansion of the worldwide teledermatology market will be greatly assisted by improvements in the IT and telecommunications sectors. The main factors anticipated to drive the global market are the rising investment in R&D programs for the development of many preventative teledermatology and recommendations offered by regulatory organizations related to online education and remote consultation. The development of technologically advanced healthcare infrastructure and ongoing research projects in collaboration with renowned vendors and international universities for the development of efficient teledermatology will present the global market with lucrative growth opportunities.

To increase their commercial reach and profitability, the major market players concentrate on forging strategic alliances and purchasing allying companies. Additionally, the main market players are able to expand their product portfolios due to the increased acceptance of technology developments in the healthcare industry. Additionally, cutting-edge product development techniques enable major market participants to provide new items and satisfy consumer demand. For instance, Teladoc Health Inc. and Microsoft worked together to integrate hospitals and health systems into the Microsoft Teams environment in 2021. Due to increased consumer desire and improved physician and patient access to virtual healthcare, this relationship has made it possible for the firm to grow its offering.

• The global demand for online dermatology consultation is largely being fueled by the rising prevalence of skin illnesses and skin-related issues.
• The market for online dermatology consultation is expanding as more people across the world use the platforms for online dermatology consultations.
• The global market for online dermatology consultation is expanding as a result of customers' increasing need for convenient healthcare services and products.
• Another significant reason driving the usage of online dermatology consultation platforms is the rising number of smartphone users and expanding internet access throughout the world.

Online Dermatology Consultation Market Scope

Online Dermatology Consultation Market Dynamics

Key Market Drivers

Rising shortage of dermatologist per million population 

• The decline in the number of dermatologists per million people is one of the major factors influencing the growth of the online dermatology consultation industry. For instance, according to a study published in the Journal Cutis in November 2021, the number of board-certified dermatologists in the United States was over 11,000, or just 3.5 per 100,000 people. Even in some industrialized nations, the lack of dermatologists causes lengthy patient wait times and delayed responses. In order to provide patients with access to dermatological treatment over the predicted period, dermatologists will employ telemedicine. In addition, research released in November 2020 by Independence Blue Cross and the University of Pennsylvania indicated that dermatologists' average response time for online dermatology consultations was 5 hours, compared to 84 days for patients in primary care. Therefore, it is anticipated that these reasons would increase the use of online dermatology consultation services in the healthcare industry.

The surge in incidence of dermatological conditions

• The sharp increase in demand for dermatological treatments is due to the rising prevalence of chronic skin conditions such eczema, psoriasis, and skin cancer. The European Academy of Dermatology and Venereology published the findings of its Burden of Skin Diseases in Europe study in October 2021, and it found that an estimated 48% of Europeans over the age of 18 had a dermatological problem the previous year. An estimated 100,000 instances of skin cancer are recorded in the UK each year, according to the British Skin Foundation. Additionally, it is anticipated that the aging population, which is more susceptible to certain skin disorders, and dietary changes will fuel the expansion of the worldwide market during the projection period.

Key Market Challenges

The decline in the usage of telemedicine among physicians post-pandemic

• Physicians, particularly dermatologists, dramatically increased their use of online consultations during the early stages of the epidemic. Even However, since the peak epidemic levels of April–May 2020, telemedicine use has been progressively declining in practically all nations. Additionally, healthcare facilities that established online dermatological consultation systems are responsible for both the high original cost and ongoing upkeep. Then, there are doubts among doctors about whether to keep funding telemedicine and whether it is economically sustainable or not. One of the factors that is anticipated to restrain the growth of the online dermatology consultation market during the forecast period is technological issues related to poor quality video or audio during dermatology consultation due to an absence of the most recent telecommunication devices, super-fast internet with high bandwidth, and storage capabilities of the integration and transmission of medical data.

Key Market Opportunities

Incorporation of artificial intelligence

• The use of artificial intelligence is one of the major trends driving the market for online dermatological consultations. Healthcare businesses are quickly expanding their telemedicine initiatives and adopting remote consultations. Through the use of online dermatology consultation, novel deep-learning advancements have been introduced to diagnose melanoma patients using photos of lesions. According to estimates from the smartphone industry, next-generation gadgets and their widespread acceptance will put deep learning technology in the hands of consumers worldwide in the next 10 years. For instance, Google launched a dermatological tool in May 2021 that uses artificial intelligence to help consumers understand problems with their skin, hair, or other skin tissues.

Modality Insights

The market is divided into asynchronous (store and forward), synchronous (real-time), and other segments based on modality. The store and the forward segment have captured a market revenue share of 70.90% in 2022. Due to the widespread use of virtual consultations as a modality for online dermatological consultations in 2021, the store and the forward sector had the lion's share of the market. Due to the high demand for dermatological pictures for the precise evaluation of illnesses, the industry is primarily dependent on the store and forward modality.

The strong use of this method to make up for the shortage of dermatologists might increase the global market share. Due to the technical superiority of this modality compared to other types, the real-time category, which represented the second biggest share of the online dermatologist market in 2021, is anticipated to develop at the greatest CAGR throughout the projected period.

End User Insights

The global market is divided into healthcare facilities and home care based on the end user. Due to an increase in patients seeking online dermatology consultations from the comfort of their homes, the homecare sector is anticipated to earn the largest revenues in the worldwide market over the forecast period. Additionally, since they reduce the need for hospital trips, the elderly population's increased use of teleconsultation and the capacity to correctly monitor them remotely in home care settings are some of the causes responsible for the segment's rise. The expanded availability of initiatives by industry participants, such as online dermatological consultation programs, in important regional markets like the United States is projected to drive the segment's market expansion.

As hospitals focus on implementing online dermatology consultation for the management of its hospital dermatology referrals and introduce a larger patient populace for effective dermatological care, healthcare facilities are also anticipated to enjoy significant growth throughout the forecast period.

Regional Insights

With more than $1.5 billion in sales in 2022, North America is expected to continue to dominate the worldwide market during the forecast period. The quick adoption and use of online platforms by several healthcare facilities will stimulate market expansion across Canada and the US. Additionally, a strong U.S. government along with an increase in significant companies like MDlive and DermatologistOnCall are anticipated to drive the North American market throughout the projection period. Europe is anticipated to be the second-largest area and will likely make up a sizeable portion of the worldwide market. Due to the increased use of newer technologies and improved teledermatology services, high-growth nations like Germany, the UK, Italy, and France would contribute to the market growth in Europe, which is predicted to result in a higher rate of market growth in the area.

In terms of the size of the worldwide market, Asia Pacific is anticipated to exhibit significant development opportunities throughout the forecast period. The market is anticipated to increase as a result of factors including the existence of a supportive government policy for telemedicine services and the rising demand for online dermatology consultation in important nations like China and India.

Due to the restricted availability of teledermatology equipment in developing nations in Africa and the less favorable reimbursement prospects, the Middle East and Africa would increase at a significantly slower rate. To expand access to dermatological treatment for the bulk of the patient population, teledermatology is supported by a growing number of dermatologists in the area. As a result, during the course of the forecast, the region is likely to have growth opportunities.

Recent Developments

• November 2021 saw the signing of a contract between DermTech Inc. and DermatologistOnCall, a pioneer in precision dermatology made possible by a non-invasive skin genomics platform. Through this arrangement, the DermatologistOnCall telemedicine platform will offer the DermTech Melanoma Test.
• In March 2021, Doctolib introduced a new generation of medical software called Doctolib medecin. This software combines features like intelligent document management, invoicing, and teletransmission on mobile devices with the sharing of online prescriptions to cut down on the time doctors spend on administration and help improve the care of their patients.

Online Dermatology Consultation Market Companies

• Aerotel Medical Systems Ltd.
• MDLIVE, Visby Medical, Inc.
• Ksyos, VigNet Inc.
• Allscripts Healthcare, LLC
• 3Derm
• McKesson Corporation
• CureSkin
• Honeywell Life Care Solutions
• MetaOptima, Philips Healthcare
• 3Gen Consulting
• AMD Global Telemedicine
• GE Healthcare
• First Derm

Segment Covered in the Report

By Modality

• Store and Forward
• Real Time
• Other

By End User

• Healthcare units
• Homecare

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)