Published Date : 22 Aug 2023
The global dermatology endoscopy devices market size was evaluated at USD 1.69 billion in 2022 and is expected to attain around USD 3.31 billion by 2032, growing at a CAGR of 7% from 2023 to 2032.
Devices for dermatology endoscopy are non-invasive tools used to detect skin lesions, malignancies, psoriasis, and other dermatological disorders early on. Dermatoscopes that can see through the skin and help see lesions and underlying skin features. Dermatologists utilize dermatoscopes to tell benign skin lesions from cancerous ones. Dermatoscopes come in a variety of designs, including polarized, non-polarized, and hybrid models. These aid in the identification of a number of skin conditions including alopecia, skin cancer, lesions, and inflammations.
The rise in skin cancer cases throughout the world is a key reason propelling the market for dermatology endoscopic equipment. The American Academy of Dermatology estimates that 9,500 new instances of skin cancer are discovered daily, making it the most prevalent malignancy in the country. In addition, skin cancer strikes one in five Americans at some point in their lives. In the near future, it is projected that these factors will increase demand for dermatology endoscopic equipment.
Companies have created dermatology endoscopic technologies that potentially enable tele-dermatology as a result of increasing demand and knowledge of tele-dermatology. Dermatologists can treat patients in far-off locations with the usage of such goods. In the upcoming years, the market for dermatology endoscopic devices will be driven by the aforementioned aspects.
According to estimates, North America will control a large portion of the worldwide market between 2023 and 2032. The rapid uptake of cutting-edge products by dermatologists, such as digital video dermatoscopes, the rise in skin cancer cases in the U.S., and the use of teledermatology in clinical settings to diagnose diseases early and effectively are the main factors anticipated to propel the dermatology endoscopy devices market in North America during the forecast period. As an illustration, more than 1 million Americans are diagnosed with melanoma each year, compared to 3 million who suffer from non-melanoma skin cancers including squamous cell carcinoma and basal cell carcinoma.
Because of the high incidence of skin cancer in Australia and New Zealand, the market for dermatology endoscopic devices in the Asia Pacific region is predicted to grow quickly. In the next years, it is predicted that the market in Asia Pacific would be driven by rising incidence of skin cancer and increased knowledge of their diagnosis, both of which are caused by rising UV radiation exposure in developing nations like China and India.
Dermatology Endoscopy Devices Market Report Scope:
|Market Revenue in 2023||USD 1.80 Billion|
|Projected Forecast Revenue in 2032||USD 3.31 Billion|
|Growth Rate from 2023 to 2032||CAGR of 7%|
|Largest Market||North America|
|Forecast Period||2023 to 2032|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
Between 2023 and 2032, North America is predicted to hold a sizable share of the global market. The main factors anticipated to drive the dermatology endoscopy devices market in North America during the forecast period include dermatologists' quick adoption of cutting-edge products like digital video dermatoscopes, the rise in skin cancer cases in the U.S., and the use of teledermatology in clinical settings to diagnose diseases early and effectively.
Applications for dermatological endoscopic devices related to skin cancer will have the most market share by 2032. The global market has potential due to the ongoing discovery of innovative clinical uses for dermatological endoscopic devices other than their current application, notably for skin cancers.
During the forecast period, factors such as the clinical safety and cost-effectiveness of the devices, the abundance of possibilities for guided training to hone technical skills, and the clinical decision-making capabilities of the procedures will drive the market for dermatological endoscopic devices.
It is anticipated that digital dermatology endoscopic devices would command the most market share by 2032. Digital endoscopes are advantageous for both patients and primary care practitioners.
The global market is being driven by an increase in skin disease incidence. The rise in skin cancer cases throughout the world is a key reason propelling the market for dermatology endoscopic equipment. According to the World Cancer Research Fund (WCRF), 1 million new instances of non-melanoma skin cancer and around 3,000 new cases of melanoma were each identified globally in 2018.
Additionally, the American Academy of Dermatology reports that with around 9,500 new instances of skin cancer being discovered every day, skin cancer is the most prevalent malignancy in the United States. In addition, skin cancer strikes one in five Americans at some point in their lives. In the near future, it is projected that these factors will increase demand for dermatology endoscopic equipment. The market is also driven by doctors' growing preference for using technologically enhanced endoscopic instruments outfitted with high-definition cameras and light sources to aid in the analysis of various skin layers.
The movement in preference for minimally invasive surgical procedures over normal operations to reduce hospital stay and after-procedure issues is anticipated to be the main factors driving the need for endoscopic equipment. As a result, it is expected that factors including higher satisfaction of patients, enhanced economic viability, and shorter hospital stays would raise the demand for minimally endoscopic operations in the years to come, driving the market's growth.
During the forecast period, the availability of alternatives will provide a significant threat to the dermatology endoscopic devices market. Dermatology endoscopic instruments can be replaced by full-body imaging systems and microscopes. They offer detailed pictures of the patient's physical components. Lesions can be tracked, compared, and monitored using the photographs. They are favored for giving a rapid and effective inspection of any existing spots on a patient's body and are useful for the early diagnosis of skin malignancies. Full-body imaging technologies are becoming a crucial tool in disease detection as the incidence of skin cancer rises. Additionally, manufacturers provide assistance tools made for individualized patient analysis. The development of the worldwide market for dermatological endoscopic devices may be constrained by substitute items.
A market trend for dermatology endoscopic devices that is expected to have a positive impact in the coming years is technological advances. Vendors are developing innovative technologies that outperform current ones and improving upon previous ones. They are emphasizing on the development of dermatological endoscopes that are small, light, and capable of being connected directly to a smartphone or tablet for high-quality imaging. Pixience, for example, provides the dermatological endoscopic instrument C-Cube 2. It is a little device that weighs only 410 grams. Similar to that, 3Gen provides the DermLite DL1, an endoscopic tool for dermatologists that is compatible with Apple and Samsung smartphones and tablets. By removing the need for paper records, dermatology endoscopes connected to tablets and smartphones can simplify the procedure. These technological developments are expected to increase during the course of the prediction.
One of the main issues limiting the market share for dermatology endoscopic devices is the lack of qualified doctors and endoscopists in underdeveloped nations. Resources for healthcare in developing and emerging countries are insufficient to ensure that everyone has access to the essential medical care. Because of a lack of clinical workers with the necessary training, healthcare facilities are subpar. In addition, endoscopic equipment is expensive.
At the American Telemedicine Association conference in Chicago, Illinois, in April 2018, Firefly Global displayed a variety of its devices, including wired and wireless video otoscopes, wireless digital dermatoscopes, and digital iris scopes. The organization may increase brand recognition and consumer base thanks to this method.
Major Key Players:
By Light Source
Buy this Research Report@ https://www.precedenceresearch.com/checkout/2538
You can place an order or ask any questions, please feel free to contact at firstname.lastname@example.org | +1 9197 992 333