February 2024
The global dermatoscope market revenue was valued at USD 925.94 million in 2023 and is poised to grow from USD 1,045.58 million in 2024 to USD 3,364.21 million by 2034, at a CAGR of 12.4% during the forecast period 2024 – 2034. The increasing prevalence of melanoma cancer is estimated to drive the growth of the dermatoscope market.
The dermatoscope market deals with processes that include the examination of skin lesions with the help of a dermatoscope. Dermatologists use the equipment to compare benign tumors from cancer, especially in the diagnosis of melanoma. Modern dermatoscopes use polarized light and liquid medium to stop skin surface reflection. The images or videos are digitally processed, using a digital epiluminescence.
The rising awareness of the significance of early cancer treatment and diagnosis, increasing demand for advanced technologies in dermatoscopes increasing growth in skin diseases, and significant growth in expanding healthcare infrastructure contributed to propelling the market growth. In addition, an increase in funding by government organizations and increasing research and development activities to innovate advanced dermatoscope are further expected to drive the growth of the dermatoscope market during the forecast period.
Increasing prevalence of melanoma cancer to fuel the market growth
According to the American Cancer Society, cancer is becoming increasingly common. There are lakhs of new cases of cancer melanoma diagnosed all over the globe. Cancer melanoma is responsible for the vast majority of skin cancer deaths. As a result, the increasing prevalence of melanoma cancers is estimated to enhance the market growth. A dermatoscope is an assistance visual aid device a person or doctor can use to diagnose and examine skin lesions and diseases including melanoma. It can also help a person explore the nails, hair, and scalp. Dermatoscopes use magnification and light to help a dermatologist to see what a person's skin looks like. In addition, dermatoscopes can enhance the skin of a doctor. Dermatoscopes can also take pictures as individuals use them. These are the major driving factors that are expected to drive the growth of the dermatoscope market.
However, the high cost associated with a lack of awareness and standardization of dermatoscopes may restrain the growth of the market. The major factor that can restrain the growth of the market is the high cost of dermatoscopy. The use of dermatoscopes is hindered by their cost, which prevents many healthcare facilities from buying them. In addition, healthcare professionals are still unaware of the benefits of using dermatoscopes to diagnose skin diseases. This might minimize the demand for products since many healthcare professionals may not see the value in investing in dermatoscopes. The use of dermatoscopes has not been standardized significantly in terms of diagnostics standards and terminology. These major factors may restrain the growth of the dermatoscope market.
Report Attribute | Key Statistics |
Market Revenue in 2024 | USD 1,045.58 Million |
Market Revenue by 2034 | USD 3,364.21 Million |
Market CAGR | 12.4% from 2024 to 2034 |
Quantitative Units | Revenue in USD million/billion, Volume in units |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Recent Innovation in Dermatoscope Market by Clinica Vivina Cabrita
Recent Innovation in Dermatoscope Market by Damae
Regional Insights
Asia Pacific is expected to grow fastest during the forecast period. The increasing prevalence of skin diseases such as actinic keratosis, melanoma, squamous, basal cell carcinoma, non-pigmented skin lesions, and inflammatory dermatoses are expected to drive the growth of the dermatoscopy market in the region. China, India, Japan, and South Korea are the major countries in this region. Dermatoscopy has been widely accepted, and domestic research has made enormous progress in the dermatoscopy sector in China. In China, Basal cell carcinoma is the most common skin cancer. In the future, computer-aided diagnosis, image management, talent development, resource sharing, and cooperation will be vital directions for the development of dermatoscopy in China. Therefore, these factors are anticipated to enhance the growth of the market in the Asia Pacific region.
North America dominated the dermatoscope market in 2023. The growing economic development, increasing medical device manufacturers, increasing presence of advanced healthcare infrastructure, and increasing prevalence of skin diseases have contributed to enhancing the market growth in the region. The U.S. and Canada are the major leading and dominant countries in North America. Dermatoscopes have been adopted significantly in the U.S., and this is attributed to the growth of the dermatoscope market in North America.
Rising advancements in dermatoscopy
The healthcare medicine sector witnessed technological advancements, leading to improved furtherment of research and patient care, which contribute to the skill of surgeons and physicians and efficient acquisition of knowledge. A discipline like dermatoscope is based heavily on the recognition of morphological patterns. The majority of these procedures are designed to be user-friendly and offer the benefit of non-invasive check-ups for treating disease progression. In addition, dermatoscopes are applied to adnexal structures and skin examination. It is also used to monitor the efficacy of a variety of systemic and topical treatments for different skin conditions. These opportunities are expected to drive the growth of the dermatoscope market.
Market Segmentation
By Product
By Technology
By Method
By Application
By End-User
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