The global online dermatology consultation market size surpassed USD 2.14 billion in 2022 and it is projected to attain around USD 7.11 billion by 2032, poised to grow at a CAGR of 12.8% from 2023 to 2032.
Due to the COVID-19 pandemic's emergence, the global market for online dermatological consultations grew quickly in 2020. The global market for online dermatology consultation is expanding as a result of customers' increasing need for convenient healthcare services and goods. The tele-dermatology market has grown as a result of customers around the world increasingly utilizing healthcare platforms.
Additionally, the global demand for online dermatological consultations is being greatly fueled by the rising prevalence of skin illnesses and concerns associated to the skin. According to the Global Burden of Skin Disease research, skin conditions are the fourth-leading global cause of non-fatal illnesses. Furthermore, it is predicted that between 30% and 70% of the world's population has one or more skin conditions. Therefore, the main drivers of the growth of the global market are the increasing incidence of various skin disorders and the rising usage of digital health platforms.
Another significant element driving the usage of tele-dermatology platforms is the rising number of smartphone users and expanding internet penetration globally. Around 4 billion people have access to the internet, and the majority of them use smartphones to do it, according to the International Telecommunication Union. Additionally, the main market players' efforts in digital marketing and social media marketing to expand their consumer bases have increased as a result of the social media's increasing penetration.
The availability of dermatologists and consultants on online dermatological consultation platforms has increased due to the growing consumer usage of telehealth. Global demand for online dermatological consultation platforms is being fueled by the expansion of digital technologies and the incorporation of cutting-edge technology like AI and data analytics. Additionally, throughout the forecast period, the creation of a supportive legislative framework by the government in various nations governing the usage of telehealth platforms is anticipated to considerably fuel the expansion of the tele-dermatology market.
Regional Snapshots:
In 2022, the North America area generated USD 4.6 billion in revenue. The availability of a number of leading market companies, including MDLive and DermatologistsOnCall, is boosting demand for teleconsultation services. The need for tele-dermatology has increased due to the rising frequency of numerous skin diseases in the US. Acne is the most prevalent skin disorder, affecting about 50 million people each year, according to the American Academy of Dermatology Association. Around 10% of Americans have atopic dermatitis, and 80 million of them struggle with hair loss issues. As a result, the market for tele-dermatology has expanded in North America due to the rising prevalence of skin diseases, rising healthcare costs, and better access to healthcare facilities.
The most potential market is anticipated to be in Asia Pacific over the projection period. The primary factors driving the growth of the teledermatology market in Asia Pacific are the growing government initiatives to improve the healthcare sector and the rising usage of telehealth and telemedicine. Additionally, the government's supportive telehealth and reimbursement regulations as well as the increasing internet penetration are anticipated to fuel market expansion.
Online Dermatology Consultation Market Report Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 2.4 Billion |
| Projected Forecast Revenue in 2032 | USD 7.11 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 12.8% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 To 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Report Highlights:
Market Dynamics:
Drivers:
The growing trend of online education and its many advantages will boost industry expansion.
As more universities provide online consulting and education platforms, rising trends in online education and remote consulting have boosted the business. In providing diagnostic services, several private health consulting companies play key roles on a global scale. Additionally, telemedicine services are employed to offer dermatology consultations online to the military. In challenging situations like the sea, prisons, and moving ambulances, online dermatological consulting is more effective.
The widespread use and advantages of teledermatology are the key drivers of growth for the worldwide market for online dermatological consultations. Government initiatives to reduce healthcare costs and increase specialist healthcare are among the main justifications for embracing online dermatological consultation services and investing in the telemedicine sector.
By bridging the digital gap, the initiative will also assist in bringing high-speed internet to institutions including universities, hospitals, and government offices. Over the anticipated period, these actions will help to promote online dermatological consultation. The expansion of the worldwide online dermatological consultation market would be significantly accelerated by the development of the telecommunications and IT sectors.
Restraints:
Low levels of acceptability in wealthy nations are one of the main obstacles to the expansion of telemedicine. Patients from industrialized nations often reject particular types of treatments due to ignorance and lack of understanding. Along with a lack of machine learning, slow internet connections are another major barrier to the growth of the online dermatology consultation market.
Opportunities:
The global market for online dermatological consultations is expanding as a result of government agencies' increasing spending in telemedicine and telehealth-related research and development. Global demand for online dermatological consultations is rising as a result of the government's strict rules. Additionally, the worldwide market for online dermatological consultations is expected to rise as a result of the expanding consulting sector. The online dermatological consultation market aids in obtaining useful counsel and guidance from dermatologists or skin physicians. Skin conditions are among the illnesses that need for prompt diagnosis and treatment. The need for online dermatological consultations is also increasing as a result of the integration of data analytics with teledermatology systems. Therefore, each of these factors is promoting the global growth of the online dermatological consultation market.
Challenge:
Over the course of the forecast period, factors such as inadequate internet infrastructure in developing and underdeveloped nations like Africa, Afghanistan, Bangladesh, and others, low reimbursement, connectivity issues during online dermatological consultation visits, and a dearth of accurate epidemiological data regarding skin conditions are anticipated to restrain the growth of the global online dermatological consultation market. For instance, according to a British Medical Journal (BMJ) study from May 2022, psoriasis, a skin ailment where irritating scale-like patches develop on the skin, has no epidemiological data in about 81% of the world's countries.
Recent Developments:
Key Market Players:
Segment Covered in the Report:
By Modality
By End User
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