The Global Dermatoscope Market Growth Accelerated By Rising Adoption Of Technologically Advanced Dermatoscopes
Dermatoscopes aid in the non-invasive examination of skin lesions and detection of various skin conditions. They provide magnification of skin areas, thereby enabling clear visualization of morphological details that are not visible to the naked eye. Increasing incidence of skin cancer and other dermatological diseases has boosted the need for devices that facilitate easy and early diagnosis.
The global Dermatoscope Market is estimated to be valued at US$ 951.1 Mn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the dermatoscope market is the rising adoption of technologically advanced dermatoscopes. Various players are increasingly focusing on developing advanced dermatoscopes equipped with novel features such as hybrid technology, enhanced magnification, and connectivity with diagnostic software. For instance, HEINE Optotechnik offers Delta 20, a hybrid dermatoscope that provides upto 30x magnification and utilizes both contact liquid crystal polarization and immersion technology for high-resolution inspection of skin lesions. Similarly, Canfield Scientific's VISIA Complexion Analysis System uses artificial intelligence for automated analysis of clinical images taken using its integrated dermatoscope. The system offers precise and reproducible documentation of skin conditions over time. Growing investments by manufacturers in innovative product development are expected to boost the demand for technologically advanced dermatoscopes in the coming years.
Segment Analysis
The global dermatoscope market is dominated by hand-held dermatoscope segments. This is owing to high preference among dermatologists and increasing popularity of portable medical diagnostic devices. Hand-held dermatoscopes provide ease of use, mobility and portability which allows quick examination of the skin at any location. Higher resolution and enhanced zooming features in new generation hand-held dermatoscopes are further driving their adoption in place of table-top devices.
Key Takeaways
The Global Dermatoscope Market Size is expected to witness high growth. The global dermatoscope market is estimated to be valued at US$ 951.1 Mn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030.
The North America region currently dominates the global dermatoscope market owing high popularity of advanced skin care diagnostics and favorable reimbursement policies for dermatology procedures in countries like the US and Canada. Asia Pacific region is poised to register fastest growth rate during forecast period supported by growing medical tourism industry, rising dermatology patient pool and increasing government focus on strengthening healthcare infrastructure.
Key players operating in the dermatoscope market are Canfield Scientific, Inc., ILLUCO, HEINE Optotechnik GmbH & Co. KG, Tejco Vision, 3Gen, FotoFinder Systems, Caliber Imaging and Diagnosis, Firefly Global, Bio-Therapeutic, and AMD Global Telemedicine. Rudolf Riester GmbH, and Barco. The major players are focusing on new product launches and strategic collaborations to expand their presence and share in the global market. For instance, in April 2022, Canfield Scientific launched VISIA Complete 7 System - an AI-powered diagnostic solution for enhanced telemedicine and teledermatology capabilities.
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