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Teledermatology Market size was valued at USD 11.42 billion in 2023 and is anticipated to cross USD 89.89 billion by the end of 2036, expanding at more than 17.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of teledermatology is estimated at USD 12.99 billion.
The growth of the market can be attributed to the increasing prevalence of skin diseases, such as, skin cancer and eczema, due to rising pollution and unhealthy eating habits. Moreover, direct consultation, cost effectiveness, fast communication, and satisfactory treatment provided through Teledermatology is estimated to boost the market growth. In addition to that, growing awareness regarding skin diseases and easy availability of specialists through remote treatments, is expected to boost the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
17.2% |
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Base Year Market Size (2023) |
USD 11.42 billion |
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Forecast Year Market Size (2036) |
USD 89.89 billion |
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Regional Scope |
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The teledermatology market is segmented by type into product, and service, out of which, the service segment is anticipated to hold the largest share in the market during the forecast period on account of growing need for doctor consultation. Moreover, the various services provided on telehealth platforms, is estimated to boost the segment growth.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Method |
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By Application
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North America Market Statistics
Regionally, the global teledermatology market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is set to dominate majority revenue share by 2036, led by lesser number of dermatologists, with less than 15 dermatologists per 10,000 people in the U.S. Moreover, the COVID-19 pandemic has driven the public towards telemedicine services, which is further expected to boost the market growth.
Europe Market Analysis
The teledermatology market in Europe is anticipated to witness noteworthy growth by the end of 2029, on the back of growing healthcare sector, followed by increasing demand for dermatological treatment. Cost effectiveness and direct consultation provided by teledermatology is anticipated to drive the market growth in the region.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
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