Dermatoscopes Market Size was valued at USD 0.75 Billion in 2022. The Dermatoscopes market industry is projected to grow from USD 0.84 Billion in 2023 to USD 2.09 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.10% during the forecast period (2023 - 2032).Growing use of cutting-edge medical aids in the healthcare industry and rising rates of skin cancer are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for dermatoscopes is being driven by the rising number of skin cancer people. According to the AAD, one in three Americans consult dermatologists yearly, and one in four have skin conditions. Therefore, there is a great need for advanced diagnostic tools for chronic skin illnesses since there is a strong need to treat these ailments and reduce the fatalities they bring. The public's knowledge of skin cancer has resulted in a huge rise in the demand for dermatology-related diagnostics. Through several awareness programs, the detrimental effects of skin cancer are being made more publicly recognized.
In 2020, there were 1.2 million instances of non-melanoma skin cancer worldwide, according to research released by the International Agency for Research on Cancer. Similarly, 324,000 people in 2020 were diagnosed with melanoma cancer. Due to the numerous awareness programs that leading companies and nonprofit organizations have developed, there is an increase in public knowledge about skin cancer, which impacts diagnostic processes and supports market growth. The American Cancer Society (ACS) also introduced its Get Screened campaign, which encourages routine cancer screening exams, in May 2021. For instance, during National Skin Cancer Action Week every year, The Cancer Council Australia and the Australasian College of Dermatologists work together. During the anticipated timeframe, these activities should accelerate market expansion.
The introduction of technologically advanced goods has increased over the past few years, resulting in the wide availability of many diagnostic instruments for diagnosing skin problems. Compared to traditional diagnostic methods, these gadgets have shown to be extremely useful and productive in helping healthcare practitioners identify a variety of skin illnesses. The market for next-generation dermatoscopes is anticipated to rise due to the growing prevalence of skin cancer, namely melanoma, which may change the shape, size, and other characteristics of moles on the skin.
To detect any change in structural characteristics, such as a change in mole size, look, and so on, next-generation dermatoscopes must be able to preserve the data of each diagnostic examination. Clinical professionals may rely on the accuracy of historical data that has been collected, a skin examination feature with a substantially larger magnification capacity, and other features thanks to the sophisticated design of next-generation dermatoscopes. Thus, driving the Dermatoscopes market revenue.
The Dermatoscopes market segmentation, based on product, includes contact dermatoscope, hybrid dermatoscope and noncontact dermatoscope. The contact dermatoscope segment dominated the market, accounting for 35% of market revenue. Several of these products are on the market, including ones with optical lenses, LED or halogen lamps, and rechargeable batteries as power sources.
Based on technology, the Dermatoscopes market segmentation includes LED, xenon, halogen, and ultraviolet. The LED segment dominated the market. LEDs emit less heat during illumination and reduce unintentional deaths, so this technology is being employed more frequently. These bulbs provide illumination that is also brighter than that provided by halogen and xenon lamps. Halogen lamps create far more heat than the LED bulbs in the dermatoscope, which might harm the skin and result in deadly accidents.
Based on modality, the Dermatoscopes market segmentation includes handheld, trolley mounted, and headband. The handheld segment dominated the market due to the ease with which these goods may be used. They provide improved visualization, which helps dermatologists better comprehend a variety of disorders. These instruments are lighter and provide a better viewing experience than trolley-mounted dermatoscopes, so their usage is rising.
Based on End Use, the Dermatoscopes market segmentation includes dermatology clinics and hospitals. The dermatology clinics generated the most income (70.4%). The number of people seeking care and treatment at dermatology clinics is rising due to the rising incidence of skin cancer and melanoma. Dermatology clinics provide patients with quick and accurate diagnoses thanks to the availability of modern and technologically advanced medical equipment, which leads to better treatment.
Figure 1: Dermatoscopes Market, by End Use, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Dermatoscopes market area will dominate this market. The main growth drivers for the regional market are the high incidence of skin disorders, the availability of medical device manufacturers, cutting-edge healthcare infrastructure, and economic development.
Further, the major countries studied in the market report are The US, Japan, India, Canada, German, France, the UK, Italy, Spain, China, Australia, South Korea, and Brazil.
Figure 2: DERMATOSCOPES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe has the second-largest market share for Dermatoscope due to the widespread use of cutting-edge medical technology, particularly in Germany, for identifying lesions, inflammatory dermatoses, and skin cancer. The rise in skin-related illnesses in the United Kingdom is a factor in expanding the local market. Furthermore, the German Dermatoscope market dominated, while the UK Dermatoscope market grew fastest in Europe.
From 2023 to 2032, the Asia-Pacific Dermatoscope Market will develop at the quickest CAGR due to the high incidence of non-pigmented skin lesions, basal cell carcinoma, inflammatory dermatoses, melanoma, actinic keratosis, squamous cell carcinoma, and inflammatory dermatoses in the area. Due to increased disposable income, expanding purchasing power, and rising demand from nations like South Korea to improve one's physical appeal. Additionally, it is anticipated that the presence of well-known cosmetic companies and the creative cosmetic items that local companies are producing will further help the expansion of the target market in this area. Furthermore, China's Dermatoscope market had the highest market share. In contrast, the Asia-Pacific region's Dermatoscope market in India was the one that was growing the quickest.
Dermatoscope Key Market Players & Competitive Insights
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Dermatoscope market grow even more. Important market developments include contractual agreements, new product releases, acquisitions and mergers, greater investments, and collaboration with other organizations. The Dermatoscope must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Dermatoscope to serve clients and expand the market sector. The Dermatoscope has provided some of the most important benefits recently. Canfield Scientific, Inc and other major competitors in the Dermatoscope market are seeking to improve market demand by investing in R&D efforts.
The industry leader in imaging systems, services, and goods for medical, pharmaceutical, biotechnology, cosmetics, and skin care applications and scientific research. As a technology company, they develop cutting-edge technological assets independently and in collaboration with businesses, academia, and research institutions to address challenging issues. They support a fluid client relationship that unites us as a cohesive team to work on creative ideas to advance your company's success and set it apart from the competition. They adopt a hands-on, small-team strategy to quickly plan, prototype, iterate, and produce ground-breaking outcomes. In December 2021, Canfield Scientific, Inc. purchased Medici Medical s.r.l. to improve its market position. Additionally, the business built a cutting-edge plant close to Modena.
Casio Computer Co., Ltd. is an international electronics manufacturing company located in Shibuya, Tokyo, Japan. Its offerings include calculators, cell phones, electronic musical instruments, digital cameras, and analog and digital watches. It was established in 1946, and in 1957 it released the first electronic calculator that was completely portable. It was a pioneer in the development of digital cameras. In the 1980s and 1990s, the business also created the first mass-produced digital timepieces and a variety of accessible home electronic keyboards for musicians. In January 2021, Casio Computer Co., Ltd. introduced the DZ-D100 DERMOCAMERA in conjunction with Chiba University. This device does not need two separate cameras for the inspection because it can capture normal and close-up images.
Key Companies in the Dermatoscopes market include
Dermatoscopes Industry Developments
November 2022:HEINE Optotechnik GmbH & Co. KG announced the increase of its internal production capacity to achieve the highest possible manufacturing output.
September 2022:An academic hospital's institutional review board has given academic tool firm SklipInc permission to conduct clinical trials of its artificial intelligence (A.I.) skin cancer triage system for patients in their homes. The U.S. FDA has already given the Sklip AI their blessing.
July 2022:According to experts at Stanford Medicine, the smartphone app SkinIo is quite effective in detecting skin cancer. The SkinIo app shows problematic photos that can assist doctors in accurately and swiftly detecting skin cancer.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.75 Billion |
| Market Size 2023 | USD 0.84 Billion |
| Market Size 2032 | USD 2.09 Billion |
| Compound Annual Growth Rate (CAGR) | 12.10% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Technology, Modality, End Use And Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Canfield Scientific, Inc.; 3Gen; FotoFinder Systems, Inc.; Optilia; HEINE Optotechnik GmbH & Co. KG; Caliber Imaging & Diagnostics, Inc.; Firefly Global; ILLUCO Corporation Ltd.; Welch Allyn; Bio-Therapeutic, Inc. |
| Key Market Opportunities | Rapid technological advancements |
| Key Market Dynamics | Increase in skin cancer |
Dermatoscopes Market Highlights:
Frequently Asked Questions (FAQ) :
The Dermatoscopes market size was valued at USD 0.75 Billion in 2022.
The market is projected to grow at a CAGR of 12.10% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Canfield Scientific, Inc.; 3Gen; FotoFinder Systems, Inc.; Optilia; HEINE Optotechnik GmbH & Co. KG; Caliber Imaging & Diagnostics, Inc.;.
The Contact Dermatoscope dominated the market in 2022.
The Dermatology Clinics had the largest share in the market.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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