The Online Dermatology Consultation by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Online Dermatology Consultation, The online dermatology consultation market size has grown rapidly in recent years. It will grow from $3.65 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to increasing skin health awareness, convenience and accessibility, covid-19 pandemic impact, cost-efficiency.
The online dermatology consultation market size is expected to see rapid growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to ai integration, expansion of e-health platforms, regulatory support, patient-centric approach, global health events. Major trends in the forecast period include regulatory and reimbursement changes, enhanced data security measures, patient education and engagement, advanced imaging technologies, artificial intelligence (ai) assistance.
The growing rates of skin conditions are expected to propel the growth of the online dermatology consultation market going forward. Skin conditions refer to dermatologic conditions or skin disorders such as acne, eczema, skin cancer, psoriasis, and vitiligo that affect the skin. Online dermatology consultation, known as tele dermatology, allows patients to consult with dermatologists virtually using telecommunication technologies and provides efficient, convenient, and cost-effective diagnosis and treatment. For instance, in December 2022, according to the data published by ‘The National Psoriasis Foundation, a US-based, organization associated with the awareness related to psoriatic disease, 2022, more than 8 million cases of psoriasis were recorded in the US, which increased from 7.5 million in previous year 2021. Therefore, the rise in the growth rates of skin conditions is driving the growth of the online dermatology consultation market.
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The online dermatology consultation market covered in this report is segmented –
1) By Modality: Store-And-Forward (Asynchronous), Real-Time (Synchronous), Other Types
2) By Application: Skin Care, Hair Loss, Sign of Aging, Other Applications
3) By End-User: Healthcare Facilities, Homecare, Other End Users
Technological innovations are a key trend gaining popularity in the online dermatology consultation market. Companies operating in the online dermatology consultation market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Oro Health Technology, a Canada-based telemedicine technology company partnered with MCI Onehealth Inc., a Canada-based healthcare technology company, and launched the new ‘MCI Dermatology Connect platform, a technological platform in Ontario. This platform is compatible with HIPAA norms thus providing reliable and highly secure medical processes. This is created using Orio Health’s AI technology and does not require an appointment between the patient and the doctor reducing waiting time for the patients.
The online dermatology consultation market report table of contents includes:
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