Teledermatology is a segment of dermatology that involves telecommunication technologies and digital exchange of medical information for diagnosis, monitoring, and treatment of skin conditions such as eczema, melanoma, psoriasis, and others. Some of the applications of teledermatology are healthcare management and medical education. Healthcare management comprises of direct consultation, telediagnosis, telehomecare, and others. In direct consultation, the patient contacts a dermatologist via telecommunication to book an appointment for consultation, diagnosis, and treatment. Mobile applications play a major role in such appointment bookings. Telediagnosis uses a triage tool which uses artificial intelligence (AI) software to predict patient outcomes based on the predictive data present in the AI system database. Telehomecare, also known as home telehealth involves examination of skin conditions remotely at the comfort of one’s home. Telehomecare is commonly used for follow up treatment of patients suffering from skin conditions such as psoriasis, chronic ulcers, and others.
The global teledermatology market is estimated to be valued at US$ 7,374.5 million in 2021 and is expected to exhibit a CAGR of 23.5% over the forecast period (2021-2028).
Figure 1. Global Teledermatology Market Share (%), By Region, 2021
The increasing prevalence of skin conditions and skin tumors is expected to drive the growth of the global teledermatology market over the forecast period.
For instance, according to an article published by the JAMA Dermatology Journal in June 2021, the prevalence of psoriasis, an itchy skin condition in adults above the age of 20 years in the U.S. was estimated to be 3% based on the epidemiological data collected between July 2019 and December 2020. The same source estimates that around 7.55 million adults in the U.S. suffered from psoriasis in 2020.
Moreover, according to data provided by the National Psoriasis Foundation, U.S. in 2020, it is estimated that around 2% to 3% of the world’s population or 125 million people across the globe suffered from psoriasis in 2019.
Figure 2. Global Teledermatology Market Value (US$ Mn), By Type, 2021
The increasing product launches and approvals for the development of innovative solutions for diagnosis and treatment of skin conditions is expected to drive the market growth over the forecast period.
For instance, in March 2020, Integrated Dermatology, a U.S. based medical and cosmetic solution provider launched its new teledermatology virtual service to provide a real time video consultation with a dermatologist for common skin conditions such as acne, eczema, rashes, shingles, lesions, psoriasis, cold sores, wounds, and others.
|Base Year:||2020||Market Size in 2021:||US$ 7,374.5 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||23.5%||2028 Value Projection:||US$ 32,314.6 Mn|
Aerotel Medical Systems Ltd., MDLIVE, Visby Medical, Inc., Ksyos, VigNet Inc., Allscripts Healthcare, LLC, 3Derm, McKesson Corporation, CureSkin, Honeywell Life Care Solutions, MetaOptima, Philips Healthcare, 3Gen Consulting, AMD Global Telemedicine, GE Healthcare, and First Derm
|Restraints & Challenges:||
The investments made by various governments for the development of innovative solutions for diagnosis and treatment of skin cancer is expected to drive the market growth over the forecast period.
For instance, in July 2021, National Health Service (NHS), U.K. announced an investment of US$ 27.7 million (£20 million) to support teledermatology service wherein skin snaps of patients suspected to be suffering from skin cancer would be sent to hospitals for same day diagnosis of skin cancer. This diagnostic teledermatology service is expected to aid in early detection of skin cancer remotely from the patient’s home and allow for quicker treatment of skin cancer.
Global Teledermatology Market – Impact of Coronavirus (COVID-19) Pandemic
Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 197,788,117 cases and 4,219,578 deaths due to Coronavirus (COVID-19) were reported till August 3, 2021, across the globe.
The COVID-19 pandemic and lockdown in various countries across the globe has negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. However, COVID-19 pandemic is expected to have a positive impact on teledermatology market in this COVID-19 pandemic owing to need for non-contact healthcare solutions to curb the spread of COVID-19 infection.
For instance, in April 2020, Sakhiya Skin Clinic, an Indian dermatological clinic launched free skin care consultation and treatment service across India via real time teledermatology, wherein the patient and the dermatologist would exchange medical information regarding the skin conditions using video conferencing. Such launches of teledermatology services help the market players to address the COVID-19 pandemic as it offers contactless dermatological care solution for the patients and reduces the risk of transmission of COVID-19 via personal contact.
Moreover, according to an article published by the Journal of the German Society of Dermatology in July 2020, two surveys were carried out amongst dermatologists in India and the U.S. which revealed that more than 80% dermatologists offered teledermatology services during the COVID-19 pandemic. Teledermatology has helped conquer the limitations of personal dermatological care during nationwide lockdowns imposed in the wake of COVID-19 pandemic by offering a digital platform for audio or video consultation for skin diseases and cancer.
Global Teledermatology Market - Restraint
The lack of proper internet infrastructure in underdeveloped and developing countries such as Bangladesh, Africa, Afghanistan, and others, low reimbursement, connectivity issues during virtual teledermatology visits, and lack of proper epidemiological data related to skin conditions are the factors that are expected to hinder growth of the global teledermatology market over the forecast period. For instance, according to an article published by the British Medical Journal (BMJ) in May 2020, around 81% countries of the world lack epidemiological data with regards to psoriasis, a skin condition wherein itchy scale like patches are formed on the skin.
Major players operating in the global teledermatology market include Aerotel Medical Systems Ltd., MDLIVE, Visby Medical, Inc., Ksyos, VigNet Inc., Allscripts Healthcare, LLC, 3Derm, McKesson Corporation, CureSkin, Honeywell Life Care Solutions, MetaOptima, Philips Healthcare, 3Gen Consulting, AMD Global Telemedicine, GE Healthcare, and First Derm
Teledermatology is one of the most common applications of telemedicine, wherein telecommunication is used to exchange medical information regarding skin conditions such as skin tumor without any physical contact between the patient and the dermatologist. Teledermatology can be performed using two approaches: store and forward (SAF) and real time/live interactive teledermatology. Store and forward approach involves forwarding digital images concerned with medical information to the data storage unit of the dermatologist. It is as simple as sending a digital image of the skin condition over an email to seek consultation from the dermatologist. Store and forward approach does not require expensive equipment and does not demand presence of both the receiver and sender at the same time. In real time/live interactive teledermatology, the patient and the dermatologist interact via live videoconferencing. It may also involve use of telerobotic microscopes and remote surgery. Real time/live interactive teledermatology involves highly sophisticated and costly equipment. Moreover, it requires the presence of both the receiver and sender at the same time. Teledermatology uses non-invasive technologies for imaging such as medical photography, dermoscopy, confocal microscopy, ultrasound, and others.
The increasing incidence of skin conditions, rising investments by various government in telemedicine, and increasing adoption of inorganic growth strategies such as acquisitions and collaborations by key players operating in the market, are the major factors that are expected to drive growth of the global teledermatology market over the forecast period.
For instance, according to a review article published by Acta Dermato-Venereologica, a scientific journal in the field of dermatology and venereology in May 2020, on the basis of epidemiological data collected from year 1958-2018 it is estimated that every year around 17.1% of adults and 22.6% of children were diagnosed with atopic dermatitis globally. Atopic dermatitis, a form of eczema, is an inflammatory skin condition which affects both children and adults. The same source states that around 9.6% new cases of atopic dermatitis were diagnosed in children around the world.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.