Dermatoscopes Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Dermatoscopes market size is expected to be worth around US$ 2.7 billion by 2030, according to a new report by Vision Research Reports.

The global Dermatoscopes market size was valued at US$ 716.3 million in 2020 and is anticipated to grow at a CAGR of 15.6% during forecast period 2021 to 2030.

Growth Factors

The American Academy of Dermatology (AAD) estimated that one in three Americans visit dermatologists and one in four are affected by skin disease every year. Hence, owing to a strong need to treat these conditions as well as minimize deaths caused by them, there is a high demand for sophisticated diagnostic techniques for chronic skin disorders.

Dermatoscopy plays a vital role in screening for skin cancer, which has resulted in early detection and identification of pigmented lesions. Benign pigmented moles possess a certain risk of developing melanoma.

Skin cancer is a chronic disease affecting a large population of the world. Rising incidence of melanoma and nonmelanoma skin cancers is providing an upthrust to the market. Certain moles, such as giant congenital pigmented hairy moles, are at high risk of developing melanoma. This has boosted the need for effective diagnosis with dermatoscopes.

Early detection has been proved to be very useful in its effective treatment. Hence, rising number of awareness campaigns is estimated to fuel the demand for dermatoscopes, which is anticipated to propel the market. Earlier, the usage of these technologically advanced devices was limited to detection of noninvasive melanoma. However, with technological advancements, their application has widened to advanced diagnosis of various skin disorders.

Report Highlights

Based on the product, contact dermatoscopes held the largest share in the market in 2020. A large variety of these devices is available, such as those with LED or halogen bulbs, optical lenses, and power sources that include rechargeable batteries.

Hybrid dermatoscopes are poised to exhibit lucrative growth over the forecast period. These novel medical devices possess qualities of contact as well as noncontact dermatoscopes. They also combine polarized and nonpolarized modes for purpose of imaging. The Dermlite DL200 developed by 3Gen Company is a hybrid dermatoscope that combines nonpolarized and polarized illumination for enhanced visualization of vascular structures and pigment.

noncontact dermatoscopes held a significant share of the market. These instruments are new-age medical devices that exhibit increased efficiency and effectiveness. They aid in early detection of skin melanoma and other lesions owing to which their adoption is rising.

Based on technology, LED dominated the global dermatoscopes market in 2020. It is also anticipated to exhibit the fastest growth over the forecast period. This technology is being increasingly used as LEDs produce less heat during illumination and prevent accidental fatalities. The illumination offered by these bulbs is also brighter than xenon and halogen bulbs.

Xenon technology and halogen lights are likely to account for relatively smaller shares in the market throughout the forecast period. Halogens produce a large quantity of heat, which can cause fatalities in medical settings where they are used. Similarly, xenon lights have several disadvantages.

Ultraviolet technology is expected to witness lucrative CAGR during the forecast period owing to its introduction as a novel technology in the field of dermatoscopy. Lumio UV, manufactured by 3Gen, helps capture clinical images quickly and easily in the workplace with high-resolution image quality and ultraviolet light.

Based on modality, handheld devices dominated the market in 2020 owing to the convenient usage of these products. Enhanced visualization offered by them allows dermatologists to understand various conditions better. In contrast to trolley-mounted dermatoscopes, these instruments are lightweight and offer an enhanced viewing experience, owing to which their adoption is increasing.

The growth of the trolley-mounted instruments segment is estimated to be limited by their high price and portability. However, they are useful for mapping out and monitoring several skin diseases and lesions. These devices are designed to provide images of the entire body and capture the entire skin surface in a few clicks.

Headband dermatoscopes are anticipated to exhibit a significant CAGR over the forecast period owing to novel technology associated with these devices. These devices are worn by dermatologists on their head to illuminate lesions on a patient’s skin.

Based on end-use, the market is bifurcated into dermatology clinics and hospitals. Dermatology clinics represented the leading share in the market in terms of revenue in 2020. Increasing prevalence of skin cancer and melanoma is boosting the number of patients who visit dermatology clinics for treatment and care. The availability of sophisticated and technologically advanced medical equipment at dermatology clinics provides patients quick and rapid diagnosis, which, in turn, provides the better treatment. 

Hospitals held a significant share in 2020 owing to the high risk of skin cancer. Patients diagnosed with cancer are likelier to visit hospitals for advanced diagnosis and treatment. Also, the easy availability of specialized doctors in hospitals aids convenient cancer diagnosis and treatment.

North America was the leading revenue contributor to the market. High prevalence of skin diseases, the presence of advanced healthcare infrastructure, medical device manufacturers, and economic development are some of the key growth stimulants for the regional market.

Europe held a sizeable share in the market in 2020 owing to the high adoption of technologically advanced devices for the diagnosis of skin cancer, inflammatory dermatoses, and lesions, especially in Germany. Increasing the incidence of skin-related diseases in the U.K. is contributing to the growth of the regional market.

Key Players

Canfield Scientific, Inc.; 3Gen; FotoFinder Systems, Inc.; Optilia; HEINE Optotechnik GmbH & Co. KG; Caliber Imaging & Diagnostics, Inc.; Firefly Global; ILLUCO Corporation Ltd.; Welch Allyn; and Bio-Therapeutic, Inc.

Market Segmentation

  • Product Outlook

    • Contact Dermatoscope

    • Hybrid Dermatoscope

    • Noncontact Dermatoscope

  • Technology Outlook

    • LED

    • Xenon

    • Halogen

    • Ultraviolet

  • Modality Outlook 

    • Handheld

    • Trolley Mounted

    • Headband

  • End-Use Outlook 

    • Dermatology Clinics

    • Hospitals

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

The Dermatoscopes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Dermatoscopes market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Dermatoscopes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Dermatoscopes market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Dermatoscopes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Dermatoscopes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Dermatoscopes by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Dermatoscopes market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Dermatoscopes market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Dermatoscopes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Dermatoscopes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Dermatoscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Dermatoscopes market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Dermatoscopes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Dermatoscopes market. These factors have benefited the growth of the global market for Dermatoscopes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Dermatoscopes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Dermatoscopes are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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