With 14.9% CAGR, Online Dermatology Consultations Market Size to Surpass Around USD 7.38 Billion by 2029

·7 min read
Fortune Business Insights
Fortune Business Insights

According to Fortune Business Insights, Online Dermatology Consultations Market to Reach USD 7.38 Billion by 2029; Rising Incidences of Dermatological Conditions to Propel Growth

Pune, India, June 27, 2022 (GLOBE NEWSWIRE) -- The online dermatology consultations market size was valued at USD 2.44 billion in 2021. The market size is expected to rise from USD 2.80 billion in 2022 to USD 7.38 billion by 2029 at a CAGR of 14.9% during the projected period. Fortune Business Insights™ publishes this information in a report titled, "Online Dermatology Consultations Market, 2022-2029". According to the report, the market is expected to rise during the forecast period due to increasing incidence of dermatological conditions.

Key Industry Development:

  • April 2021: Evernorth acquired MDLIVE to boost virtual care capabilities and lower the cost of care.


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Report Scope & Segmentation

Report Coverage

Details

Forecast Period

2022 to 2029

Forecast Period 2022 to 2029 CAGR

14.9%

2029 Value Projection

USD 7.38 Billion

Base Year

2021

Market Size in 2022

USD 2.80 Billion

Historical Data for

2018 to 2020

No. of Pages

359


Regional Insights:

North America Dominates the Market Due to Emerging Technologies

North America dominates the global online dermatology consultations market share due to increasing adoption of technological advancements and penetration of online platforms. The regional market stood at USD 1.15 billion in 2021.

Europe holds the second-largest market share due to increasing implementation of latest technologies. Also, rising investments in the healthcare sector are expected to bolster market growth.


COVID-19 Impact:

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Lockdown Restriction & Social Distancing Norms to Bolster Market Growth

The outbreak of COVID-19 pandemic affected various industries. The market growth of online dermatology consultations is attributed to the increasing adoption of telemedicine/teledermatology, which was bolstered by favorable regulations and restrictions on in-person patient visits. The sudden lockdown and social distancing norms restricted patients' clinical visits, which supported the online dermatology consultations market growth during the pandemic period.

Report Coverage:

The report sheds light on recent developments and current market trends. Also, drivers and restraints affecting the market growth are highlighted further in this report. The impact of COVID-19 pandemic on the global market share is discussed along with the business development strategies adopted by key market players. Furthermore, regional market insights and recent launches by prominent players are given in this report.

Segments:

Segmentation

By Modality

  • Store-and-forward (Asynchronous)

  • Real-time (Synchronous)

  • Others

 

By End-user

  • Healthcare Facilities

  • Homecare

 

By Geography

  • North America (By Modality, End-user, Country)

    • U.S. (By Modality)

    • Canada (By Modality)

  • Europe (By Modality, End-user, Country/Sub-Region)

    • Germany (By Modality)

    • France (By Modality)

    • U.K. (By Modality)

    • Spain (By Modality)

    • Italy (By Modality)

    • Scandinavia (By Modality)

    • Rest of Europe (By Modality)

  • Asia Pacific (By Modality, End-user, Country/Sub-Region)

    • Japan (By Modality)

    • China (By Modality)

    • India (By Modality)

    • Indonesia (By Modality)

    • Australia (By Modality)

    • Southeast Asia (By Modality)

    • Rest of Asia Pacific (By Modality)

  • Latin America (By Modality, End-user, Country/Sub-Region)

    • Brazil (By Modality)

    • Rest of Latin America (By Modality)

  • Middle East & Africa (By Modality, End-user)

 


Increasing Demand for Store-and-forward Modality to Augment Growth

By modality, the market is trifurcated into store-and-forward (asynchronous), real-time (synchronous), and others. The store-and-forward segment is expected to dominate the market share due to the accuracy of diagnosis in online dermatology.

Homecare Segment to Witness Growth Due to Rising Demand 

Based on end-user, the market is bifurcated into healthcare facilities and homecare. The homecare segment is anticipated to hold the highest market share due to rising demand by physicians and dermatologists.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


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Drivers & Restraints:

Rising Incidences of Dermatological Conditions to Augment Growth

The market for online dermatology consultations is expected to witness significant growth during the forecast period. The market growth is attributed to the shortage of dermatologists and the rising population with skin concerns. Also, the increasing incidence of dermatological conditions is expected to augment the market growth.

However, a decline in telemedicine usage among physicians, post-pandemic may hamper the market growth.


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Competitive Landscape:

Key Players to Provide Enhanced Services to Strengthen their Market Position 

The key market players focus on forming strategic alliances and acquiring supportive organizations to expand their business reach and profitability. Also, the rising adoption of technological advancements in the healthcare sector allows the key market players to enhance their product portfolios. Also, innovative product development strategies allow key market players to launch new products and meet customer demands. For example, Teladoc Health Inc. collaborated with Microsoft for the integration of health systems and hospitals into the Microsoft Teams environment in 2021. This collaboration has facilitated the company to expand its portfolio, owing to wider consumer preference and strengthening physician and patient access to virtual healthcare. 

List of Key Players Profiled in the Report:  

  • Teladoc Health, Inc. (U.S.)

  • MDLIVE (Cigna) (U.S.)

  • DermatologistOnCall (Iagnosis) (U.S.)

  • Doxy.me Inc. (U.S.)

  • First Derm (iDoc24 Inc.) (U.S.)

  • Amwell (American Well) (U.S.)

  • Doctor On Demand, Inc. (U.S.)

  • Practo (India)

  • Lybrate, Inc. (India)

  • mfine (Novocura Tech Health Services) (India)

  • Apollo TeleHealth (India)

  • Tata 1mg (India)

  • DocsApp (Phasorz Tech Ltd.) (India)

  • HALODOC (Indonesia)

  • SehatQ (Indonesia)

  • Alodokter (Indonesia)

  • jameda GmbH (DocPlanner Group) (Germany)

  • OnlineDoctor 24 GmbH (Germany)

  • DOCTENA (Luxembourg)

  • Doctolib (France)

  • Qare (HealthHero) (France)

  • Consulib (France)

  • Doctoralia Internet SL (DocPlanner Group) (Spain)

  • TOP DOCTORS INC (Spain)

  • MediQuo (Spain)

  • Dottori.it (Italy)

  • Pazienti.it (Pazienti.org s.r.l.) (Italy)

  • miodottore.it (DocPlanner Group) (Italy)

  • Babylon (U.K)

  • Push Doctor (U.K)

  • Livi (Kry International AB) (U.K)

  • HealthHero (U.K)

  • Pocket Doctor (MRT Inc.) (Japan)

  • Medley, Inc. (Japan)

  • LINE Healthcare (LINE Corporation) (Japan)

  • Curon (MICIN, Inc.) (Japan)

  • Chunyu Doctor (Beijing Chunyu Tianxia Software Co., Ltd.) (China)

  • PING AN HEALTHCARE AND TECHNOLOGY COMPANY LIMITED (China)

  • Hangzhou WeDoctor Health Technology Co., Ltd. (China)

  • Beijing Jingdong Technology Co., Ltd. (China)

  • DermatoVirtual (Brazil)

  • Conexa (Brazil)

  • Médico24hs (Brasil Telemedicina Serviços Médicos Ltda) (Brazil)

  • Portal Telemedicina (Brazil)


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Some major points from Table of Content:

  • Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  • Executive Summary

  • Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  • Key Insights

    • Reimbursement and Legal Aspect Overview – USA, UK, Germany, Italy, France, Spain, China, India, Japan, Indonesia and Brazil

    • Key Teledermatology Partnerships

    • Estimated number of Online Dermatology Consultations, 2019, 2021 and 2029 - USA, UK, Germany, Italy, France, Spain, China, India, Japan, Indonesia and Brazil

    • State of Telehealth Maturity – Global, Americas, Europe and Asia Pacific

    • Breakdown of Online Dermatology Consultation Market by Medical vs. Aesthetics and Application, 2021 – Global

    • Proportion of Dermatologists using Telemedicine, 2019 and 2021 - USA, UK, Germany, Italy, France, Spain, China, India, Japan, Indonesia and Brazil

    • Overview of the Global Teledermatology Market, 2021

    • Impact of COVID-19 on the Online Dermatology Consultation Market

    • Breakdown of Online Dermatology Consultations by Type of Physicians, 2021

  • Global Online Dermatology Consultation Market Analysis, Insights and Forecast, 2018-2029

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – by Modality

      • Store-and-forward  (Asynchronous)

      • Real Time (Synchronous)

      • Others

    • Market Analysis, Insights and Forecast – by End User

      • Healthcare Facilities

      • Homecare

    • Market Analysis, Insights and Forecast – by Region

      • North America

      • Europe

      • Asia Pacific

      • Latin America

      • Middle East & Africa

  • North America Online Dermatology Consultation Market Analysis, Insights and Forecast, 2019-2029

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – by Modality

      • Store-and-forward  (Asynchronous)

      • Real Time (Synchronous)

      • Others

    • Market Analysis, Insights and Forecast – by End User

      • Healthcare Facilities

      • Homecare

    • Market Analysis, Insights and Forecast  – by Country

      • U.S.

        • By Modality

      • Canada

        • By Modality

Toc Continued...


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