How Will The Online Dermatology Consultation Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s online dermatology consultation market report forecasts the online dermatology consultation market size to grow to $6.51 Billion by 2027, with a CAGR (compound annual growth rate) of more than 15%.
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Online Dermatology Consultation Market Size Forecast
The global online dermatology consultation market is expected to grow from $3.14 billion in 2022 to $3.65 billion in 2023 at a compound annual growth rate (CAGR) of 16.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global online dermatology consultation market size is expected to reach $6.51 billion in 2027 at a CAGR of 15.6%.
North America held the largest online dermatology consultation market share.
Key Online Dermatology Consultation Market Driver – Growth In Rates Of Skin Conditions
According to World Cancer Research Fund International, a UK-based not-for-profit cancer prevention organisation, there will be 324,635 new Melanoma of skin cancer cases in 2020. Furthermore, according to the American Cancer Society, a non-profit organisation located in the United States, a predicted 97,610 new melanomas cases will be detected in 2023, with around 58,120 in men and 39,490 in women. As a result, the surge in skin problem growth rates is propelling the online dermatological consultation market forward.
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Key Online Dermatology Consultation Market Trend – Technological Innovations
Companies in the online dermatological consultation industry are embracing new technology in order to maintain their market position. For example, in September 2022, Oro Health Technology, a telemedicine technology business located in Canada, teamed with MCI Onehealth Inc., a healthcare technology company based in Canada, to create the new ‘MCI Dermatology Connect platform, a technological platform in Ontario. This platform complies with HIPAA standards, ensuring dependable and secure medical processes. This was produced utilising Orio Health’s AI technology and does not require a patient-doctor appointment, decreasing patient waiting time.
Online Dermatology Consultation Market Segment
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
Online Dermatology Consultation Market Major Players and Strategies
Major players in the online dermatology consultation market are Teladoc Health Inc., DermatologistOnCall (Diagnosis), First Derm (iDoc24 Inc.), Doctor On Demand Inc., Lybrate Inc., DocsApp (Phasorz Tech Ltd.), DOCTENA, Babylon, Doctolib, Lagnosis, Apollo TeleHealth, Doxy.me Inc., iCliniq, and CureSkin.
Evernorth Health, Inc., a US-based healthcare services business, bought MDLIVE Group for an unknown sum in April 2021. With this agreement, both organisations hope to speed virtual care delivery to clients and customers in an optimised manner. This acquisition is consistent with the company’s mission of improving access to treatment and health outcomes. MDLIVE is a renowned provider of virtual dermatological healthcare services situated in the United States.
The Online Dermatology Consultation Global Market Report 2023 covers regional data on online dermatology consultation market size, online dermatology consultation market trends and drivers, opportunities, strategies, and online dermatology consultation market competitor analysis. The countries covered in the online dermatology consultation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A virtual or remote medical consultation with a dermatologist conducted via an internet platform or telecommunication technology is referred to as an online dermatology consultation. It enables people to access dermatological consultation, diagnosis, and treatment suggestions from a certified dermatologist without having to physically visit a clinic or hospital.
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