Dermatoscopes Market Report

Dermatoscopes Market Analysis Report By Technology (LED, Xenon, Halogen, UV), By Product (Contact, Hybrid, Noncontact), By Modality (Handheld, Headband), By End Use, And Segment Forecasts, 2018 - 2025

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-470-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 98

Industry Insights

The global dermatoscopes market size was valued at USD 616.3 million in 2017. It is likely to witness lucrative growth of 13.6% over the forecast period. Increasing prevalence of skin cancer is one of the primary factors driving the market. 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 strong need to treat these conditions as well as minimize deaths caused by them, there is high demand for sophisticated diagnostic techniques for chronic skin disorders.

Widespread awareness about skin cancer has led to high growth in the demand for dermatology-related diagnostics. Several awareness programs are being implemented, which are raising awareness about adverse effects of skin cancer. For instance, Cancer Council Australia and the Australasian College of Dermatologists collaborate every year for National Skin Cancer Action Week. Such initiatives are expected to spur the growth of the market during the forecast period.

U.S. dermatoscopes market

Over the past few years, there has been an increase in introduction of technologically advanced products, which has led to wide availability of different diagnostic devices for detection of skin disorders. Healthcare professionals are using these devices to diagnose various skin diseases, which have proved to be highly effective and productive as compared to conventional diagnostic methods.

On the other hand, rapid technological advancements are leading to spike in prices of dermatoscopes, which is making them less affordable for people in developing regions. This is, thereby, anticipated to hamper the growth of the market. Nevertheless, growing inclination towards dermatology in order to enhance aesthetic appearance is projected to stoke the growth of the market during the forecast period.

Product Insights

On the basis of product, contact dermatoscopes held the largest share in the market in 2017. 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.

In 2017, 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.

Technology Insights

On the basis of technology, LED dominated the global dermatoscopes market in 2017. 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 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 workplace with high-resolution image quality and ultraviolet light.

Modality Insights

On the basis of modality, handheld devices dominated the market in 2017 owing to 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.

End-use Insights

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 2017. Increasing prevalence of skin cancer and melanoma is boosting number of patients who visit dermatology clinics for treatment and care. Availability of sophisticated and technologically advanced medical equipment at dermatology clinics provides patients quick and rapid diagnosis, which, in turn, provides better treatment.

U.K. dermatoscopes market

Hospitals held a significant share in 2017 owing to high risk of skin cancer. Patients diagnosed with cancer are likelier to visit hospitals for advanced diagnosis and treatment. In addition, easy availability of specialized doctors in hospitals aids convenient cancer diagnosis and treatment.

Regional Insights

In 2017, North America was the leading revenue contributor in the market. High prevalence of skin diseases, presence of advanced healthcare infrastructure, medical device manufacturers, and economic development are some of key growth stimulants for the regional market.

Europe held a sizeable share in the market in 2017 owing to high adoption of technologically advanced devices for the diagnosis of skin cancer, inflammatory dermatoses, and lesions, especially in Germany. Increasing incidence of skin related diseases in the U.K. is contributing to the growth of the regional market.

Asia Pacific is projected to register the highest CAGR during the forecast period owing to high prevalence of basal cell carcinoma, melanoma, squamous cell carcinoma, actinic keratosis, inflammatory dermatoses, and nonpigmented skin lesions in the region.

Dermatoscopes Market Share Insights

Some of the prominent companies operating in the market are 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.

Key manufacturers are continuously adopting strategic initiatives such as mergers and acquisitions, new product development, and geographic expansion. For instance, in March 2017, Canfield commercially launched its VECTRA WB360 whole-body skin lesion mapping system.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast Period

2018 - 2025

Market Representation

Revenue in USD Million & CAGR from 2018 to 2025

Regional Scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, U.K., Germany, Japan, India, China, Brazil, Mexico, South Africa

Report coverage  

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis of the industry trends in each of the subsegments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global dermatoscopes market report on the basis of product, technology, modality, end use, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Contact Dermatoscope

    • Hybrid Dermatoscope

    • Noncontact Dermatoscope

  • Technology Outlook (Revenue, USD Million, 2014 - 2025)

    • LED

    • Xenon

    • Halogen

    • Ultraviolet

  • Modality Outlook (Revenue, USD Million, 2014 - 2025)

    • Handheld

    • Trolley Mounted

    • Headband

  • End-Use Outlook (Revenue, USD Million, 2014 - 2025)

    • Dermatology Clinics

    • Hospitals

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

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