Dermatoscope Market is expected to grow at a CAGR of 12.39% through 2031

Increasing prevalence of skin cancer is expected to drive the growth of global dermatoscope market during the forecast period.

According to TechSci Research report, “Dermatoscope Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031F”, the Global Dermatoscope Market will grow from USD 967.91 Million in 2025 to USD 1950.31 Million by 2031 at a 12.39% CAGR. Additionally, the flourishing cosmetic industry worldwide is further expected to support the market growth. 

However, the availability of alternatives such as SPECT & PET for the examination and diagnosis of various skin lesions may constrain global dermatoscope market growth over the forecast period. Furthermore, the development of biological agents for melanoma detection can further restrict the growth of the global dermatoscope market during the forecast period.

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The global dermatoscope market is segmented by product, technology, modality, application, end user, and region.

Based on modality, the market can be categorized into handheld, trolley-mounted, and headband. The handheld modality led the market in 2021 due to appropriate product use. They provide an improved visualization that helps dermatologists understand a wide range of problems. Trolley-mounted dermatoscopes are lightweight and provide a better viewing experience, which is why their use is increasing.

Based on application, the dermatoscope market is segmented into skin tumors, fungal infections, warts, scabies, and other conditions. The skin tumors segment is expected to dominate the market over the next few years, owing to the growing prevalence of various skin cancers worldwide, which require dermatoscopes for lesion examination.

By technology, the global dermatoscope market can be segmented into LED, xenon, halogen, and ultraviolet. LED technology dominated the market in 2021 and is expected to maintain its dominance during the forecast period, as LEDs produce less heat during operation and reduce accidental fatalities. These bulbs provide illumination that is also brighter than that provide by halogen and xenon bulbs. Xenon technology and halogen lights are expected to maintain relatively small market shares during the forecast period. Halogens produce a huge quantity of heat that can cause fatalities in medical settings where they are applied. Similarly, xenon lights have several drawbacks. Ultraviolet technology is expected to experience substantial growth over the forecast period, owing to its recent introduction in dermatoscopy.

Major companies operating in global dermatoscope market include:

• Canfield Scientific, Inc.
• FotoFinder Systems, Inc.
• HEINE Optotechnik GmbH & Co. KG
• Caliber Imaging & Diagnostics, Inc.
• ILLUCO Corporation Ltd.
• Bio-Therapeutic, Inc.
• Optilia Instruments AB
• Rudolf Riester GmbH
• NIDEK CO., LTD.
• KIRCHNER & WILHELM GmbH + Co. KG

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“Asia Pacific region is expected to register the highest growth in the global dermatoscope market on account of the growing prevalence of different skin problems such as basal cell carcinoma, melanoma, squamous cell carcinoma, actinic keratosis, among others in different countries across the region, especially the two of the world’s highly populous countries China and India. Additionally, the presence of various regional players manufacturing dermatoscopes at an affordable cost, especially in China, is expected to support the market growth in the region. Furthermore, growing healthcare expenditure coupled with increasing healthcare awareness among the population in the region is expected to create lucrative opportunities for the overall market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Dermatoscope Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Contact Dermatoscope, Hybrid Dermatoscope, Noncontact Dermatoscope), By Technology (LED, Xenon, Halogen, Ultraviolet), By Modality (Handheld, Trolley Mounted, Headband), By Application (Skin Tumors, Fungal Infections, Warts, Scabies, Others), By End User (Dermatology Clinics, Hospitals, Others), By Region 2021-2031F”, has evaluated the future growth potential of global dermatoscope market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global dermatoscope market.

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