Global Dermatoscopes Market 2017-2021

Global dermatoscopes market forecast

Based on the dermatoscopes market analysis, research analysts at Technavio predict that the global dermatoscopes market will grow steadily at a CAGR of close to 9% by 2021. This market research analysis identifies the high prevalence of skin cancer as one of the primary growth factors for this market. With the increasing pollution, the atmosphere loses its protective filter functions and witnesses a depletion in the ozone levels that result in more solar ultraviolet radiations reaching the surface of the Earth. This will lead to a rise in the prevalence of skin cancer diseases such as non-melanoma and melanoma, which will conseuently drive the need for dermatoscopes.

With the rising consciousness among people about their physical appearance, there is a growing preference towards dermatology since it is considered as one of the most-effective methods to enhance an individual’s aesthetic appearance. According to this market research and analysis, this growing importance of dermatology in the cosmetic industry is one of the major trends that will gain traction in the dermatoscopes market in the coming years.

Competitive landscape and key vendors

The dermatoscopes market appears to be competitive. The regional players provide products at a much lesser price and pose a stiff competition to the global companies, especially in the low-end markets. The well-established players focus on the development of innovative and user-friendly products and make huge investments towards manufacturing and delivering innovative products, which will help them expand their product portfolio.

The leading vendors in the market are -

• Canfield Scientific
• Dermlite
• FotoFinder Systems
• HEINE Optotechnik
• Optilia Instruments

The other prominent vendors in the market include AMD Global Telemedicine, Caliber I.D., Dino-Lite, Firefly Global, ILLUCO Corporation, Kawe, Opticlar, Rudolf Rieste, and Welch Allyn.

Segmentation by product type and analysis of the dermatoscopes market

• Traditional dermatoscope
• Digital dermatoscope

During 2016, the traditional dermatoscope segment accounted for the major shares of this market. Traditional dermatoscopes have several components, including a magnifier, a transparent plate, and a light source and help clinicians observe and analyze tumors or lesions in the skin. Traditional dermatoscopes have a bright image and have a heavy handle unlike newer devices that are more portable and compact.

Geographical segmentation and analysis of the dermatoscopes market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. This mainly attributes to the increasing demand for dermatologists and the growing awareness of skin disorders in countries such as Mexico. Additionally, the expected increase in the geriatric population in countries such as the US will also augment the market’s growth prospects in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global dermatoscopes market?
• What are the key market trends impacting the growth of the global dermatoscopes market?
• What are the challenges to market growth?
• Who are the key vendors in the global dermatoscopes market?
• What are the market opportunities and threats faced by the vendors in the global dermatoscopes market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global dermatoscopes market?

Technavio also offers customization on reports based on specific client requirement