Dermatology Endoscopy Devices Market - Introduction

Dermatology endoscopy devices are non-invasive devices used for early diagnosis of skin lesions, tumors, psoriasis, and other dermatological conditions. Dermatoscopes   that penetrates inside the skin and helps visualize subsurface skin structures and lesions. Dermatoscopes are used by dermatologists to differentiate between benign and malignant skin lesions. There are various forms of dermatoscopes such as polarized, non-polarized, and hybrid. These help in the diagnosis of various skin diseases such as skin cancers, skin lesions and inflammations, and alopecia.

Dermatology Endoscopy Devices Market – Competitive Landscape

  • In April 2018, Firefly Global showcased its range of products, including wired and wireless video otoscopes, wireless digital dermatoscopes and digital iris scope, at the American Telemedicine Association (ATA 2018) held at Chicago, the U.S. This strategy enables the company to create brand awareness and expand its customer base. 

Founded in1991, FotoFinder Systems GmbH is based in Bavaria, Germany. It is a family-owned company that specializes in skin cancer diagnostics through digital dermoscopy and Automated Total Body Mapping (ATBM). The company is a technology leader engaged in psoriasis documentation, hair diagnostics, and esthetics imaging. Its products are used in clinical dermatology and research. FotoFinder Systems GmbH offers novel products such as handyscope, which is a digital mobile dermatoscope connected with smartphone. It is used for evaluating lesions and capturing images of moles, scalp, and hair.

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Firefly Global

Based in Belmont, the U.S., Firefly Global is a leading manufacturer and provider of wired and wireless portable microscopes, endoscopes, otoscopes, dermatoscopes, and magnifying cameras for diagnostic purposes. The company offers diverse products and solutions for a wide range of industries including cosmetics, ENT, dermatology, audiology, gemology, telemedicine, primary care, pediatrics, and veterinary. It invests significantly in R&D activities to develop novel products. The company has strong geographical footprint across the globe.

Other prominent players operating in the global dermatology endoscopy devices market are Heine optotechnik, 3Gen/Dermlite, MetaOptima Technology Inc., Optilia Instruments AB, KIRCHNER & WILHELM GmbH + Co. KG (KaWe Medical), AMD Global Telemedicine, Inc., and Canfield Scientific, Inc.

Dermatology Endoscopy Devices Market - Dynamics

Rise in Incidence of Skin Diseases Driving Global Market

Increase in incidence of skin cancer across the globe is a major factor driving the global dermatology endoscopy devices market. Based on World Cancer Research Fund (WCRF), in 2018, nearly 3, 00,000 new cases of melanoma and 1 million cases of non-melanoma skin cancer were diagnosed globally. Furthermore, according to the American Academy of Dermatology, skin cancer is the most common cancer in the U.S. with approximately 9,500 cases diagnosed every day. Furthermore, one in five people in the U.S. develop skin cancer during their lifetime. These factors are anticipated to boost the demand for dermatology endoscopy devices in the near future.

Rapid Technological Advancement Propels Dermatology Endoscopy Devices Market

Increase in focus of industry players to develop technologically advanced products such as mobile dermatoscopes and video dermatoscopes involving integration of smartphones and software to dermatoscopes is other factor likely to boost the dermatology endoscopy devices market during the forecast period. DE300 Digital Video Dermatoscope, DermLite Foto X, medicam 1000s, and VISIOMED D200EVO are some of the digital video dermatoscopes available in the market. 

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North America Dominates Dermatology Endoscopy Devices Market, while Asia Pacific to Provide Lucrative Growth Opportunities

North America is estimated to account for dominant share of the global market between 2019 and 2027. Rapid adoption of advanced products such as digital video dermatoscopes by dermatologists, increase in incidence of skin cancer cases in the U.S., and adoption of teledermatology in clinical practices for early and effective disease diagnosis are key factors expected to drive the dermatology endoscopy devices market in North America during the forecast period. For instance, each year, 3 million people in the U.S. are afflicted with non-melanoma skin cancer including squamous cell carcinoma and basal cell carcinoma, while more than 1 million people are affected by melanoma in the country.

The dermatology endoscopy devices market in Asia Pacific is estimated to expand at a rapid pace owing to the high rate of skin cancer in Australia and New Zealand. Increase in awareness about diagnosis of skin cancer and rise in skin cancer rates owing to the increase in exposure to UV rays in emerging countries, including India and China, are anticipated to drive the market in Asia Pacific in the next few years.

Dermatology Endoscopy Devices Market – Segmentation

The dermatology endoscopy devices market can be segmented based on:

  • Product
  • Type
  • Light Source
  • Modality
  • Application
  • Region

Dermatology Endoscopy Devices Market Segmentation, by Product

In terms of product, the dermatology endoscopy devices market can be categorized into:

  • Polarized
  • Non-polarized
  • Hybrid

Dermatology Endoscopy Devices Market Segmentation, by Type

Based on type, the global dermatology endoscopy devices market can be divided into:

  • Traditional/Analogue Dermatoscopes
  • Digital Dermatoscopes

Dermatology Endoscopy Devices Market Segmentation, by Light Source

In terms of light source, the dermatology endoscopy devices can be classified into:

  • LED
  • Halogen
  • Xenon
  • UV

Dermatology Endoscopy Devices Market Segmentation, by Modality

In terms of modality, the dermatology endoscopy devices can be segmented into:

  • Handheld
  • Headband
  • Trolley-mounted

Dermatology Endoscopy Devices Market Segmentation, by Application

In terms of application, the dermatology endoscopy devices can be divided into:

  • Skin Cancer
  • Warts
  • Scabies
  • Others  

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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