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Imaging in dermatology has evolved exponentially from its introduction as an analog device with limited resolution eyepiece and single illumination to a digital device with magnified resolution and multiple illumination options. Trichoscopes, used to examine hair and scalp has evolved from Dermatoscopes, which are used to examine skin and skin conditions. Trichoscopes offer 10x to 70x magnification of the hair and scalp; however, recent technological developments offer nearly 200x magnification. Present trichoscopes offer digital access to captured images and provide intuitive analysis on various diseases and disorders. Trichoscopes are portable and offer diagnosis of various hair and scalp related diseases at much lower cost; this has led to an increase in its usage among dermatologists and trichologists. The international dermatology and trichology societies have laid down guidelines for various diseases, which can be diagnosed using trichoscopes.

Hair and scalp disorders such as alopecia areata have prevalence rate of 0.1-0.2% and prevalence of other hair and scalp diseases are rising due to changing dietary habits, pollution, and other associated chronic diseases. Diseases such as female pattern hair loss (FPHL) are found to be more prominent. According to North American Hair Research Society, FPHL occurs in nearly 50% of women by 50 years old. Prevalence of such hair and scalp diseases and disorders are expected to boost the demand for diagnostic devices, driving the trichoscopes market. Trichoscopes offer diagnostic solutions at lower cost and real-time imaging. Moreover, their compact and portable size makes them a preferred diagnostic tool. However, scarce availability of technically advanced dermatoscopes in emerging markets, moreover their relatively higher price in those regions could hamper the growth of trichoscopes market during the forecast period.

The global trichoscopes market is segmented based on ergonomics, illumination, connectivity, and region. In terms of ergonomics, the market can be segmented into handheld and tabletop. Technological advancements in the handheld trichoscopes offer high resolution imaging. Moreover, its size and portability is estimated to propel the expansion of the market. Based on illumination, the market is segmented into white light trichoscopes, polarizer trichoscopes, and ultraviolet (UV) trichoscopes. The UV trichoscopes extended modalities along with basic white light illumination to enhance the detection efficiency of infections is expected to drive the growth of the segment during the forecast period. However, their higher price range may limit their uptake. Basis on connectivity, the market can be segmented into wired trichoscopes and wireless trichoscopes. Wireless trichoscopes are relatively new to the market and offer substantial resolution, which is expected to boost market growth during the forecast period.

In terms of region, the global trichoscopes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a significant share of the global market due to high adoption of the technology and well established healthcare infrastructure. Awareness regarding dermatological diseases among physicians and patients is likely to increase the demand for better diagnostic tools such as trichoscopes. Europe is estimated to hold a prominent share of the global market and is anticipated to grow steadily during the forecast period. Increasing healthcare expenditure in France and Germany are expected to propel the growth of Europe trichoscopes market. Initiatives taken by local governing bodies in emerging markets such as India, China, and South East Asian countries is estimated to drive expansion of the regional market.

Major players operating in the global trichoscopes market include Dino-Lite Europe/IDCP B.V., FotoFinder Systems GmbH, Firefly Global, BOMTECH ELECTRONICS CO., Ltd., and Cosderma.

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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Trichoscopes Market

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