Global Dermatoscopes Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

A dermatoscope is a portable visual tool a doctor uses to inspect and identify skin lesions and illnesses like melanoma using visible light (such as from incandescent or LED bulbs). It is a magnifying glass-like instrument with a magnifier and a light source. It can also aid in examining the scalp, hair, and nails. Dermatoscopes shows the skin’s outer layer characteristics that the naked eye cannot see.

Sizing and Forecast
The dermatoscopes market size has grown rapidly in recent years. It will grow from $1.18 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%.  The  growth in the historic period can be attributed to increasing demand for enhanced electrical safety, growth in industrial automation, expanding application areas, miniaturization of electronic devices, focus on power efficiency.

The dermatoscopes market size is expected to see rapid growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%.  The growth in the forecast period can be attributed to rise in electric vehicle (ev) adoption, 5g network expansion, growing internet of things (iot) market, advancements in edge computing, demand for radiation-tolerant solutions. Major trends in the forecast period include medical device innovations, increased focus on cybersecurity, advancements in semiconductor technologies, growing demand for high-speed digital isolators, rising adoption of magnetic coupling technology.

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Segmentation & Regional Insights
The dermatoscopes market covered in this report is segmented –
1) By Product: Contact Dermatoscope, Hybrid Dermatoscope, Non-Contact Dermatoscope
2) By Technology: Light-Emitting Diode (LED), Xenon, Halogen, Ultraviolet
3) By Method: Handheld, Trolley Mounted, Headband
4) By Application: Skin Tumors, Scabies, Warts, Fungal Infections, Other Applications
5) By End-User: Hospitals, Dermatology Clinics

North America was the largest region in the dermatoscopes market in 2023. The regions covered in the dermatoscopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising incidence of skin cancer is expected to propel the growth of the dermatoscope market in the coming future. Skin cancer, which refers to the abnormal proliferation of skin cells, occurs when there is damage to skin cells, most often caused by ultraviolet radiation from sunshine. A dermatoscope is used to magnify and illuminate the skin’s surface, help visualize skin lesions, and help differentiate between benign and malignant (cancerous) lesions. For instance, in January 2021, according to the American Cancer Society, a US-based cancer-fighting organization, it is estimated that the number of skin cancer cases diagnosed in the US increased by 6.3% from 108,420 in 2020 to 115,320 in 2021. Further, it is estimated that around 11,540 deaths from skin cancer are expected to occur in 2021. Therefore, the rising incidence of skin cancer is driving the dermatoscope market.

Key Industry Players
Major companies operating in the dermatoscopes market report are Hitachi Ltd., Canon Inc., Nikon Corporation, Casio Computer Co. Ltd. , Barco NV, Welch Allyn Inc., Nidek Co Ltd., Rudolf Riester GmbH, FotoFinder Systems GmbH, American Diagnostic Corporation, Firefly Global, Optomed Oy, Canfield Scientific Inc., DermLite LLC, Bio-therapeutic Inc., Derma Medical Systems, HEINE Optotechnik GmbH, DermoScan GmbH, Medisave UK Ltd, Dino-Lite Company, AMD Global Telemedicine Inc, KIRCHNER & WILHELM GmbH + Co. KG, MetaOptima Technology Inc., Pixience, Allied Biotech (Aust) Pty Ltd., Caliber Imaging & Diagnostics Inc., Dynamify GmbH, Optilia Medical, Illuco Corporation Ltd.</b

The dermatoscopes market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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