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New report: Global telemedicine market to grow at a CAGR of 14.77% during the forecast period of 2015-2021

Tele-dermatology is a branch of tele-medicine in which the medical facilities are provided by the use of tele-communication technology. This includes the exchange of data over a long distance by different means of communication like audio, video, image. Telemedicine company focused on building a better way to see the doctor, has announced USD 15 Million of investment in a series of funding.

. The technology can also be used for consultation and educational purposes.

In this era of digitalization and the recent developments in the tele-communication industry a growth for the global tele-medicine market is projected to reach new heights in near future. In order to reduce the gap between supply and demand in the medical facilities many company across the globe are giving their best to attract investors to extend their services in the tele-dermatology field.

For instance, the U.S. Department of Telemedicine (DLT) has announced USD 8.6 million for the development of tele-health sector of the country.

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Iagnosis, a U.S. based company providing telemedicine solutions, has raised USD 5 Million to launch an expanded mobile platform for sharing rashes and skin problem images with dermatologists.

Likewise, Spruce, a U.S. based telemedicine company focused on building a better way to see the doctor, has announced USD 15 Million of investment in a series of funding.

Market segmentation

By Services providers:-

Whole global Tele-dermatology market is mainly based on the backbone of following sectors:-

  • Telecommunication
  • Health informatics

By Assistance:-

On the basis of assistance providers, the global Tele-dermatology market can be divided into:

  • Hospitals
  • Clinics

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By Region :-

Growing demand of medical facilities and shortage of skilled dermatologist has forced the government of many countries to invest in the global market of Tele-dermatology.

Geographically, the global Tele-dermatology market is divided in following regions:-

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific
  • Middle East and North Africa (MENA)
  • Rest of World

Growth drivers and challenges

Many remote areas and undeveloped communities are facing a shortage of dermatologists and still wait for the treatment in long queues. Tele-dermatology technology has the potential and can completely satisfy the increasing demands for dermatologists.

Tele-dermatology involves the use of communications technology which reduces the time taken to operate the patient provide skin care across the globe and it is an extensively investigated branch of tele-medicine. Due to rapid development in mobile technology, tele-dermatology is a rapidly evolving field which provides face to face consultation between patient and specialist.

Direct consultation, fast communication, specialty referrals, cost effectiveness, Audit ( using online platform a full audit for historical data can be obtained to commission best possible consultations ), Fast and efficient delivery of service based on demand are the main market drivers of global tele-dermatology.

Low acceptance level in developing countries is one of the major barriers in the growth of telemedicine. Patients from developing countries avoid these types of services due to lack of education and awareness.

Lack of computing awareness, slow internet connections are also the major restraints of Tele-dermatology market growth.

Tele-dermatology enables the dermatologist to consult the patient remotely. But, dermatologist faces number of problems if they want to give their service in another state as Tele-dermatology licensing rules are different from state to state.

In most of the cases, dermatologists need another license or he/she has to pay extra fess to practice in another state. Even if the license is obtained, the dermatologist  are asked to follow the medical rules of a particular state, which sometimes are contradicting and cause inconvenience for both the doctors and the patients

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Market size and forecast

In 2015, USD 3.39 billion revenue is generated by the application of Tele-dermatology globally. Dermatology is a perfectly fit for telemedicine due to its uniquely visual disposition that is face to face contact between specialist and patient.

With the rapid evolution of communication technology, we can now conduct high-resolution live video chats and data transfer between patient and specialist over the smart mobile phones anywhere in the world.

                  

The idea of telemedicine is becoming prominence in this developing era of digitalization. Tele-dermatology, in particular, is becoming the “next big thing” for the upcoming time. 

Key players

Following are the leaders providing Tele-dermatology services across the globe:-

  • Iagnosis
  • Dermlink
  • Click Diagnostics
  • Global Media Group
  • AMD Global Telemedicine INC
  • Philips Healthcare
  • GE Healthcare
  • Aerotel Medical Systems
  • Allscripts Healthcare Solutions Inc.
  • Honeywell Life Care Solutions
  • McKesson Corporation
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