Dermatoscope Market to be at Forefront by 2024

Dermatoscopy is a crucial tool used by plastic surgeons, dermatologists, general practitioners, and health professionals to detect melanoma in its early stages. A recent report on its market by Transparency Market Research, titled, "Dermatoscope Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024," finds that the market will steadily rise owing to the increasing prevalence of skin cancer and also the rising awareness about the same. The growing thrust on research and development to come up with less invasive procedures that inflict lesser degree of pain is also serving to boost the market.

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It states that the market for dermatoscope is rising because of the pressing need for reduction in unnecessary surgeries that take time to heal and can result in unnecessary complications. Besides, they are also expensive. This is resulting in high uptake of dermatoscopes. Other factors boosting their uptake are the high cost of MRI and X-ray which are also leveraged. As per the findings of the American Academy of Dermatology 2017 and the World Health Organization, melanoma will likely claim about 65,000 lives worldwide. Already in 2017, 9730 deaths occurred in the U.S. With better technologies underpinning the process of dermatoscopy, such USB imaging and video technology of imaging melanoma, the market is primed to grow at a healthy clip.

Posing a challenge to the market for dermatoscope, on the other hand, is the rollout of biological agents for melanoma detection and latest technologies, namely PET and SPECT.

Some of the key products available in the global market for dermatoscope are hybrid dermatoscope, contact dermatoscope, and non-contact dermatoscope. Among them, the polarized dermatoscope, also called non-contact dermatoscope, is seeing high uptake because of the rising prevalence of skin cancer worldwide. Vis-à-vis technology, the market can be again classified into xenon, LED, halogen, and ultraviolet. Depending upon modality, hand-handled, headband, and trolley mounted are some of the key segments of the market. Application-wise, key segments of the market are scabies, skin tumors, fungal infections, warts, and others.

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From a geographical standpoint, North America accounts for a leading position in the global market for dermatoscope. This is mainly on account of the growing number of melanoma cases in men in the region due to tanning and ultraviolet rays. Other factors boosting the market in the region is the early diagnosis and treatment of the disease. Europe is another leading market that has been propelled by the supportive government policies pertaining to healthcare infrastructure and also initiatives to tackle deadly maladies such as cancer.

Some of the key companies in the global market for dermatoscope profiled in the report are FotoFinder Systems GmbH, Dino-Lite, Optilia Instruments AB, 3Gen, Rudolf Riester GmbH, NIDEK CO., LTD., Canfield Scientific, Inc., KIRCHNER & WILHELM GmbH + Co., and KG ILLUCO Corporation Ltd.

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Transparency Market Research (Tmr) is a U.S.-based provider of syndicated research, customized research, and consulting services.