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Technological Advancement Expected To Drive The Growth Of The Global Dermatoscopes Market

05-Mar-2020 | Syndicate Market Research

A significant role is played by dermatoscopy in skin cancer screening by assisting in early recognition and detection of pigmented lesions. A certain risk is possessed by benign pigmented moles to develop into melanoma. A huge population across the globe is impacted by skin cancer. The increasing prevalence of non-melanoma and melanoma skin cancers is offering momentum to the global dermatoscopes market. Further, early identification has been proved to be extremely helpful in the effective treatment of diseases. Thus, alertness campaigns are being conducted by government and private institutions, thereby driving the requirement for dermatoscopes and, in turn, market growth. To cite, a month-long fundraising and education campaign were initiated by The Skin Cancer Foundation in April 2016 during the Skin Cancer Awareness month. Previously, the use of the technologically advanced devices was restricted to the identification of noninvasive melanoma. Nevertheless, with developments in technology, their application has broadened to advanced diagnosis of a number of skin disorders.

The rising use of dermatoscopy as an in-vivo noninvasive method comprehensively utilized to scrutinize amelanotic pigmentation and skin lesions is expected to fuel the growth of the global dermatoscopes market. This process is accomplished by utilizing a hand-held self-illuminating device particularly called dermatoscope that pictures numerous defects and features beneath the skin surface that are not perceptible to the unaided eye. Further, pictures received from dermatoscope can be photographed digitally or recorded for faster & quick assessment thus helping the expansion of the market. Also, developments in polarized light that infiltrates deeper compared to the nonpolarized light are a few other factors that are anticipated to drive the dermatoscopes market growth.

In addition, the rising spending for launching efficient devices is expected to surge substantially in the years to come. This method copes to find out the skin lesions’ likely malignancy, particularly in melanoma cancer. Besides, rising emphasis by makers for early identification of skin cancer and efficient patient management thus boost the expansion of the dermatoscopes market. Also, these devices offer comprehensible high-res pictures together with non-polarized and polarized illumination mode that handle patient health efficiently. Numerous such factors are expected to drive market growth. To cite, the foremost polarized dermatoscope dubbed DermLite was introduced by 3Gen that enables imaging of skin structures utilizing an immersion fluid. The suitable technique of recognition and different optimization of pictures in comparison to glass dermatoscope added a benefit over vascular pattern diagnosis. Nevertheless, new improvements in dermatoscope enable imaging at the vascular and cellular level, thereby making a path for earlier analysis and treatment of ailments.

In addition, the increase in patient alertness about skin cancer, a decrease in the rate of avoidable surgical procedures, a rise in R&D initiatives, and elevated cost of diagnostic imaging procedures via X-ray & MRI devices and treatment are other key factors propelling the growth of the dermatoscopes market. Also, the advent of technologies like video technology and USB imaging is anticipated to drive the market growth during the forecast period. Nevertheless, the launch of biological agents for the identification of melanoma and new technologies like PET and SPECT are projected to obstruct the market expansion. Also, the swift technological developments are resulting in price hikes for dermatoscopes, making them less cost-effective for individuals in developing regions, further hindering the growth of dermatoscopes market.

To cite, a smartphone-linked dermatoscope, dubbed DermLite Hud, was introduced by iDoc24—that operates as First Derm—in association with DermLite, a dermatoscope manufacturer, in March 2016. The tool, named Hud (in Swedish implies for "skin") shares these images to the companion application. The user, from there, can send these pictures for assessment with a First Derm dermatologist. The dermatologist will retort with an evaluation of whether the mole needs pressing attention or if it is fine to wait until the next health check of the user.

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