DERMATOSCOPE MARKET ANALYSIS
Global dermatoscope market is estimated to be valued at US$ 951.1 million in 2023 and is expected to exhibit a CAGR of 12.85% during the forecast period (2023-2030). Increase in product launches by key market players is expected to drive the market growth over the forecast period. Moreover, an increase in prevalence of skin cancer such as melanoma and others is also expected to drive the market growth.
Figure 1. Global Dermatoscope Market Share (%), By Product, 2023
Global Dermatoscope Market- Driver
Increase in the prevalence of skin cancer
An increase in the prevalence of skin cancer is expected to increase the demand of its early diagnosis, which in turn is expected to drive the global dermatoscope market growth during the forecast period. For instance, according to an article factsheet published by European Commission, a part of European government, in May 2021, it is estimated that skin melanoma accounted for 4% of all new cancer diagnoses in European Union (EU) countries in 2020 and melanoma accounted for 1.3% of all deaths due to cancer in EU.
An increase in the funding by government organizations
Increase in the initiatives by various government organization for providing funding for cancer research and its screening is expected to increase the demand for dermatoscopes, which is expected to propel the global dermatoscope market growth for the forecast period. For instance, in May 2022, the U.S. Department of Health and Human Services (HHS), an U.S. federal government organization, announced the funding of US$ 5 million to promote the research of life-saving cancer screenings
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 951.1 Mn |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR: | 12.85% | 2030 Value Projection: | US$ 2,217.2 Mn |
| Geographies covered: |
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| Segments covered: |
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U.S.: 
U.K. : 
India : 
