TELEDERMATOLOGY MARKET ANALYSIS

Market News

Recent Developments:

New product launches & Approval:

In May 2021, Google, a software development company, announced the launch of a dermatology tool powered by artificial intelligence that will help users understand issues with their skin, hair, and nails.

In April 2020, Sakhiya Skin Clinic, an India-based dermatological clinic, launched a free skin care consultation and treatment service across India via real time teledermatology, wherein the patient and the dermatologist would exchange medical information regarding the skin conditions using video conferencing. Such launches of teledermatology services help market players to address the COVID-19 pandemic as it offers contactless dermatological care solutions for patients and reduces the risk of transmission of COVID-19 via personal contact.

In March 2020, Integrated Dermatology, a U.S.-based medical and cosmetic solution provider, launched its new teledermatology virtual service to provide a real-time video consultation with a dermatologist for common skin conditions such as acne, eczema, rashes, shingles, lesions, psoriasis, cold sores, wounds, and others.

Acquisition, Collaboration, partnerships & Investment:

In May 2022, All India Institute of Medical Sciences (AIIMS) announced a collaboration with Nurithm lab, a pharmaceutical startup company, to launch an artificial intelligence-driven smartphone app named DermaAid to address access and accuracy problems in the clinical diagnosis of dermatological diseases, including skin and oral cancers. This diagnostic solution uses a machine-learning, AI-driven algorithm.

In July 2021, the National Health Service (NHS), U.K., announced an investment of US$ 27.7 million (£20 million) to support a teledermatology service wherein skin snaps of patients suspected to be suffering from skin cancer would be sent to hospitals for same-day diagnosis of skin cancer. This diagnostic teledermatology service is expected to aid in the early detection of skin cancer remotely from the patient’s home and allow for quicker treatment of skin cancer.