The global dermatology market size reached $1.11 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period, according to latest analysis by Emergen Research. Growth of the pharmaceutical industry, increasing aging population, rising cases of acne problems, rapid technological advancements in laser and light-based skin treatments, and increasing advancements in powerful skin digital imaging as well as growing need for early diagnosis of dermatological conditions are main factors driving market growth of the dermatology market.
Significant technology breakthroughs are driving the sector to change, affecting consumer preferences for aesthetic operations and treatments. Patients are adopting AI, Machine Learning (ML), and teledermatology, which indicates that dermatology treatment is changing and moving away from in-person clinical consultations and toward accessibility, mobile devices, and computer algorithms. These advancements have enabled accurate and real-time imaging, which helps in early detection of disease. The way dermatologists evaluate patients has undergone a significant change as a result of development of more potent imaging techniques, telecommunication network, and information transfer technologies. Read more.
