With the presence of a large pool of mobile applications vendors for melanoma detection, the Europe and Israel market for mobile applications for melanoma detection demonstrates a highly fragmented structure, finds a report by Transparency Market Research (TMR). The competition within the market is exceptionally high as players are constantly engaged in product innovation and advancements in current offerings.
Over the forthcoming years, the leading players, namely, Dr. Mole, Spot Mole, and Melanoma Watch, are expected to shift their focus towards mergers, acquisitions, and partnerships in order to minimize the competition and improve their visibility.
As per the research study, the market for mobile applications for melanoma detection in Europe is likely to progress at an exponential CAGR of 47.0% and reach US$1.4 mn by the end of the forecast period. On the other hand, the market for mobile applications for melanoma detection in Israel will register a strong rise at a remarkable CAGR of 61.20% over the period of the forecast.
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Greece to Emerge Leading Market for Mobile Applications for Melanoma Detection in Europe
The research report also offers an analysis based on the geographical segmentation of the Europe and Israel market for mobile applications for melanoma detection. The market in Europe has been segmented into Greece and the Rest of Europe while the market in Israel has been studied separately.
Due to the rise in the number of melanoma cases over the last few years, the market for mobile applications for melanoma detection in Greece has witnessed a robust growth despite the economic volatility. Apart from this, the growing penetration of smartphones has also been adding to the progress of the Greece market for mobile applications for melanoma detection. In the Rest of Europe, Sweden, the U.K., Norway, Switzerland, Denmark, and the Netherlands have been driving the demand for mobile applications for melanoma detection, on account of the high incidence rate of melanoma, and the trend is likely to continue over the forthcoming years.
On the similar lines, Israel has also reported a significant rise in the market for mobile applications for melanoma detection due to the growing prevalence of melanoma and the increasing user base of smartphones. Further, the rising preference for mHealth tools among customers in this country is likely to reflect positively on the demand for mobile applications for melanoma detection over the next few years, notes the market study.
Rising Incidence of Melanoma and Skin Cancer to Impact Europe and Israel Market for Mobile Applications for Melanoma Detection Greatly
“The augmenting incidence of melanoma and skin cancer has been influencing the demand for mobile applications for melanoma detection in Europe and Israel,” states the author of this study. The North and West European countries are more severely affected by melanoma in comparison with the East European nations, which as a result, is leading to a rather high demand for mobile applications for melanoma detection in this part of the region.
The growing trend of mHealth, boosted by the increased penetration of Internet and smartphones, is another key factor behind the growth of the market for mobile applications for melanoma detection in Europe and Israel, reports the research study.
With the significant advancement in mHealth technologies, researchers expect this trend to continue to drive this market over the next few years. However, the rising concerns over the accuracy of the detection test and the high cost of regulation processes may limit the adoption of mobile applications for melanoma detection in Europe and Israel to some extent in the near future, states the report.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Mobile Applications for Melanoma Detection Market – Europe and Israel Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2022.”
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