Market Insights
Market Research Future has examined the growth of the global digital wound measurement devices market for the assessment period from 2018 to 2023. Digital wound measurement devices are useful in the monitoring of chronic wounds and providing a 3D assessment which can also help deliver the appropriate dosage of medication to help the healing process along. Growth is anticipated for the market at a steady, yet healthy pace during the forecast period.
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Inefficient care of chronic wounds or lack of timely treatment can often lead to severe infections as well as amputations in extreme cases, thus making the use of digital wound measurement devices highly useful and necessary to proper chronic would care. The growing prevalence of patients with chronic wounds is growing rapidly and is expected to drive the demand for digital wound measurement devices. Based on a study by Intermountain Healthcare in 2017, more than 6 million people in the U.S.A suffer from chronic wounds. This is likely due to the high prevalence of diabetes. Diabetic wounds are severe and often take a long time to heal. Diabetes-related amputations are growing as a result of this and have increased the adoption of and demand for digital wound measurement devices. The increasing number of surgeries is another market driving factor. Moreover, the presence of a large geriatric population which is more likely to have diabetes is also driving the demand for digital would measurement devices. Market players have also developed mobile solutions which send information straight to a patient’s smartphone for at-home care. The growth of telehealth is also expected to have a positive influence on the demand for digital would measurement devices.
However, the market is challenged by a lack of ability on the part of digital wound measurement devices to offer value-added information such as moistness or exudation of the wound. Moreover, the high costs of such digital devices are also likely to slow down growth. Technical advances, on the other hand, are expected to offer the market with ample growth opportunities.
Market Segmentation
The global digital wound measurement devices market, in MRFR’s report, has been segmented on the basis of wound type, product, end-user, and region. Wound type has been segmented to include chronic wounds, diabetic ulcer, burns, incisional, and traumatic. Products have been segmented into contact wound measurement devices, and non-contact measurement devices. End-users of digital wound measurement devices include ambulatory surgical centers, clinics, and hospitals.
Regions covered in MRFR’s review of the global market include Europe, the Americas, the Asia Pacific, and the Middle East & Africa.
Regional Analysis
North America, which is apart of the Americas regional market is a key part which leads growth for the region and has been instrumental in securing America’s top position in the market. The presence of a well-developed healthcare sector in the US and Canada, as well as the high rate of adoption of advanced technologies, is expected to drive the growth of the global digital wound measurement devices market. Europe follows the Americas market in terms of market size and value. Meanwhile, the Asia Pacific has been observed to be growing at the highest CAGR during the forecast period due to the presence of a large patient population among which there is a sizable geriatric demographic. Moreover, studies indicate that more than 60% of the world’s diabetic population is in the Asia Pacific making it a substantial market for the digital would measurement devices market.
Key Players
Leading players present in the global digital wound measurement devices market include WoundMatrix, Inc., WoundVision, LLC, Hitachi Healthcare Americas, eKare, Inc, Smith & Nephew plc, KCI, an Acelity Company, Parable Health, WoundZoom Inc., ARANZ Medical Limited, WoundRight Technologies Tissue Analytics, Kent Imaging Inc., and WoundRight Technologies, LLC.
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