Digital Wound Measurement Devices Market
Number of pages: 100 | Report Format: PDF | Published date: 24 January, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 162.0 million |
|
Revenue forecast in 2030 |
US$ 240.74 million |
|
Growth Rate |
CAGR of 4.5% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Historical Years |
2020 |
|
Segments covered |
Product, Wound Type, End User, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global digital wound measurement devices market was valued at US$ 162.0 million in 2021 and is expected to witness a CAGR of 4.5% during the forecast period from 2022 to 2030
Market Fundamentals
Digital wound measurement devices are electronic or intelligent equipment’s that can be used to measure, photograph, and record wounds online. These devices provide a three-dimensional measurement of a wound using integrated electronic medical records (EMR) software. The area, length, width, and depth of the wound are measured by a 3D-capable digital wound measurement instrument, which also offers a visible record of the data. The digital wound measurement devices convert line tracing into precise area measurements that may be used to calculate the change in the wound area over time. These days, computerized instruments are utilized to evaluate wounds that are the result of common morbidities like diabetes mellitus. Patients with chronic illnesses like diabetes mellitus require advanced wound care from the healthcare system or hospitals since they often take a long time to heal or are ultimately incurable. The wound imaging equipment gives clinicians the most information for precise treatment selection and quicker healing by allowing them to visualize germs and measure wounds quickly, safely, and easily at the point of care. The majority of wound imaging instruments are used in private clinics.
[247204]
Market Dynamic
The market for digital wound measurement devices is driven by a shift in lifestyle and an increase in the prevalence of diabetes, obesity, and chronic illnesses among the ageing population. The advantages of digital wound measuring technology and growing public awareness of ways to cut healthcare expenses are driving the market's overall expansion. The expanding significant unmet needs in developing countries will present profitable growth prospects for the global market for digital wound assessment devices throughout the anticipated timeframe. The importance of technological advancements has grown as the century goes on. Healthcare practitioners are increasingly looking for novel wound care treatments. Moreover, lack of information regarding changes in the depth of the wound over time is also expected to hamper growth of the market. Some cases may show a substantial decrease in wound volume, although there is minor change in area.
Market Ecosystem
The global digital wound measurement devices market has been analyzed from four perspectives: Product, Wound Type, End User, and Region
Digital wound measurement devices Market by Product
[6453542]
Based on product, the global digital wound measurement devices market has been subdivided into contact wound measuring devices and non-contact measuring devices. Due to its efficient and contact-free method of measuring the surface area and volume of the wounds, the non-contact wound measuring devices segment account for a large revenue market share. These are mostly used for diabetic foot ulcers and pressure ulcers. The product enables the digital imaging to be processed and analyzed while leaving the original copy unaltered for visual inspection. Digital imaging is relatively quick, and the equipment enables taking photos everywhere. Processing a photo takes less than five minutes after the image has been captured. With an electronic medical record, which are digital paper records used in clinics and hospitals that contain data gathered by doctors for physicians in the clinics or hospitals, it gives a 2D or 3D assessment of a wound. Due to its accurate method of measuring wounds and ability to track their healing development, particularly in the first four weeks, the contact wound measuring devices segment is anticipated to grow at the quickest CAGR. Additionally, it significantly affects how each patient's treatment approach is unique.
Digital wound measurement devices Market by Wound Type
Based on wound type, the global digital wound measurement devices market has been divided into chronic wounds, diabetic ulcers, burns, incisional wounds, traumatic wounds. Chronic wounds are anticipated to represent a sizable portion of the market for digital wound measurement equipment worldwide. Chronic wounds are those that take longer to heal and do not proceed through the regular healing process. Because chronic wounds are more common in the elderly population, there is a demand for contactless technology for digital imaging of wounds. Such wounds are more likely to affect people with numerous chronic disorders, such as diabetes and heart conditions. By 2030, it is expected that the prevalence of diabetes would increase to 10.2%. In comparison to rural places, this is higher in metropolitan areas. According to data from India, the prevalence of chronic wounds is estimated to be 4.5/1000 people, and statistics from throughout the world suggest that wounds are the reason for about 17.2 million hospital visits, including inpatient stays.
Digital Wound Measurement Devices Market by End User
Based on end user, the global digital wound measurement devices market has been divided into hospitals & clinics, homecare settings. The hospital and clinics segment holds the majority of the market share. The expansion of this market can be attributed to the availability of numerous better healthcare services, a variety of high-tech gadgets, and partnerships with healthcare organizations. The other sector, home health care, is growing rapidly, especially in industrialized nations, as a result of the ageing population and expanding health care infrastructure. The segment will also be driven by an increase in the demand for improved and cutting-edge wound care treatment in-home care settings for geriatric patients.
Digital Wound Measurement Devices Market by Region
Based on region, the global digital wound measurement devices market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. Due to rising diabetes prevalence, an increase in the frequency of diabetic foot ulcers, advancements in advanced wound measuring technology, and the presence of qualified specialists, the North American market is expanding. The market in Europe is being pushed by rising acceptance of cutting-edge digital wound assessment instruments, increased need for better healthcare facilities, and an increase in the prevalence of chronic wounds. However, the Asia Pacific Market is expected to develop profitably over the coming years because to increased consumer awareness of the benefits of wound measurement devices, rising healthcare costs, and an increase in the prevalence of chronic wounds.
Competitive Landscape
Some of the prominent players operating in the global digital wound measurement devices market are:
Strategic Developments
The global digital wound measurement devices market is expected to grow at a CAGR of 4.5% in the forecast period.
WoundMatrix Inc., WoundVision LLC, WoundRight Technologies LLC, Smith & Nephew Plc., and BioVisual Technologies are a few key players in the global digital wound measurement devices market.
The digital wound measurement devices segment dominates the global digital wound measurement devices market.
Asia Pacific region is expected to witness the highest growth in the global digital wound measurement devices market during the forecast period.
The global digital wound measurement devices market was US$ 162.0 million in 2021
*Insights on financial performance are subject to the availability of information in the public domain
Using the fundamental research and knowledge services capabilities of GRG Health, Growth Plus Reports may now be tailored based on client needs.
GRG Health's unique GrowthMIX strategy and comprehensive research methodology enable us to provide unique and valuable insights to our clients while uncovering trends that would not be discovered using traditional techniques.
Snehal Deshmukh
Principle Consultant
Speak to analyst