Digital Wound Measurement Devices Market
Number of pages: 100 | Report Format: PDF | Published date: January 24, 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 |
|
CAGR |
4.5% |
|
Base Year for Estimation |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Product, Wound Type, End User, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global digital wound measurement devices market was valued at US$ 162.0 million in 2021 and is expected to register a revenue CAGR of 4.5% to reach US$ 240.74 million by 2030.
Digital Wound Measurement Devices Market Fundamentals
Digital wound measurement devices are electronic or intelligent equipment that can measure, photograph, and record wounds online. These devices provide a three-dimensional (3D) 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 visual record of the data.
Digital wound measurement devices convert line tracing into precise area measurements that can be used to calculate the change in the wound area over time. Computerized instruments are utilized to evaluate wounds resulting from various diseases, such as diabetes mellitus. Patients with chronic illnesses, such as 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. Wound imaging equipment provides clinicians with the key information for precise treatment selection and quicker healing by allowing them to visualize germs and measure wounds quickly, safely, and efficiently at the point of care. Most digital wound imaging instruments are used in private clinics.
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Digital Wound Measurement Devices Market Dynamic
The revenue growth of the digital wound measurement devices market is driven by a shift in lifestyle and an increase in the prevalence of diabetes, obesity, and chronic illnesses among the aging population.
The advantages of digital wound measuring technology and growing public awareness about ways to cut healthcare expenses are driving the market's overall revenue growth. The unmet needs in developing countries are expected to present profitable growth prospects for the global market for digital wound assessment devices during the forecast period. The importance of technological advancements has increased in the past decade. Healthcare practitioners are increasingly looking for novel wound care treatments. These factors are fueling revenue growth in the global market.
Some cases may show a substantial decrease in wound volume, although there is a minor change in the area, the factor affecting the adoption of digital wound measurement devices. Moreover, a lack of data about changes in the wound depth over time is expected to hamper the revenue growth of the market.
Digital Wound Measurement Devices 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
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Based on the product, the global digital wound measurement devices market has been segmented into contact wound measuring devices and non-contact measuring devices.
The non-contact wound measuring devices segment accounts for the largest revenue share of the market. This can be ascribed to the ability of these devices to allow for efficient and contact-free measuring of the surface area and volume of the wounds. These are 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. Electronic medical records, which are digital paper records used in clinics and hospitals that contain data gathered by doctors for physicians in the clinics or hospitals, offer a 2D or 3D assessment of a wound. The contact wound measuring devices segment is anticipated to grow at the quickest CAGR during the forecast period. This can be attributed to the rise in the popularity of contact wound measuring devices as an accurate method of measuring wounds and their ability to track healing development, particularly in the first four weeks.
Digital wound measurement devices Market by Wound Type
Based on the wound type, the global digital wound measurement devices market has been segmented into chronic wounds, diabetic ulcers, burns, incisional wounds, and traumatic wounds.
The chronic wounds segment is expected to account for the largest revenue share in the global digital wound measurement equipment market during the forecast period. Chronic wounds need a longer time to heal and do not proceed through the regular healing process. As chronic wounds are more common in the elderly population, demand for contactless technology has increased for digital imaging of wounds of older people. Moreover, such wounds are more likely to affect people with chronic disorders, such as diabetes and heart conditions. The prevalence of diabetes is expected to increase to 10.2% by 2030. In comparison to rural areas, cases of this disease are higher in metropolitan cities. According to data from India, the prevalence of chronic wounds is estimated to be 4.5 per 1000 individuals. According to global statistics, wounds are the key reason for about 17.2 million hospital visits, including inpatient stays.
Digital Wound Measurement Devices Market by End-user
Based on the end-user, the global digital wound measurement devices market has been segmented into hospitals & clinics and homecare settings.
The hospitals & clinics segment accounts for the largest market revenue share. This expansion in market revenue can be attributed to the availability of numerous top healthcare services, various high-tech gadgets, and partnerships of players with healthcare organizations.
The homecare settings segment is growing rapidly, specifically in industrialized countries, due to increasing aging population and expanding healthcare infrastructure. The segment’s revenue is also driven by increased demand for improved and cutting-edge wound care treatment in homecare settings for geriatric patients.
Digital Wound Measurement Devices Market by Region
Based on the region, the global digital wound measurement devices market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America accounts for the largest revenue share of the global market. This can be ascribed to rising diabetes prevalence, increase in the frequency of diabetic foot ulcers, developments in wound measuring technology, and the presence of skilled healthcare providers in the region.
The market in Europe is rising significantly with a high revenue share due to the rising acceptance of innovative digital wound assessment instruments, increased need for better healthcare facilities, and an increase in the prevalence of chronic wounds.
The Asia Pacific is expected to develop profitably during the forecast period due to increased consumer awareness about the benefits of wound measurement devices, rise in healthcare costs, and an increase in the prevalence of chronic wounds in the region.
Digital Wound Measurement Devices Market Competitive Landscape
The prominent players operating in the global digital wound measurement devices market are:
Digital Wound Measurement Devices Market Strategic Developments
The global digital wound measurement devices market is expected to grow at a revenue CAGR of 4.5% during the forecast period.
WoundMatrix Inc., WoundVision LLC, WoundRight Technologies LLC, Smith & Nephew Plc., and BioVisual Technologies are among the key players operating in the global digital wound measurement devices market.
The non-contact wound measuring devices segment dominates the global digital wound measurement devices market.
Asia Pacific is expected to register the highest revenue growth in the global digital wound measurement devices market during the forecast period.
The global digital wound measurement devices market was valued at US$ 162.0 million in 2021.
*Insights on financial performance are subject to the availability of information in the public domain