Digital wound measurement devices market to project lucrative CAGR by 2020-2027
Global Digital Wound Measurement Devices Market Research Report, by Wound Type (Diabetic Ulcers, Incisional, Traumatic, Chronic), Product (Contact Wounds, Non-Contact Wound Measuring Devices), End-User (Hospital and Clinics) – Global Forecast Till 2027
Market Analysis
The worldwide digital wound measurement devices market is predicted to grow at a healthy CAGR during the forecast period (2018-2023), as stated by the new Market Research Future (MRFR) report. Digital wound measurement devices, simply put, are network-compatible smart devices or electronic instruments that are used for the measurement, documentation, and imaging of wounds. These devices help to measure accurate wound dimensions which include area, depth, width, and length, and offer three-dimensional measurement of the wound through software instruments, especially EMR (electronic medical record) software integration. Digital wound measurement devices are also known as 3D-enabled devices. These devices help to monitor chronic wounds and offer the correct drug dose for speeding up the healing process.
Various factors are propelling the digital wound measurement devices market growth. These factors, in accordance with the MRFR report, include the advent of telehealth for wound care, rapid usage of advanced digital tools, the emergence of smartphones, growing number of surgeries, rising geriatric population, and growing diabetic patients. Additional factors pushing market growth include benefits such as accurate measurement of wound dimensions for tracking the healing progression, growing need for rapid diagnostics, growing support from the government for healthcare development, rise in technological advancements in various medical devices, and growing incidences of chronic wounds.
On the contrary, high costs of digital devices and the inability of digital wound measurement devices in offering extra information such as exudation or moistness are factors that may impede the market during the forecast period.
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Market Segmentation
The MRFR report provides a complete segmental analysis of the digital wound measurement devices market report on the basis of end user, product, and wound type.
Based on wound type, the digital wound measurement devices market is segmented into traumatic, incisional, burns, chronic wounds, and diabetic ulcer. Of these, the diabetic ulcer segment will have the largest share in the market over the forecast period.
By product, the digital wound measurement devices market is segmented into non-contact and contact wound measuring devices. Of these, the contact wound measuring devices segment will dominate the market over the forecast period.
By end user, the digital wound measurement devices market is segmented into ambulatory surgical centers, clinics, and hospitals. Of these, the hospitals segment will lead the market over the forecast period owing to rising incidences of people suffering from chronic conditions, especially diabetes.
Regional Analysis
By region, the digital wound measurement devices market report covers the latest trends and growth opportunities across Europe, the Americas, the Asia Pacific, and the Middle East and Africa. Of these, the Americas will spearhead the market over the forecast period. This is on account of the rapid use of medical devices that are technologically advanced, rising research and development activities in medical devices, and growing incidences of chronic wounds.
The digital wound measurement devices market in Europe is predicted to have the second-largest share in the market over the forecast period. This is chiefly owing to the rapidly increasing incidences of wounds.
The digital wound measurement devices market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to an increase in R&D activities, rapid digitalization, rising medical tourism, rapidly growing economies, and huge diabetic patient population. China, as well as India, are the key contributors in this region.
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The digital wound measurement devices market in the Middle East and Africa is predicted to have a minimum share over the forecast period. This is owing to the presence of poor economies and stringent government policies. However, the increasing investments made by private market players in the region and growing awareness are likely to push the market growth.
Key Players
Key players profiled in the digital wound measurement devices market report include Smith & Nephew plc, Hitachi Healthcare Americas, WoundVision, LLC, WoundRight Technologies, LLC, Kent Imaging Inc., WoundZoom Inc., WoundMatrix, Inc., KCI, an Acelity Company, eKare, Inc., ARANZ Medical Limited, Parable Health, Tissue Analytics, and WoundRight Technologies.
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