Digital wound measurement devices are extensively used for 2D and 3d assessment of wounds so that early diagnosis be initiated. It is likely to gain momentum over the next couple of years. Market Research Future (MRFR) has published a report recently which asserts that the global digital wound measurement devices market is prognosticated to expand at a moderate CAGR over the review period 2018 to 2023. The accuracy of these devices is poised to influence the growth trajectory of the market positive over the next couple of years.
These devices are used for measuring different types of wounds such as traumatic, burns, ulcers, etc. Proliferating applications across different treatments is likely to boost the expansion of the digital wound measurement devices market in the years to come. Intermountain Healthcare (2017) has stated that over 6.5 million people are suffering from chronic wounds.
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The increasing patient population is anticipated to accelerate revenue creation for the players of the digital wound measurement devices market in the nearby future. Rising prevalence of diabetes is also projected to favor market proliferation across the projection period. Diabetic wounds are severe and might lead to amputations in some cases. The awareness about the same is expected to boost the demand for these devices, thus, uplifting the financial status of the digital wound measurement devices market in the nearby future.
Technological advancements such as the advent of smartphones, the introduction of digital tools, rising penetration of mHealth, etc. are prognosticated to drive the expansion of the digital wound measurement devices market in the forthcoming years. On the contrary, the high cost of these devices is expected to check the rate of growth over the next couple of years.
Competitive Dashboard:
The important players studied in this MRFR report for an exhaustive share assessment of the global digital wound measurement devices market are Parable Health, WoundRight Technologies Tissue Analytics, ARANZ Medical Limited, KCI, an Acelity Company, eKare, Inc, WoundMatrix, Inc., Kent Imaging Inc., WoundZoom Inc., WoundRight Technologies, LLC, Hitachi Healthcare Americas, WoundVision, LLC, and Smith & Nephew plc.
Market Segmentation:
- By wound type, the global digital wound measurement devices market has been segmented into chronic wounds, diabetic ulcer, incisional, burns, and traumatic.
- By product, the digital wound measurement devices market has been bifurcated into non-contact wound measuring devices and contact wound measuring devices.
- By end user, the global digital wound measurement devices market has been bifurcated into hospitals, clinics, and ambulatory surgical centers.
Geographical Analysis:
The regional analysis of the global digital wound measurement devices market spans across Americas, the Middle East, and Africa (MEA), Asia Pacific, and Europe. Americas is forecasted to hold the forefront position in the global marketplace over the next couple of years. The key factors encouraging the growth of the digital wound measurement devices market in the region are quick adoption of technological advancements and rising prevalence of chronic wounds.
The region is also expected to witness an influx of new participants, which is likely to boost the competition in the landscape of the market, thus, facilitating market growth. Rising investments in the development of advanced product portfolio are projected to increase the pace of growth of the regional segment over the next few years.
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Europe is poised to retain its position at the second spot over the next couple of years. Availability of funds, in conjunction with rising research & development activities, is prognosticated to motivate the growth of the digital wound measurement devices market in the foreseeable future. In addition, the increasing investments in the adoption of advanced technologies in the healthcare sector are expected to favor the growth of the market over the assessment period. Meanwhile, the report asserts that Asia Pacific is poised to expand at the highest CAGR over the forecast period.
