Digital Wound Measurement Devices Market Analysis | 2022-2028

Market Insights

The Digital Wound Measurement Devices Market was estimated at US$ 2.3 billion in 2021 and is expected to grow at a CAGR of 4.92% during 2022-2028 to reach US$ 3.21 billion in 2028.

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What are digital wound measurement devices?

Digital wound measurement devices are medical tools designed to accurately assess and monitor the dimensions and characteristics of wounds. These devices employ advanced technologies such as lasers, cameras, and computer vision algorithms to capture precise wound size, depth, and tissue composition measurements. These devices enhance wound management and healing progression tracking by providing clinicians with objective and standardized data. They aid in treatment decisions, enable remote consultations, and contribute to more efficient and effective wound care. Digital Wound Measurement Devices play a pivotal role in modern healthcare by improving patient outcomes and reducing the subjectivity of wound assessment.

Market Dynamics

Today's computerized wound assessment technologies are utilized to measure wounds that are brought on by common morbidities like diabetes mellitus. Patients with chronic illnesses like diabetes mellitus, which may have no cure, require specialized wound care from hospitals or the medical system. Digital wound measurement tools can measure the area, depth, width, and length of the wound in three dimensions and can also display those measurements on a screen for easier viewing. Line tracing is converted into actual wound measurements using digital wound measurement equipment, which also analyses the overall change in wound area over time. One of the main factors fueling the expansion of the global market is the growing requirement for sophisticated medical diagnostic methods.

With the aid of electronic medical records, or EMR, software, digital wound measurement equipment is mostly utilized for accurate wound measuring. This is carried out in 3D for better diagnostic purposes, and as a result, it becomes yet another growth driver for the market for digital wound measurement equipment as a whole. In the upcoming years, the increased prevalence of chronic diseases and the aging population will both act as significant drivers of market expansion.

The key growth engine for the global market for digital wound assessment devices is the increase in the prevalence of chronic conditions including diabetes, obesity, and heart diseases. The adoption of irregular eating and sleeping schedules, changing lifestyles, and rising disposable incomes of people will all contribute to this market's overall expansion throughout the projected period. The usage of digital wound monitoring tools will also lower overall healthcare costs, which will ultimately fuel the expansion of this market in the next years.

Even though wounds have a greater mortality rate than any other type of chronic illness, they are not regarded as diseases. Wound care centers of excellence are therefore widely dispersed, in contrast to cancer and other serious disorders like cardiovascular disease. The uptake of digital wound measurement devices in commercial healthcare settings is being slowed by the absence of a centralized framework to coordinate and promote a multidisciplinary networking approach involving scientists, surgeons, health economists, social workers, specialty nursing, and internal medicine.

Several investments/guidelines in the market have been directed in recent years, which would boost the overall market. Some of them are:

The importance of technological advancements has grown as the century goes on. Healthcare practitioners are increasingly looking for novel wound care treatments. A range of techniques, including animal-based wound healing models as well as cell proliferation, cytotoxicity, and viability assays, have been developed to address issues about wound healing. Frontiers.org claims that macrophages are essential for the ongoing inflammatory response in chronic wounds. Immunomodulation is therefore used to treat chronic wounds. The care of chronic wounds must take into account a variety of parameters, as both intrinsic HSPC alterations and an unbalanced wound microenvironment result in a prolonged rise in the number of wound macrophages and suppression of phenotypic switching. High-throughput methods are also helpful tools for examining pathophysiology and finding out new targets.

Segments Analysis

By Product and Service Type

The market is further segmented into contact wound measurement devices and non-contact wound measurement devices.

By Wound Type

The market is segmented into diabetic ulcers, chronic wounds, burns, incisional, and traumatic. The prevalence of diabetic ulcers is increasing, which has increased the need for more efficient wound care methods. According to the National Center for Biotechnology Information, 9.1 million to 26.1 million persons worldwide suffer from diabetic foot ulcers each year. In 2021, diabetic ulcers are anticipated to hold the greatest market share worldwide. Chronic wounds are conditions that are difficult to cure and can be recognized by symptoms including loss of skin or tissue around the incision or the rate at which the wound heals. Chronic wounds require intensive medical attention and wound care products to be treated.

By End-User Type

The market is classified into hospitals, clinics, and others.

Regional Analysis

The digital wound measurement devices market is broken down geographically into geographies: North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In the past and probably in the coming years, Asia Pacific accounted for the largest proportion of the global market for digital wound assessment equipment. The rapid development of medical facilities, rising public awareness of health issues, and increasing demand for digital wound-monitoring devices all contribute to this region's supremacy. In addition, the huge number of medical facilities and laboratories, as well as the growing target population, will contribute to this region's continued dominance of the global market for digital wound measurement devices over the projection period.

According to the WHO, 10 lakh people in India have moderate to severe burns each year. Wound care product sales are driven by India's rising annual burn occurrence rate. In the medical sector, India offers several prospects for development. Because of this, manufacturers have a lot of space to grow in India's market for digital wound assessment equipment. The Indian government wants to increase public health spending to 2.5% of the nation's GDP by 2025. Additionally, a growing elderly and diabetic population as well as an expanding healthcare infrastructure are fueling market expansion

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Key Players

The global market for digital wound measurement equipment has many active companies, which has highly fragmented the nature of competition. Players are engaging in a variety of methods, such as mergers and acquisitions, joint ventures, and the introduction of novel products, with the main goal of securing the top position. In addition, some firms are spending a lot of money on R&D initiatives and spreading the name of their company throughout other locations to ensure a strong position in the overall market rivalry. Below are a few key developments:

• In December 2021, Medtronic presented the Hugo System, a robotic-assisted surgical system that aids in the diagnosis or treatment of a disease or condition.
• In August 2021, Johnson & Johnson introduced VELYS Digital Surgery. Robotic-assisted total knee arthroplasty is commercially accessible in the United States. 
• In October 2020, Medtronic's position as a pioneer in structural heart and intellectual property is joined with The Foundry's track record of innovation in transcatheter mitral valve repair and replacement.

The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the digital wound measurement devices market:

• Arnaz Medical Limited
• BioVisual Technologies
• eKare Inc.
• KCI
• Kent Imaging Inc.
• Net Health (Tissue Analytics Inc.)
• Perceptive Solutions Inc.
• Smith & Nephew Plc.
• WoundMatrix Inc.
• WoundRight Technologies LLC
• WoundVision LLC

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s digital wound measurement devices market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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