Digital Wound Measurement Devices Market Outlook 2030:
The global digital wound measurement devices market size was valued at $401.0 million in 2020 and is projected to reach $623.01 million by 2030 registering a CAGR of 4.6% from 2021 to 2030.Digital wound measurement devices are primarily used to accurately conduct wound measuring. With the integration of electronic medical record (EMR) software, the devices are utilized to measure a wound three-dimensionally. 3D-enabled digital wound measurement devices measure wound dimensions (area, length, width, and depth) and provide a visible record of those parameters. These devices are used to translate line tracing into actual area measurements and calculate the change in wound area over time.
Growth in ageing population and rise in incidence of diabetes, obesity, &chronic conditions owing to change in lifestyle of population drives the growth of the digital wound measurement devices market. In addition, benefits of digital wound measurement devices and surge in awareness to reduce healthcare costs further fuel growth of the market. However, limitations associated with these devices, such as failure to provide information about wounds (such as moistness or exudation) may hamper growth of the market. On the other hand, significant unmet wound care in emerging nations is expected to offer profitable opportunities for the growth of the market during the forecast period.
Impact Of Covid-19 On Digital Wound Measurement Devices Market (Pre And Post Analysis)
The outbreak of COVID-19 has disrupted workflows in the health care sector around the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of health care. The revenue of global digital wound measurement devices market declined in 2020 due to nationwide lockdowns, denied wound care services, cancelled or postponed elective surgeries, and increased skin injuries in COVID-19 medical care providers. According to an article published in the U.S. National Library of Medicine National Institutes of Health, the ability to practice wound healing under normal conditions is limited during the COVID-19 pandemic. In addition, Hoffmann explained that wound care among the elderly has suffered during the pandemic when routine medical visits, including visits to wound clinics, were drastically reduced as this care was considered “nonessential.” Moreover, according to an article published in Wound Research, some hospitals closed their wound centers, as either they misclassified the service as nonessential or they limited visitors &outpatient from entering the hospital premises.
Moreover, according to data of Tissue Analytics, a wound specific electronic health record software company, there is 40% decrease in wound center visit from 2019 to 2020. Thus, the overall impact of COVID-19 pandemic remained negative for key players in the digital wound measurement devices industry. Various manufacturers in digital wound measurement device faced issues in supply of their products. For instance, in July 2020, Smith & Nephew announced that it is facing issues in supply of advanced wound care products, owing to the COVID-19, which affected its Q2 revenue in the advanced wound care business segment in 2020.However, the market is anticipated to witness recovery in 2021 and show stable growth for digital wound measurement devices in the coming future due to high adoption of tele-health services especially in developed economies due to lockdown and social distancing reasons.
Digital Wound Measurement Devices Market Segmentation
The digital wound measurement devices market is segmented on the basis of product, wound type, end user, and region. Based on product, it is divided into contact wound measuring devices and non-contact wound measuring devices. By wound type, the market is bifurcated into chronic wounds and acute wounds. Chronic wounds are further sub-segmented into pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. Acute wounds are again segmented into burns & trauma and surgical wounds. On the basis of end user, the market is classified into hospitals and community centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Segment Review
By product, the digital wound measurement devices market is segmented into contact wound measuring devices and non-contact wound measuring devices. The non-contact wound measuring devices segment dominated the global market in 2020, and is expected to remain dominant throughout the forecast period, owing to their ability to provide detailed images of wounds for documentation.
By Product
Non-Contact Wound Measuring Devices segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
By wound type, the digital wound measurement devices market is segregated into chronic wounds and acute wounds. Chronic wounds are further sub-segmented into pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. Acute wounds are again segmented into burns & trauma and surgical wounds. The chronic wounds segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in incidences of chronic wound such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers.
By end user, the market is classified into hospitals and community centers. The hospitals dominated the global market in 2020, and is anticipated to continue this trend during the forecast period owing to surge in adoption of digital wound measurement devices in hospital due to increase in admissions of patient for the treatment of acute and chronic wound.
By Wound Type
chronic wounds segment is projected as one of the most lucrative segment.
Snapshot of the Asia-Pacific Digital Wound Measurement Devices Market
Asia-Pacific offers profitable opportunities for key players that operate in digital wound measurement devices market, thereby registering the fastest growth rate during the forecast period owing to factors such as, rise in demand for digital wound measurement devices, improvement in health awareness, development in healthcare infrastructure, rise in number of laboratories with advanced medical facilities, and surge in number of target population in emerging economies.
The key market players profiled in the report include Arnaz Medical Limited, BioVisual Technologies LLC, eKare Inc., Kent Imaging Inc., Net Health (Tissue Analytics, Inc)., Perceptive Solutions, Inc., Smith & Nephew Plc., WoundMatrix, Inc., WoundRight Technologies, LLC, and WoundVision, LLC.
By Region
North America is expected to experience growth at the highest rate, registering a CAGR of 3.5 % during the forecast period.
Key benefits for stakeholders
- The study provides an in-depth analysis of the global digital wound measurement devices market along with the current trends and future estimations to explain the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict the digital wound measurement devices market growth is provided in the report.
- Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing digital wound measurement devices market opportunities.
- Extensive analysis of the key segments of the industry helps to understand the application and products of digital wound measurement devices used across the globe.
- Key players and their strategies have been analyzed to understand the competitive outlook of the market.
Digital Wound Measurement Devices Market Report Highlights
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Analyst Review
The global digital wound measurement devices are expected to exhibit high growth potential in the near future. This is attributed to increase in incidence of chronic & acute wounds, high prevalence of chronic wounds such as diabetic foot ulcers, and rise in geriatric population. In addition, benefits associated with digital wound measurement devices and surge in awareness to reduce healthcare costs further drive the growth of the market. However, certain limitations of the devices, for instance, inability to provide information on wound characteristics such as moisture are expected to restrain the market growth. On the other hand, significant unmet wound care in emerging nations is expected to offer profitable opportunities for the growth of the market during the forecast period
North America is expected to witness the highest growth, in terms of revenue during forecast period. This is due to presence of major key players, increase in incidences of diabetic foot ulcer, higher buying power, and surge in healthcare expenditure.
Europe was the second largest contributor to the market in 2020 and is expected to register the fastest CAGR during the forecast period, owing to increase in incidences of acute & chronic wounds, technological advancement, and advanced healthcare infrastructure in the region. However, Asia-Pacific is expected to emerge as a lucrative market with maximum growth potential. This is attributed to the rapid development of healthcare infrastructure, high Incidence of chronic conditions, and growth in aging population in this region.
The total market value of digital wound measurement devices market is $401.0 million in 2020.
The forcast period for digital wound measurement devices market is 2021 to 2030
The market value of digital wound measurement devices market in 2021 is $415.56 million.
The base year is 2020 in digital wound measurement devices market
Top companies such as Arnaz Medical Limited, BioVisual Technologies LLC, eKare Inc., Kent Imaging Inc., Net Health (Tissue Analytics, Inc)., Perceptive Solutions, Inc., Smith & Nephew Plc., WoundMatrix, Inc., WoundRight Technologies, LLC, and WoundVision, LLC. held a high market position in 2020.
The non-contact wound measuring devices segment is the most influencing segment owing to their ability to provide detailed images of wounds for documentation.
Increase in incidence of chronic & acute wounds, high prevalence of chronic wounds such as diabetic foot ulcers, rise in geriatric population. In addition, benefits associated with digital wound measurement devices and increased awareness to reduce healthcare costs further drive growth of the market.
Asia-Pacific is expected to experience the growth rate of 6.1% during the forecast period, owing to rise in demand for digital wound measurement devices, improvement in health awareness, development in healthcare infrastructure, rise in number of laboratories with advanced medical facilities, and increase in number of target population in emerging economies in the region.
Digital wound measurement devices are aids, such as network-compatible smart devices, used in the measurement, imaging, and documentation of wounds.
Digital wound measurement devices are primarily used to accurately conduct wound measuring.
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