Digital wound measurement devices help healthcare professionals accurately measure and track wounds during the healing process. They provide precise measurements of wound dimensions, depth, area, and volume which helps monitor the progress of healing over time.
The global Digital Wound Measurement Devices Market is estimated to be valued at US$ 75.51 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving the growth of the digital wound measurement devices market size is the increasing demand for wound care due to high incidence of diabetic ulcers and pressure ulcers. According to International Diabetes Federation, in 2021, approximately 537 million adults aged 20-79 years were living with diabetes and the number is projected to rise to 643 million by 2030 and 783 million by 2045. Diabetes significantly increases the risk of developing wounds, ulcers and infections. This growing diabetic population base is expected to fuel the demand for advanced wound care solutions like digital wound measurement devices for effective management and monitoring of diabetic ulcers and wounds.
SWOT Analysis
Strength: Digital wound measurement devices provide accurate measurements and documentation of wound healing over time through digital imaging and analysis. They eliminate human error and subjectivity from the wound assessment process.
Weakness: High costs associated with digital wound measurement devices make them inaccessible for common use in all healthcare settings. Additional staff training is required to efficiently use digital imaging technologies for wound measurement.
Opportunity: Rising geriatric population and increasing incidence of chronic wounds and diabetes present a growing need for improved wound assessment methods. Development of affordable portable devices expands the addressable market for digital wound care technologies.
Threats: Limited medical reimbursements in some regions restrict wider adoption of digital wound care solutions. Conventional low-cost methods of wound measurement continue to dominate in low resource settings.
Key Takeaways
The global Digital Wound Measurement Devices market is expected to witness high growth, exhibiting a CAGR of 6.5% over the forecast period, due to increasing prevalence of diabetes and associated risk of chronic wounds.
Regional analysis: North America dominates the global market currently due to favorable reimbursement policies and availability of advanced healthcare facilities. Asia Pacific is anticipated to be the fastest growing market during the forecast period supported by rising medical tourism, healthcare investment and economic growth and expansion of healthcare access across emerging countries.
Key players operating in the Digital Wound Measurement Devices are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc.
