The digital wound measurement devices market share is revolutionising the way wound care is managed. These cutting-edge tools help with accurate and effective wound assessments by utilising digital technologies. A growing number of healthcare professionals understand the importance of digital measuring in tracking the course of wound healing and enabling prompt treatments.According to FMI’s analysis, over the estimated period, the global market for digital wound assessment devices is expected to develop at a compound annual growth rate (CAGR) of 3.8%. It is anticipated that by 2033, the industry will have expanded from US$ 2,266.6 million in 2023 to US$ 3,293.3 million.
Chronic conditions such as diabetes, heart disease, obesity, etc. are becoming more common, which is driving up demand for digital wound assessment equipment. Development in the market is also being accelerated by the growing elderly population. Pumping Up Over the course of the forecast period, it is anticipated that the population’s disposable incomes, adoption of irregular eating and sleeping schedules, and changing lifestyles would all contribute to market development. Furthermore, it is projected that the use of digital wound assessment equipment will reduce total healthcare costs, which will foster market expansion in the years to come.
Growing demand for accurate wound measurement via Electronic Medical Record (EMR) software is prompting the use of digital wound measurement devices. Increasing demand for better diagnostic purposes is pushing the application of digital wound measurement devices. Moreover, the market is being spurred by the increase in laboratories outfitted with the latest, more advanced medical facilities, and the surge in target population across the globe.
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Top Highlights as Per FMI’s Analysis of the Digital Wound Measurement Devices Market:
- The United States digital wound measurement devices industry is predicted to stay at the top in the forecast period as well. With US$ 1,026 million as the expected market estimation for the year 2033, the United States is anticipated to rule over all the countries. The market is projected to expand at 3.3% CAGR in the next 10 years.
- Canada is assessed to follow the United States’ lead, by amassing US$ 444.7 million by 2033. The country is projected to register a 4.4% CAGR in the next decade.
- In the Europe region, Germany’s contribution to the digital wound measurement devices industry is projected to be sizeable. Germany is anticipated to attain US$ 210.5 million by the end of 2033. The market is expected to display a 3.5% CAGR over the forecast period.
- The United Kingdom is anticipated to expand at a significant pace of 5.6% CAGR in the forthcoming years. By 2033 end, the market is predicted to gain US$ 163.7 million.
- In the Asia Pacific region, China market is prominent. The market is estimated to amass a total of US$ 130.9 million by 2033. The market is projected to exhibit a 4.2% CAGR over the forecast period.
What’s Brewing among Top Players?
Key participants in the market are invigorating their presence by launching new products or releasing new versions outfitted with advanced functionality. Some other common expansion practices among key players include acquisition, mergers, research, development, etc. Given below are some latest market developments:
- In March 2022, Perceptive Solutions, Inc., developer of WoundZoom Digital Wound Management, revealed the expanded functionality and advancements of their WoundZoom® Mobile solution, equipped with auto border wound detection technology.
- In April 2021, Perceptive Solutions, Inc., announced the launch of the WoundZoom Mobile application. This new solution arms healthcare provider by offering them an efficient and intelligent way to manage wound care.
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Key Players:
- Perceptive Solutions Inc.
- ARANZ Medical
- Smith & Nephew plc.
- WoundVision Inc.
- WoundMatrix Inc.
- KCI
- Parable Health
- Hitachi Healthcare Americas
- 3M Company
- WoundRight Technologies
Key Segments:
By Wound Type:
- Diabetic Ulcer
- Chronic Wounds
- Burns
- Incisional
- Traumatic
By End User:
- Hospitals
- Clinics
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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