[Research Report] The digital wound measurement devices market is expected to grow from US$ 161.69 million in 2021 to US$ 223.31 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
Digital wound measurement device is an advanced device that measures wound dimensions, such as width, length, area, and depth. These devices are used to compute the change in wounds as it heals and primarily converts line tracing into area measurement of the wound. These devices offer imaging, documentation, and measurement of the wound by offering a 3D evaluation with the integration of electronic medical record (EMR) software. Inconsistent wound care results have influenced industry players to provide clinical evidence and improve care coordination by utilizing digital tools for operational decision-making and functions. The digital wound measurement devices market is segmented on the basis of product, type of wound, application, device type, end user, and geography. By geography, the digital wound measurement devices market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The report offers in-depth insights into the market, emphasizing parameters, such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of leading market players.
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Digital Wound Measurement Devices Market: Strategic Insights
Market Size Value in US$ 161.69 Million in 2021 Market Size Value by US$ 223.31 Million by 2028 Growth rate CAGR of 4.7% from 2021 to 2028 Forecast Period 2022-2028 Historic Period 2019-2020
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Digital Wound Measurement Devices Market: Strategic Insights
| Market Size Value in | US$ 161.69 Million in 2021 |
| Market Size Value by | US$ 223.31 Million by 2028 |
| Growth rate | CAGR of 4.7% from 2021 to 2028 |
| Forecast Period | 2022-2028 |
| Historic Period | 2019-2020 |
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Market Insights
Increasing Incidences of Ulcers Contributes Significantly to Market Growth
The rising adoption of unhealthy lifestyles, alcohol consumption, and smoking contributes to the rise in the prevalence of non-communicable diseases. For instance, in 2018, the World Health Organization (WHO) stated that 13% of adults aged 18 and above were obese globally. The US has the highest obesity prevalence (~42.4%), followed by Saudi Arabia, Turkey, Egypt, Libya, Iran, Iraq, South Africa, Canada, Mexico, Australia, and many South American & European countries. Moreover, diabetes affected 34.2 million American citizens (10.5 % of the population) as of 2018. Prediabetes affects 88 million people, and if left untreated, it can evolve to type 2 diabetes (T2D) within five years. Diabetes affects ~4.2% of people aged between 18 and 44, ~17.5% of adults aged from 45 to 64, and ~26.8% of those aged 65 and above. Thus, the rising diabetes-associated risks, such as diabetic foot ulcers and pressure sores, are increasing the digital wound measurement devices market size. Moreover, complications associated with diabetes, such as diabetic foot ulcers (DFUs), are also facilitating the need for advanced wound care management products. For instance, as per the International Diabetes Federation, people with diabetes are 15–40 times more likely to require lower-leg amputation. ~85% of amputations are followed by the development of a neuropathic foot ulcer. Therefore, these factors are driving the demand for digital wound measurement devices over the forecast period.
Product-Based Insights
Based on product type, the digital wound measurement devices market is bifurcated into non-contact digital wound measuring devices and contact digital wound measuring devices. In 2021, the non-contact digital wound measuring devices segment accounted for a larger market share due to technological advancements and the device’s effective & contact-less way of measuring the surface area & volume of the wounds.
Type of Wound-Based Insights
Based on type of wound, the digital wound measurement devices market is bifurcated into chronic wounds and acute wounds. Chronic wounds are further divided into pressure ulcers (PU), diabetic foot ulcers (DFU), venous leg ulcers (VLU), and arterial ulcers. Acute wounds are further bifurcated into burns & trauma and surgical wounds. The chronic wounds segment held a larger share of the market in 2021. This is attributed to rise in the incidence of chronic wounds such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers.
Device Type-Based Insights
Based on device type, the digital wound measurement devices market is bifurcated into 3D wound measurement devices and laser-assisted measurement devices. The laser-assisted wound measurement devices segment held a larger share of the market in 2021; it is anticipated to register a higher CAGR in the market during the forecast period.
Application-Based Insights
Based on application, the digital wound measurement devices market is segmented into wound care, limb preservation, and reconstructive surgery. The wound care segment is further segmented into blood perfusion, hyperbaric oxygen therapy, tissue viability, and others. The chronic wounds segment held the largest share of the digital wound measurement devices market in 2021. However, the wound care segment is anticipated to register the highest CAGR in the digital wound measurement devices market during the forecast period.
End User-Based Insights
Based on end user, the digital wound measurement devices market is bifurcated into hospitals & clinics and community centers. The hospitals & clinics segment held a larger share of the digital wound measurement devices market in 2021; it is anticipated to register a higher CAGR in the digital wound measurement devices market during the forecast period.
Product launches, mergers, and acquisitions are highly adopted strategies by the global digital wound measurement devices market players. A few of the recent key market developments are listed below:
In September 2021, Kent Imaging announced Health Canada’s approval for SnapshotNIR V3.0 (KD204) – now available for shipping in both official languages. This upgrade provides significant feature enhancements to the imaging technology that advances tissue assessment in acute and chronic wounds.
Digital Wound Measurement Devices – Market Segmentation
Based on product, the digital wound measurement devices market is bifurcated into contact digital wound measuring devices and non-contact digital wound measuring devices. Based on type of wound, the market is bifurcated into chronic wounds and acute wounds. The chronic wounds segment is further segmented into pressure ulcers (PU), diabetic foot ulcers (DFU), venous leg ulcers (VLU), and arterial ulcers. The acute wounds segment is further bifurcated into burns & trauma and surgical wounds. Based on device type, the digital wound measurement devices market is bifurcated into 3D wound measurement devices and laser-assisted measurement devices. Based on application, the market for digital wound measurement devices is segmented into wound care, limb preservation, and reconstructive surgery. The wound care segment is further segmented into blood perfusion, hyperbaric oxygen therapy, tissue viability, and others. Based on end user, the digital wound measurement devices market is bifurcated into hospitals & clinics and community centers. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Digital Wound Measurement Devices Market Report Scope
Company Profiles
- eKare Inc.
- Kent Imaging Inc.
- WoundMatrix Inc.
- Perceptive Solutions
- WoundVision
- Aranz Medical Ltd.
- Tissue Analytics
- Fuel 3D Technologies Ltd.
- Hitachi Aloka Medical America Inc.
- MolecuLight Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Digital Wound Measurement Devices market majorly consists of the players such as eKare, Inc.; Kent Imaging Inc.; WoundMatrix, Inc.; Perceptive Solution; WoundVision; Aranz Medical Limited; Tissue Analytics; Fuel 3D Technologies Limited; Hitachi Aloka Medical America, Inc.; and MolecuLight Inc., among others.
The global Digital Wound Measurement Devices market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The largest market for digital wound measurement devices is held by the North American region. The United States held the largest market for digital wound measurement devices, and the market is expected to grow due to technological advancements and the presence of key market players of the digital wound measurement devices in the country. The Asia-Pacific region is expected to be the fastest-growing region with an expected CAGR of 5.2% during the forecast period.
The hospitals and clinics segment are expected to be the leading end user in the digital wound measurement devices market with an expected revenue share of 79.07% in 2021.
The factors that are driving the growth of the market are the increasing incidences of wounds & ulcer and growing number of surgical procedures worldwide. Moreover, the elevated healthcare expenditure is expected to provide growth opportunities to the market. The rise in research activities and product innovations expected to be a future trend that will drive the market’s growth in the coming years.
The non-contact digital wound measuring device segment is expected to be the leading product in the digital wound measurement devices market with an expected revenue share of 75.84% in 2021.
Digital wound measurement devices are aids that assist the physicians in monitoring the wounds by measuring, imaging, tracking and documenting the wounds in terms of size and oxygen level and hence help in selecting the ideal treatment for speeding up the process of healing. These devices are able to provide a two- or three-dimensional assessment of the wounds for calculating the change in area of wound over the time for tracing the healing process.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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