Digital Wound Measurement Devices Market Scope
Digital Wound Measurement Devices were developed to measure wounds accurately and precisely and to make the wound assessment process easier and more streamlined. As wound measurement is important in monitoring the healing process of chronic wounds and in evaluating the effect of treatment, these devices are widely used in hospitals for Chronic wounds & burns. As per an estimation, in 2020, ~16.9% of the United States population will be of 65 years and older and chronic wounds affect ~6.5 million patients. The benefits offered by digital wound measurement devices such as accurate measurement of wound dimensions to track healing progression will drive the market growth throughout the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Smith & Nephew (United Kingdom), Hitachi Ltd (Japan), ARANZ Medical Limited (New Zealand), Aspen Surgical Products, Inc. (United States), Medline Industries, Inc. (United States), Kent Imaging Inc. (Canada), Rubitection Inc. (United States), Kadmon Holdings, Inc. (United States), Tissue Analytics, Inc. (United States), MolecuLight, Inc. (Canada) and Entec Health Limited (United Kingdom) |
CAGR | % |
The global digital wound measurement devices market is highly competitive and diversified due to the presence of a large number of regional and international providers across the globe. These providers are progressively focusing on the production of products that have a higher quality to meet the customer’s expectations such as high performance, reliability, and timely delivery. Furthermore, new players find it difficult to enter the market as the production needs advanced design and is highly capital-intensive. Research Analyst at AMA estimates that United States and European Players will contribute to the maximum growth of Global Digital Wound Measurement Devices market throughout the predicted period.
Smith & Nephew (United Kingdom), Hitachi Ltd (Japan), ARANZ Medical Limited (New Zealand), Aspen Surgical Products, Inc. (United States), Medline Industries, Inc. (United States), Kent Imaging Inc. (Canada), Rubitection Inc. (United States), Kadmon Holdings, Inc. (United States), Tissue Analytics, Inc. (United States), MolecuLight, Inc. (Canada) and Entec Health Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are WoundVision (United States), eKare, Inc. (United States), Wound Zoom Inc (United States), WoundMatrix, Inc. (United States), Puritan Medical Products (United States) and Integra LifeSciences (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Digital Wound Measurement Devices market by Type , by Application (Hospitals , Clinics and Others) and Region with country level break-up.
On the basis of geography, the market of Digital Wound Measurement Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In October 2023, Integra Life Sciences, a global medical technology company, acquired Veran Medical Technologies, a developer of innovative DWM systems. This acquisition gives Integra access to Veran's proprietary bioimpedance spectroscopy technology, which offers non-invasive wound assessment capabilities.
In November 2023, Woundcare Technologies, a leading provider of DWM solutions, announced the acquisition of Acelity's KCI division. This deal strengthens Woundcare Technologies' position in the market and expands its product portfolio with KCI's advanced wound care technologies.
Influencing Trend:
Technological Advancements Due To Rising Prevalence Of Chronic Diseases
Market Growth Drivers:
Rapidly Increasing Diabetic Wounds Cases As Well As Pressure Ulcers and Growing Geriatric Population
Challenges:
Lack Of Awareness About Wounds
Restraints:
High Cost Of Digital Wound Measurement Devices
Opportunities:
Increasing Healthcare Expenditures In Emerging Countries and Favorable Initiatives By The Government For The Healthcare Sector
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Wound Measurement Devices Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry