The Global Digital Wound Measurement Devices Market Growth Accelerated By Increased Adoption In Chronic Wound Management
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Digital Wound Measurement Devices Market |
Digital wound measurement devices
are medical equipment used for tracking the progress of wound healing. With the
rise of telehealth and home healthcare trend, these devices offer contactless
and remote wound assessment capabilities. For example, digital planimetry
devices allow healthcare professionals to accurately measure wound size and
track changes over time through digital photographs.
The global digital wound
measurement devices market is estimated to be valued at US$ 86.99 Mn in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market Dynamics:
The growth of the global digital
wound measurement devices market is majorly driven by the growing adoption of
telehealth and home healthcare trend across the globe. Telehealth offers remote
patient monitoring which has been boosted during the COVID-19 pandemic. Digital
wound measurement devices integrated with smartphone apps allow remote wound
monitoring for patients isolating or quarantining at home. This reduces
unnecessary visits to healthcare facilities and risk of infection.
Additionally, the rising burden of chronic wounds such as diabetic foot ulcers
and pressure ulcers will continue fueling the demand for digital wound
measurement devices with accurate assessment and monitoring capabilities over
the forecast period.
SWOT Analysis
Strength: Digital wound
measurement devices provide accurate and reliable measurements that help
monitor wound healing progress objectively. They allow for standardized
documentation that aids comparison of wounds over time. Using these devices
reduces the chances of human error associated with manual measurements.
Weakness: These devices require
additional expenses for buying and maintaining the equipment. Their use
necessitates adequate staff training which increases costs for healthcare
providers. Some sophisticated models suited for complex wounds have high price
tags limiting widespread adoption.
Opportunity: Rising geriatric
population prone to chronic wounds drives demand. Increasing incidence of
diabetes leading to diabetic foot ulcers presents a lucrative market. Developing
nations offer scope as wound care awareness and spending power rises.
Threats: Availability of
alternative low-cost methods limits full adoption. Reimbursement policies pose
challenges in some regions. Stringent regulations for new product approvals delay
market entry of innovations.
Key Takeaways
The Global
Digital Wound Measurement Devices Market Size is expected to witness
high growth over the forecast period. The global digital wound measurement
devices market is estimated to be valued at US$ 86.99 Mn in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period
2024 to 2031.
Regional analysis:
North America holds the largest
share of the digital wound measurement devices market supported by increasing
incidence of chronic diseases, advanced healthcare infrastructure and favorable
reimbursement policies. According to the Wound Care Association, approximately
6.5 million patients in the US suffer from chronic wounds. Asia Pacific is
anticipated to witness the fastest growth during the forecast period. Rapidly
developing economies like China and India offer lucrative prospects for market
players owing to rising medical tourism, growing diabetes prevalence and
improving access to quality wound care.
Key players:
Key players operating in the
digital wound measurement devices market are Aegis Medicals, Refine Medical
Technology, Delta Medical International, Micro Lab, M&B, Dräger, Xuzhou
Kejian Hi-tech, and Natus Medical. Aegis Medicals offers the WoundVision
application featuring advanced AI for measuring wound dimensions and area
automatically. Refine Medical Technology provides the Visitrak Digital system
addressing the needs of chronic and acute wounds.
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