Digital Wound Measurement Devices Market is expected to grow at a CAGR of around 4.55% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the Digital Wound Measurement Devices Market is expected to grow at a CAGR of around 4.55% from 2022-2028. The analysis has been segmented into Product Type (Non-contact Wound Measuring Devices and Contact Wound Measuring Devices);Device Type (3D Wound Measurement Devices and Laser-Assisted Wound Measurement Devices); Wound Type (Chronic Wounds, Burns & Trauma, Incisional & Traumatic, and Others); End User (Hospitals, Clinics, Community Centers, and Others); Region/Country.
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The Digital Wound Measurement Devices market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Digital Wound Measurement Devices market. The Digital Wound Measurement Devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Digital Wound Measurement Devices market at the global and regional levels.
Market Overview
Digital wound measurement devices are used to monitor chronic wounds and give the right medicine dose to fasten the healing process. Chronic wounds can result in life-threatening infections and amputations if left untreated. As a result, digital wound measurement instruments enable the delivery of individualized treatments following a 2D or 3D assessment of the infection and inflammation. Therefore, the growing incidences of chronic disease-associated wounds such as in diabetic patients, and the number of injuries or traumatic wounds are also anticipated to drive the market. For instance, according to the IDF Diabetes Atlas Ninth edition, 2019, 1 out of 5 people who are above 65 years old have diabetes and 1 out of 2 (232 million) people were suffering from diabetes but were undiagnosed. Moreover, rising road accidents are another factor responsible for upsurging the global market growth. For instance, as per the World Health Organization, approximately 1.3 million people die each year because of road traffic crashes, and more than half of all road traffic deaths are among vulnerable road users pedestrians, cyclists, and motorcyclists. Owing to these alarming figures, the demand for digital wound measurement devices is increasing, resulting in market growth.
The Digital Wound Measurement Devices Market is expected to grow at a steady rate of around 4.55% during the forecast period. Factors such as the growing cases of chronic diseases-associated wounds, rising traumatic injuries such as falls, accidents, and burns, increase in the aging population, increasing awareness of proper wound care management, rising capital for wound care research, and technological developments in wound care products are some of the prominent factors contributing to the growth of the market.
Some of the major players operating in the market include Parable Health, ARANZ Medical Limited, eKare, Inc., WoundMatrix, Inc., Kent Imaging Inc., Integra LifeSciences, Smith & Nephew plc., WoundRight Technologies, LLC, WoundVision, LLC, Hitachi Healthcare Americas
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry in every aspect. The digital wound measurement devices market is expected to witness an uptick during the pandemic owing to the incidence of diabetes, obesity & chronic diseases.
The global digital wound measurement devices market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on product type, the digital wound measurement devices market is bifurcated into non-contact wound measuring devices and contact wound measuring devices. The non-contact wound measuring devices segment accounted for a significant market share in 2020. It is estimated that it will grow rapidly during the projected timeframe owing to its advantages over its counter devices. Moreover, non-contact wound measuring devices take precise pictures of wounds for record-keeping, which in turn is a major factor contributing to the growth of this segment.
· Based on device type, the digital wound measurement devices market is bifurcated into 3D wound measurement devices and laser-assisted wound measurement devices. The 3D wound measurement devices segment grabbed a significant market share in 2020. The growth of this segment can be attributed to the rising technological developments in wound care products and the increasing awareness of proper wound care management.
· Based on wound type, the digital wound measurement devices market is segmented into chronic wounds, burns & trauma, and incisional & traumatic. Among these, the chronic wounds segment will hold a significant market share in 2020. This is mainly due to the rising cases of chronic wounds such as diabetic foot ulcers, and pressure ulcers among others.
· Based on end user, the digital wound measurement devices market is segmented into hospitals, clinics, community centers, and others. The hospital segment will contribute majorly to the market share in 2020, owing to the increasing preference of patients to avail treatment in hospitals. Also, the tendency of consumers to visit hospitals for safe and authorized treatment will drive the growth of this segment.
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Digital Wound Measurement Devices Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period. The region's market expansion is influenced by the growing incidence of cases of wounds. According to the National Burn Repository, 2019, of the American Burn Association (ABA), flame burns continue to account for the bulk of injuries in the US (43%) followed by scalds (34%), contact (9%), electrical burn injuries (4%), chemical burn injuries (3%) and miscellaneous (7%).
The major players targeting the market include
· Parable Health
· ARANZ Medical Limited
· eKare, Inc.
· WoundMatrix, Inc.
· Kent Imaging Inc.
· Integra LifeSciences
· Smith & Nephew plc.
· WoundRight Technologies, LLC
· WoundVision, LLC
· Hitachi Healthcare Americas
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the digital wound measurement devices market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the digital wound measurement devices market?
• Which factors are influencing the digital wound measurement devices market over the forecast period?
• What are the global challenges, threats, and risks in the digital wound measurement devices market?
• Which factors are propelling and restraining the digital wound measurement devices market?
• What are the demanding global regions of the digital wound measurement devices market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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