Digital Wound Measurement Devices Market size was valued at USD 429.36 million in 2024 and is anticipated to exceed USD 780.06 million by the end of 2037, registering over 4.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of digital wound measurement devices is evaluated at USD 2.2 Billion.
The market is growing owing to the increase in the burden of chronic wounds, including ischemic wounds and ulcers, as a result of fast-paced lifestyles. According to recent data from the National Institute of Health, 1–2% of people are predicted to sustain a chronic wound at some point in their lives in developed nations.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
4.7% |
Base Year Market Size (2024) |
USD 429.36 million |
Forecast Year Market Size (2037) |
USD 780.06 million |
Regional Scope |
|
Wound Type (Chronic, Acute)
Chronic segment is estimated to hold digital wound measurement devices market share of over 60% by the end of 2037. The rising prevalence of chronic conditions such as diabetes, obesity, and cardiovascular disease has resulted in an increase in the frequency of chronic wounds such as diabetic ulcers, pressure ulcers, and vein ulcers. According to a report by IDF, 783 million adults, or one in every eight of the population, will have diabetes by 2045, a 46% increase. More than 90% of diabetes patients suffer from type 2 diabetes, which is caused by a mix of genetic, environmental, demographic, and socioeconomic factors.
These disorders frequently cause sluggish or non-healing wounds, necessitating continuing therapy and monitoring. Furthermore, as the world's population ages, chronic wounds become more common. Elderly people are more prone to chronic wounds due to decreased skin elasticity, loss of circulation, and concurrent conditions.
End-use (Hospitals, Clinics)
In digital wound measurement devices market, hospitals segment is poised to cross USD 42 Billion by the end of 2037. Hospitals aim to provide high-quality patient care and improve results. Therefore, the growing number of hospitals is escalating the growth of the segment. For instance, approximately 2,845 beds are non-profit, 1,234 are for-profit, and 1,623 are government-owned in the US.
Wound measurement enables healthcare professionals to assess wounds in a precise manner, follow their progress, and keep an eye on them, devices help achieve this goal. Make the right choices about treatment, which may lead to better outcomes for patients. In addition, an effective and simplified approach to wound assessment is provided by digital digital wound measurement devices. They make it easier for healthcare professionals to take advantage of their time and resources to speed up the measurement of wounds.
Our in-depth analysis of the market includes the following segments:
Product Type |
|
Wound Type |
|
End-use |
|
North America Market Statistics
North America region in digital wound measurement devices market is projected to account for more than 35% revenue share by the end of 2037. The market growth in the region is also expected on account of the surging adoption of advanced wound dressing and management solutions and the growing prevalence of complex and chronic wounds. For instance, O&M Halyard presents a cutting-edge wound dressing portfolio designed to satisfy the requirements of both patients and professionals. Healthcare professionals and caregivers now have a new option for managing both acute and chronic wounds due to HALYARD alginate, gelling fiber, and foam dressings.
The United States has a relatively high prevalence of chronic diseases such as diabetes and obesity. For instance, approximately 33% of people in the 18+ age group were obese as of 2022. The need for better wound diagnostic and management options is fueled by the fact that these disorders frequently result in chronic wounds.
Canadian healthcare providers are more likely to invest in and adopt digital digital wound measurement devices to provide high-quality wound care services, contributing to the market’s growth in the region. Also, the frequency of diabetic foot ulcers is increasing along with the number of persons who have diabetes mellitus. According to the data quoted by National Library of Medicine, diabetic foot ulcers (DFUs) can occur in up to 25% of the approximately 4 million Canadians with diabetes at some point in their lives.
APAC Market Analysis
The APAC region will also witness huge growth for the digital wound measurement devices market during the projected period and will hold the second position owing to the increasing improvements in healthcare awareness. In addition to this, healthcare infrastructure and the rise in the number of laboratories with advanced medical facilities are some of the other factors propelling the market growth in the region.
Korea is known for its robust technological growth in the healthcare industry. Advances in material science have produced enhanced wound dressings that promote quicker and more efficient healing, like hydrocolloid and hydrogel dressings.
Digital wound measurement devices market in China is anticipated to grow majorly due to the increasing use of telemedicine. According to a report, by December 2023, 414 million Chinese citizens—or about 38% of the nation's Internet population—had accessed medical services via the Internet.
The increasing focus on research and development (R&D) is creating new opportunities for the Japan's market by allowing for the introduction of cutting-edge wound care products like tissue-engineered goods, growth factors, and bioactive dressings.
The companies mentioned below have used various strategic techniques to increase their market shares in domestic as well as international markets, some of these strategies include collaborations, mergers and partnerships formed to provide cutting-edge solutions that efficiently manage corporate operations.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?