Wound Measurement Devices Market Trends

  • Report ID: 6063
  • Published Date: May 24, 2024
  • Report Format: PDF, PPT

Wound Measurement Devices Market Trends

Growth Drivers

  • Growing adoption of advanced wound treatment - The demand for wound measurement devices is increasing as more and more consumers become aware of the severity of these types of wounds such as loss of infection areas or limbs; they are also becoming increasingly inclined to take up Advanced Wound Management and Therapy.

    For instance, in January 2023, Convatec announced the launch of ConvaFoamTM in the United States. The purpose of this advanced foam dressing family is to satisfy the needs of medical professionals as well as patients. Since ConvaFoamTM may be applied to a range of wound types at any stage of the wound journey, it's an easy dressing solution for wound care and skin protection.
  • Surge in the adoption of telemedicine - The demand for precise wound assessment and data exchange has increased as telemedicine and remote patient monitoring have become more common. For instance, 52% of American adults polled in 2022 said they had used telemedicine, which involved a live video conference with their doctor. When compared to 2021, the utilization of all telemedicine modalities increased in 2022.

    This trend is driven by the fact that wound measuring devices allow healthcare professionals to examine and monitor wounds remotely, thereby reducing the need for in-person visits; and improving patient access to care. In light of the above-mentioned factors, the wound measurement devices market is predicted to grow steadily in the upcoming years.
  • Increased integration of AI in medical devices - Digital wound measurement devices are increasingly integrated with AI and machine learning. These technologies can help to automatically measure wounds, identify tissue types, and predict wound healing stages as well as provide more precise diagnostic information for healthcare professionals.

    For instance, with the latest advancements in deep learning and artificial intelligence, the inSight® 3D imaging and wound assessment system empowers doctors to make data-driven decisions for patient care. This month, eKare introduces its brand-new Remote Monitoring function, which enables clinicians to provide suitable patients with smartphone access to a condensed version of inSight®, enabling them to take care of their wounds and practice self-care.

Challenges

  • Absence of centralized framework - Even though wounds cause more deaths than any infectious or chronic sickness, they are not recognized as disorders or diseases. Attributed to this, the Center for Excellence in wound management and wound care is highly fragmented, unlike those of diabetes, cancers, and other fatal ailments. The adoption of wound measurement devices in commercial settings is limited by this lack of a central framework to support and coordinate the multidisciplinary network composed of surgeons, specialist nurses, health economists, or other professionals.

    High investment - Growth in the market may be hampered by the high initial cost of developing and implementing digital wound measurement devices solutions, particularly for large-scale projects.

Wound Measurement Devices Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5%

Base Year Market Size (2023)

USD 2 Billion

Forecast Year Market Size (2036)

USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 6063
  • Published Date: May 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of wound measurement devices was over USD 2 billion.

The market size for wound measurement devices is projected to cross USD 5 billion by the end of 2036 expanding at a CAGR of 5% during the forecast period i.e., between 2024-2036.

The major players in the market are MolecuLight Inc., Essity AB, Kent Imaging Inc., Woundvision, Parable Health, eKare Inc., ARANZ Medical Limited, TISSUE ANALYTICS, Swift Medical Inc., WoundMatrix, and others.

The chronic wound segment is anticipated to garner a share of 60% during 2024-2036.

The North America wound measurement devices sector is poised to hold 35% share by the end of 2036.
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