Digital Wound Measurement Devices Market – Insights
A structured approach is required to the assessment, diagnosis and management of patients with wounds in order to provide a good standard of care. Digital wound measurement devices are used in the measurement, imaging, and documentation of wounds. These electronic instruments or network-compatible smart devices are 3D-enabled to measure wound dimensions (area, length, width and depth) and produce a visible record of these dimensions.
The global digital wound measurement devices market is estimated to account for US$ 2,720.9 Mn in terms of value by the end of 2027.
Global Digital Wound Measurement Devices Market: Drivers
Increasing cases of burn injuries is expected to propel growth of the global digital wound measurement devices market over the forecast period. For instance, in February 2019, a study published in the journal Experimental and Therapeutic Medicine reported that 13,205 burn patients were admitted to the Burn Research Institute of Southwest Hospital of the Army Medical University, China during 2009-2016.
Increasing incidence of diabetic foot ulcers is also expected to aid in growth of the market. For instance, the prevalence of diabetic foot ulcers was 51.8% in a community based study conducted by Kasturba Medical College, India, in June 2018.
Moreover, increasing healthcare expenditure is also expected to aid in growth of the market. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.
North America region held dominant position in the global digital wound measurement devices market in 2019, accounting for 44.5% share in terms of value, followed by 2027
Figure 1. Global Digital Wound Measurement Devices Market Share (%), by Region, 2019
Global Digital Wound Measurement Devices Market: Restraints
There are several notable limitations to digital wound measurement. Useful digital information cannot be obtained from all wounds such as those between toes. This in turn is expected to hinder growth of the market.
Moreover, lack of information regarding changes in the depth of the wound over time is also expected to hamper growth of the market. Some cases may show substantial decrease in wound volume, although there is minor change in area.
Diabetic Ulcer segment in the global digital wound measurement devices market was valued at US$ 810.8 Mn in 2019 and is expected to reach US$ 1,203.0 Mn by 2027 at a CAGR of 5.1% during the forecast period.
Market Trends/Key Takeaways
The market is witnessing integration of digital wound measurement devices with electronic medical record (EMR). EMR integration eliminates the need for clinicians to choose between spending time with patients and performing documentation tasks and reduces the errors from double documenting while making the data easily accessible for future analysis.
The use of advanced sensors, diagnostics, and imaging devices in advanced wound care is low compared to other medical specialties. This can be attributed to challenges of cost and reimbursement.
Global Digital Wound Measurement Devices Market: Competitive Landscape
Major players operating in the global digital wound measurement devices market include, Wound Zoom Inc., ARANZ Medical, Woundworks BV, and eKare Inc.
Global Digital Wound Measurement Devices Market: Key Developments
Major players in the market are focused on adopting various marketing strategies to enhance their market share. For instance, in October 2019, eKare’s inSight digital 3D imaging and wound measurement system was selected to join the NHS Digital Health Accelerator run by the East Midlands Academic Health Science Network (EMAHSN).
Major players in the market are also focused on presenting their products in symposiums to expand their customer base. For instance, in May 2019, WoundZoom Inc. exhibited at the Symposium of Advanced Wound Care (SAWC) in San Antonio.