Digital Wound Management Devices Market – Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2017–2025

Digital wound management device is a 3D-enabled device which measure wound dimensions such as length, depth, width, and area. It also yields a visible record of this measurement. These devices primarily convert line tracing into area measurement and they are also used to compute the change in the area of wounds during the process of healing. One unit refers to one device. Wound assessment and monitoring systems are essentially digital aids or devices that enable imaging, measurement and documentation of wound by offering a 3D assessment of the same which EMR (electronic medical record) software integration. Since inadequate wound care results in various incapacitating healthcare-associated infections and also adds to the cost load to the patient, contemporary digital tools are taking the conjecture out of wound care. Proliferation of smartphones, emergence of telehealth and new digital tools for wound care and management, have changed the way hospitals perform their daily workflows or how wound infected patients are being treated. The ultimate goal of this is to decrease hospital re-admission and bring about positive clinical outcome

The erratic wound care outcomes have mandated industry to deliver economic clinical evidence and improve the care coordination by using digital tools/guidelines for operational decision making, acting as a key growth opportunity that will fuel the market growth. The digital age is becoming the go-to-treatment (occasionally for years) for wounds for no significant improvements. Efforts are being taken to start advanced wound care by substituting swabs and rulers with iPad and Smartphone.

Digital Wound Management Devices Market Taxonomy

On the basis of wound type, the global digital wound management devices market is classified into:

  • Diabetic Ulcer
  • Chronic wounds
  • Burns
  • Incisional
  • Traumatic wounds

On the basis of end-user, the global digital wound management devices market is classified into:

  • Hospitals
  • Clinics
  • Others

Rise in occurrence of chronic diseases, growing aging population and increase in product innovations are some of the key factors fuelling the overall market at the current stage. Nonetheless, high expense of latest technologies and lack of trained professionals are some of the factors that may pose a challenge to the growth of the market. However, increase in the government initiatives towards the prevention and cure of injuries across the world will encourage the overall market for digital wound management devices.

Increasing prevalence of surgeries and rising geriatric population will drive the overall digital wound management devices market

The increasing volume of surgical procedures across the globe is likely to drive the overall growth of the digital wound management devices market during the forecast period. Surgeries are conducted to mange various diseases including gastrointestinal diseases, cardiovascular diseases, spinal abnormalities, urological disorders, orthopedic deformities, and brain tumors. The significant growth in the number of surgeries, especially in the European countries will help in the growth of the digital wound management devices market in this region. For example, the amount of laparoscopic colostomy surgeries tripled in Spain and doubled in Slovenia between 2008 and 2014.  Different types of surgeries performed in various ASCs or ambulatory surgical centers include hernia procedure, cervix and uterus removal, transurethral excision, lens and cataract, and hysterectomy. The increase in geriatric population as well as the growth in the number of surgeries will fuel the growth of the digital wound management devices market in the near future.

By geography, North America held the maximum share of digital wound management devices market in 2016 and is likely to continue its dominance during the forecast period. The rising demand for surgery in labor patients is projected to further propel market growth. According to a report by Centers for Disease Control and Prevention, around 3,984,502 deliveries including caesarean and vaginal were conducted in the U.S. in 2016. Asia Pacific is expected to grow at a substantial rate. Countries such as India and China have a large pool of diabetic population and also a sizeable geriatric population. Moreover, increased healthcare spending and rise in per capita income are some of the other reasons that will fuel the growth of the market in this region.

Some of the companies operating in the digital wound management devices market in the current scenario are WoundMatrix, Aranz Medical Ltd., Woundzoom Inc., Woundvision, LLC., Tssue Analytics, Inc., Parable Health, Inc., and Rubitection, Inc.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.