Future Market Insights (FMI) has released a comprehensive analysis projecting a steady climb for the global digital wound measurement devices market over the next decade. According to the report, the market is anticipated to register a compound annual growth rate (CAGR) of 3.8%, propelling its size from USD 2,266.6 million in 2023 to an impressive USD 3,293.3 million by 2033.
Several factors are driving this robust growth trajectory. A significant surge in chronic ailments such as diabetes, heart disease, and obesity is creating heightened demand for advanced wound care solutions. Digital wound measurement devices are becoming increasingly crucial in the management and treatment of these conditions, providing accurate and efficient wound assessment.
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Moreover, the expanding geriatric population is acting as a significant catalyst for market expansion. As the elderly are more prone to chronic wounds and require meticulous care, the need for precise wound measurement devices is escalating. The report also highlights the impact of rising disposable incomes and shifting lifestyle choices. Unhealthy habits, including irregular sleep patterns and poor dietary habits, are contributing to a greater prevalence of chronic conditions, thereby driving market growth.
The market’s steady rise is further supported by advancements in technology and innovation within the healthcare sector. Digital wound measurement devices are continually evolving, offering improved accuracy, user-friendliness, and integration with other medical technologies. These innovations are expected to enhance patient outcomes and streamline wound care management practices globally.
As the global digital wound measurement devices market continues to expand, stakeholders and industry players are presented with lucrative opportunities for investment and development. The forecasted growth underscores the vital role these devices play in modern healthcare and their potential to significantly impact patient care standards.
Top Highlights as Per FMI’s Analysis of the Digital Wound Measurement Devices Market:
- The United States digital wound measurement devices industry is predicted to stay at the top in the forecast period as well. With USD 1,026 million as the expected market estimation for the year 2033, the United States is anticipated to rule over all the countries. The market is projected to expand at 3% CAGR in the next 10 years.
- Canada is assessed to follow the United States’ lead, by amassing USD 444.7 million by 2033. The country is projected to register a 4% CAGR in the next decade.
- In the Europe region, Germany’s contribution to the digital wound measurement devices industry is projected to be sizeable. Germany is anticipated to attain USD 210.5 million by the end of 2033. The market is expected to display a 5% CAGR over the forecast period.
- The United Kingdom is anticipated to expand at a significant pace of 6% CAGR in the forthcoming years. By 2033 end, the market is predicted to gain USD 163.7 million.
- In the Asia Pacific region, China market is prominent. The market is estimated to amass a total of USD 130.9 million by 2033. The market is projected to exhibit a 2% CAGR over the forecast period.
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What’s Brewing among Top Players?
Key participants in the market are invigorating their presence by launching new products or releasing new versions outfitted with advanced functionality. Some other common expansion practices among key players include acquisition, mergers, research, development, etc. Given below are some latest market developments:
- In March 2022, Perceptive Solutions, Inc., developer of WoundZoom Digital Wound Management, revealed the expanded functionality and advancements of their WoundZoom® Mobile solution, equipped with auto border wound detection technology.
- In April 2021, Perceptive Solutions, Inc., announced the launch of the WoundZoom Mobile application. This new solution arms healthcare provider by offering them an efficient and intelligent way to manage wound care.
The Digital Wound Measurement Devices Market Report Profiles the Following Key Players
- Perceptive Solutions Inc.
- ARANZ Medical
- Smith & Nephew plc.
- WoundVision Inc.
- WoundMatrix Inc.
- KCI
- Parable Health
- Hitachi Healthcare Americas
- 3M Company
- WoundRight Technologies
Key Segments of Digital Wound Measurement Devices Industry Survey:
By Wound Type:
- Diabetic Ulcer
- Chronic Wounds
- Burns
- Incisional
- Traumatic
By End User:
- Hospitals
- Clinics
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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