FMI’s analysis projects the global digital wound measurement devices market to grow at a compound annual growth rate (CAGR) of 3.8% during the projected period. By the end of 2033, the industry is expected to have grown from US$ 2,266.6 million in 2023 to US$ 3,293.3 million.
The demand for digital wound measurement devices is being fueled by the prevalence of chronic diseases like diabetes, heart disease, obesity, etc. The rise in the geriatric population is also catalyzing market development. Inflating disposable incomes of the population, adoption of irregular sleeping and eating habits; and altering lifestyles are projected to boost market development over the forecast period. In addition to this, the usage of digital wound measurement devices is anticipated to help minimize overall healthcare expenditure, thus promoting market growth over the upcoming years.
Growing demand for accurate wound measurement via Electronic Medical Record (EMR) software is prompting the use of digital wound measurement devices. Increasing demand for better diagnostic purposes is pushing the application of digital wound measurement devices. Moreover, the market is being spurred by the increase in laboratories outfitted with the latest, more advanced medical facilities, and the surge in target population across the globe.
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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 US$ 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 3.3% CAGR in the next 10 years.
- Canada is assessed to follow the United States’ lead, by amassing US$ 444.7 million by 2033. The country is projected to register a 4.4% 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 US$ 210.5 million by the end of 2033. The market is expected to display a 3.5% CAGR over the forecast period.
- The United Kingdom is anticipated to expand at a significant pace of 5.6% CAGR in the forthcoming years. By 2033 end, the market is predicted to gain US$ 163.7 million.
- In the Asia Pacific region, China market is prominent. The market is estimated to amass a total of US$ 130.9 million by 2033. The market is projected to exhibit a 4.2% CAGR over the forecast period.
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.
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:
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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