Email
Print
Wound Measurement Devices Market - Forecast(2024 - 2030)
Wound Measurement Devices Market Overview
Wounds
Measurement Devices Market size is estimated at $1.7 billion in 2020, projected
to grow at a CAGR of 4.7% during the forecast period 2021-2026. Wound
measurement devices industry includes labels, flow stickers, skin markers,
tracing materials. These are digital monitoring systems used in measurement and
digital imaging and in documenting wounds. Wound is defined as an injury to the
body in the form of surgery, violence, accident that causes laceration or
breaking of surface of skin and mostly damage to underlying tissues. Wounds are
classified into acute and chronic. Where acute wounds heal in predicted amount
of time without any complications like lacerations, minor cuts, abrasions,
surgical wounds. Chronic wounds like Pressure ulcers (PUs) takes long time to
heal with complications. Pressure in combination with friction causes localized
ulcers known as pressure ulcers. Elderly population with diabetes, stroke,
dementia and with impaired mobility are mostly prone to this type of ulcers. A
prolonged sedentary stay in intensive care also develops PU in healthy
patients. It is estimated that in the United States 2.5 million people develop
PU annually, these are mostly unpreventable. Wound treatment is indeed
dependent on the type and location of wound. In certain situations, wound areas
have to be properly understood in order to provide that region with appropriate
treatment. Doctor’s measure wounds to accurate their treatment approach. The clinical
documentation of wound through digital imaging with various software application
has improved from past decade. By measuring the wounds, they gather the
information to develop and modify a patient’s treatment plan. By knowing the
width, size of wound doctors develops short-term and long-term health goals,
resulting in fruitful approach of wound management. Moreover, it is a
compulsory procedure to study the progress of wound healing, assessment of
wounds and the regular follow-up of wound size are relevant in terms of
reimbursements, insurance coverage.
The
wounds that are open for longer period and not progressed through normal
process of healing are termed as chronic wounds. These types of wounds are most
seen in elderly population. In the United States, around 3% of the population
above 65 years of age are having open wounds. According to Centers for Diseases
Control and Prevention (CDC) recent released study 100 million adults are
living with diabetes or prediabetes in the United States. Worldwide this number
is estimated to be 400 million. The prevalence of foot ulcers (FU) and Pressure
ulcers is high in diabetic population. Chronic wounds are the major source of
morbidity and mortality. Wound Electronic Medical Devices (WEMR) or Electronic
Medical Records (EMR) or digital imaging are used to describe wound
characteristics that are associated with wound emergency. Electronic medical
record systems are the software programs that offer multi-faceted management
tools for healthcare facilities. It helps to alert doctors or clinicians to
subtle improvements in wounds that need aggressive care, preventing emergency
room visits and hospital admissions.
Wounds Measurement Devices Market Report Coverage
The report: “Wounds Measurement Devices Market Forecast
(2021-2026)”, by Industry ARC, covers an in-depth analysis of the following
segments of the Wounds Measurement Devices
Market.
By Wound Type: Acute Wound - Burns & Trauma and Surgical
Wounds and Chronic Wound - Pressure Ulcers (PU), Diabetic Foot Ulcers (DFU), Venous
Leg Ulcers (VLU) and Arterial Ulcers
By Product Type: Contact Wound Measuring Devices and
Non-Contacting Wound Devices
By End User: Hospitals, Clinics and Others
By Geography: North America (U.S., Canada, Mexico), Europe
(Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific
(China, Japan, India, South Korea, Australia & New Zealand, and Rest of
Asia Pacific), South America (Brazil, Argentina and Rest of South America), and
Rest of the World (Middle East and Africa)
Key Takeaways
- The wound measurement devices industry is rapidly growing owing to the increasing geriatric population coupled with growing diabetic population that are most susceptible to the wounds.
- Geographically, North America Wounds Measurement Devices Market held the largest revenue share of 43% in 2020 owing to the highest disposable income and growing geriatric population in this region.
- Increased demand for R&D made by the key players in different region of the world are driving the market
- Detailed analysis on the Strength, Weakness and Opportunities of
the prominent players operating in the market is provided in the Wounds Measurement Devices Market.
Wound Measurement Devices Market Segment Analysis - By Wound Type:
Based on wound type, Wounds
Measurement Devices Market is segmented into Acute and Chronic Wounds. Chronic
Wounds are classified into diabetic foot ulcers, pressure ulcers, arterial
ulcers and venous leg ulcers. Acute wounds are further segmented into surgical
wounds, burns and trauma. Chronic wounds segment is accounted
for the largest revenue market share in 2020 owing to its huge prevalence
worldwide. The
wounds that take longer period of time and not progressed through normal
process of healing are termed as chronic wounds. Elderly population is mostly
prone to chronic wounds, thus generating demand for contactless technologies
for digital imaging of wounds. The population of 65 years and old grew by over
a third during past decade, and by 3.2% during 2018 to 2019. People with
various chronic diseases like diabetes, heart diseases are more susceptible to
such wounds. The prevalence of diabetes is predicted to rise to 10.2% by 2030.
This is higher in urban regions than that of rural areas. According to Indian
data, the prevalence of chronic wounds is estimated to be 4.5/1000 population
and the global data shows that around 17.2 million hospital visits are owing to
wounds, including inpatient surgical visits and outpatient visits. Acute wounds
segment is poised to grow with the fastest CAGR of 5.3%
in the forecast period 2021-2026 owing their growing prevalence at the rate of
9% annually. According to American Burn Association (ABA) National Burn
Respiratory 2019 reports, it is stated that overall burns are 41% that majority
of injuries in the U.S.
Wound Measurement Devices Market Segment Analysis - By Product Type:
Based on product type, Wounds Measurement Devices Market is
segmented into Contact Wound Measuring Devices and Non-Contacting Wound
Devices. Non-Contact wound measuring devices segment is accounted for the largest
revenue market share in 2020 owing to its effective and contact-less way of
measuring surface area and volume of the wounds. This are majorly used for
pressure ulcers and diabetic foot ulcers. The software allows processing and analyse
the digital imaging and leaving the original copy untouched for visual
examination. Digital imaging takes very less time and the device allows to take
photograph to take anywhere. Once the image is captured the processing of the
photograph takes less than 5 minutes. It provides a 2D or 3D assessment of a
wound with an Electronic medical record that are the digital paper charts in
clinics and hospitals that contains information collected by clinicians for
clinicians in the clinics or hospitals. Contact wound measuring devices segment
is poised to grow with the fastest CAGR of 4.9% in the forecast period
2021-2026 owing its accurate way of measuring the wounds and able to monitor
their healing progression particularly in first 4 weeks. Also, it has a significant
impact on personalised treatment plans for patients.
Wound Measurement Devices Market Segment Analysis - By Geography:
Based on Geography,
North America Wounds Measurement Devices Market accounted for the 43%
revenue share in 2020. This is majorly attributed to the rising prevalence of
chronic wounds in this region. The U.S. government predicts that elderly population is around 55
million, and says that the chronic wounds continue to be the persistent problem
in this population. The impact of chronic wounds is worsening worldwide. For an
instance, according to wales report it is estimated that 6% prevalence of
chronic wounds with 5.5% cost to the National Health Services (NHS). Moreover,
technological advancements such as digital imaging and electric medical records
in this region is major factor attributed to the growth of Wounds Measurement Devices Market in
this region. Asia-Pacific market is poised to grow
with the fastest CAGR in the forecast period 2021-2026 owing its increase in geriatric
population, high prevalence of chronic wounds coupled with advancements in
healthcare infrastructure. According to Asian Diabetes Prevention Initiative,
around 60% of world’s diabetic population is in Asia. This offers a significant
growth opportunity to the wound measurement devices market in this region.
Wounds Measurement Devices Market: Market Share (%) by Region, 2020
Wounds Measurement Devices Market Drivers
Increasing Geriatric Population:
Increasing geriatric population is
the major factor driving the wound measurement devices markets growth. In the
year of 2020, the worldwide geriatric population that are aged 65 above are
727 million. This number is estimated to
double by 2050. There is an increase of 6% to 9% of aged population from the
year 1990 to 2019. Geriatric population are mostly prone to diabetes that
accounts for around 463 million region according to International Diabetes
Federation (IDF). Among that 88 million belong to Southeast Asia, and 77 million
of population are in India. Further, according to IDF, the prevalence of
diabetes is estimated to be 8.9%. Geriatric population are mostly prone to
chronic wounds like as pressure ulcers, foot ulcers, diabetic ulcers, venous
and arterial ulcers thus fueling the industry growth.
Wounds Measurement Devices Market Challenges
Complexity of Devices:
The complexity involved in these
devices hinder the wounds measurement device market growth. Owing to their inability
to provide proper information on wounds like as moistness or exudation impacts
the markets growth. Moreover, the high cost of digital imaging devices coupled
with poor reimbursement policies for the medical devices is another factor that
is estimated to hider the market growth.
Wounds
Measurement Devices Industry Outlook:
Product launches, mergers and acquisitions, joint ventures and
geographical expansions are key strategies adopted by players in the Wounds Measurement Devices Market. Wounds
Measurement Devices Market top 10 companies are ARANZ Medical Ltd,
Tissue analytics, EKare, Inc, WoundMatrix, Inc, WoundZoom, Inc., Kent Imaging,
Inc., WoundVision, LLC, WoundRight Technologies, LLC, Hitachi Healthcare
Americas and Smith & Nephew Plc.
Acquisitions/Product Launches:
- In July 2020, ARANZ Medical has released the Silhouette Version 4.9 that includes an improvised range of data analysis features, like a percentage reduction figure, determining effectiveness of wound healing
- In June 2020, Perceptive Solutions, Inc has launched WoundZoom Wound Centric EMR system and a 3D Wound-imaging software solution.
- In 2019, 3M has acquired Acelity Inc, in order to expand its presence in advanced surgical and wound care segment.
Related Reports:
Wound Care Market
Wound Care Treatment & Management
Wound Care Treatment & Management- HCR 1230
For more Lifesciences and Healthcare Market reports, please click here