Digital Wound Measurement Devices Market to Boost up by Key Players: Tissue Analytics, ARANZ Medical Limited, eKare , WoundMatrix, WoundZoom and More

The Global Digital Wound Measurement Devices Market was valued at $11,131 thousand in 2016, and is estimated to reach $15,067 thousand by 2023, growing at a CAGR of 4.4% from 2017 to 2023.

The key companies operating in the market include Tissue Analytics, ARANZ Medical Limited, eKare, Inc, WoundMatrix, Inc., WoundZoom Inc., Kent Imaging Inc., WoundRight Technologies, LLC, WoundVision, LLC, Hitachi Healthcare Americas, and Smith & Nephew plc.

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Digital wound measurement devices are electronic instruments or network-compatible smart devices used in the measurement, imaging, and documentation of wounds. The major factors that drive the growth of the global digital wound measurement devices market include surge in geriatric population and high prevalence of population suffering from chronic conditions such as diabetes. Furthermore, the benefits of these devices, such as accurate measurement of wound dimensions to track healing progression, propel the market growth. However, certain limitations of these devices, for instance, inability to provide information about wound such as moistness or exudation, restrict the market growth.

High Incidence of Chronic Conditions

According to data released by Effective Health Care Program, the prevalence of diabetes mellitus has multiplied considerably. In the U.S., more than 23 million people have diabetes mellitus and globally it is expected to affect 300 million and 360 million individuals by 2025 and 2030, respectively. The same study suggested that annually about 1-4% of patients suffering from diabetes develop one foot ulcer. More than half of all foot ulcers become infected and 20% lead to lower extremity amputation (LEA). Besides, the prevalence rate of venous leg ulcers is also on the rise in the U.S., with approximately 600,000 individuals getting affected by it annually.

Growth of Geriatric Population

According to a report published by the U.S. Census Bureau, the U.S. population is projected to grow from 314 million in 2012 to 400 million in 2050, an increase of 27%.

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Moreover, between 2012 and 2050, U.S. is expected to witness considerable growth in its aging population. For instance, by 2050, the population aged 65 years and over is projected to reach 83.7 million, which is almost double its population of 43.1 million in 2012. Thus, with increase in geriatric population, the incidence of chronic conditions, such as diabetes, is projected to soar, which in turn is expected to impact the digital wound measurement devices market proportionally.

Key Benefits for Stakeholders

• The study provides an in-depth analysis of the global digital wound measurement devices market, with current trends and future estimations to elucidate the imminent investment pockets.
• Quantitative analysis from 2016 to 2023 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
• Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
• Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.

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