Digital Wound Care Management Market Size & Trends By 2030

Digital Wound Care Management Market Overview:
Digital Management of Wound Care The market is expected to develop at a compound annual growth rate (CAGR) of 6.30% over the forecast period of 2023-2030, from its projected USD 11,456.10 million valuation in 2021. Digital wound measurement instruments facilitate the tracking of wounds, including diabetic and chronic wounds, which require more time to heal and can result in serious infections and finally amputations if left untreated.

Digital wound measurement devices enable the imaging, measurement, and documentation of wounds by providing an assessment of an injury in 3D with the integration of EMR software. Inadequate wound care leads to various debilitating healthcare-associated infections and increases the financial burden of patients. subsequently enabling the administration of the proper medication dosages to expedite the healing process.

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Market Drivers:
Significant market-driving drivers include the increasing prevalence of chronic wounds, technological improvements, the number of operations, increased patient awareness, health care spending, and the expanding senior population. Chronic wounds are a serious worldwide problem that may impact up to 2% of people in affluent nations. This percentage is expected to rise as people age and illnesses like diabetes, which cause wounds to heal slowly, become more common. In the United States, 6.5 million people suffer from chronic wounds, according to the National Institutes of Health, and that figure is expected to rise. According to a 2017 publication titled "Chronic Wounds in Australia," the average annual direct health care cost for chronic wounds is estimated to be US$2.85 billion, or almost 2% of all Australian health care spending.

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Segmentation Analysis:
The diabetic ulcer, chronic wound, burn, incisional, and traumatic wound segments comprise the worldwide digital wound care management market. Given the growing number of elderly people and diabetic patients, the markets for chronic wounds and diabetic ulcers are quite profitable.

For example, the American Diabetes Association (2015) reported that 30.3 million Americans, or 9.4% of the population, had diabetes, and that 1.25 million American children and adults have type 1 diabetes. Intermountain Healthcare (2017) reported that 6.5 million Americans suffer from chronic wounds.

Diabetic foot ulcers are 6.3% common worldwide; in North America, they are 13% common, in Asia, 5.5% common, in Europe, 5.1% common, in Africa, 7.2% common, and in Oceania, 3% common.

The worldwide market for digital wound care management is divided into ambulatory surgery centers (ASCs), hospitals & clinics, and other end-user categories. Hospitals & Clinics accounted for a sizeable portion of the worldwide market in 2017.

The growth of this market can be attributed to partnerships with healthcare organizations, the availability of numerous high-tech gadgets, and the provision of superior healthcare services.

In the other area, home health care is growing quickly, particularly in developed nations, as a result of the aging population and the expanding health care infrastructure.

The segment will also be driven by an increase in the demand for improved and cutting-edge wound care treatment in-home care settings for geriatric patients.

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