Press release
Global Artificial Intelligence (AI) In Wound Care Market Projected to Surpass $2.21 Billion by 2029 with 22.8% Annual Growth
Artificial Intelligence (AI) In Wound Care Market Size
The market size of artificial intelligence (AI) in wound care has seen a substantial increase lately. Its growth projection indicates an increase from $0.79 billion in 2024 to $0.97 billion in 2025, with a compound annual growth rate (CAGR) of 23.1%. The significant growth during the historical period is due to the rise in healthcare expenses, heightened usage of digital health alternatives, superior data gathering, and analysis, as well as improved clinical decision-making support.
In the upcoming years, it is anticipated that the market size of artificial intelligence (AI) in wound care will witness astonishing growth, reaching $2.21 billion by 2029, with a compound annual growth rate (CAGR) of 22.8%. The factors contributing to this surge in the projected period include a higher incidence of chronic wounds, increased spending on health care, a growing understanding of AI's benefits in the healthcare sector, early integration of AI in wound evaluation, and preliminary government backing for digital health programs. Significant shifts to look for in the forecast period encompass rising utilization of AI-enabled diagnostic tools, customized wound care strategies, investments in AI-influenced health care technologies, and amplified interest in AI for the treatment of chronic wounds.
What Is Contributing to the Growth of the Artificial Intelligence (AI) In Wound Care Market?
The growth of artificial intelligence (AI) in the wound care market is anticipated to be spurred by the increasing prevalence of diabetes. Characterized by elevated blood sugar levels, diabetes is a chronic disease that can lead to serious complications such as heart conditions, kidney failure, neuropathy, and loss of vision. Rising obesity rates, which heighten the risk of type 2 diabetes, and an aging population, which aligns with an increased likelihood of diabetes, significantly contribute to the growing prevalence of the disease. AI plays a crucial role in wound care for diabetic patients by offering precise wound evaluations and tailored treatment strategies, thus improving the efficacy and efficiency of care for diabetic ulcers. For example, data from the Centers for Disease Control and Prevention, a US governmental agency, in May 2024 showed that diabetes affected 38.4 million Americans, representing 11.6% of the population. The prevalence was notably higher in adults aged 65 and older, at 29.2%. Thus, the escalating prevalence of diabetes is fueling the expansion of the AI in the wound care market.
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Which Key Market Leaders Are Driving Artificial Intelligence (AI) In Wound Care Industry Growth?
Major companies operating in the artificial intelligence (AI) in wound care market are Medtronic plc, Stryker Corporation, Smith & Nephew plc, Convatec Group plc, Mölnlycke Health Care AB, Medela AG, Derma Sciences Inc., Implicity Inc., Cecelia Health, Swift Medical Inc., Spectral MD Inc., PolarityTE Inc., eKare Inc., KroniKare Pte Ltd., Perceptive Solutions Inc., Tissue Analytics Inc., WoundZoom Inc., Intellicure Inc., WoundMatrix Inc., WoundVision LLC, The Wound Pros LLC, MobileSmith Health
What Are the Emerging Trends in the Artificial Intelligence (AI) In Wound Care Industry?
Leading corporations in the artificial intelligence (AI) for wound care market are honing their focus on the creation of groundbreaking technological solutions like state-of-the-art digital wound care management applications. These applications aim to improve wound evaluation and maximize overall treatment results. Digital wound care management applications function as software tools utilizing technology for wound healing monitoring, assessment, and management. They offer individualized treatment advice and endorse remote patient supervision. For instance, in June 2022, NATROX Wound Care, a specialist wound care agency from the UK, introduced NATROX IQ. This is a cutting-edge digital platform operated by AI technology purposed to transform wound care management for clinical units. This inventive application based in cloud technology upgrades standardized documentation and authorizes real-time data access. This allows healthcare practitioners to deliberate more proficiently on patient wound care. An exceptional feature of NATROX IQ is its integration with AI. This offers precise calculations of wound dimensions, assuring precise evaluations and treatment strategies.
What Are the Main Segments in the Artificial Intelligence (AI) In Wound Care Market?
The artificial intelligence (AI) in wound care market covered in this report is segmented -
1) By Type Of Wound: Acute Wounds, Chronic Wounds
2) By Technology: Deep Learning, Machine Learning, Other Technologies
3) By End User: Clinical Trials And Research Centers, Home Health Agencies, Hospitals, Nursing Facilities, Other End Users
Subsegments:
1) By Acute Wounds: Surgical Wounds, Traumatic Wounds, Burns
2) By Chronic Wounds: Diabetic Foot Ulcers, Pressure Ulcers (Bedsores), Venous Leg Ulcers, Arterial Ulcers
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Which Geographic Area Leads the Artificial Intelligence (AI) In Wound Care Market?
North America was the largest region in the artificial intelligence (AI) in wound care market in 2024. The regions covered in the artificial intelligence (AI) in wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Artificial Intelligence (AI) In Wound Care Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence (AI) In Wound Care Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence (AI) In Wound Care Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence (AI) In Wound Care Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence (AI) In Wound Care Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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