What is Digital Wound Measurement Devices Market?
Digital Wound Measurement Devices were developed to measure wounds accurately and precisely and to make the wound assessment process easier and more streamlined. As wound measurement is important in monitoring the healing process of chronic wounds and in evaluating the effect of treatment, these devices are widely used in hospitals for Chronic wounds & burns. As per an estimation, in 2020, ~16.9% of the United States population will be of 65 years and older and chronic wounds affect ~6.5 million patients. The benefits offered by digital wound measurement devices such as accurate measurement of wound dimensions to track healing progression will drive the market growth throughout the forecast period.
The market study is being classified by Type (Contact Type and Non-Contact Type), by Application (Hospitals , Clinics and Others) and major geographies with country level break-up.
Smith & Nephew (United Kingdom), Hitachi Ltd (Japan), ARANZ Medical Limited (New Zealand), Aspen Surgical Products, Inc. (United States), Medline Industries, Inc. (United States), Kent Imaging Inc. (Canada), Rubitection Inc. (United States), Kadmon Holdings, Inc. (United States), Tissue Analytics, Inc. (United States), MolecuLight, Inc. (Canada) and Entec Health Limited (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are WoundVision (United States), eKare, Inc. (United States), Wound Zoom Inc (United States), WoundMatrix, Inc. (United States), Puritan Medical Products (United States) and Integra LifeSciences (United States).
The global digital wound measurement devices market is highly competitive and diversified due to the presence of a large number of regional and international providers across the globe. These providers are progressively focusing on the production of products that have a higher quality to meet the customer’s expectations such as high performance, reliability, and timely delivery. Furthermore, new players find it difficult to enter the market as the production needs advanced design and is highly capital-intensive. Research Analyst at AMA predicts that United States and European Players will contribute to the maximum growth of Global Digital Wound Measurement Devices market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Digital Wound Measurement Devices market by Type, Application and Region.
On the basis of geography, the market of Digital Wound Measurement Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapidly Increasing Diabetic Wounds Cases As Well As Pressure Ulcers
- Growing Geriatric Population
Market Trend
- Technological Advancements Due To Rising Prevalence Of Chronic Diseases
Restraints
- High Cost Of Digital Wound Measurement Devices
Opportunities
- Increasing Healthcare Expenditures In Emerging Countries
- Favorable Initiatives By The Government For The Healthcare Sector
Challenges
- Lack Of Awareness About Wounds
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Wound Measurement Devices Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
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