“Increase in prevalence of chronic wounds, such as diabetic ulcers and arterial ulcers, majorly drives the market growth. Moreover, the ability of the digital wound measurement devices to provide accurate measurements of the wound further boosts the market growth.”
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. 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%.
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.
The global digital wound measurement devices market is segmented on the basis of product, wound type, end user, and region. Based on product, it is bifurcated into contact wound and non-contact wound measuring techniques. By wound type, the market is divided into chronic wounds and acute wounds. Chronic wounds are further divided into pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. Acute wounds are classified into burns & trauma, and surgical wounds. On the basis of end user, the market is categorized into hospitals and community centers. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.