#Digital Wound Measurement Devices Market Analysis
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A) Market Overview:
Digital wound measurement devices are advanced medical devices used for accurate and efficient wound assessment and measurement. These devices utilize digital imaging and analysis technologies to provide precise measurements and documentation of wound characteristics, allowing healthcare professionals to monitor wound healing progress effectively. Digital wound measurement devices are increasingly being adopted in hospitals, clinics, and home care settings due to their user-friendly interface, non-invasive nature, and ability to provide real-time data.
B) Market Dynamics:
The market for digital wound measurement devices is driven by several factors. Firstly, the rising prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, is increasing the demand for advanced wound care solutions. Digital wound measurement devices help in accurate wound assessment, which is crucial for effective wound management.
The global Digital Wound Measurement Devices Market Sale is estimated to be valued at USD 401.0 million in 2020 and is expected to exhibit a CAGR of 4.6% over the forecast period 2021-2030, as highlighted in a new report published by Coherent Market Insights.
Secondly, the growing geriatric population worldwide is contributing to the market growth. Elderly individuals are more susceptible to chronic wounds due to age-related factors and comorbidities. This has led to an increased focus on wound management and the adoption of digital wound measurement devices.
C) Market Key Trends:
One key trend observed in the market is the integration of artificial intelligence (AI) and machine learning (ML) algorithms in digital wound measurement devices. These technologies enable automated wound analysis, classification, and prediction of healing outcomes. For example, AI algorithms can identify signs of infection or delayed healing in wounds, alerting healthcare professionals for timely intervention.
D) SWOT Analysis:
Strength:
- Accurate and efficient wound assessment
- Fast and non-invasive measurement techniques
Weakness:
- High cost of digital wound measurement devices
- Limited awareness and adoption in developing regions
Opportunity:
- Rising demand for telemedicine and remote patient monitoring solutions
- Integration with electronic health records (EHR)
Threats:
- Competition from traditional wound assessment methods
- Stringent regulatory requirements for medical devices
E) Key Takeaways:
The global digital wound measurement devices market is expected to witness high growth, exhibiting a CAGR of 4.6% over the forecast period. This growth can be attributed to the increasing demand for advanced wound care solutions and the ability of digital wound measurement devices to provide accurate wound assessment.
In terms of regional analysis, North America is expected to dominate the market due to the high prevalence of chronic wounds and the presence of advanced healthcare infrastructure. However, Asia Pacific is anticipated to be the fastest-growing region during the forecast period, owing to the rising geriatric population and increasing healthcare spending.
Key players operating in the global Digital Wound Measurement Devices market include Wound Zoom Inc., ARANZ Medical, Woundworks BV, and eKare Inc. These companies are focusing on technological advancements, strategic collaborations, and product launches to strengthen their market position and cater to the growing demand for digital wound measurement devices. They are also investing in research and development activities to innovate their product portfolios and gain a competitive edge in the market.
#Digital Wound Measurement Devices Market#Digital Wound Measurement Devices Market Sale#Digital Wound Measurement Devices Market Trends#Digital Wound Measurement Devices Market Demand#Digital Wound Measurement Devices Market Growth#Digital Wound Measurement Devices Market Analysis#Coherent Market Insights
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AI Camera Market Size, Share, Opportunities and Challenges
The global AI camera market in terms of revenue was estimated to be worth USD 7.6 billion in 2023 and is poised to reach USD 22.1 billion by 2028, growing at a CAGR of 23.9% from 2023 to 2028. The new research study consists of an industry trend analysis of the market.
AI cameras generate vast amounts of data. Companies are leveraging this data for actionable insights, which can be used to optimize operations, improve customer experiences, and drive business growth. These drivers collectively contribute to the development of the AI camera market, making it a dynamic and promising industry with a wide range of applications across multiple sectors.
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AI camera market dynamics Driver: Rising demand for surveillance solutions The increasing need for advanced surveillance and security systems in various sectors, including commercial, industrial, and residential, is driving the adoption of AI cameras. The industrial sector is increasingly adopting AI cameras to improve efficiency and safety. Industries like manufacturing and logistics leverage AI cameras for quality control, safety monitoring, and process optimization. These cameras can detect product defects on assembly lines or monitor worker safety compliance.
Restraint: Concern regarding data security Storing and processing the vast amounts of data generated by AI cameras poses significant data security restraints for businesses and individuals. AI cameras have advanced sensors and capabilities for facial recognition, object detection, and behavior analysis tasks. These cameras continuously capture and process video and image data, often in real-time, leading to substantial data volumes. Managing and securing such massive datasets can be a daunting task. Storing this voluminous data requires robust infrastructure, including secure servers, data centers, and cloud storage solutions. The choice of storage technology and its security measures is crucial to prevent data breaches.
Opportunity: Integration of AI cameras in healthcare The healthcare industry is witnessing a transformative shift towards digitalization and automation. AI cameras, equipped with advanced computer vision capabilities, are poised to play a pivotal role in this transformation by enhancing patient care, optimizing processes, and improving overall healthcare outcomes. AI cameras can provide high-definition video and audio for telemedicine consultations, improving the quality of remote healthcare interactions. AI cameras can capture high-resolution images of skin conditions and wounds, aiding dermatologists and wound care specialists in diagnosis and treatment planning.
Challenge: Lack of standardization Lack of standardization can lead to interoperability issues between AI cameras and other smart devices or software applications. For instance, an AI camera system may not communicate effectively with other IoT devices or surveillance software, limiting its ability to work collaboratively in a networked environment. Integrating AI camera systems into existing infrastructure or security systems can take time and effort without standardized interfaces and communication protocols.
Ai Camera Market Ecosystem The AI camera market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Sony Group Corporation from Japan, Panasonic Corporation from Japan, Hangzhou Hikvision Digital Technology Co., Ltd. from China, Samsung from South Korea, and Axis Communications AB from Sweden.
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The Rise of Telehealth: Remote Patient Monitoring Devices Market Analysis
Introduction to Remote Patient Monitoring Remote patient monitoring (RPM) utilizes digital technologies to collect medical and other forms of health data from individuals in one location and electronically transmit that information securely to health care providers in a different location for assessment and recommendations. RPM devices allow patients to stay in their home while their vital signs and other health indicators are monitored by clinicians.
Types of Remote Patient Monitoring Devices
Vital Sign Monitors One of the most common RPM devices are vital sign monitors that can track patients' heart rate, blood pressure, blood oxygen levels, body temperature and other indicators. These monitors may be wearables that sync wirelessly to a mobile app or home units that transmit data via cellular or wireless networks. Vital sign monitors help clinicians stay on top of patients' conditions without frequent in-person visits.
Glucose Monitors For patients with diabetes, remote glucose monitors play an important role in RPM. Continuous glucose monitors (CGMs) work much like vital sign monitors by measuring glucose levels via a sensor worn just under the skin. CGMs wirelessly transmit glucose readings automatically to a receiver or mobile app so clinicians and caregivers can monitor trends and intervene as needed.
Scales When managing certain conditions like congestive heart failure or kidney disease, daily weight fluctuations can provide important insights. Digital scales that automatically upload weight data remotely help clinicians detect early signs of worsening symptoms before they become emergencies. Bluetooth or Wi-Fi enabled scales offer effortless remote monitoring of weight trends over time.
Physiological Monitoring
Beyond vital signs and biometrics, RPM devices can also track a variety of physiological parameters. For example, EKG monitors attached to the chest transmit electrocardiograms to clinicians for detection of arrhythmias. Pulmonary function monitors measure lung capacity, airflow and other respiratory indicators useful for asthma and COPD management. Special sensors even allow for remote monitoring of wound healing progression for patients with chronic wounds or following surgery. The variety of physiological data that can now be collected and transmitted digitally empowers remote clinical oversight of an array of conditions.
Remote Patient Monitoring Benefits for Different Healthcare Stakeholders
Patients For patients, the greatest advantage of RPM is convenience. No longer do they need to take time off work or arrange transportation for routine doctor visits – vital assessments occur automatically from home. This removes barriers to consistent monitoring that often impact medication adherence and health outcomes. Patients also benefit from reduced anxiety knowing clinicians can intervene promptly if issues arise.
Caregivers Caregivers of patients managing chronic diseases also benefit from the peace of mind that comes with RPM. They no longer have to worry as much about unexpectedly detected changes or potential emergencies when the monitored individual is by themselves. Digital monitoring frees caregivers from constant in-person checking of things like blood pressure, blood sugar levels or weight changes.
Healthcare Providers For providers and healthcare organizations, RPM opens opportunities for more proactive, preventative care versus today's traditional reactive model. Remote monitoring allows clinicians to spot early signs of exacerbation or complication before they progress into emergencies. This prevents expensive emergency room visits and hospitalizations that strain budgets. It also enables clinicians to better manage larger patient panels and control visit frequencies based on how individual patients are trending remotely.
Payers Private and public health insurers are strong proponents of RPM given its potential to reduce costs. Fewer hospitalizations and unnecessary procedures translate directly to significant savings. Some payers are also experimenting with value-based reimbursement models that reward providers for keeping patients as healthy as possible in their homes and communities instead of facilities. The remote monitoring data gives payers confidence that clinical quality is being maintained outside of traditional care settings.
Challenges and Limitations of Remote Patient Monitoring
While Remote Patient Monitoring Devices shows great promise, some practical challenges remain:
Telehealth readiness varies greatly depending on access to stable home internet, computers/mobile devices, and digital literacy of the patient population served. Rural and lower-income communities can face disparities.
Interoperability between the myriad RPM devices and provider health IT systems is limited due to lack of data standards. This compromises the ability to aggregate all patient-generated data in one view for clinicians.
Reimbursement policies have not caught up to address billing and coding questions around remote services like device provisioning, data uploads and clinical interpretation of readings.
Clinical evidence demonstrating improved outcomes and cost savings from different RPM programs and disease states is still emerging. More long-term studies are needed.
Patient and clinical adoption takes time as comfort with digital health tools evolves. User-friendly engagement models are important for consistent patient participation.
Data security and privacy protections must advance to prevent breaches or misuse of sensitive health information collected outside traditional clinical settings.
These challenges are surmountable as the industry matures, but will require ongoing collaboration across stakeholders. Standard-setting, pilot programs, tech innovations and refinement of care models can help realize RPM's full benefits.
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"Powering the World Safely: Current Transformer Market Overview and Forecast"
The current transformer is a device designed to generate an alternating current in its secondary winding, proportionate to the primary current. Measuring high current levels in electrical systems is challenging, and current transformers address this issue by reducing high-voltage current to safe levels, facilitating the measurement of AC current using ammeters. The demand for newly designed current transformers has increased due to the rise of independent power producers (IPPs) and the need for accurate measurements, even at low current levels.
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Despite the positive trends, the COVID-19 pandemic has disrupted the market. Factory shutdowns, reduced workforce, financial crises, and supply chain disruptions have collectively impacted the growth of the current transformer market. Distribution utilities facing lower tariffs and restrictions on movements have further contributed to the challenges faced by the industry.
In a broader market analysis, the global current transformer market is expected to grow significantly, driven by increased installations, replacement of old transformers, and the demand for power worldwide. The rise in industrialization and commercialization, coupled with the introduction of smart grid systems, is a key driver. Digitalization in transformers to enhance efficiency and obtain accurate data is a notable trend, along with the introduction of auxiliary current transformers, enabling high ratio transformers to produce low current.
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The report highlights the dominance of the Asia-Pacific region in the current transformer market, driven by high electricity demand and grid projects in countries like India, China, and Indonesia. North America and Europe are also expected to show notable growth in the coming years.
Key benefits of the report include an analytical depiction of the global current transformer industry, insights into current trends and future estimations, and detailed analysis of market drivers, restraints, and opportunities. The report provides a quantitative analysis of the market growth scenario, along with a detailed market analysis based on competitive intensity. Key market players include Hammond Manufacturing Ltd., Reco Transformer, Siemens, Schneider Electric, Hitachi, General Electric, Nissin Electric, CG Power and Industrial Solutions Limited, Amran Inc, and Eaton.
The market is categorized by type (wound, toroidal, bar-type), application (metering, protection), core (solid core, split core), phase (single phase, three phase), voltage (high, medium, low), and end-user (utility, power distribution, commercial). Regional insights cover North America, Europe, Asia-Pacific, and LAMEA.
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By Type:
Wound Current Transformer
Toroidal Current Transformer
Bar-type Current Transformer
By Application:
Metering
Protection
By Core:
Solid Core
Split Core
By Phase:
Single Phase
Three Phase
By Voltage:
High
Medium
Low
By End User:
Utility
Power Distribution
Commercial
By Region:
North America (UNITED STATES, CANADA, MEXICO)
Europe (FRANCE, GERMANY, ITALY, SPAIN, UNITED KINGDOM, Rest of Europe)
Asia-Pacific (CHINA, JAPAN, INDIA, SOUTH KOREA, AUSTRALIA, Rest of Asia Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players:
Hammond Manufacturing Ltd.
Reco Transformer
Siemens
Schneider Electric
Hitachi
General Electric
Nissin Electric
CG Power And Industrial Solutions Limited
Amran Inc
Eaton
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Digital Wound Measurement Devices Market 2023 End-User Demand by Types, Regions, Top Players, Service Provides, Regional Outlook and Forecast to 2033
The global digital wound measurement devices market is predicted to register a CAGR of 3.8% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 2,266.6 million in 2023 to US$ 3,293.3 million by 2033 end.
The demand for digital wound measurement devices is being fueled by the prevalence of chronic diseases like diabetes, heart disease, obesity, etc. The rise in the geriatric population is also catalyzing market development. Inflating disposable incomes of the population, adoption of irregular sleeping and eating habits; and altering lifestyles are projected to boost market development over the forecast period. In addition to this, the usage of digital wound measurement devices is anticipated to help minimize overall healthcare expenditure, thus promoting market growth over the upcoming years.
Growing demand for accurate wound measurement via Electronic Medical Record (EMR) software is prompting the use of digital wound measurement devices. Increasing demand for better diagnostic purposes is pushing the application of digital wound measurement devices. Moreover, the market is being spurred by the increase in laboratories outfitted with the latest, more advanced medical facilities, and the surge in target population across the globe.
Top Highlights as Per FMI’s Analysis of the Digital Wound Measurement Devices Market:
The United States digital wound measurement devices industry is predicted to stay at the top in the forecast period as well. With US$ 1,026 million as the expected market estimation for the year 2033, the United States is anticipated to rule over all the countries. The market is projected to expand at 3%CAGR in the next 10 years.
Canada is assessed to follow the United States’ lead, by amassing US$ 444.7 million by 2033. The country is projected to register a 4% CAGR in the next decade.
In the Europe region, Germany’s contribution to the digital wound measurement devices industry is projected to be sizeable. Germany is anticipated to attain US$ 210.5 million by the end of 2033. The market is expected to display a 5% CAGR over the forecast period.
The United Kingdom is anticipated to expand at a significant pace of 6% CAGR in the forthcoming years. By 2033 end, the market is predicted to gain US$ 163.7 million.
In the Asia Pacific region, China market is prominent. The market is estimated to amass a total of US$ 130.9 million by 2033. The market is projected to exhibit a 2% CAGR over the forecast period.
For more information: https://www.futuremarketinsights.com/reports/digital-wound-measurement-devices-market
What’s Brewing among Top Players?
Key participants in the market are invigorating their presence by launching new products or releasing new versions outfitted with advanced functionality. Some other common expansion practices among key players include acquisition, mergers, research, development, etc. Given below are some latest market developments:
In March 2022, Perceptive Solutions, Inc., developer of WoundZoom Digital Wound Management, revealed the expanded functionality and advancements of their WoundZoom® Mobile solution, equipped with auto border wound detection technology.
In April 2021, Perceptive Solutions, Inc., announced the launch of the WoundZoom Mobile application. This new solution arms healthcare provider by offering them an efficient and intelligent way to manage wound care.
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Medical Disposables Market – The Biggest Trends to Watch out for 2023-2032
In the wide-ranging Medical Disposables Market report, company snapshots, geographical presence, product portfolio, and recent developments are taken into account for studying the company profiles. Quality and transparency have been strictly maintained while carrying out research studies to provide an exceptional market research report for a niche. It offers key measurements, the status of the manufacturers and is a major source of direction for businesses and organizations. Another major part of the MEDICAL DISPOSABLES MARKET report is the competitive landscape which gives a clear insight into the market share analysis and actions of key industry players.
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Global MEDICAL DISPOSABLES MARKET report contains comprehensive data on market definition, classifications, applications, engagements, market drivers, and market restraints all of which are derived from SWOT analysis. The sources of data and information mentioned in the report are very reliable and include websites, annual reports of the companies, journals, and mergers which are checked and validated by market experts. This market research report is a resource, which provides current as well as upcoming technical and financial details of the industry for the forecast period. The credible market report not only saves valuable time but also adds credibility to the work that has been done to grow the business.
Key Players
3M Company
Bayer AG
Abbott laboratories
Johnson & Johnson
Ansell Limited
Minnesota Mining
Boston Scientific Corporation
Kinetic Concepts
Medtronic plc
Derma Sciences Incorporated
Medline Industries Inc.
Cardinal Health, Inc.
Key Segments in Medical Disposables Industry Research
By Product :
Surgical Instruments & Supplies
Bandages & Wound Dressings
Infusion & Hypodermic Devices
Diagnostic & Laboratory Disposables
Respiratory Products
Incontinence Products
Nonwoven Medical Disposables
Dialysis Disposables
Others
By Raw Material :
Plastic Resins
Nonwoven Materials
Rubber
Paper and Paperboard
Metals
Glass
Others
By End User :
Hospitals
Home Healthcare
Outpatient/Primary Care Facilities
Others
By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Highlights
Sales of Outdoor Medical Disposables Market in 2020
Competitive Analysis of Outdoor Medical Disposables Market
Demand Analysis of Outdoor Medical Disposables Market
Key Trends of Supply Side Analysis of Outdoor Medical Disposables Market
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Survey of Outdoor Medical Disposables Market
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New Technology Development in Digital Wound Measurement Devices Market to Grow During Forecast Year 2017 to 2023
A New fresh research report presented by KD Market research provides a detailed analysis of “Digital Wound Measurement Devices Market” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The research provides a complete understanding of the “Digital Wound Measurement Devices Market “ in terms of revenue.
Digital wound measurement devices are aids, such as network-compatible smart devices, used in the measurement, imaging, and documentation of wounds. 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.
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The major factors that drive the global digital wound measurement devices market include increase in geriatric population and rapid rise in incidence of chronic conditions such as diabetes. Moreover, benefits offered by these devices, such as accurate measurement of wound dimensions to track healing progression, further increases their demand. However, limitations associated with these devices, for instance, these devices fail to provide information about wounds such as moistness or exudation, restrain the market growth. In addition, significant unmet wound care in emerging nations provides lucrative opportunities for the market progression.
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 divided into contact and non-contact wound measuring techniques. By wound type, the market is bifurcated into chronic wounds and acute wounds. Chronic wounds are further sun-segmented into pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. Acute wounds are segmented into burns & trauma and surgical wounds. On the basis of end user, the market is classified into hospitals and community centers. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
-This report provides an extensive analysis of the current and emerging trends and dynamics in the global digital wound measurement devices market to identify the prevailing opportunities.
-It presents a competitive landscape of the global market to predict the competitive environment across geographies.
-Comprehensive analysis of factors that drive and restrict the market growth is provided.
-Region- and country-wise analyses are provided to understand the market trends and dynamics.
KEY MARKET SEGMENTS
By Product
-Contact Wound Measuring Devices -Non-contact Wound Measuring Devices
By Wound Type
-Chronic Wounds -Pressure Ulcers (PU) -Diabetic Foot Ulcers (DFU) -Venous Leg Ulcers (VLU) -Arterial Ulcers -Acute Wounds -Burns & Trauma -Surgical Wounds
By End User
-Hospitals -Community Centers
By Region
-North America -U.S. -Canada -Mexico -Europe -Germany -France -UK -Italy -Spain -Rest of Europe -Asia-Pacific -Japan -China -India -Australia -Rest of Asia-Pacific -LAMEA -Brazil -Saudi Arabia -South Africa -Rest of LAMEA
The key players profiled in this report are as follows:
-Tissue Analytics -ARANZ Medical Limited -eKare, Inc. -WoundMatrix, Inc. -WoundZoom Inc. -Kent Imaging Inc. -WoundRight Technologies, LLC -WoundVision, LL -Hitachi Healthcare Americas -Smith & Nephew plc
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Table of Content
CHAPTER 1: INTRODUCTION
1.1. Report description 1.2. KEY BENEFITS FOR STAKEHOLDERS 1.3. KEY MARKET SEGMENTS 1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research 1.4.2. Primary research 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study 2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope 3.2. Key findings
3.2.1. Top winning strategies 3.2.2. Top investment pockets
3.3. Market share analysis, 2016 3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rapidly aging population and favorable demographics worldwide 3.4.1.2. Rise in incidence of diabetes, obesity, and chronic conditions 3.4.1.3. Benefits of digital wound measurement devices 3.4.1.4. Increase in awareness to reduce healthcare costs
3.4.2. Restraint
3.4.2.1. Limitations of digital wound measurement devices
3.4.3. Opportunities
3.4.3.1. Significant unmet need in wound care 3.4.3.2. Lucrative opportunities in emerging countries
3.4.4. Impact analyses
CHAPTER 4: DIGITAL WOUND MEASUREMENT DEVICES MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Contact digital wound measuring devices
4.2.1. Key market trends, growth factors, and opportunities 4.2.2. Market size and forecast, by region 4.2.3. Market analysis, by country
4.3. Non-Contact digital wound measuring devices
4.3.1. Key market trends, growth factors, and opportunities 4.3.2. Market size and forecast, by region 4.3.3. Market analysis, by country
CHAPTER 5: DIGITAL WOUND MEASUREMENT DEVICES MARKET, BY WOUND TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Chronic wound
5.2.1. Market size and forecast, by type
5.2.1.1. Pressure ulcers market size and forecast 5.2.1.2. Diabetic foot ulcers market size and forecast 5.2.1.3. Venous leg ulcers market size and forecast 5.2.1.4. Arterial ulcers market size and forecast
5.2.2. Market size and forecast, by region 5.2.3. Market analysis, by country
5.3. Acute wounds
5.3.1. Market size and forecast, by type
5.3.1.1. Burns & trauma market size and forecast 5.3.1.2. Surgical wounds market size and forecast
5.3.2. Market size and forecast, by region 5.3.3. Market analysis, by country
CHAPTER 6: DIGITAL WOUND MEASUREMENT DEVICES MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Hospitals
6.2.1. Market size and forecast, by region 6.2.2. Market analysis, by country
6.3. Community centers
6.3.1. Market size and forecast, by region 6.3.2. Market analysis, by country
CHAPTER 7: DIGITAL WOUND MEASUREMENT DEVICES, BY REGION
7.1. Overview
7.1.1. Market size and forecast
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities 7.2.2. North America market size and forecast, by country
7.2.2.1. U.S. digital wound measurement devices market size and forecast
7.2.2.1.1. U.S. digital wound measurement devices market size and forecast, by product 7.2.2.1.2. U.S. digital wound measurement devices market size and forecast, by wound type 7.2.2.1.3. U.S. digital wound measurement devices market size and forecast, by end user
7.2.2.2. Canada digital wound measurement devices market size and forecast
7.2.2.2.1. Canada digital wound measurement devices market size and forecast, by product 7.2.2.2.2. Canada digital wound measurement devices market size and forecast, by wound type 7.2.2.2.3. Canada digital wound measurement devices market size and forecast, by end user
7.2.2.3. Mexico digital wound measurement devices market size and forecast
7.2.2.3.1. Mexico digital wound measurement devices market size and forecast, by product 7.2.2.3.2. Mexico digital wound measurement devices market size and forecast, by wound type 7.2.2.3.3. Mexico digital wound measurement devices market size and forecast, by end user
7.2.3. North America market size and forecast, by product 7.2.4. North America market size and forecast, by wound type 7.2.5. North America market size and forecast, by end user
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities 7.3.2. Europe market size and forecast, by country
7.3.2.1. Germany digital wound measurement devices market size and forecast
7.3.2.1.1. Germany digital wound measurement devices market size and forecast, by product 7.3.2.1.2. Germany digital wound measurement devices market size and forecast, by wound type 7.3.2.1.3. Germany digital wound measurement devices market size and forecast, by end user
7.3.2.2. France digital wound measurement devices market size and forecast
7.3.2.2.1. France digital wound measurement devices market size and forecast, by product 7.3.2.2.2. France digital wound measurement devices market size and forecast, by wound type 7.3.2.2.3. France digital wound measurement devices market size and forecast, by end user
7.3.2.3. UK digital wound measurement devices market size and forecast
7.3.2.3.1. UK digital wound measurement devices market size and forecast, by product 7.3.2.3.2. UK digital wound measurement devices market size and forecast, by wound type 7.3.2.3.3. UK digital wound measurement devices market size and forecast, by end user
7.3.2.4. Italy digital wound measurement devices market size and forecast
7.3.2.4.1. Italy digital wound measurement devices market size and forecast, by product 7.3.2.4.2. Italy digital wound measurement devices market size and forecast, by wound type 7.3.2.4.3. Italy digital wound measurement devices market size and forecast, by end user
7.3.2.5. Spain digital wound measurement devices market size and forecast
7.3.2.5.1. Spain digital wound measurement devices market size and forecast, by product 7.3.2.5.2. Spain digital wound measurement devices market size and forecast, by wound type 7.3.2.5.3. Spain digital wound measurement devices market size and forecast, by end user
7.3.2.6. Rest of Europe digital wound measurement devices market size and forecast
7.3.2.6.1. Rest of Europe digital wound measurement devices market size and forecast, by product 7.3.2.6.2. Rest of Europe digital wound measurement devices market size and forecast, by wound type 7.3.2.6.3. Rest of Europe digital wound measurement devices market size and forecast, by end user
7.3.3. Europe market size and forecast, by product 7.3.4. Europe market size and forecast, by wound type 7.3.5. Europe market size and forecast, by end user
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities 7.4.2. Asia-Pacific market size and forecast, by country
7.4.2.1. Japan digital wound measurement devices market size and forecast
7.4.2.1.1. Japan digital wound measurement devices market size and forecast, by product 7.4.2.1.2. Japan digital wound measurement devices market size and forecast, by wound type 7.4.2.1.3. Japan digital wound measurement devices market size and forecast, by end user
7.4.2.2. China digital wound measurement devices market size and forecast
7.4.2.2.1. China digital wound measurement devices market size and forecast, by product 7.4.2.2.2. China digital wound measurement devices market size and forecast, by wound type 7.4.2.2.3. China digital wound measurement devices market size and forecast, by end user
7.4.2.3. India digital wound measurement devices market size and forecast
7.4.2.3.1. India digital wound measurement devices market size and forecast, by product 7.4.2.3.2. India digital wound measurement devices market size and forecast, by wound type 7.4.2.3.3. India digital wound measurement devices market size and forecast, by end user
7.4.2.4. Australia digital wound measurement devices market size and forecast
7.4.2.4.1. Australia digital wound measurement devices market size and forecast, by product 7.4.2.4.2. Australia digital wound measurement devices market size and forecast, by wound type 7.4.2.4.3. Australia digital wound measurement devices market size and forecast, by end user
7.4.2.5. Rest of Asia-Pacific digital wound measurement devices market size and forecast
7.4.2.5.1. Rest of Asia-Pacific digital wound measurement devices market size and forecast, by product 7.4.2.5.2. Rest of Asia-Pacific digital wound measurement devices market size and forecast, by wound type 7.4.2.5.3. Rest of Asia-Pacific digital wound measurement devices market size and forecast, by end user
7.4.3. Asia-Pacific market size and forecast, by product 7.4.4. Asia-Pacific market size and forecast, by wound type 7.4.5. Asia-Pacific market size and forecast, by end user
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities 7.5.2. LAMEA market size and forecast, by country
7.5.2.1. Brazil digital wound measurement devices market size and forecast
7.5.2.1.1. Brazil digital wound measurement devices market size and forecast, by product 7.5.2.1.2. Brazil digital wound measurement devices market size and forecast, by wound type 7.5.2.1.3. Brazil digital wound measurement devices market size and forecast, by end user
7.5.2.2. South Africa digital wound measurement devices market size and forecast
7.5.2.2.1. South Africa digital wound measurement devices market size and forecast, by product 7.5.2.2.2. South Africa digital wound measurement devices market size and forecast, by wound type 7.5.2.2.3. South Africa digital wound measurement devices market size and forecast, by end user
7.5.2.3. Saudi Arabia digital wound measurement devices market size and forecast
7.5.2.3.1. Saudi Arabia digital wound measurement devices market size and forecast, by product 7.5.2.3.2. Saudi Arabia digital wound measurement devices market size and forecast, by wound type 7.5.2.3.3. Saudi Arabia digital wound measurement devices market size and forecast, by end user
7.5.2.4. Rest of LAMEA digital wound measurement devices market size and forecast
7.5.2.4.1. Rest of LAMEA digital wound measurement devices market size and forecast, by product 7.5.2.4.2. Rest of LAMEA digital wound measurement devices market size and forecast, by wound type 7.5.2.4.3. Rest of LAMEA digital wound measurement devices market size and forecast, by end user
7.5.3. LAMEA market size and forecast, by product 7.5.4. LAMEA market size and forecast, by wound type 7.5.5. LAMEA market size and forecast, by end user
CHAPTER 8: COMPANY PROFILES
8.1. ARANZ Medical Limited
8.1.1. Company overview 8.1.2. Company snapshot 8.1.3. Product portfolio 8.1.4. Key strategic moves and developments
8.2. eKare Inc.
8.2.1. Company overview 8.2.2. Company snapshot 8.2.3. Product portfolio 8.2.4. Key strategic moves and developments
8.3. Hitachi Ltd. (Hitachi Healthcare America Corporation)
8.3.1. Company overview 8.3.2. Company snapshot 8.3.3. Operating business segments 8.3.4. Product portfolio 8.3.5. Business performance
8.4. Kent Imaging Inc.
8.4.1. Company overview 8.4.2. Company snapshot 8.4.3. Product portfolio 8.4.4. Key strategic moves and developments
8.5. Smith & Nephew Plc.
8.5.1. Company overview 8.5.2. Company snapshot 8.5.3. Operating business segments 8.5.4. Product portfolio 8.5.5. Business performance 8.5.6. Key strategic moves and developments
8.6. Tissue Analytics, Inc.
8.6.1. Company overview 8.6.2. Company snapshot 8.6.3. Operating business segments 8.6.4. Product portfolio 8.6.5. Key strategic moves and developments
8.7. WoundMatrix, Inc.
8.7.1. Company overview 8.7.2. Company snapshot 8.7.3. Product portfolio 8.7.4. Key strategic moves and developments
8.8. WoundRight Technologies, LLC
8.8.1. Company overview 8.8.2. Company snapshot 8.8.3. Product portfolio
8.9. WoundVision, LLC
8.9.1. Company overview 8.9.2. Company snapshot 8.9.3. Product portfolio
8.10. WoundZoom, Inc.
8.10.1. Company overview 8.10.2. Company snapshot 8.10.3. Product portfolio
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Global Digital Wound Measurement Devices Market Vendor Landscape With Swot Analysis 2020 To 2026
Global Digital Wound Measurement Devices Market Vendor Landscape With Swot Analysis 2020 To 2026
A fresh specialized intelligence report published by KandJ Market Research with the title “Global (Covid-19 Impact) Digital Wound Measurement Devices Sales Market (Sales,Revenue and competitors Analysis of Major Market) from 2014-2026” has the ability to help the decision-makers in the most important market in the world that has played a significantly important role in making a progressive impact…
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Digital Wound Measurement Devices Market is Expected to Display Positive Growth at a CAGR of 4.7% during 2015 – 2025
Future Market Insights (FMI) delivers key insights on the global digital wound measurement devices market in its upcoming outlook titled, “Digital Wound Measurement Devices Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025”. In terms of value, the global digital wound measurement devices market is projected to register a healthy CAGR of 4.7% during the forecast period due to various factors, about which, FMI’s report offers vital and detailed insights.
The market is segmented on the basis of wound type, end user and region. On the basis of wound type, the market has been segmented into diabetic ulcer, chronic wounds, burns, incisional wounds and traumatic wounds. The diabetic ulcer segment is estimated to account for 43.1% share of the global digital wound measurement devices market by end of 2015, and is expected to register a CAGR of 5.0% in terms of value during the forecast period (2015–2025). In terms of revenue, Asia Pacific excluding Japan (APEJ), North America and parts of Western Europe are estimated to be major contributors to the diabetic ulcer segment by the end of 2015. Increasing prevalence of chronic diseases and growing ageing population are projected to further fuel market growth during the forecast period. The burns segment is expected to exhibit a CAGR of 5.5% in terms of value during the forecast period.
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Growth of the global digital wound measurement devices market is primarily driven by increase in prevalence of chronic diseases, growth in geriatric population and product innovation. The trends which are driving the growth of this market are like, players in this market are continuously developing and introducing newer and advanced medical devices and products through technological innovation, to cater to steadily increasing shift from traditional wound measurement devices to newer and more advanced options. Other trends driving market growth include extensive research and development by key players in the market, manufacturers eyeing intravenous digital wound measurement devices market share and expansion of healthcare sector in Asia Pacific due to growing investments by major players. Moreover, players in the market are continuously developing and introducing new and advanced medical devices and products through technological innovation to cater to steadily increasing shift from traditional wound measurement devices to advanced options. This in turn, is expected to bolster digital wound measurement devices market growth during the forecast period.
This report assesses trends driving each segment and offers analysis and insights about the potential of digital wound measurement devices market in specific regions. North America is estimated to dominate the digital wound measurement devices market with 43.7% share by the end of 2015. Western Europe and APEJ are collectively expected to account for over 45.4% of the total digital wound measurement devices market share, in terms of value by end of 2015. The APEJ market is projected to witness the highest CAGR of 4.2% over the forecast period,followed by Eastern Europe. North America is expected to dominate the digital wound measurement devices market with 45.5% market share by end of 2025. Chronic wound type segment is expected to account for US$ 513.1 thousand by end of 2025.
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Key players in the global digital wound measurement devices market covered in the report, namely, ARANZ Medical and Wound Zoom Inc. focus on making substantial investments in research and development activities to enhance the digital wound measurement devices quality,minimiseside effects and maximize efficacy, in order to gain competitive advantage and create high entry barriers for new players attempting to enter the digital wound measurement devices market.
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North America Digital Wound Measurement Devices Market: Industry Research, Growth, Trends, Analysis & Developments by 2028
The latest North America Digital Wound Measurement Devices market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving North America Digital Wound Measurement Devices market.
The research report provides deep insights into the market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of North America Digital Wound Measurement Devices market during the forecast period, i.e., 2021–2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
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Some of the companies competing in the North America Battery Testing Equipmen Market are
Aranz Medical Limited
eKare, Inc.
Fuel 3D Technologies Limited
Hitachi Aloka Medical America, Inc.
Kent Imaging Inc.
MolecuLight Inc.
Perceptive Solution
Tissue Analytics
WoundMatrix, Inc.
WoundVision
The research provides answers to the following key questions:
What is the estimated growth rate of the market for the forecast period 2021–2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the North America Digital Wound Measurement Devices market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the North America Digital Wound Measurement Devices market?
What are the prominent market trends influencing the development of the North America Digital Wound Measurement Devices market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the North America Digital Wound Measurement Devices market?
What are the major opportunities the market leaders can rely on to gain success and profitability?
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Digital Wound Measurement Devices Market Challenges, Drivers, Outlook, Growth Opportunities - Analysis to 2027
Digital Wound Measurement Devices Market Overview:
The study covers the Digital Wound Measurement Devices market's most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Digital Wound Measurement Devices Market, such as gross margin, cost, market share, capacity utilisation, and supply. It also aids in determining the future potential of Digital Wound Measurement Devices Market in the next years. The report presents a market overview through common subjects that are highlighted with unique data based on the need. This overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Market Scope:
Key Market Trends & Challenges:
The study analyses the primary adoption trend impacting the Digital Wound Measurement Devices industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Digital Wound Measurement Devices market, this study provides a full analysis of these trends and obstacles.
Market Statistics:
The report provides the market size and share of the Digital Wound Measurement Devices market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Digital Wound Measurement Devices market.
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Key Players:
• WoundMatrix, Inc. • Hitachi Healthcare Americas • Moleculight, Inc • Smith & Nephew PLC • Derma Sciences Ltd • Medline Industries Inc. • WoundRight Technologies, LLC • Parable Health
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Digital Wound Measurement Devices market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Digital Wound Measurement Devices Market:
The report has identified detailed impact of COVID-19 on Digital Wound Measurement Devices market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Digital Wound Measurement Devices market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Digital Wound Measurement Devices Market Report are:
Which product segment grabbed the largest share in the Digital Wound Measurement Devices market?
How is the competitive scenario of the Digital Wound Measurement Devices market?
Which are the key factors aiding the Digital Wound Measurement Devices market growth?
Which region holds the maximum share in the Digital Wound Measurement Devices market?
What will be the CAGR of the Digital Wound Measurement Devices market during the forecast period?
Which application segment emerged as the leading segment in the Digital Wound Measurement Devices market?
Which are the prominent players in the Digital Wound Measurement Devices market?
What key trends are likely to emerge in the Digital Wound Measurement Devices market in the coming years?
What will be the Digital Wound Measurement Devices market size by 2027?
Which company held the largest share in the Digital Wound Measurement Devices market?
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Digital Wound Measurement Devices Market Outlook By Global Key Players, End Industries & Technology Development - Forecast to 2028
This research report will give you deep insights about the Digital Wound Measurement Devices Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of 150 pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.[JM1]
The digital wound measurement devices market is expected to grow from US$ 161.69 million in 2021 to US$ 223.31 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
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The key players profiled in this study includes
· eKare Inc.
· Kent Imaging Inc.
· WoundMatrix Inc.
· Perceptive Solutions
· WoundVision
· Aranz Medical Ltd.
· Tissue Analytics
· Fuel 3D Technologies Ltd.
· Hitachi Aloka Medical America Inc.
· MolecuLight Inc.
Product-Based Insights
Based on product type, the digital wound measurement devices market is bifurcated into non-contact digital wound measuring devices and contact digital wound measuring devices. In 2021, the non-contact digital wound measuring devices segment accounted for a larger market share due to technological advancements and the device’s effective & contact-less way of measuring the surface area & volume of the wounds.
Type of Wound-Based Insights
Based on type of wound, the digital wound measurement devices market is bifurcated into chronic wounds and acute wounds. Chronic wounds are further divided into pressure ulcers (PU), diabetic foot ulcers (DFU), venous leg ulcers (VLU), and arterial ulcers. Acute wounds are further bifurcated into burns & trauma and surgical wounds. The chronic wounds segment held a larger share of the market in 2021. This is attributed to rise in the incidence of chronic wounds such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers.
Device Type-Based Insights
Based on device type, the digital wound measurement devices market is bifurcated into 3D wound measurement devices and laser-assisted measurement devices. The laser-assisted wound measurement devices segment held a larger share of the market in 2021; it is anticipated to register a higher CAGR in the market during the forecast period.
Application-Based Insights
Based on application, the digital wound measurement devices market is segmented into wound care, limb preservation, and reconstructive surgery. The wound care segment is further segmented into blood perfusion, hyperbaric oxygen therapy, tissue viability, and others. The chronic wounds segment held the largest share of the digital wound measurement devices market in 2021. However, the wound care segment is anticipated to register the highest CAGR in the digital wound measurement devices market during the forecast period.
End User-Based Insights
Based on end user, the digital wound measurement devices market is bifurcated into hospitals & clinics and community centers. The hospitals & clinics segment held a larger share of the digital wound measurement devices market in 2021; it is anticipated to register a higher CAGR in the digital wound measurement devices market during the forecast period.
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Digital Wound Measurement Devices Market Size witness Highest Growing CAGR, New Developments, and Upcoming Technologies 2027
Market Highlights:
Digital wound measuring instruments are used for precise wound measurement and have electronic medical record (EMR) software integration for three-dimensional measurement of a wound. Changing habits, leading to a high prevalence of diabetic wounds and pressure ulcers, and a rise in the geriatric population are the key factors contributing to demand development. In addition, demand development is further boosted by the benefits of automated wound measuring techniques, which provide additional knowledge on the extent and volume of the wound. However, market development is likely to be impeded by the shortcomings of optical wound measuring instruments.
Moreover a major unmet demand for wound measuring equipment offers a lucrative prospect for business expansion. Digital Wound Measurement Devices Market Size are serious, and the healing process is very lengthy and can lead to amputations eventually. Factors such as growing diabetic patients, increasing geriatric population, and an increasing number of surgeries are also major factors that affect business development. The proliferation of smartphones, the rapid use of innovative digital technologies and the introduction of telehealth for wound care will also continue to expand the market. Technological advances have been critical as this century progresses. To explore innovative wound management strategies, healthcare professionals are accelerating their study. Several methods, including cell proliferation assays, cell cytotoxicity assays and cell viability assays to animal-based wound healing models, have been introduced to address wound healing issues.
Key Players:
Some of the key players for the global digital wound measurement devices market are WoundRight Technologies, Tissue Analytics, Parable Health, ARANZ Medical Limited, eKare, Inc., KCI, an Acelity Company, WoundMatrix, Inc., WoundZoom Inc., Kent Imaging Inc., WoundRight Technologies, LLC, WoundVision, LLC, Hitachi Healthcare Americas, and Smith & Nephew plc.
Segmentation:
The global digital wound measurement devices market is segmented on the basis of wound type, product, and end-user. The digital wound measurement devices market, by wound type is sub-segmented into diabetic ulcer, chronic wounds, burns, incisional, and traumatic. The product segment is sub-segmented into contact wound measuring devices and non-contact wound measuring devices.
On the basis of end-user, the market is segmented into hospitals, clinics, and ambulatory surgical centers
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Regional Analysis
The Americas dominated the global market for digital wound measurement devices market in 2017. This can be attributed to the increasing prevalence of chronic wounds, rising R&D activities in medical devices, and rapid adoption of technologically advanced medical devices within the region. According to the Intermountain Healthcare (2017), 6.5 million people in the Americas suffer from chronic wounds and the US spends approximately 25 billion annually on wound care.
Europe (UK, Germany, and France) is the second largest market owing to rapidly growing incidences of wounds. According to the Health Awareness report 2016, the National Health Service (NHS) treated approximately 2.2 million wounds annually and 730000 leg ulcers. Such a high prevalence of wounds in this region influences the market growth in this region.
Asia-Pacific is expected to witness the fastest growth for the global digital wound measurement devices market owing to large diabetic patient population, rapidly growing economies such as China and India, rising medical tourism in this region, rapid digitalization in this region, and increase in research and development activities. The American Diabetes Association projected that the Western Pacific region is expected to have 201.8 million diabetic population by 2035. Such conditions provide favorable backgrounds for the market to grow.
The Middle East and Africa accounts for the least share due to stringent government policies and poor economies.
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Medical Adhesives Market 2017: Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2027
Market Overview:
The Medical Adhesive is a gluey chemical substance used in the medical devices, equipment, and other components to serve the purpose of adhesion. The medical adhesive possess some important properties such as greater bonding and permeability to gas and moisture in order to heal the wound. The protuberant factors driving growth of the market include rising ageing population, increasing prevalence of diseases and growing healthcare needs. In addition to this, significantly rising healthcare spending by the emerging economies along with growing national level sentiments to provide quality, efficient and affordable healthcare services is projected to add into the growth factors of the market. The Global Medical Device Market, which is a major consumer of the Medical Adhesives, is growing considerable CAGR of 5% to reach three digit billion dollar figure by the end of this review period.
Market Segmentation:
The Global Medical Adhesive Market is segmented on the basis of resin type, technology, application, and region. On the basis of resin type, the market is divided into natural and synthetic. The natural Medical Adhesives includes collagen and fibrin, wherein collagen is gaining popularity among the bio-based medical adhesive manufactures due to its easy availability and efficient bonding nature. On the other hand, the synthetic Medical Adhesives consists of acrylic, epoxy, silicone, polyurethane, and cyanoacrylates.
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Based on Technology the market is segmented into water based, hot metal based, and solvent based. Among these technologies, water-based technology is growing at the highest CAGR on account of its distinct properties such as low VOC content, and lower cost as compared to other technologies. Moreover, the water based medical adhesives can withstand a wide temperature range to propel the demand for the product in the coming years.
On the Basis of Application, the Global Medical Adhesive Market is market is divided into dental, medical device & equipment, tissue bonding, wound closure, fixation tape, and others. The use of medical adhesive is holding substantial share of the market in dental applications for restorative and for dental appliance fabrication, which are by dental practitioners in small unit dose dispensers and, due to the widespread use of fluoride treatments for recent generations.
Regional Analysis:
Regionally, the Global Medical Adhesive Market is segmented into five key regions: Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Among these regions, Asia Pacific is growing at the highest CAGR, and holding more than 30% share of the global medical adhesive market. The growth of the market in this region is mainly driven by the steady rise in government spending on healthcare sector mingled with updating healthcare infrastructure. North America is the second most substantial medical adhesive market across the globe, wherein growth of the market is primarily favored by the increasing demand of portable medical devices and well-established manufacturer base, along with continuous innovation in medical sector. Europe is another important region in the global medical adhesive market after North America. This is attributed to the stringent regulatory measure undertaken by the government agencies such as Child Resistive Packaging (CRP), which mandates the drug manufactures to pack the products in resistive package. Other regions in the global medical adhesive market are the Middle East & Africa and Latin America. Among them, the market for medical adhesive in Latin America is estimated to grow at a considerable CAGR owing to pacifying economic and political scenario. The Middle East & Africa hold a least share of the global medical adhesive market, which is expected to witness a significant changes in coming years.
Competitive Analysis:
Key players operating in the Global Medical Adhesive Market are Ethicon US, LLC (U.S.), Covidien plc (Ireland), B. Braun Melsungen AG (Germany), Henkel AG & Co. KGaA (Germany), Gem srl (Italy), GluStitch (Canada), Cohera Medical, Inc. (The Netherlands), Chemence (U.K), Baxter (U.S.), and Adhezion Biomedical, LLC (U.S.), among others.
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Digital Wound Measurement Devices Market is expected to register growth at 4.5% value CAGR by 2030 end
Wound care measurement has been acquiring immense significance in recent years. Growing incidences of traumatic injuries due to accidents and prevalence of chronic diseases such as diabetes mellitus are primary growth stimulants. Healthcare industries worldwide are adopting technologically enhanced wound management systems to provide quality care solutions to patients. As a result, digital wound measurement devices market is gaining steady ground.
Biosensors are being extensively incorporated as they are highly effective in providing critical data regarding bacterial colonization, oxygen, glucose and pH levels at the wound site, enabling doctors to diagnose and treat wounds accordingly. Several universities and institutions are augmenting their research capabilities to conduct further studies on biosensor-enabled devices.
Digital Wound Measurement Devices Market- Key Takeaways
A CAGR of 4.5% is projected for the forecast period ranging from 2020-2030
Rising smartphone and IoT device ownership is deepening telehealth penetration, providing traction to the market
Diabetic ulcers to account for the lion’s share owing to increasing prevalence of diabetes mellitus
North America to lay suzerainty over the global market, capturing over 40% market share
New product launches and collaborations constitute primary market expansion strategies of prominent vendors
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COVID-19 Impact Analysis
The wound care market has been impacted by the coronavirus pandemic, and is anticipated to experience a moderate slowdown in growth through 2021, attributed to a decline in surgical procedures. However, the chronic wound patient pool will continue requiring treatment, ushering in a consistent revenue stream for chronic wound devices.
Practitioners are exploring opportunities to incorporate digital wound measurement devices to treat COVID-19 patients, primarily to provide relief from lung inflammation by checking and curtailing the secretion of interleukin-6, a pro-inflammatory cytokine.
Demand for homecare wound measurement devices has spiked, attributed to increase in home visit frequencies across countries for patients suffering from chronic conditions. All these factors are expected to have a considerable influence on the market’s growth trajectory in the short-term forecast period.
“Prominent vendors are looking to capture emerging markets across East & South Asia due to the presence of a large diabetic population base, opening up lucrative revenue generation opportunities during the forecast period,” says the FMI analyst.
Digital Wound Measurement Devices Market- Competitive Landscape
Prominent players within the digital wound measurement devices landscape include Perceptive Solutions Inc., ARANZ Medical, Smith & Nephew plc, WoundVision Inc., WoundMatrix Inc., KCI, Parable Health, Hitachi Healthcare Americas, 3M Company and WoundRight Technologies.
In 2017, WoundMatrix Inc., inked a decade long partnership with the Kent Community Health NHS Foundation Trust (KCHFT) to provide telemedicine and wound care programs aimed at improving healthcare services across the United Kingdom, including wound care and management.
In 2019, 3M successfully acquired Acelity Inc. with the objective of expanding its presence in the advanced and surgical wound care segment.
In June 2020, Perceptive Solutions, Inc. unveiled its new WoundZoom Wound Centric EMR System and 3D wound-imaging software solution. This software is an integrated wound management solution, comprising a wound-centric EMR system, 3D-imaging hardware and remote patient monitoring.
In July 2020, ARANZ Medical released the Silhouette version 4.9 which includes an improved range of data analysis features, such as a percentage area reduction figure, enabling clinicians to determine the effectiveness of wound healing.
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More Insights on the Digital Wound Management Devices Market
A recent market study published by FMI on the digital wound measurement devices market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report is segmented on the basis of wound type (diabetic ulcers, chronic wounds, burns, incisional and traumatic), end-user (hospitals & clinics) and region (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa).
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Significant Impact of COVID-19 on Prenatal Testing and Newborn Screening in Healthcare Industry
COVID-19 Impact on Prenatal Testing and Newborn Screening in Healthcare Industry
OVERVIEW AFTERMATH OF COVID-19 AND GOVERNMENT ROLE
A recent SARS-CoV-2, virus has caused a general pandemic of respiratory disease, called COVID-19. The infection initially showed up in Wuhan, a city in China, in December 2019. The patients experiencing COVID-19 are cautiously dealt with all the safety measures since this sickness spreads quicker through actual contact.
There are now numerous vaccines in use. The first mass vaccination program commenced in early December 2020 and as of 15 February 2021, 175.3 million vaccine doses have been administered.
World Health Organization (WHO) issued an Emergency Use Listing (EULs) for the Pfizer COVID-19 vaccine (BNT162b2) on 31 December 2020, issued another two EULs for two versions of the AstraZeneca/Oxford COVID-19 vaccine, manufactured by the Serum Institute of India and SKBio on 15 February 2021. On 12 March 2021, WHO issued a EUL for the COVID-19 vaccine Ad26.COV2.S, developed by Janssen (Johnson & Johnson)
As per the WHO report, globally, as of 2 June 2021, there have been 170,812,850 confirmed cases of COVID-19, including 3,557,586 deaths, reported to WHO. As of 2 June 2021, a total of 1,581,509,628 vaccine doses have been administered.
As per the WHO report, in the United States of America, from 3 January 2020 to 4:26pm CEST, 2 June 2021, there have been 32,942,677 confirmed cases of COVID-19 with 588,866 deaths, reported to WHO. As of 27 May 2021, a total of 294,270,594 vaccine doses have been administered.
Even though immunization is found for COVID-19, safeguards incorporate incessant hand-wash, wearing a face veil, and keeping up social separating.
Newborn screening is a public health service done in every U.S. state. A cluster of health disorders that remains inconspicuous at birth is tested for every newborn. Every newborn is tested for a group of health disorders that aren't otherwise found at birth.
With a simple blood test, doctors can check for rare genetic, hormone-related, and metabolic conditions that can cause serious health problems. Newborn screening lets doctors diagnose babies rapidly and commence treatment as soon as possible.
The goal of new born screening is the pre-symptomatic detection of infants with congenital conditions so that treatment may be commenced at the earliest to prevent, or improve, the long-term
In light of the fiery impacts of the infection, there are hypothetical dangers that the viral contamination could delay the prenatal testing and newborn screening as there have been limited visits to the hospitals and testing centers due to the lockdown imposed by the government in different countries.
IMPACT ON PRICE
Because of COVID-19, the market is upset to a major level. The few foundations need to stay shut while others to downsize the activities or put on pause extension plans as they attempted to endure the uncommon emergency.
The current COVID-19 episode has influenced every industry on earth, and prenatal testing & newborn screening market is no exemption. There has been a tremendous and sudden lessening in the volume of elective joint substitutions worldwide as wellbeing situation legitimately organize their COVID-19 reaction.
States must develop and implement policies that allow for interstate licensure and practice of medicine (entailing the use of telemedicine) to enable consultation and communication to remote areas and ensure the swift flow of information across state lines.
Now, as the demand for telehealth innovation is turning out to be very demanding by human being, and this will make the market more competitive due to new and more innovative equipment that will be launched by the makers, by decreasing the overall cost of the new and innovative prenatal testing & newborn screening systems and solutions.
IMPACT ON DEMAND
Since the pandemic, due to the lockdown situation, the economic growth of a country is declining day by day. And the manufacturing units for various items shut down due to the non-availability of manpower.
There will be opportunities in the coming time for manufacturers of digital health technologies to position themselves for the COVID-19 recovery. When COVID-19 responses ease, there will be an excess of elective surgeries procedures in emergency clinics. The pre-appointment programs can help smooth out the planning, arrangement, and conveyance of the medical professionals and the doctors.
For instance,
· CVS is a type of diagnostic test performed between 10.5 to 13.5 weeks of pregnancy. The procedure involves obtaining a small tissue sample from the placenta by inserting a thin needle through the woman’s abdomen or using a small catheter inserted through the cervix by a doctor. The method used depends on the location of the baby and the placenta.
· Another diagnostic test called amniocentesis is performed from 15 weeks of pregnancy onward. A thin needle is inserted through the woman’s abdomen into the amniotic sac to withdraw a small sample of fluid from around the developing baby in amniocentesis.
Cloud-based stages have an extraordinary preferred position in permitting the clinician and their representatives to design cases distantly while travel and medical clinic access limitations are set up. With the careful plans and embeds chose early, embed providers and emergency clinics have the chance to enhance their stock and creation (on account of patient-explicit custom parts) to address the accumulation of cases once the circumstance permits effectively.
IMPACT ON SUPPLY
Because of the pertinacious COVID-19 lockdown, sanctions have been forced by administrations of different nations. These limitations and boundaries across the nation’s borders prompted a diminishing stockpile because of restricted materials and labor force, and the halting of assembly line.
The supply chain units are taking stringent measures and risk mitigation protocols to provide the devices to the manufacturers to the customer. The presence of key market players for the development and launch of the prenatal testing and new born screening systems will increase the net sales and show a surplus growth in the market.
Additionally, the manufacturers are also taking crucial steps to ensure the availability of raw materials by and also they have to look into the quality of products. But since the demand is increasing day by day, to meet the demand, the major manufacturers and suppliers collaborate to ensure the supply of raw materials.
STRATEGIC DECISIONS OF GOVERNMENT AND MANUFACTURERS
The key players engaged in global wound healing manufacturing are making improvements to keep the speed during COVID-19. They are taking every single choice cautiously to expand on a consistent schedule for the market. The manufacturers are likewise giving a great deal of consideration in improving inventive items that can be utilized for the attractive impacts. Organizations working in the minimally invasive gastrointestinal surgical systems market embrace a few systems, including joint effort, arrangements, association, and market development, to improve their business. These essential choices by the organizations must give huge occasions to the market players working in the minimally invasive gastrointestinal surgical systems market.
For instance,
· December 2017, Eone-Diagnomics Genome Center (EDGC), a Korean genetic analysis company, announced its decision to apply machine learning-based artificial intelligence (AI) technology to its non-invasive prenatal test (NIPT) NICE 0. In 2019, AI specialist FDNA and PerkinElmer Genomics partnered to launch Face2Gene Labs for newborn testing. This decision enabled the company to flourish further in the market and helps in revenue generation
CONCLUSION
All three components (blood spot screening, hearing, and CCHD screening) of newborn screening are requisite for babies and should still occur during the COVID-19 pandemic. Babies with newborn screening conditions still need to undergo monitoring and treatment promptly for newborn screening conditions during the COVID-19 pandemic. State and territory newborn screening programs are still conducting the newborn screening. Babies should still receive newborn screening during the COVID-19 pandemic.
Local manufacturers are now adapting new and better characteristics to create enormous supply measures to address the issue in coming fates and also the government is also helping to defeat all the difficulties faced in these unprecedented times. It is estimated that the COVID-19 pandemic outbreak has a negative impact on the growth of the global minimally invasive gastrointestinal surgical systems market.
The growing prevalence of genetic diseases has necessitated a stable healthcare network and adequate emergency medical services (EMS). However, certain challenges in Research and Development and the loss of patent of the devices may hamper the market growth.
The sales of prenatal testing and newborn screening tests services and related goods by entities (organizations, sole traders and partnerships) that offers prenatal testing and newborn screening tests, which aids in determining various genetic and chromosomal diseases, to furnish timely medical or surgical treatment of a condition before or after birth.
Moreover, the wider adoption of these systems is expected to increase to meet the rising demand for prenatal testing and newborn screening across the globe and overcome the shortage of healthcare professionals to perform such testing and screening. In the wake of the pandemic, current industry players with a substantial market share that consumed cash-rich and good management teams would prosper. Making the correct actions would enable businesses to demonstrate preparation and offer end-users reliability
#Prenatal Testing and Newborn Screening Market#Prenatal Testing and Newborn Screening Market Size#Prenatal Testing and Newborn Screening Market Future Innovation
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