The global wound assessment Market was estimated at USD 13.00 million in 2018, and is estimated to reach USD 16 million by 2023, growing at a CAGR of 4.2% from 2018 to 2023. Recent studies revealed that wound treatment cost may reduce by ~89% and recently launched wound intelligent devices. Also, enhance the wound healing process by nine times. Penetration of advanced wound management products will be significantly impacting emerging economies as intelligent digital devices helps to curb the wound treatment cost.
Wound assessment and digital wound monitoring devices to boost the advanced wound care market growth by reducing the cost of wound treatment. This market is completely untapped and novel, henceforth key players are entering in to this market. For instance, in 2017, Smith & Nephew (UK), a major player in the wound care segment signed a distribution agreement with MolecuLight Inc. (US). As per the agreement, Smith & Nephew will distribute MolecuLight, a fluorescence-guided wound imaging device, globally. In 2017, eKare Inc. (US), a provider of digital wound management platform, made a distribution partnership with Woundworks (Netherlands) and launched in Europe. According to the studies, these platforms and data-driven approaches, lowered direct costs to payers by ~30% and minimized wound related hospitalizations by ~45%.
Recent breakthrough, occurs in this field when, in August 2018, MolecuLight Inc.'s first-of-its-kind handheld fluorescence imaging device receives FDA De Novo clearance for US. To sum up, the emergence of digital and smart wound management devices will shrink the wound management expense and enhance the affordability of advance wound care products for potential emerging economies in the near future.
North America accounted for the largest market share followed by Europe. European region has the highest growth potential and like to grow at the higher growth rate during the forecast period, followed by North America.
Key companies operating in this market include ARANZ Medical Limited (New Zealand), Smith & Nephew (UK), eKare Inc. (US), MolecuLight (Canada), Hitachi Healthcare America (US), Kent Imaging (Canada), Tissue Analytics (US), WoundMatrix (US), WoundRight Technologies (US) and WoundVision (US),
This research report covers the global wound assessment market; end user; and geography.
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
5 Wound Assessment Market, By Type
5.2 Contact Digital Wound Measuring Devices
5.3 Non-Contact Digital Wound Measuring Devices
5.4 Softwares & Services
6 Wound Assessment Market, By Wound Type
6.2 Chronic Wounds
6.3 Acute Wounds
7 Wound Assessment Market, By End User
7.2 Inpatients Facilities
7.3 Outpatients Facilities
8 Wound Assessment Market, By Region
8.2 North America
8.3.4 Rest of Europe (RoE)
8.5 Rest of the World (RoW)
9 Wound Assessment Market, By End User
9.3 Ambulatory Surgical Centers
9.4 Other End Users
10 Competitive Landscape
10.2 Market Share Analysis
10.3 Competitive Situation and Trends
10.4 Agreements & Partnerships
10.7 New Product Launches
10.8 Other Developments
11 Company Profiles
11.2 Aranz Medical Limited
11.2.1 Business Overview
11.2.2 Company Snapshot
11.2.3 Products and Services
11.2.4 Recent Developments
11.2.5 MnM View
11.3 Smith & Nephew
11.6 Hitachi Healthcare America
11.7 Kent Imaging
11.8 Tissue Analytics
11.10 Woundright Technologies
Above Segmentation May Change During the Course of Planned Research Work.
Financials, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
Above List of Companies is Tentative. It May Change During the Planned Research Work. However, We Will Profile Only 10 Companies.