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Wound Healing Assessment Market Segmented By Digital Wound Measurement Devices, Tissue Oximetry Assessment Devices, Software Product with Chronic Wound Healing Assessment, Acute Wound Healing Assessment Indication with Near-Infrared Spectroscopy, Fluorescence Imaging, Long-Wave Infrared Technology, Hyperspectral Imaging Technology
The global wound healing assessment market was valued at US$ 89.5 Mn in 2020, and is expected to reach US$ 153.8 Mn by 2031, expanding at a CAGR of 5.2% over the decade.
Wound Healing Assessment Market Size (2020)
US$ 89.5 Mn
Projected Market Value (2031)
US$ 153.8 Mn
Global Market Growth Rate (2021-2031)
Share of Top 5 Countries
In 2020, wound healing assessment products and services accounted for approximately 1% of the global advanced wound care market that was valued at around US$ 10.3 Bn.
Occurrence of chronic and surgical wounds has risen substantially in the past decade, especially with growing cases of diabetes, especially obesity-related diseases. Diabetes can cause problems in healing wounds such as ulcerations (leg or foot ulcers), infections, and surgical wounds, which need to be cured, and can also lead to high medical expenditure.
Worldwide, growing incidence of chronic wounds, including traumatic and surgical wounds, is likely to increase the number of patients going through wound care treatment. According to CDC, in the U.S., total incidence of surgical wounds was nearly 2.8% in 2018.
Thus, rising incidence of hard-to-heal wounds is driving demand for wound healing risk assessment products for their treatment, and consequently augmenting global wound healing assessment and monitoring market growth.
Sales of wound healing assessment supplies grew at a CAGR of 2.4% from 2016 to 2020. Rising prevalence of chronic & acute wounds and rise in demand for evidence-based advanced wound healing assessment products are expected to drive market expansion over the coming years.
Wound care is definitely critical to the overall healthcare industry, medical clinicians, and patients. The ability to assess a wound with pinpoint accuracy and document healing, infection, and other key wound care aspects are essential factors.
Technology advancement tethered with clinical experience has led innovators to develop wound care imaging technology. This technology is a game-changer for healthcare and HealthTech. Better diagnosis, greater success in healing for patients, less risk of infection, advanced wound care plans, etc., are all benefits of wound care image tech that has driven the focus on digital wound care assessment tools.
A number of noninvasive optical imaging modalities such as long-wave infrared technology, near-infrared spectroscopy, laser Doppler imaging, spatial frequency domain imaging, and fluorescence imaging have emerged over the years.
Considering these factors, Persistence Market Research expects the global wound healing assessment market to progress at a CAGR of 5.2% through 2031.
“High Cost of Wound Healing Tests & Devices”
Patient assessment must start with a thorough study of the patient’s history to determine medical comorbidities, contributing factors possibly leading to the chronic wound, prior trauma, prior history of wounds, current medications, and allergies. Several technologies are available in the market that can be subcategorized based on various quantitative modalities.
Wound assessment can include measuring the wound dimension over time using wound measurement devices, which correlates with the healing potential. Alternatively, several devices calculate the changes in light absorption by various skin structures, such as collagen, melanin, and inflammatory cells, during healing phases, but these assessment devices are not able to provide information on wound moistness or exudation, which restricts market growth.
Furthermore, high cost of chronic wound healing assessment devices may negatively affect their adoption, especially in cost-sensitive markets. Moreover, IT support and maintenance services, which include modifying and upgrading software as per changing user requirements and maintaining an efficient IT infrastructure, represent a recurring expenditure. This accounts for a large share of the total cost of ownership.
Wound healing assessment equipment is expensive and can only be opted by patients who can afford the treatment. Due to the high cost of these devices, not many healthcare facilities can afford them, and this is a major factor that can restrain market growth to some extent.
What Makes the U.S. the Largest Market for Wound Healing Assessment Devices?
“Rising Need for Chronic Wound Analysis”
In 2021, the U.S. dominated the North American wound healing assessment market with over 92% of the market share. Due to growing prevalence of chronic conditions combined with the presence of adequate reimbursement policies and technological advancements, the U.S is expected to reflect high market growth over the projection timeframe.
Furthermore, the U.S is dominating the market due to developed healthcare systems and increase in per capital healthcare expenditure on wound healing tests.
Which Country is Leading Growth of the Europe Wound Healing Analysis Market?
“U.K. Wound Healing Assessment Market Leading the European Region”
The U.K. dominates the European wound healing assessment and monitoring market and accounted for over 28% market share in 2021, owing to increased funding for research by government bodies on advanced wound care management tools.
Additionally, increase in healthcare expenditure in wound healing, rise in patient population suffering from wounds, and introduction of advanced wound healing assessment devices by key market players in the region would help the market grow even more as far as evaluation of wound healing is concerned.
Why is India Considered an Emerging Market for Wound Healing Assessment Equipment?
“Rising Awareness of Wound Analysis Systems”
India is an emerging market for wound healing assessment devices, and accounts for largest share for more than 30% in Asia Pacific
High share of the market is mainly due to growing awareness among the general population about wound care and surgical wound healing assessment systems, high prevalence of chronic wounds, and advancements in healthcare infrastructure.
Which is the Most Highly Preferred Device in the Market for Wound Healing Tests?
“Rising Popularity of Digital Wound Measurement Devices”
Digital wound measurement devices are network-compatible smart devices are able to calculate changes in the area of wounds over the course of healing. This makes these devices hold a high share in the global would healing assessment products market with a revenue share of around 49.1%. The segment is slated to expand at a CAGR of 4.7% through 2031.
Which Segment Accounts for Highest Market Share by Technology?
“Fluorescent Imaging Technology Gaining Immense Traction”
Fluorescent imaging technology is an accurate tool used to identify areas on the wound with pathological bacterial loads and aid in measuring wound areas in real time. This technology segment accounted for the largest share of around 44% in 2021.
The COVID-19 outbreak had a negative impact on surgical wound healing assessment demand due to wound care services not treated as essential procedures in many countries.
Additionally, healthcare facilities, including hospitals and clinics, temporarily shut down their wound care departments in order to combat the COVID-19 outbreak. Wound care facilities were only accepting emergency cases, and this led to a drop in the adoption of wound healing assessment solutions.
Adoption of wound healing assessment devices was also impacted due to disruptions in the supply chain as an effect of lockdowns globally. Several medical organizations and healthcare professionals were promoting the use of virtual wound healing assessment services and consultation for patients suffering from mild to moderate wounds.
Key players operating in the market are altering their long-term and short-term growth strategies by tapping the research market and developing innovative products. However, the impact of COVID-19 on wound healing assessment product sales was moderate compared to other medical device markets due to the implementation of app-based and web-based wound healing assessment solutions.
Overall, during the latter half of the forecast period, demand for wound healing assessment devices is expected to rise drastically with the increasing number of elective surgeries, rising skin injuries, and timely development & implementation of contingency plans across the world.
Companies manufacturing wound healing assessment products are pursuing new product innovation and launches, regulatory approvals, and expansions as key strategies. Key players are also focusing on the development of advanced and cost-effective wound healing assessment products to strengthen their market presence.
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The global wound healing assessment market was worth US$ 92.9 Mn in 2021, and is set to expand 1.7X over the next ten years.
Demand for wound healing assessment solutions is expected to reach US$ 153.8 Mn by the end of 2031.
Rising demand for technologically advanced imaging systems for deep tissue penetration, rising incidence of chronic diseases resulting in chronic, surgical, acute, and traumatic wounds, and increasing demand for near infrared-based assessment devices for wound healing assessment are driving market expansion.
North America currently holds 42.3% of the global market share in wound healing assessment.
Accurate measurement of wound dimensions to track healing progression, incorporation of AI in wound healing assessment systems, and increasing demand for telehealth in wound assessment are key opportunities in the market.
The Japan wound healing assessment market is expected to exhibit steady growth at 3.3% CAGR over the forecast period.
The U.S., U.K., Germany, India, and Italy are the top 5 countries driving most demand for wound healing assessment systems.
Leading companies producing wound healing assessment devices are Kent Imaging Inc., WoundVision, HyperMed Imaging, Inc., Perceptive Solutions, eKare Europe BV, Spectral MD USA, MolecuLight Inc., ARANZ Medical Limited, Tissue Analytics (A Net Health Company), WoundMatrix, Inc., digitalMedLab GmbH, and Smith & Nephew.