Wound Healing Assessment Market

Wound Healing Assessment Market Study by Digital Wound Measurement Devices, Tissue Oximetry Assessment Devices, and Software from 2024 to 2034

Analysis of Wound Healing Assessment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Wound Healing Assessment Market Outlook (2024 to 2034)

Growing incidence of surgical and chronic wounds, particularly related the rising number of diabetes patients and other disorders linked to obesity, is prompting the development of effective treatment options. The global wound healing assessment market size is estimated to be worth US$ 106.8 million in 2024 and reach US$ 176.8 million by the end of 2034, expanding at a CAGR of 5.2%.

Advancements in technology such as near-infrared spectroscopy, fluorescence imaging, long-wave infrared technology (LWIT), and hyperspectral imaging are contributing to the increasing demand for wound healing as they help in fast recovery.

  • In May 2023, RedDress, a wound management company, secured US$ 26 million in a Series D fundraising round to advance the development of its technology, which uses human blood to accelerate the healing process of wounds. With the participation of investors such as ATHOS Biopharma GmbH, the round raises the company's total investment to US$ 43 million.

Key Market Growth Drivers

  • Key wound healing assessment market trends such as patients' shifting preferences toward minimally invasive (MI) wound treatment and increasing use of data analytics for wound management optimization are benefitting healthcare providers.
  • Ongoing advancements in wound healing techniques such as digital wound monitoring and bioengineered tissues are offering more effective solutions than traditional ones.
  • Growing number of chronic wound patients is the primary reason behind the rising use of wound healing assessments.
  • Favorable reimbursement policies are also creating many opportunities for market players who are dealing with wound healing assessments.
  • Rising prevalence of trauma injuries caused by car accidents and burns due to negligence while using electric home appliances is also contributing to the demand for wound care products.
Report Attributes Details
Wound Healing Assessment Market Size (2024E) US$ 106.8 Million
Forecasted Market Value (2034F) US$ 176.8 Million
Global Market Growth Rate (2024 to 2034) 5.2% CAGR
North America Market Share (2024E) 43.8%
East Asia Market Value (2034F) US$ 9 Million
Sales of Digital Wound Measurement Devices (2034F) US$ 83.1 Million
Fluorescence Imaging Segment Value (2034F) US$ 72.6 Million
Hospitals Segment Value (2024E) US$ 44.3 Million
Key Companies Profiled
  • 3M Company
  • HyperMed Imaging, Inc.
  • WoundVision
  • URGO Medical
  • Kent Imaging Inc.
  • Medtronic
  • Derma Sciences Inc.
  • digitalMedLab GmbH
  • Ethicon (Johnson & Johnson)
  • Perceptive Solutions
  • Tissue Analytics (A Net Health Company)
  • Medline Industries
  • Baxter International
  • Coloplast Corp.
  • Spectral MD USA
  • eKare Europe BV
  • B.Braun Melsungen AG
  • MolecuLight Inc.
  • ConvaTec Group PLC
  • WoundMatrix, Inc.
  • Smith & Nephew
  • ARANZ Medical Limited

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Which Technological Advancements are Wound Healing Assessment Providers Leveraging?

“Rising Adoption of Noninvasive Optical Imaging Modalities Enhancing Wound Care Evaluation”

The wound healing assessment market size is expanding due to the increasing demand for impactful wound management solutions. The increasing prevalence of chronic wounds, the increasing aging population, and the rising number of road accidents are driving the demand for wound-healing products. Wound care imaging technology has been developed by inventors who have combined technological advances with clinical knowledge.

Benefits of wound care imaging technology, which increases the focus on digital wound care evaluation tools, include improved diagnosis, increased patient healing success, decreased risk of infection, and more. Long-wave infrared technology, near-infrared spectroscopy, laser Doppler imaging, spatial frequency domain imaging, and fluorescence imaging are just a few of the noninvasive optical imaging modalities that have been developed to assist in wound management.

What Issues are Limiting Market Growth?

“High Expenses Associated with Wound Healing Assessment Products and Technology”

Wound healing assessments can be expensive, specifically for injuries suffered by diabetes patients, which often require prolonged healing periods. This prolonged healing process contributes to increased treatment costs. The equipment used for wound healing assessment is costly, which further hinders their adoption.

With technological advancements in devices, maintenance costs also rise, adding to the overall expense of treatment. These devices need regular maintenance and IT support for software control, upgrades, and customization to meet patient or consumer needs. The high costs associated with these assessments make them inaccessible to many patients, posing a significant barrier to wound healing assessment market growth.

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Country-wise Insights

North America is predicted to account for 43.8% of the global wound healing assessment market share, which makes it a leading global player. The primary reason behind this is the increasing number of patients with diabetes and the rise in surgical procedures. All of these factors are boosting the demand for wound healing assessment in the region.

Which Conditions are Favorable for Market Growth in the United States?

“Government Focus on Enhancing Healthcare Facilities with Technological Advancements”

Attribute United States
Market Value (2024E) US$ 42 Million
Growth Rate (2024 to 2034) 5.9% CAGR
Projected Value (2034F) US$ 75 Million

The United States leads the North American market with 90.2% revenue share in 2024. The presence of the key market players, strong healthcare infrastructure, and well-built import-export facilities are boosting the revenue of wound healing assessment providers. The government’s focus on enhancing healthcare facilities is also driving market growth. The United States stands out among nations for its advanced technology, particularly in healthcare. Technological advancements attract patients from around the world seeking effective treatment to the country.

  • In January 2023, Convatec introduced ConvaFoam in the United States. ConvaFoam comprises a range of high-tech foam dressings tailored to meet the needs of both patients and healthcare professionals. This product launch expanded the company's product range, providing it with a significant competitive edge.

How is the Market for Wound Healing Assessment Progressing in China?

“Rising Prevalence of Burns and Diabetic Foot Ulcers Driving Demand for Effective Wound Care”

Attribute China
Market Value (2024E) US$ 2 Million
Growth Rate (2024 to 2034) 3.9% CAGR
Projected Value (2034F) US$ 3 Million

Increasing incidence of diabetes and increasing number of road accidents are driving up the demand for wound healing assessment products and technologies. In China, burns and diabetic foot ulcers are the leading causes of persistent cutaneous lesions. Diabetes-related foot ulcers are particularly prevalent and are associated with rising mortality and disability rates, making them a common reason for hospital admissions. With chronic illnesses significantly impacting wound healing, the country’s prospects for improved wound management are also increasing.

Category-wise Insights

Based on product, the market is segmented into digital wound measurement devices, tissue oximetry assessment devices, and software. Digital wound measurement devices are projected to occupy a significant market share.

Which Indication Holds a Leading Market Share?

“Chronic Wounds Lead Revenue Generation Due to Rising Prevalence among Aging Population”

Attribute Chronic Wounds
Segment Value (2024E) US$ 65.7 Million
Growth Rate (2024 to 2034) 5.4% CAGR
Projected Value (2034F) US$ 111.1 Million

By indication, the market is segmented into chronic wounds and acute wounds. The chronic wound segment holds a significant market share and is projected to expand at a moderate rate throughout the forecast period. The segment's growth is driven by an increasing prevalence of venous pressure ulcers, diabetic foot ulcers, and other chronic wounds among the aging population.

What is the Reason for Extensive Use of Wound Healing Assessment in Hospitals?

“Compatibility of Surgical Wound Care Assessment Devices with Hospital Settings”

Attribute Hospitals
Segment Value (2024E) US$ 44.3 Million
Growth Rate (2024 to 2034) 4.3% CAGR
Projected Value (2034F) US$ 67.4 Million

Widespread use of wound healing assessments in hospitals is driven by the global increase in surgical procedures resulting from sedentary lifestyles and a rise in bariatric operations, necessitating the utilization of wound healing products to mitigate surgical site infections. Surgical wound care dressings and negative pressure wound treatment (NPWT) are primarily suited for use in hospital settings, making home care impractical. Hospital facilities, known for their long-term contracts with suppliers, are significant purchasers of wound healing assessment equipment. All of these factors are contributing to the growth of the wound healing market.

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Competitive Landscape

Key players in the wound healing assessment market are fighting for the top position by continuously offering new products, technology, and various solutions. These companies include 3M Company, HyperMed Imaging, Inc., WoundVision, URGO Medical, Kent Imaging Inc., Medtronic, Derma Sciences Inc., digitalMedLab GmbH, Ethicon (Johnson & Johnson), Perceptive Solutions, Tissue Analytics (A Net Health Company), Medline Industries, and Baxter International.

  • In June 2023, a sensor patch called PETAL was created by researchers in Singapore. It consists of five colorimetric sensors and can determine a patient's wound healing condition in 15 minutes.
  • In 2022, Cardinal Health unveiled a surgical incise drape featuring industry-leading antiseptic Chlorhexidine Gluconate (CHG) and Avery Dennison's proprietary BeneHold CHG adhesive technology.
  • In June 2022, in the suburbs of Hull in the United Kingdom, Smith+Nephew began building its R&D and production facilities for its advanced wound treatment franchise.
  • In April 2021, Perceptive Solutions released the WoundZoom Mobile Digital Wound Management Application to enable clinicians to provide wound care evaluation services straight from their tablet or smartphone.

Segmentation of Wound Healing Assessment Market Research

  • By Product :

    • Digital Wound Measurement Devices
      • 2D Measurement Devices
      • 3D measurement Devices
    • Tissue Oximetry Assessment Devices
    • Software
      • Web-based Wound Healing Solutions
      • App-based Wound Healing Solutions
  • By Indication :

    • Chronic Wound Healing Assessment
      • Venous Leg Ulcers
      • Diabetic Foot Ulcers
      • Pressure Ulcers
    • Acute Wound Healing Assessment
      • Surgical Wounds
      • Traumatic Wounds
      • Burn cases
  • By Technology :

    • Near-Infrared Spectroscopy
    • Fluorescence Imaging
    • Long-Wave Infrared Technology (LWIT)
    • Hyperspectral Imaging
  • By End User :

    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Wound Care Clinics
    • Homecare
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What are the projections for the wound healing assessment market?

The global wound healing assessment market is forecasted to grow at 5.2% CAGR through 2034.

How big is the wound healing assessment market expected to be by 2034?

The market is estimated to reach a value of US$ 176.8 million by 2034.

Which region is the leading shareholder in the global market?

North America is estimated to account for 43.8% of global revenue in 2024.

At what rate is the market expanding in South Korea?

The market in South Korea is projected to increase at 4.1% CAGR between 2024 and 2034.

What are the key market statistics for Canada?

The market in Canada is expected to reach a valuation of US$ 6 million by 2034.

Who are the leading market players involved in wound healing assessment?

Top companies operating in the market include 3M Company, HyperMed Imaging, Inc., and WoundVision.

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