Technology developers aim to tap the growth opportunities all along the wound care value chain, finds Frost & Sullivan’s Transformational Health team

SANTA CLARA, Calif. – June 29, 2017 – The cost and disease burden caused by inconsistent and inadequate wound care places modern wound assessment and monitoring systems under the spotlight. Eschewing imprecise wound management tools and methods, such as a basic ruler or measuring tape, to track wounds, hospitals are gradually adopting digital therapies for measurement, imaging and documentation. These novel devices offer 3D assessment of a wound through integration with electronic medical record (EMR) software to deliver clinical and economic benefits to healthcare providers as well as patients.

“There are significant innovation opportunities in digital wound management across the entire wound care and management continuum, right from prevention and diagnosis/detection, to treatment and data-driven care co-ordination,” said Frost & Sullivan Transformational Health Industry Analyst Harpreet Singh Buttar. “High-quality medical education and digital tools/guidelines for effective decision making will give a huge boost to the wound assessment and monitoring market.”

Global Digital Tools in Wound Assessment and Management, is part of Frost & Sullivan’s Advanced Medical Technologies Growth Partnership Subscription. It offers detailed descriptions of:

  • Modern digital tools and devices used for wound assessment and monitoring;
  • The current challenges, unmet needs and advances in wound management; and
  • Competitive structure of innovative companies in the areas of wound care data, heath information, early detection, wound care planning, monitoring and management.

The research covers the regions of Africa, the Americas, Europe, the Middle East, Southeast Asia and the Western Pacific region (Oceania, China, Japan, Korea, and parts of ASEAN).

To know more about Frost & Sullivan’s research and to sign up for our Growth Strategy Dialogue, a complimentary one-hour interactive session with Frost & Sullivan’s thought leaders, please click here.

Disruptive technologies like telehealthsmart phones, and digital wound care and management tools are altering daily workflows by reducing hospital re-admissions. There is already a noticeable shift from prevention and treatment-based solutions to diagnosis and care co-ordination-based innovations. Acknowledging the potential of the market, participants are seeking convergence opportunities in education and practice to enhance their clinical and health-related outcomes.

“Partnerships between wound assessment solution manufacturers and hospitals/clinics are critical for the effective implementation of digital wound care and management tools and aids,” noted Buttar. “As there are numerous unmet needs, the wound care market is highly attractive for investors and manufacturers alike. Including key elements within wound care services will stimulate collaborations among different healthcare professionals, while a shared service list can increase the available treatment options for patients as well as expand the patient pool.”

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Global Digital Tools in Wound Assessment and Management

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About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

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