Medical Dynamometers Market to Grow at a Positive CAGR of 7.7% by 2026

The market for medical dynamometers is expected to develop at a CAGR of 7.7% from 2020 to 2026, indicating promising potential opportunities. Growing instances of bone injuries are a significant market development driver. Patients with joint, muscle, and tendon diseases have an alternative to physiotherapy in the form of medical dynamometer devices.

Patients frequently choose medical dynamometers as their preferred form of treatment because to its effectiveness in the healing process. The market for medical dynamometers is also anticipated to develop over the course of the projected period due to the rising occurrence of sports injuries.

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Key Takeaways:

• North America medical dynamometer market is projected to expand at a CAGR of 6.8% and generate a share of nearly 2/5^th in the forthcoming years.

• Asia Pacific medical dynamometer market is set to exhibit steady growth at a CAGR of 8.5% and account for more than 1/5^th of sales through 2026.

• Based on application, the orthopedic category is anticipated to dominate the global medical dynamometer market and account for over 30% of share in the assessment period.

• Medical trauma is likely to be the second-largest segment by application, accounting for approximately 25.5% of market share by the end of 2026.

• By product, the hand dynamometer segment is anticipated to remain at the forefront owing to the rising number of patients with sports injuries and hand traumas.

Competitive Landscape:

The medical dynamometers market is characterized by high competitive rivalry, with the presence of a few market players. Prominent market players in the market include: JTECH Medical Industries, Inc., Hausmann Industries, 3B Scientific Fabrication Enterprises Inc., KERN & SOHN GmbH and North Coast Medical Inc. to name a few.

These players largely enter into contracts with end-users and provide them long-term warranty and post-purchase services to consolidate their foothold. Moreover, they concentrate on launching new products which incorporate the latest technological advancements.

For instance, JTECH Medical Industries, Inc., lays strong emphasis on hand therapy devices and markets products such as the Dualer IQ Pro Digital Dual Inclinometry device, the Commander Echo Console and Grip and IsoTrack Pro devices. 3B Scientific, another market player, has expanded its services in emerging countries. At present, the company has presence in over 100 countries worldwide.

Growth Drivers:

• Rising prevalence of tumors, fractures, and scoliosis, as well as increasing number of spinal procedures is likely to drive demand during the assessment period.

• Efficacy of medical dynamometers as a feasible alternative to physiotherapy treatment is anticipated to drive their demand during the forthcoming years.

• Proven benefits of using medical dynamometers in treating anterior cruciate ligament (ACL) injury and lateral ankle sprains is likely to boost the market.

Restraints:

• Isokinetic dynamometers can deliver valuable isometric and dynamic data, yet require an involved setup and are very expensive, which may hamper their sales.

• Hand-held muscle dynamometry is easy to use, but the examiner should be able to exert enough force for a break test, which is often difficult while testing large muscles.

Medical Dynamometers: Market Segmentation

Fact.MR has studied the medical dynamometers market with detailed segmentation on the basis of product, end-user, material, application and region.

·         By Product :

• Squeeze Dynamometer

• Pinch Gauge

• Hand Dynamometer

• Chest Dynamometer

• Push-pull Dynamometer

• Others

·         By End-user :

• Hospitals

• Rehabilitation Centers

• Physiotherapy Clinics

• Others

·         By Material :

• Electronic

• Mechanical

·         By Application :

• Orthopedic
• Cardiology
• Neurology
• Medical Trauma
• Others

·         By Region :

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

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Questionnaire answered in the Market outlook Report of Medical Dynamometers include:

• What is the key strategy deployed by large players to maximize Medical Dynamometers growth?
• What are the main challenges faced by players in the Medical Dynamometers Demand?
• With the advent of technological advancement, how will the Medical Dynamometers landscape change over the forecast period?
• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Medical Dynamometers size?