Global Medical Dynamometer Market Revenue To Record Robust Growth In Coming Years : Fact.MR

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.

Product

• Squeeze Dynamometer
• Pinch Gauge
• Hand Dynamometer
• Chest Dynamometer
• Push-pull Dynamometer
• Others

End-user

• Hospitals
• Rehabilitation Centers
• Physiotherapy Clinics
• Others

Material

• Electronic
• Mechanical

Application

• Orthopedic
• Cardiology
• Neurology
• Medical Trauma
• Others

Region

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

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Key Takeaways of Medical Dynamometers Market Study:

• Hand dynamometers shall capture two-fifths of the medical dynamometers market across the forecast period. A high success rate with respect to increased grip strength in patients with early rheumatoid arthritis and reduction on synovitis of the fingers and wrists is the primary growth driver of this segment.
• Electronic dynamometers are anticipated to surge in popularity, expanding at a CAGR of ~8% across the forecast period. Advancements on technology for addressing disabling disorders such as Duchene muscular dystrophy (DMD) or spinal muscular atrophy (SMA), increasing sports activities and increasing reliance on isometric electronic devices are expected to boost growth.
• By application, the orthopedic segment is poised to dominate the medical dynamometers market, capturing a market share of 29.8%. Growth of the orthopedic segment is attributed to an increase in the number of knee osteoarthritis, ACL and musculoskeletal surgeries.
• By end-user, hospitals and rehabilitation centers are expected to exhaustively utilize medical dynamometers. Increasing preference for minimally invasive surgeries and reduced in-house stay in healthcare settings is driving the increased usage of medical dynamometers across both segments.
• North America is poised to dominate the medical dynamometers market by region, accounting for nearly 2/5^th of the market. Rising number of orthopedic surgical procedures and increased adoption of robotics is driving growth in the region.
• Asia-Pacific is expected to expand the fastest, at an astounding CAGR of 8.5%, attributed to a rising proportion of elderly population and significant investments in developing a robust healthcare infrastructure.

Medical Dynamometers Market: Competition Landscape:

The medical dynamometers market is semi-consolidated with the presence of a few prominent market players, which include JTECH Medical Industries, Inc., Hausmann Industries, 3B Scientific Fabrication Enterprises Inc., KERN & SOHN GmbH and North Coast Medical Inc. Introduction of technologically enhanced specialty products and establishment of business ventures in emerging economies are principal growth strategies employed by the market players.

They also partnering with hospitals, rehabilitation centers and physiotherapists to provide after-purchase maintenance services. 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.