The medical dynamometers market 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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Market Frontrunners
- JTECH Medical Industries
- Hausmann Industries
- 3B Scientific Fabrication Enterprises Inc.
- KERN & SOHN GmbH
- North Coast Medical Inc.
Key Statistics Supporting the Surge
- North America medical dynamometer market is projected to expand at a CAGR of 6.8% and generate a share of nearly 2/5th 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 1/5th 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.
Key Manufacturers’ Strategies
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.
For instance,
- JTech Medical Industries’ 100% shares were acquired by ADDvise Group AB and a Letter of Intent with regards to this was signed in December 2021.
- In February 2020, ActivBody introduced ActivForce, its new digital dynamometer platform, which can be paired with the Activ5 force measurement device. It enables clinicians to gain real-time data during manual muscle testing.
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.
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 :
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Medical Dynamometer Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Medical Dynamometer Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Medical Dynamometer Market
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