The Fact.MR market study on the medical dynamometer market provides deep dive into key developments in the medical dynamometer market.
Electronic Dynamometers are Expected to Gain Significant Traction in the Medical Dynamometers Industry
The Fact.MR market study on the medical dynamometer market provides deep dive into key developments in the medical dynamometer market. The report offers a comprehensive analysis of leading segments in terms of by product, by end user, by application, by material, and region.
Fact.MR – A Market research and competitive intelligence provider: The global medical dynamometers market expanded market size at a CAGR of 7.7% during the forecast period 2020-2026. Increasing prevalence of bone injuries is a significant growth driver for the market. Medical dynamometer devices are an alternative to physiotherapy treatment for people who are suffering from joint, muscle, and tendon disorders.
Developing economies in the country offer significant opportunities for the presence of key medical dynamometers market players, attributed to a large geriatric population pool, increase in the number of knee-replacement procedures, accidents, and favorable government policies for business expansion.
Patients with hand trauma and sports injuries have their hand and grip strength evaluated on a regular basis. Digital hand-held dynamometers are utilized in these situations.
A number of market participants are working to improve medical dynamometer devices. BTE Technologies, Inc., for example, provides complicated rehabilitation solutions in 35 countries.
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The COVID-19 pandemic has generated major disruptions in the demand-supply equation of several industries. These disruptions have also affected the medical dynamometers market as leading manufacturers have been facing shortages of essential raw materials due to containment measures to prevent the spread of the virus during the pandemic.
Also, patients have postponed elective surgical procedures to a later date. This is done to accommodate the needs of COVID-19 patients in the pandemic. Therefore, in the short run, growth is anticipated to remain latent.
However, many countries have eased restrictions, allowing several factories to restart their operations.
Key Takeaways:
- North America expanded its market size at a CAGR of 6.8% and captured a market share of nearly two-fifths that shall remain the vanguard of the medical dynamometers market
- Asia-Pacific, expected to grow the market size at a CAGR of 8.5% and accounting for a market share of over one-fifth.
- By application, the orthopedic segment is projected to capture nearly 30% of the overall market in the medical dynamometers market across the forecast period.
- By product type, hand dynamometers are expected to capture two-fifths of the medical dynamometers market.
- Electronic dynamometers are expected to gain significant traction with growing at a CAGR of nearly 8%.
- By end-users, medical dynamometers are predicted to be used extensively by hospitals and rehabilitation facilities. Medical dynamometers are being used more frequently in both categories due to a growing preference for minimally invasive surgeries.
Growth Drivers:
- Rising incidences of bone injuries with large geriatric population pool, increase in the number of knee-replacement procedures, accidents and favorable government policies is expected to drive the growth of the medical dynamometers market.
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Competitive Landscape:
The competitive landscape of the Medical Dynamometer Market focuses on providing enhanced medical dynamometer devices.
- 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.
- They also partner 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.
Key Companies Profiled by Fact.MR
- Vernier Software & Technology LLC
- JTECH Medical Industries, Inc.,
- 3B Scientific Fabrication Enterprises Inc
- Hausmann Industries
- KERN & SOHN GmbH
- North Coast Medical Inc.
More valuable insights on the Medical Dynamometer Market:
Fact.MR, in its report, offers a market analysis of the global Medical Dynamometer Market the forecast period through 2020 and beyond. This survey reveals the growth of sports in the Medical Dynamometer Market with detailed segmentation as follows:
Product
- Squeeze Dynamometer
- Pinch Gauge
- Hand Dynamometer
- Chest Dynamometer
- Push-pull Dynamometer
- Others
End-user
- Hospitals
- Rehabilitation Centers
- Others
Material
- Electronic
- Mechanical
Application
- Orthopedic
- Cardiology
- Neurology
- Medical Trauma
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Questions covered in the Medical Dynamometer Market Report
- The report offers insight into medical dynamometers demand outlook for 2020-2026
- The market study also highlights projected sales growth for medical dynamometers market between 2020 and 2026
- Medical dynamometers market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Medical dynamometers market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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