Global Medical Dynamometers Market Size, Share, and COVID-19 Impact Analysis, By Product (Chest Dynamometer, Hand Dynamometer, Push Pull Dynamometer, Squeeze Dynamometer), By Application (Orthopedic, Neurology, Cardiology, Medical Trauma), By End-User (Hospitals, Physiotherapy Clinics, Rehabilitation Centers), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030
Industry: HealthcareGlobal Medical Dynamometers Market Insights Forecasts to 2030
- The Medical Dynamometers Market Size was valued at USD 5.10 Billion in 2021.
- The Market is Growing at a CAGR of 6.96% from 2021 to 2030
- The Worldwide Medical Dynamometers Market is expected to reach USD 9.8 Billion by 2030
- Asia Pacific is expected To Grow the fastest during the forecast period
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The global Medical Dynamometers Market is expected to reach USD 9.8 Billion by 2030, at a CAGR of 6.96% during the forecast period 2021 to 2030.
Medical Dynamometers are the medical instruments calculate the strength of the muscle groups along with nerves and bones. The strength of different muscle groups, joints and nerves present in the body is measured by medical dynamometers. Some dynamometers can fulfil various needs of an individual such as fatigue, injury care, and pain. The devices helps in examining hand dysfunction and trauma for determining patient response for therapy and treatment. Apart from this, it also helps in detecting certain issues line bone, nerve, and bone damages. Various types of dynamometers are wrist dynamometers, hand dynamometers, inclinometers, and pinch gauges. This device is widely used in the field of sports and medicine.
Global Medical Dynamometers Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2021 |
Market Size in 2021: | USD 5.10 Billion |
Forecast Period: | 2021-2030 |
Forecast Period CAGR 2021-2030 : | 6.96% |
2030 Value Projection: | USD 9.8 Billion |
Historical Data for: | 2017-2020 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 100 |
Segments covered: | By Product, By Application, By End-User, By Region, COVID-19 Impact Analysis |
Companies covered:: | LW Instruments, Marsden Weighing Group, Charter Electronic, KERN & SOHN, Fabrication Enterprises, JTECH Medical Industries, Hausmann Industries, Biodex Medical Systems Inc., North Coast Medical Inc., 3B Scientific |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Key Market Drivers
Increasing cases of Orthopaedic surgeries, rising ergonomic health approaches, an increasing number of arthritic patients, a rise in the demand for diagnostic devices and lots of research and development activities are driving the Global medical dynamometer market. As per the report published by the National Inpatient Same in the year 2014, in the U.S. there were total 370770 number of hip replacement and 680150 total knee replacement. On the other hand, the American Academy of Orthopedic Surgeons predicted that primary total hip replacement is estimated to increase by 171% and the primary total knee replacement is anticipated to increase by 189%.
In addition, increasing number of bone injuries is driving global medical dynamometer market growth. A report published by International Osteoporosis Foundation (IOF) 2017 states that osetoprosis has resulted more than 8.9 million bone fractures around the world every year with an osteoprotic fracture in every 3 seconds. It further stated that the global cases of hip fracture in men is anticipated to increase by 310% and 240% in women by the year 2050. Moreover, increasing number of sports injuries is also driving the market. For instance, according to the Center for Disease Control and Prevention states that around 2 million high school athletes suffered from bone injuries, 30,000 hospitalizations, and 50,000 doctor visits in the U.S. every year.
Furthermore, researchers and manufactures have started to develop advanced systems for rehabilitations of post stroke patients left with upper extremity hemiparesis. For instance, in July 2016, Biodex Medical Systems, Inc. which is a innovative medical devices provider has made an announcement about the availability of upper extremity of hemiparetic attachments for its joint system computerized robotic dynamometer.
Key Challenges
High cost related to the medical dynamometer is hampering the overall growth of the global medical dynamometer market.
Market Segmentation
Product Insights
Hand dynamometer accounted the largest market share over the forecast period.
On the basis of product, the global medical dynamometer market is segmented into chest dynamometer, hand dynamometer, squeeze dynamometer, push pull dynamometer, and others. Among these, the hand dynamometer is dominating the market with the largest market share over the forecast period owing reliability, ease to use feature, and versatility of the device.
Application Insights
Orthopedic division is dominating the market with the significant CAGR.
On the basis of application, the global medical dynamometer market is segmented into Orthopedic, Neurology, Cardiology, Medical Trauma, and Others. Among these, the orthopedic division is anticipated to hold the highest market share and is going to continue its dominance over the forecast period owing to the increase in the number of join related injuries.
End Use Insights
Hospital segment accounted the largest market share over the forecast period.
On the basis of end user, the global medical dynamometer market is segmented into Hospitals, Physiotherapy Clinics, Rehabilitation Centers, and Others. Among these, the hospital segment holds the largest market share over the forecast period. The main reason behind the growth of the segment is attributed to the availability of the advanced diagnostic instruments with the huge number of specialist physicians which is driving the overall growth of the market.
Regional Analysis
North America is dominating the market with the largest market share over the forecast period.
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North America is anticipated to dominate the market with the largest market share owing to increasing number of chronic disorders like osteoporosis, arthritis, and increasing geriatric population. According to the CDC report, by the 2040, it is anticipated that about 78 million people of US who are aged 18 years or more than 18 years of age would suffer from arthritis which will upsurge the demand of medical dynamometer over the forecast period.
Europe, on the other hand is the second largest growing region owing to the implementation of the favourable government policies related to the healthcare infrastructure as well as awareness programs for people who are suffering from arthritis.
Asia Pacific is witnessing the fastest market growth and is continue to grow at a rapid pace over the forecast period. The main reason behind the growth of the region is attributed to the rising population, changing lifestyle habits, increasing cases of accidents and surging per capita expenses. Apart from this, the rising distribution channel and economic growth in developing economies like China and India propelling the growth of the region.
Recent Market Developments
- In January 2019, ActivBody has launched Activforce which is a digital dynamometer portal that helps in increasing clinician’s access to get accurate date.
List of Key Companies
- LW Instruments
- Marsden Weighing Group
- Charter Electronic
- KERN & SOHN
- Fabrication Enterprises
- JTECH Medical Industries
- Hausmann Industries
- Biodex Medical Systems Inc.
- North Coast Medical Inc.
- 3B Scientific
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Medical Dynamometers Market based on the below-mentioned segments:
Medical Dynamometers Market, Product Analysis
- Chest dynamometer
- Hand dynamometer
- Squeeze dynamometer
- Push pull dynamometer
- Others
Medical Dynamometers Market, Application Analysis
- Orthopedic
- Neurology
- Cardiology
- Medical Trauma
- Others
Medical Dynamometers Market, End User Analysis
- Hospitals
- Physiotherapy Clinics
- Rehabilitation Centers
- Others
Medical Dynamometers Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
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1. What is the market size of Medical Dynamometers Market?The global Medical Dynamometers Market is expected to grow from USD 5.10 Billion in 2021 to USD 9.8 Billion by 2030, at a CAGR of 6.96% during the forecast period 2022-2030.
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2. Who are the key market players of Medical Dynamometers Market?Some of the key market players of Medical Dynamometers Market are LW Instruments, Marsden Weighing Group, Charter Electronic, KERN & SOHN, Fabrication Enterprises, JTECH Medical Industries, Hausmann Industries, Biodex Medical Systems Inc., North Coast Medical Inc., 3B Scientific.
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3. Which segment hold the largest market share?Hospital segment hold the largest market share is going to continue its dominance.
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4. Which region is dominating the Medical Dynamometers Market?North America is dominating the Medical Dynamometers Market with the highest market share.
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1. What is the market size of Medical Dynamometers Market?The global Medical Dynamometers Market is expected to grow from USD 5.10 Billion in 2021 to USD 9.8 Billion by 2030, at a CAGR of 6.96% during the forecast period 2022-2030.
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2. Who are the key market players of Medical Dynamometers Market?Some of the key market players of Medical Dynamometers Market are LW Instruments, Marsden Weighing Group, Charter Electronic, KERN & SOHN, Fabrication Enterprises, JTECH Medical Industries, Hausmann Industries, Biodex Medical Systems Inc., North Coast Medical Inc., 3B Scientific.
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3. Which segment hold the largest market share?Hospital segment hold the largest market share is going to continue its dominance.
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4. Which region is dominating the Medical Dynamometers Market?North America is dominating the Medical Dynamometers Market with the highest market share.
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