Medical Dynamometers Market Insights:
The medical dynamometers market shows positive growth prospects, expanding at a CAGR of 7.7% across the forecast period (2020-2026). Rising prevalence of bone injuries is a significant growth driver for the market. Medical dynamometer devices are an alternative to physiotherapy treatment for people suffering from joint, muscle and tendon disorders.
Their efficiency in the recovery process makes medical dynamometers a preferred choice of treatment amongst patients. Additionally, increased prevalence of sports injuries is expected to drive the growth of the medical dynamometers market across the forecast period.
Medical Dynamometers Market Opportunities:
Developing economies 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. This has encouraged important multinational medical companies to establish their R&D centers in these regions.
Positive support from the government for setting up basic infrastructure and tax benefits are important factors attracting market players in these regions. Moreover, availability of inexpensive labor allows manufacturers to increase their output.
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Medical Dynamometers Market: Technological Insights:
Dynamometers are widely used to measure muscle strength in the treatment of various kinds of sports injuries. Increasing clinical efficacy of dynamometers in correcting hamstring injuries, anterior cruciate ligament (ACL) injury, knee osteoarthritis, lateral ankle sprains and patellofemoral dysfunction is anticipated to improve rehabilitation experience in the near future.
Patients with hand trauma and sports injuries undergo routine screenings of hand and grip strength. In such cases, digital hand-held dynamometers are used.
A number of market players are engaged in providing enhanced medical dynamometer devices. For instance, BTE Technologies, Inc., offers complex rehabilitation systems across 35 countries.
Its prominent product is the Primus RS dynamometer used for measuring muscle strength. Likewise, Vernier Software & Technology LLC has replaced its wired dynamometers with wireless ones which can be connected to a smartphone via Bluetooth.
Medical Device Dynamometers Market: Application Insights:
The orthopedic segment is projected to dominate the medical dynamometers market across the forecast period, capturing nearly 30% of the overall market. The medical trauma segment is the second largest segment, capturing over a quarter of the medical dynamometers market.
Increase in the number of musculoskeletal, knee osteoarthritis and ACL surgeries is anticipated to drive the orthopedic segment’s growth. The medical trauma segment is largely driven by an increase in the number of spinal surgeries due to rise in prevalence of scoliosis, fractures, tumors, etc.
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Medical Dynamometers Market: Regional Insights:
North America shall remain the vanguard of the medical dynamometers market, expanding at a CAGR of 6.8% and capturing a market share of nearly two-fifth. This is followed by the Asia-Pacific, expected to grow at a CAGR of 8.5% and accounting for a market share of over one-fifth.
Growth in North America is driven by an increase in surgical procedures for carpal tunnel release, repair of femoral neck fracture and trochanteric fracture, wrist bone fracture repair and a host of other procedures.
Moreover, incorporation of robotics in dynamometry is expected to fuel the growth of the North America market. Increasing geriatric population, rising disposable incomes and burgeoning investment in healthcare infrastructure is fueling growth in the Asia-Pacific region.
Medical Dynamometers Market 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.
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COVID-19’s Impact on the Market:
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.
Strict nationwide lockdowns have led to disruptions in the logistical arrangements, preventing the transportation of medical dynamometers to key end-users.
In addition, patients have postponed elective surgical procedures to a later date. This is done to accommodate the needs of COVID-19 patients. Therefore, in the short run, growth is anticipated to remain latent.
However, many countries have eased restrictions, allowing several factories to restart their operations. This is anticipated to uplift the medical dynamometer market to a significant extent.
Production cycles are being restored, enabling manufacturers to fill in the demand-supply gaps. In the long run, the market shall rebound to full capacity, embarking on an impressive growth trajectory.
“The medical dynamometers market is anticipated to experience significant shortfalls amidst the COVID-19 pandemic. However, growth is expected to rebound as countries are lifting curbs on several industries. Moreover, North America and Asia-Pacific are poised to offer lucrative growth opportunities.”
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Medical Dynamometers Market: Report Scope:
The recent study on the medical dynamometers market incorporates a 6-year forecast period, ranging from 2020 to 2026. The report explicates on vital dynamics, such as the drivers, opportunities and restraints associated with the medical dynamometers market. A detailed analysis in terms of revenue, market share and growth trajectory has been provided in the report, based on the following segments: product, end-user, material and application.
A detailed regional landscape, incorporating the abovementioned segmental analyses, has been mapped based on the following geographies: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The final section of the report includes a section on the competitive landscape of the medical dynamometers market.
This section provides detailed information regarding key market players’ revenue & market shares, product portfolios, collaborations or acquisitions and future outlook. The future outlook is based on individual players’ SWOT analysis, which provides a realistic projection for future expansion.
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.
- Squeeze Dynamometer
- Pinch Gauge
- Hand Dynamometer
- Chest Dynamometer
- Push-pull Dynamometer
- Rehabilitation Centers
- Physiotherapy Clinics
- Medical Trauma
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Medical Dynamometers Market
The recent study by Fact.MR on the medical dynamometers market offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that are currently determining the growth of the medical dynamometers market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the production of medical dynamometers. The study also provides dynamics responsible for influencing the future status of the medical dynamometer market over the forecast period.
A detailed assessment of the medical dynamometers market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the medical dynamometers market along with their product portfolio enhances the reliability of this comprehensive research study.
Medical Dynamometers Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in the medical dynamometers markets across the globe.
A comprehensive estimate of the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales in the medical dynamometers market during the forecast period. Price point comparison by region with global average price is also considered in the study.
Medical Dynamometers Market: Analysis on Market Size Evaluation
The medical dynamometers market has been analyzed for each market segment, in terms of value (US$ Mn).
Market estimates at global and regional levels for medical dynamometers is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent medical dynamometers market segments, along with market attractiveness evaluation, has been incorporated in the report.
Medical Dynamometers Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the medical dynamometers report, which have helped deliver projections on regional markets.
These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of the medical dynamometers market during the forecast period.
Country-specific valuation on demand for medical dynamometers has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
Medical Dynamometers Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading medical device contract manufacturers along with their detailed profiles. Essential and up-to-date data information related to market performers, who are principally engaged in producing medical dynamometers, has been brought out with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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