Medical Dynamometer Market - Snapshot

The global medical dynamometer market is driven by increase in the number of surgeries and rise in prevalence of bone injuries. The global market was valued at US$ 522.3 Mn in 2017 and is projected to reach US$ 984.6 Mn by 2026 at a CAGR of 7.4% from 2018 to 2026 owing to increase in the geriatric population.

Medical dynamometers are devices that measure the strength of different muscle groups along with bones and neurons. These also provide resistance that matches a patient's requirement such as treatment for weakness, pain, or fatigue at specific points. These devices are utilized for clinical decision making and outcome evaluation of pathologies such as tendon injury of the hand, carpal tunnel syndrome, neuromuscular disorder, and nerve injury. These provide an accurate and objective data which is required for reimbursable rehabilitation services.

High prevalence of orthopedic surgeries, arthritic patients, rise in ergonomic health approaches, increase in research and development initiatives, and surge in demand for diagnostic devices fuel the growth of the global medical dynamometer market.

The global medical dynamometer market has been segmented based on product, operation, application, end-user, and region. In terms of product, the market has been classified into squeeze dynamometer, pinch gauge, hand dynamometer, chest dynamometer, push-pull dynamometer, and others. The hand dynamometer segment accounted for major share of the global market in terms of revenue in 2017. The segment is projected to expand at a high CAGR during the forecast period. The segment is anticipated to gain significant market share by 2026.

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Based on operation, the global medical dynamometer market has been bifurcated into electronic and mechanical. The electronic segment is expected to expand at a higher CAGR from 2018 to 2026. Availability of new and innovative devices in the market and increase in preference for digital electronic devices are likely to drive the segment during the forecast period.

In terms of application, the global medical dynamometer market has been categorized into orthopedic, neurology, cardiology, medical trauma, and others. The orthopedic segment is projected to expand at a high CAGR from 2018 to 2026 owing to rise in incidence of rupture tendons such as Achilles tendon rupture globally. Increase in sports injuries is also anticipated to propel the orthopedic segment during the forecast period.

In terms of end-user, the global medical dynamometer market has been divided into hospitals, rehabilitation centers, physiotherapy clinics, and others. The hospitals segment accounted for a leading share of the market in 2017. Adoption of new generation dynamometers such as System 4 Pro is likely to augment the segment.

In terms of region, the global medical dynamometer market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the global market in 2017. It is projected to lose market share by 2026. The region’s dominance is attributed to increase in sports activity and rise in number of accidents. Early-phase diagnosis of arthritis and treatment of tendon surgeries or therapy drive the medical biotechnology market, which in turn is expected to propel the medical dynamometer market in North America.

Europe has favorable government policies regarding health care infrastructure and awareness programs for arthritis population. The market in Asia Pacific is expected to grow at a rapid pace due to rise in population, change in lifestyle, increase in number of accidents, and surge in per capita expenditure. Additionally, economic growth and rise in distribution channels support health care infrastructure improvement in developing countries such as India and China. These factors collectively support the growth of the market in Asia Pacific.

Companies such as JTECH Medical Industries, Inc., Hausmann Industries, 3B Scientific, Fabrication Enterprises, Inc., KERN & SOHN GmbH, Charder Electronic Co, Ltd., Marsden Weighing Group, North Coast Medical Inc., and JLW Instruments accounted for major share of the global medical dynamometer market in 2017. North Coast Medical, Inc. is a manufacturer, supplier, and distributor of rehabilitation medical care products. The company has over 40 years of experience in manufacturing and distribution. It offers a broad product portfolio of rehabilitation medical care.

Companies are adopting the strategy of acquisition and collaboration with parallel companies in order to improve and strengthen geographic presence in the global market. In March 2014, North Coast Medical, Inc. acquired ActivaTek, Inc. to expand business in the pain management segment. In May 2016, Charder Electronic Co, Ltd. announced a new distributor (Charder North America) in North America. Charder North America will help to increase Charder Electronic’s revenue from North America and bring more accessibility to the current customers and serve many new customers.

Medical Dynamometer Market: Overview

This report analyzes the current and future scenario of the global medical dynamometer market. High prevalence of orthopedic surgeries, increase in arthritic patients, rise in ergonomic health approaches, surge in research and development initiatives, and rise in demand for diagnostic devices drive the global medical dynamometer market.

The global medical dynamometer market report comprises an elaborate executive summary, which includes information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, operation, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global medical dynamometer market

Global Medical Dynamometer Market: Key Segments

Based on product, the global medical dynamometer market has been segmented into squeeze dynamometer, pinch gauge, hand dynamometer, chest dynamometer, push-pull dynamometer, and others.

In terms of application, the global medical dynamometer market has been categorized into orthopedic, neurology, cardiology, medical trauma, and others. Increase in sports injuries is anticipated to propel the global dynamometer market during the forecast period. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global Medical Dynamometer Market: Regional Outlook

In terms of region, the global medical dynamometer market has been segmented into North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles major players in the global medical dynamometer market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in the report include JTECH Medical Industries, Inc., Hausmann Industries, 3B Scientific, Fabrication Enterprises, Inc., KERN & SOHN GmbH, Charder Electronic Co, Ltd., Marsden Weighing Group, North Coast Medical Inc., and JLW Instruments.

The global medical dynamometer market has been segmented as given below:

Global Medical Dynamometer Market, by Product

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

Global Medical Dynamometer Market, by Operation

  • Electronic
  • Mechanical

Global Medical Dynamometer Market, by Application

  • Orthopedic
  • Neurology
  • Cardiology
  • Medical Trauma
  • Others

Global Medical Dynamometer Market, by End-user

  • Hospitals
  • Rehabilitation Centers
  • Physiotherapy Clinics
  • Others

Global Medical Dynamometer Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
.