Industry Outlook

Growing health awareness, increasing orthopedic surgeries performed worldwide, and growing indulgence in sports and athletic activities, and therefore sports injuries have resulted in higher demand for rehabilitation and feedback treatments. Higher incidence of sports injuries among the youth has registered an increase in physiotherapy and rehabilitation treatments. Some common sports injuries are plantar fasciitis, rotator cuff tear, sprains, strains and cartilage tears. Furthermore, the large pool of geriatric population worldwide is also reported to undergo surgeries for joint replacement and other, cartilage damage and musculoskeletal injuries. As reported by the International Osteoporosis Foundation, every year, osteoporosis causes more than 8.9 million fractures, it is also estimated that by 200, there shall be 310% increase in hip fractures in men and 240% increase in women from 1990.

Medical dynamometers are widely used as a part of rehabilitation treatments to the patients suffering from musculoskeletal injuries and disorders, and various surgeries. Medical dynamometers assist in reinstating the muscular and joint strength, while efficiently ensuring pain management and restoration of movements. Therefore, devices are often used for increasing the recovery speed from disorders characterized by acute and chronic pain.

"Hand dynamometers to be the largest product segment"

There is a wide range of dynamometers available in the market with the objective of treating different conditions or based on the mechanism of operation. However, in all the dynamometers, the thenar and hypothenar eminences are supported in the hind part of the handle, restricting the thumb action; while the rest of the fingers are involved at the front part of the handle. As described by the American Society of Hand Therapists, hand instruments are considered as the gold standard for documentation of the grip strength. Several studies have compared new and old tools with different transmission means and handle shapes. Higher incidence of hand and joint injuries also contribute to the greater demand for hand dynamometers.

Growing incidence of sports and age related injuries among the general population are the prime factors supporting the dominance of musculoskeletal segment in terms of applications. Moreover, these devices are also used in hospitals before and post orthopedic surgery to determine patient strength and therefore decide on the duration of hospital stay. Extensive literature has been available describing the relationship between grip strength and functional and clinical parameters in different populations. Therefore measurement of maximal grip strengths is a vital element of following orthopedic patients during aging, injury, rehabilitation, therapeutic trials and training. Dynamometers are therefore used in musculoskeletal patients to estimate the muscle strength generated by flexor muscles.

"Rehabilitation centers to register the fastest market growth"

In terms of revenue, hospitals and clinics is the largest usage area for medical dynamometers. Higher purchasing power, greater patient footfall, and higher awareness are some of the factors that support the dominance of hospitals segment. Additionally, the varied nature of incoming patients also makes the use of medical dynamometers imperative in hospitals. On the other hand, rehabilitation centers are anticipated to be the fastest progressing user segment during the forecast period. Factors such as decentralization of healthcare facilities, need for reducing hospital stays for containing costs have resulting in influx of patients to independent rehab centers and physiotherapy clinics.

"Larger disease incidence and awareness to support dominance of North America market"

In terms of regional demarcation, the global medical dynamometers market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Of these, North America holds command of the global market, and will retain its command with a marginal decrease in the market share, cannibalized by the emerging markets of Asia Pacific and Latin America. Large pool of individuals with sports and age related injuries and widespread early phase diagnosis of tendon disorders and arthritis drive the market in North America. Asia Pacific, on the other hand, is anticipated to witness the fastest market growth during the forecast period. Consistently growing population, increasing life expectancy, and purchasing powers are the key attributes favoring the growth of Asia Pacific market.

The major players profiled in this report include KERN & SOHN GmbH, Charder Electronic Co, Ltd., Marsden Weighing Group, 3B Scientific, JTECH Medical Industries, Inc., Hausmann Industries, AliMed, Inc., JLW Instruments, North Coast Medical Inc. and Fabrication Enterprises, Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Medical Dynamometers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Medical Dynamometers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Medical Dynamometers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Medical Dynamometers market?
• Which is the largest regional market for Medical Dynamometers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Medical Dynamometers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Medical Dynamometers market worldwide?