According to the report published by Zion Market Research, global demand for the medical dynamometer market was valued at approximately USD 640.45 Million in 2019 and is expected to generate revenue of around USD 1062.53 Million by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for the medical dynamometer market was valued at approximately USD 640.45 Million in 2019 and is expected to generate revenue of around USD 1062.53 Million by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.
Global Medical dynamometer Market: Overview
Medical dynamometers measure the strength of various muscles, bones, and neurons groups found in the human body. These dynamometers offer resistance that matches a patient's various needs, which includes treating weaknesses, fatigue, pain, etc. These are also used for making clinical decisions and evaluating outcomes related to pathologies, such as carpal tunnel syndrome, hands’ tendon injury, nerve injury, neuromuscular disorder, etc. The demand and popularity of the medical dynamometer market across the globe can be attributed to the growing number of surgical procedures.
Global Medical dynamometer Market: Growth Factors
The major growth driver of the global medical dynamometer market in the future is the growing product demand as they offer objective and accurate and data that is needed for reimbursable rehabilitation services. Other factors that are anticipated to contribute notably toward the expansion of the medical dynamometer market globally over the estimated timeframe include the increasing number of surgical procedures, rising cases of bone-related injuries, and increasing base of elderly population worldwide. Furthermore, increased adoption of new generation dynamometers, the rising cases of ruptured tendons, and a growing number of sports-related injuries are projected to positively impact the market for medical dynamometers in the years ahead.
Global Medical dynamometer Market: Segmentation
The global medical dynamometer market is categorized into product, application, and end-user. By product, the medical dynamometer market includes push-pull dynamometer, chest dynamometer, hand dynamometer, pinch gauge, squeeze dynamometer, and others. Hand dynamometers held a major share of the global market in 2019 and are likely to grow considerably in the upcoming years as well. On the basis of application, the market for medical dynamometer is classified into medical trauma, cardiology, neurology, orthopedic, and others. The orthopedic segment is anticipated to grow notably in the future, owing to the rising cases of ruptured tendons and an increasing number of sports-related injuries. Based on end-user the market is segmented into physiotherapy clinics, rehabilitation centers, hospitals, and others. Hospitals are likely to significantly contribute toward the global market over the estimated timeframe, due to the increased adoption of new generation dynamometers.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Medical dynamometer Market: Regional Analysis
By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. The North American region is projected to dominate the global medical dynamometer market over the estimated time period. This can be attributed to rising sports activities and an increasing number of accidents. Furthermore, the early diagnosis of arthritis and immediate treatment of tendon via therapy or surgical procedures are projected fuelling the North American medical biotechnology market, which is projected to drive the region’s medical dynamometer market in the future. Europe is expected to emerge as the second leading market for medical dynamometer in the future, owing to favorable government initiatives related to awareness programs for arthritis and well-developed healthcare infrastructure. The Asia Pacific is the medical dynamometer market likely to grow rapidly in the years ahead, owing to the rising population, changing lifestyles of the regional population, rising accident cases, and rapid economic growth.
Global Medical dynamometer Market: Competitive Players
Some important players of the global medical dynamometer market are JLW Instruments, North Coast Medical, Marsden Weighing Group, Charder Electronic, KERN & SOHN, Fabrication Enterprises, 3B Scientific, Hausmann Industries, and JTECH Medical Industries, among others.
Medical dynamometer Market: Regional Segment Analysis
FrequentlyAsked Questions
The major growth driver of the global medical dynamometer market in the future is the growing product demand as they offer objective and accurate and data that is needed for reimbursable rehabilitation services.
According to Zion Market Research, global demand for the medical dynamometer market is expected to generate revenue of around USD 1062.53 by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.
The North American region is projected to dominate the global medical dynamometer market over the estimated time period. This can be attributed to rising sports activities and an increasing number of accidents.
Some main participants of the medical dynamometer market are JLW Instruments, North Coast Medical, Marsden Weighing Group, Charder Electronic, KERN & SOHN, Fabrication Enterprises, 3B Scientific, Hausmann Industries, and JTECH Medical Industries, among others.
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