Medical Dynamometers - Market Insight, Competitive Landscape and Market Forecast - 2030

Medical Dynamometers - Market Insight, Competitive Landscape and Market Forecast - 2030

Medical Dynamometers Market By Product (Chest Dynamometer, Hand Dynamometer, Push Pull Dynamometer, And Others), Application (Orthopedic, Cardiology, Neurology, Medical Trauma, And Others) End-User (Hospitals And Clinics, Rehabilitation Centers, And Others), and geography is expected to grow at a steady CAGR forecast till 2030 owing to the growing prevalence of osteoporosis and arthritis and rising incidence of sports related injuries

The global Medical Dynamometers Market was valued at USD 545.18 million in 2023, growing at a CAGR of 6.02% during the forecast period from 2024 to 2030 to reach USD 820.57 million by 2030. The demand for Medical Dynamometers is primarily being boosted by the growing prevalence of bone-related disorders including osteoporosis and arthritis. Additionally, the increase in sports-related injuries, and the growing geriatric population are some of the other key factors that are responsible in contributing to the positive growth of the Medical Dynamometers market during the forecast period from 2024-2030.

Medical Dynamometers Market Dynamics:

According to the data provided by the World Health Organization (WHO) 2023, it was estimated that around 528 million people were living with osteoarthritis in the year 2019, globally. Additionally, as per the same source 344 million people were living with severe osteoarthritis in 2019 and could be benefited from rehabilitation. Further, according to statistics provided by the World Health Organization (WHO) in the year 2023, around 18 million individuals worldwide suffered from rheumatoid arthritis in 2019. According to the same source, around 70% of persons suffering from rheumatoid arthritis in 2019 were women, with 55% being over the age of 55. Thus, the rising prevalence of bone-related disorders such as arthritis, osteoporosis, and rheumatoid arthritis will create a need for the treatment and management of bone-related disorders, thus resulting in the positive growth of the Medical Dynamometers market.

As per the data provided by the World Health Organization 2021, between 2015-2050, people falling between 60 years and above will be doubled from 12 – 22%, and will eventually reach 2.1 billion by the year 2050, globally. Moreover, by 2030, 1 in 6 people will age 60 years or above. As their age increases, older adults have a natural decline in muscle mass, strength, and function, thus leading to musculoskeletal disorders such as osteoarthritis, and osteoporosis. Therefore, with the increase in the geriatric population, the demand for medical dynamometers will also increase, thus resulting in the overall growth of the Medical Dynamometers market.

However, the high cost associated with medical dynamometers and, the lack of advanced healthcare infrastructure in countries that limit their end-user base, among others are some of the key constraints that may limit the growth of the Medical Dynamometers market.

Medical Dynamometers Market Segment Analysis:

Medical Dynamometers Market by Product (Chest Dynamometer, Hand Dynamometer, Push Pull Dynamometer, and Others), Application (Orthopedic, Neurology, Cardiology, Medical Trauma, and Others) End-User (Hospitals and Clinics, Rehabilitation Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the product segment of the Medical Dynamometers market, the hand dynamometer category is estimated to amass a significant revenue share in the Medical Dynamometers Market in 2023. This can be attributed to the various advantages and applications provided by the Hand Dynamometers. Grip strength is an indicator of overall muscle health and function, hand dynamometers help in evaluating the strength of the muscles involved in gripping, providing insights into a person’s well-being. Additionally, in the case of rehabilitation, hand dynamometers help therapists monitor the progress of patients recovering from hand injuries, surgeries, or disorders affecting grip strength.

Further, hand dynamometers are cost-effective and portable tools, which are capable of screening various disorders affecting the grip strength of the patients. Therefore, the various advantages and applications provided by the Hand Dynamometers category will contribute to the growth of the segment, thereby driving the growth of the overall Medical Dynamometers market during the forecast period.

North America is expected to dominate the overall Medical Dynamometers Market:

North America is expected to account for the highest proportion of the Medical Dynamometers Market in 2023, out of all regions. This is due to the presence of a large patient pool suffering from arthritis and osteoporosis. Additionally, the increasing incidence of sports-related injuries, the growing geriatric population, and the presence of developed and sophisticated healthcare infrastructure in the region are some of the key factors driving the growth of the Medical Dynamometers Market in North America.

According to the data provided by the Centers for Disease Control and Prevention (CDC) in 2023, it was estimated that around 53.2 million people (21.2%), had been diagnosed with some kind of bone disorder such as arthritis, rheumatoid arthritis, and gout in the United States, between 2019- 2021. Thus, the rising prevalence of bone-related disorders such as arthritis, osteoporosis, and rheumatoid arthritis, will create a need for the management and treatment of these disorders, thus eventually contributing to the positive growth of the Medical Dynamometers Market in the United States, which will eventually propel the Medical Dynamometers market in North America.

As per a study published in the American Academy of Orthopedic Surgeons in the year 2023 “Epidemiology of sports injuries among high school athletes in the United States” it was estimated that 15,531 injuries occurred during 6,778,209 athletic Exposures (AE), which accounted for an overall rate of 2.29 injuries per 1,000 athletic exposures, during the period 2015-2019, in the United States. Thus, the rising incidence of sports-related injuries is one of the key factors driving the growth of the Medical Dynameters market in the United States, which will eventually drive the overall market in North America during the forecast period.

Medical Dynamometers Market Key Players:

Some of the key market players operating in the Medical Dynamometers market include Charder Electronic Co, Ltd., JTECH Medical Industries, KERN & SOHN GmbH, Biodex Medical Systems, Inc., North Coast Medical Inc., B&L Engineering, JLW Instruments, Bharat Medical Systems, Fabrication Enterprises, Lafayette Instrument Company, EASYCARE, Hausmann Industries, Kinvent, Bio-sensing Solutions SL, BIOMETRICS LTD, Marsden Weighing Machine Group, Sensyteq, Dynatron Corporation, TruMedical Solutions LLC, Physio Care Devices, and others.

Recent Developmental Activities in the Medical Dynamometers Market:

In December 2021, JTECH Medical Industries was acquired by ADDvise. Additionally, both companies also entered into a share purchase agreement.

In January 2019, ActivBody launched Activforce, which is a digital dynamometer portal that helps clinicians to access accurate data.

Key Takeaways from the Medical Dynamometers Market Report Study

Market size analysis for current Medical Dynamometers Market size (2023), and market forecast for 6 years (2024-2030)

Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the global Medical Dynamometers market.

Various opportunities available for the other competitors in the Medical Dynamometers Market space.

What are the top-performing segments in 2023? How these segments will perform in 2030?

Which are the top-performing regions and countries in the current Medical Dynamometers market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for Medical Dynamometers market growth in the coming future?

Target Audience who can be benefited from this Medical Dynamometers Market Report Study

Medical Dynamometers product providers

Research organizations and consulting companies

Medical Dynamometers related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in Medical Dynamometer

Various end-users who want to know more about the Medical Dynamometers Market and the latest technological developments in the Medical Dynamometers Market.

Frequently Asked Questions for the Medical Dynamometers Market:

1. What are Medical Dynamometers?

Medical Dynamometers are devices, designed to measure the force generated by a muscle or a group of muscles during contraction. These devices are widely used in healthcare, rehabilitation, research, and sports medicine to assess and monitor muscle strength.

2. What is the market for Medical Dynamometers?

The global Medical Dynamometers Market was valued at USD 545.18 million in 2023, growing at a CAGR of 6.02% during the forecast period from 2024 to 2030 to reach USD 820.57 million by 2030.

3. What are the drivers for the global Medical Dynamometers market?

The Medical Dynamometers Market is slated to witness prosperity owing to factors such as the growing prevalence of bone-related disorders including osteoporosis and arthritis. Additionally, an increase in sports-related injuries and a growing geriatric population are some of the key factors resulting in appreciable revenue growth in the Medical Dynamometers Market during the forecast period (2024-2030).

4. Who are the key players operating in the global Medical Dynamometers market?

Some of the key market players operating in the Medical Dynamometers include Charder Electronic Co, Ltd., JTECH Medical Industries, KERN & SOHN GmbH, Biodex Medical Systems, Inc., North Coast Medical Inc., B&L Engineering, JLW Instruments, Bharat Medical Systems, Fabrication Enterprises, Lafayette Instrument Company, EASYCARE, Hausmann Industries, Kinvent, Bio-sensing Solutions SL, BIOMETRICS LTD, Marsden Weighing Machine Group, Sensyteq, Dynatron Corporation, TruMedical Solutions LLC, Physio Care Devices, and others.

5. Which region has the highest share in the global Medical Dynamometers market?

North America is expected to dominate the overall Medical Dynamometers Market during the forecast period from 2024 to 2030. This is due to the presence of a large patient pool suffering from arthritis and osteoporosis. Additionally, the increasing incidence of sports-related injuries, the growing geriatric population, and presence of developed and sophisticated healthcare infrastructure in the region are some of the key factors driving the growth of the Medical Dynamometers Market in North America.