Demand for Electronic Medical Dynamometers Market to Grow at a CAGR of 8% Through 2026

The global medical dynamometers market exhibits a positive growth trajectory, expanding at a CAGR of 7.7% between 2020 and 2026. Growth of the market is associated with an increasing prevalence of orthopedic disorders. According to the International Osteoporosis Foundation, the disease is responsible for nearly nine million fractures annually, with an osteoporotic fracture every three seconds. By 2050, the global incidence of hip fracture is projected to increase by over 300% in men and over 200% in women. Moreover, two-fifths of the population in low-income countries suffer bone damage due to road accidents. Based on the abovementioned trends, demand for dynamometer devices to correct bone anomalies is steadily rising.

For detailed insights on enhancing your product footprint, request for a sample here- https://www.factmr.com/connectus/sample?flag=S&rep_id=4811

However, the ongoing COVID-19 pandemic is expected to generate shortfalls in the market, attributed to disruption of supply chains amid stringent nationwide lockdowns. Countries with extremely high rates of infections have banned cross-border and inter-state travel, leading to difficulties in the transportation of essential raw materials required to manufacture medical dynamometers.

Key Takeaways of Medical Dynamometers Market Study:

• Hand dynamometers shall capture two-fifths of the medical dynamometers market across the forecast period. A high success rate with respect to increased grip strength in patients with early rheumatoid arthritis and reduction on synovitis of the fingers and wrists is the primary growth driver of this segment.
• Electronic dynamometers are anticipated to surge in popularity, expanding at a CAGR of ~8% across the forecast period. Advancements on technology for addressing disabling disorders such as Duchene muscular dystrophy (DMD) or spinal muscular atrophy (SMA), increasing sports activities and increasing reliance on isometric electronic devices are expected to boost growth.

For critical insights on this market, request for methodology here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4811

• By application, the orthopedic segment is poised to dominate the medical dynamometers market, capturing a market share of 29.8%. Growth of the orthopedic segment is attributed to an increase in the number of knee osteoarthritis, ACL and musculoskeletal surgeries.
• By end-user, hospitals and rehabilitation centers are expected to exhaustively utilize medical dynamometers. Increasing preference for minimally invasive surgeries and reduced in-house stay in healthcare settings is driving the increased usage of medical dynamometers across both segments.
• North America is poised to dominate the medical dynamometers market by region, accounting for nearly 2/5^th of the market. Rising number of orthopedic surgical procedures and increased adoption of robotics is driving growth in the region.
• Asia-Pacific is expected to expand the fastest, at an astounding CAGR of 8.5%, attributed to a rising proportion of elderly population and significant investments in developing a robust healthcare infrastructure.

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.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4811

“Rising prevalence of orthopedic disorders has prompted increased usage of medical dynamometers in the recent past and shall continue across the forecast period. Leading manufacturers are incorporating technological enhancements to increase their presence in the market,” concludes a Fact.MR analyst.

Medical Dynamometers Market: Competition Landscape:

The medical dynamometers market is semi-consolidated with the presence of a few prominent market players, which include JTECH Medical Industries, Inc., Hausmann Industries, 3B Scientific Fabrication Enterprises Inc., KERN & SOHN GmbH and North Coast Medical Inc. Introduction of technologically enhanced specialty products and establishment of business ventures in emerging economies are principal growth strategies employed by the market players.

They also partnering with hospitals, rehabilitation centers and physiotherapists to provide after-purchase maintenance services. 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.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/07/08/1879464/0/en/Imminence-of-New-Gonorrhea-Therapeutic-Drugs-is-Evident-as-the-Bacteria-Grow-Super-Resistant-to-Antibiotics-Fact-MR.html

Explore Fact.MR’s Comprehensive Coverage on Healthcare Landscape

Neuro Ablation Devices Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028- https://www.factmr.com/report/2283/neuro-ablation-devices-market

Neuralgia Treatment Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028- https://www.factmr.com/report/2282/neuralgia-treatment-market

ENT Cameras Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028- https://www.factmr.com/report/2281/ent-cameras-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

The post Demand for Electronic Medical Dynamometers Market to Grow at a CAGR of 8% Through 2026 appeared first on Latest Market Reports.