MEDICAL DYNAMOMETER MARKET ANALYSIS

Medical Dynamometer Market, by Product Type (Hand Dynamometer, Chest Dynamometer, Squeeze Dynamometer, Push-Pull Dynamometer, and Others), by Operation Type (Electronic and Mechanical), by Application (Orthopedic, Neurology, Cardiology, Medical Trauma, and Others), by End User ( Hospitals and Clinics, Rehabilitation Centers, and Physiotherapy Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Nov 2024
Code : CMI2844
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Medical Dynamometer Market - Drivers

Increasing prevalence of orthopedic surgeries, increase in arthritic patients, rise in ergonomic health approaches, surge in research and development initiatives, and increase in demand for diagnostic devices drive the global medical dynamometer market growth. According to the National Inpatient Sample, in 2014, there were 370,770 total hip replacements (THR) and 680,150 total knee replacements (TKR) in the U.S. According to American Academy of Orthopedic Surgeons, by 2030, primary THR is projected to grow 171% and primary TKR is projected to grow by up to 189%, for a projected 635,000 and 1.28 million procedures, respectively.

Moreover, rise in prevalence of bone injuries drive growth of the global medical dynamometer market. According to International Osteoporosis Foundation (IOF), 2017, osteoporosis causes over 8.9 million fractures across the world each year, with an osteoporotic fracture every 3 seconds. IOF further states that by 2050, the global incidence of hip fracture in men is projected to increase by 310% and 240% in women. Furthermore, increase in sports injuries also fuel the global medical dynamometer market. For instance, according to the Center for Disease Control and Prevention, high school athletes alone account for 2 million injuries, 50,000 doctor visits, and 30,000 hospitalizations in the U.S. each year.

Moreover, manufacturers and researchers are developing advanced systems for rehabilitation of post stroke patients left with upper-extremity hemiparesis. For instance, in July 2016, Biodex Medical Systems, Inc., a provider of innovative medical devices, announced the availability of upper extremity hemiparetic attachments for its multi joint system computerized robotic dynamometer. Furthermore, in January 2019, ActivBody introduced the Activforce, a digital dynamometer platform designed to increase clinician’s access to precise data, creating a more efficient experience with manual muscle testing.

However, high costs associated with the medical dynamometer is restraining the market growth.