The market size of the Global Digital Medical Dynamometer Market is predicted to show an 7.48 % CAGR during the forecast period.
Medical dynamometers are instruments that test the strength of various muscle groups, bones, and neurons. The Digital Medical Dynamometer Market is expected to be driven by the rising prevalence of osteoporosis, rising sports-related injuries, and increasing product demand globally. Medical dynamometers are devices that evaluate the strength of various muscle groups, bones, and neurons. The Digital Medical Dynamometer market is growing due to the high incidence of orthopedic operations, arthritic patients, increased ergonomic health methods, increased research and development initiatives, and increased demand for diagnostic instruments. The rising growth of supply chain businesses and rising levels of investment in research and development activities would all contribute to creating massive opportunities for the medical dynamometer market. Also, Medical dynamometers are instruments that test the strength of various muscle groups, bones, and neurons. The market is driven by a large pool of persons with sports and age-related injuries and widespread early-stage diagnoses of tendon problems and arthritis. Technological breakthroughs are transforming the medical dynamometer industry. Medical dynamometers are devices that measure the strength of various muscle groups, as well as bones and neurons. The large-scale implementation of updated medical dynamometers for more effective patient treatment is providing substantial growth opportunities for the medical dynamometer market. However, the high prices associated with medical dynamometers are limiting market expansion during the forecast period.
The Digital Medical Dynamometer market is segmented based on applications and end-users. Based on applications, the market is segmented into Orthopedic, Neurology, Cardiology, and Medical Trauma. By end-users, the market is segmented into Hospitals, Physiotherapy Clinics, and Rehabilitation Centers.
Based on application, the orthopedic segment is a major contributor to the Digital Medical Dynamometer market.
The orthopedic category is expected to hold a major share in the global Digital Medical Dynamometer market in 2021. Due to the increasing incidence of sports injuries and orthopedic procedures in both developed and emerging nations, the market for orthopedic applications will be the largest and fastest expanding. In 2017, the total number of orthopedic procedures performed worldwide was estimated to be around 22.3 million, and this statistic is expected to rise at a rapid CAGR of 7.5 % to 30 million. Additionally, an increase in sports injuries is anticipated to enhance the orthopedic category during the projected period.
The hospitals segment witnessed growth at a rapid rate
The hospital segment is projected to grow at a rapid rate in the global Digital Medical Dynamometer market. With the growing number of private hospitals, the hospital segment will account for the largest share of market growth. The growing availability of effective diagnostic instruments, combined with an increasing number of patients, is expected to drive growth. These injuries are the result of a sports-related accident, a car accident, post-surgery treatment, spinal diseases, and so on. According to WHO figures from 2019, 1.35 million people die in traffic accidents each year. The adoption of new generation dynamometers, such as System 4 Pro, is expected to boost the segment., especially in countries such as the US, Germany, the UK, China, and India.
The North America Digital Medical Dynamometer market holds a significant regional revenue share.
The North America Digital Medical Dynamometer market is expected to register the highest market share in terms of revenue soon. The region is expected to lead the Digital Medical Dynamometer market during the forecast period due to the increased incidence of accidents along with early detection of diseases such as arthritis. Due to the focus of various established market players on expanding their presence in this specific area, Asia-Pacific is predicted to develop at the highest rate during the forecast period.
The region's growing population, coupled with an increase in the number of fatal accidents, is expected to be a driving factor in the region's overall market growth.
The key players in the Digital Medical Dynamometer market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Digital Medical Dynamometer market are JLW Instruments, Antibody, Charred Electronic, Daycare, KERN & SOHN, Invent, Lafayette Instrument, Marsden Weighing Machine Group, Baseline, 3B Scientific, JTECH Medical Industries, Inc., Somatic, Performance Health, P&D Medical, Golden State Medical, Melo, and Electro Medical Equipment.