Global Digital Medical Dynamometer Market

Report ID : 1313 | Published : 2022-07-12 | Pages: | Format: PDF/EXCEL

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.

Market Segmentation:

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.

Competitive Landscape

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.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Digital Medical Dynamometer Market Snapshot

Chapter 4. Global Digital Medical Dynamometer Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Application Estimates & Trend Analysis

5.1. By Application & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Application:

5.2.1. Orthopedic

5.2.2. Neurology

5.2.3. Cardiology

5.2.4. Medical Trauma

5.2.5. Other Applications

Chapter 6. Market Segmentation 2: By End-user Estimates & Trend Analysis

6.1. By End-user & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By End-user:

6.2.1. Hospitals & Orthopedic Clinics

6.2.2. Rehabilitation Centers

6.2.3. Physiotherapy Clinics

6.2.4. Other End Users

Chapter 7. Digital Medical Dynamometer Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Digital Medical Dynamometer Market revenue (US$ Million) estimates and forecasts By Application, 2020-2030

7.1.2. North America Digital Medical Dynamometer Market revenue (US$ Million) estimates and forecasts By End-user, 2020-2030

7.1.3. North America Digital Medical Dynamometer Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

7.2. Europe

7.2.1. Europe Digital Medical Dynamometer Market revenue (US$ Million) By Application, 2020-2030

7.2.2. Europe Digital Medical Dynamometer Market revenue (US$ Million) By End-user, 2020-2030

7.2.3. Europe Digital Medical Dynamometer Market revenue (US$ Million) by country, 2020-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Digital Medical Dynamometer Market revenue (US$ Million) By Application, 2020-2030

7.3.2. Asia Pacific Digital Medical Dynamometer Market revenue (US$ Million) By End-user, 2020-2030

7.3.3. Asia Pacific Digital Medical Dynamometer Market revenue (US$ Million) by country, 2020-2030

7.4. Latin America

7.4.1. Latin America Digital Medical Dynamometer Market revenue (US$ Million) By Application, (US$ Million)

7.4.2. Latin America Digital Medical Dynamometer Market revenue (US$ Million) By End-user, (US$ Million)

7.4.3. Latin America Digital Medical Dynamometer Market revenue (US$ Million) by country, 2020-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Digital Medical Dynamometer Market revenue (US$ Million) By Application, (US$ Million)

7.5.2. Middle East & Africa Digital Medical Dynamometer Market revenue (US$ Million) By End-user, (US$ Million)

7.5.3. Middle East & Africa Digital Medical Dynamometer Market revenue (US$ Million) by country, 2020-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. JLW Instruments

8.2.2. ActivBody

8.2.3. Charder Electronic

8.2.4. DyCare

8.2.5. KERN & SOHN

8.2.6. Kinvent

8.2.7. Lafayette Instrument

8.2.8. Marsden Weighing Machine Group

8.2.9. Baseline

8.2.10. 3B Scientific

8.2.11. JTECH Medical Industries, Inc.

8.2.12. Somatco, Performance Health

8.2.13. P&D Medical

8.2.14. Golden State Medical

8.2.15. MeloQ

8.2.16. Electro Medical Equipment

8.2.17. Other Prominent Players

Segmentation of Digital Medical Dynamometer Market-

By Application

  • Orthopedic
  • Neurology
  • Cardiology
  • Medical Trauma
  • Other Applications

 By End-User 

  • Hospitals & Orthopedic Clinics
  • Rehabilitation Centers
  • Physiotherapy Clinics
  • Other End Users"

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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7.48 % CAGR during the forecast period.

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