Global Digital Medical Dynamometer Market Size, Trends & Analysis - Forecasts to 2026 By Application (Orthopedic, Neurology, Cardiology, Medical Trauma, and Other Applications), End-User (Hospitals & Orthopedic Clinics, Rehabilitation Centers, Physiotherapy Clinics and Other End Users) Landscape, Company Market Share Analysis, and Competitor Analysis
Digital Medical Dynamometer Market Insights
Popularly known as pinch gauge, a medical dynamometer, is a smart and portable handheld device used to check and measure a patient’s body strength to evaluate and examine the degree of dysfunction/ trauma/ pain and discomfort in terms of muscular activity such as holding and gripping. The device is also useful to understand if the patient’s body is reacting to any physical, medical, and therapeutic treatment positively or negatively. The hand-held dynamometer assesses the isometric strength of the patient’s hands and forearm muscles.
These devices are a replacement for physiotherapy treatment. Patients suffering from bone injuries, arthritis, road accidents, musculoskeletal damage, post-surgery recovery state, and muscle and tendon injuries opt for a therapy that involves the use of a medical dynamometer.
The non-invasive reinstating of the strengths of the muscles and joints using a medical dynamometer makes it a more efficient treatment option than a physiotherapy treatment plan. Hence, because of high efficiency in the recovery process and cost-effectiveness for patients across the globe, this medical device is considered to be more preferred than other treatment plans designed for such patients. Most of the patients under the orthopedic category are either chronic or require special attention during the entire treatment procedure. The use of the dynamometer renders real-time therapy which becomes comfortable and smooth for both the therapist as well as the patient. These hand dynamometers are widely used in hospitals, orthopedic special clinics, trauma centers, physiotherapy centers, physical rehabilitation centers, and other specialty clinics. The major focus area of this device lies in orthopedic, neurology, and cardiology. The market has two main types of dynamometers, namely the hydraulic or manual dynamometer and the electrical or digital dynamometer. The digital dynamometer is a highly equipped medical device with high precision strain, a gauge sensor that gives accurate digital real-time readings of a patient’s gripping and holding power. Such a device can store the patient’s name, age, and gripping readings which can help the therapist for future sessions. Besides the accuracy, the ease of movement while using the device has made it one of the fastest-selling product in the market.
The major market drivers that are contributing to the growth are increasing the number of patients that suffer from physical trauma post neurological and cardiological surgeries, road accidents, an increasing number of orthopedic surgeries, rising incidence of juvenile and adult arthritis, and increasing musculoskeletal injuries/damages amongst both Pediatric as well geriatric patients. Moreover, the increasing research activities related to smart devices for orthopedic based therapies, and increasing healthcare awareness across developed nations will support the market growth from 2021 to 2026. Also, the rising prevalence of sports injuries is a major market driver for the segment to grow abundantly during the forecast period.
The market is witnessing increasing popularity for sports and fitness amongst both the younger generation and middle-aged generation in the U.S. This trend has led to a high number of injuries related to sports and fitness. Consider these trends, the data from the U.S. Department of Health and Human Services estimated that more than 8.6 million sports injuries will occur each year. Hence, with the increasing number of injuries, the market is ought to grow rapidly owing to treatment benefits it renders to orthopedic patients.
Digital Medical Dynamometer Market: By Application
Based on the application of the digital dynamometer, the market can be segregated into orthopedic, neurology, cardiology, medical trauma, and other applications. Owing to the rising number of sports injuries and several orthopedic surgeries across the developed and developing regions, the market for orthopedic application will be the largest as well as growing the fastest. As of 2017, the total number of orthopedic surgeries conducted globally was around 22.3 million. This number is expected to grow at a high CAGR of 7.5% to reach 30 million by 2022.
Digital Medical Dynamometer Market: By End User
Based on the consumer analysis or end-user analysis, the market can be segmented into hospitals & orthopedic clinics, rehabilitation centers, physiotherapy clinics, and other end users. The market for hospitals and orthopedic clinics will be growing the fastest owing to the increasing number of patient registration for orthopedic injuries. These injuries are the result of a sports-related accident, road mishap, post-surgery care, spinal disorders, etc. As per the 2019 data of WHO, ~1.35 million people die of road accidents every year. The number is expected to increase in the coming years.
Digital Medical Dynamometer Market: By Region
As per the geographical analysis, the market of digital medical dynamometer can be classified into North America (the US, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa and Central South America. The market for North America will be dominant as of 2020, as the country has supportive reimbursement facilities for orthopedic medical instruments and devices. Also, the increasing number of product launches and product enhancement will help the market sustain its dominant position. Another supporting factor for the dominance is the increasing number of geriatric patients and an increasing number of orthopedic surgeries. For instance, as per the data provided by Census, there were around 40 million elderly residents in the US. This number has increased up to 55-60 million elderly people in 2019. The rise is expected to be constant in the next 5-6 years as per the data.
Digital Medical Dynamometer Market Share and Competitor Analysis
JLW Instruments, ActivBody, Charder Electronic, DyCare, KERN & SOHN, Kinvent, Lafayette Instrument, Marsden Weighing Machine Group, Baseline, 3B Scientific, JTECH Medical Industries, Inc., Somatco, Performance Health, P&D Medical, Golden State Medical, MeloQ, and Electro Medical Equipment among others are the top players in the digital medical dynamometer market.
Please note: This is not an exhaustive list of companies profiled in the report.
In Jan 2019, ActivBody launched its latest product namely, ActivForce which is a digital dynamometer software that easily pairs with the Activ5. Activ5 is the force measurement device offered by the company. The launch has helped the company gain market traction and increase its product visibility.
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The Global Digital Medical Dynamometer Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Digital Medical Dynamometer Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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