Medical Dynamometer Market - Global Industry Analysis and Forecast 2016 - 2024
High prevalence of orthopedic surgeries, arthritic patients, rise in ergonomic health approaches, growth in research and development initiatives, and rise in demand for diagnostic devices factors driving the growth of the medical dynamometer market. According to the U.S. Bureau of Labor Statistics (BLS), 2013, musculoskeletal disorders (MSDs) accounted for 33% of all worker injury and illness cases. The Occupational Safety and Health Administration (U.S.) has implemented and established corrective action procedures to prevent MSDs among the labors. Ergonomically, the work places are fitted which increases productivity, helps to lessen muscle fatigue, and reduces the severity of work-related MSDs. Growth in supply chain industries for equipment used in the making of medical dynamometers such as hand evaluation sets and various types of gauge used for measurement is projected to fuel the global medical dynamometer market. However, factors such as high cost of dynamometers and available treatment through other alternative therapy techniques are expected to hamper the market growth.
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The global medical dynamometer market has been segmented based on product, application, end-user, and geography. In terms of product, the market is classified into squeeze dynamometer, spring hand dynamometer, pinch gauge, hydraulic hand dynamometer, chest dynamometer, push-pull dynamometer, and others. In terms of application, the market for medical dynamometer is classified into nerve injury, carpal tunnel syndrome, and tendon injury. Tendon injury is a rapidly growing application segment owing to rise in incidence of rupture tendons such as Achilles tendon rupture globally. According to the World Journal of Orthopedics, 2015, Achilles tendon is the most frequently rupture tendon in the human body. The most hazardous sport responsible for the rupture of tendons is badminton with 83% occurring in males. In terms of end-user, the market is classified into diagnostic laboratories, research & development, hospitals, and others. In terms of end-user, the medical dynamometer market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Geographically, North America dominates the global medical dynamometer market due to increase in sports activity and rise in number of accidents which deadly affect the bone fractures. Early-phase diagnosis of arthritis and treatment of tendon surgeries or therapy are driving the medical biotechnology market, which in turn is expected to drive the medical dynamometer market in North America. It is followed by Europe in terms of market size. Europe has favorable government policies regarding health care infrastructure and awareness program for arthritis population. The market in Asia Pacific is expected to grow at a higher rate due to rise in population, change in lifestyle, increase in number of accidents, and growth in per capita expenditure. In addition, economic growth and rise in distribution channels are supporting the health care infrastructure improvement in developing countries such as India and China. These factors collectively support the growth of the market in Asia Pacific.
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The major players operating in the global medical dynamometer market include JTECH Medical, Fabrication Enterprises Inc., American 3B Scientific, The Saunders Group Inc., AliMed, Hausmann Industries, Inc., KERN & SOHN GmbH, and Charder Electronic Co, Ltd.
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