Market Trends of Medical Dynamometer Industry
This section covers the major market trends shaping the Medical Dynamometer Market according to our research experts:
Hand Dynamometer is Expected to Hold the Largest Market Share in the Medical Dynamometer Market
The Dominant share is retained by the Hand Dynamometer segment owing to the attributes such as the growing geriatric population and rising incidence of osteoporosis and arthritis cases worldwide is further expected to drive the market growth for hand dynamometers.
As per the International Osteoporosis Foundation, osteoporosis affects more than 8.9 million fractures per year globally, leading to an osteoporosis fracture every 3 seconds. As per the estimates presently around 200 million individuals suffer from Osteoporosis globally. As per the WHO, 45% of road accidents occur among pedestrians in low-income countries, although it is projected to be 29% in middle-income countries and 18% among pedestrians in high-income countries.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall Medical Dynamometer market, throughout the forecast period. This is owing to factors such as the rising prevalence of chronic disorders such as arthritis, osteoporosis, and rising geriatric population will drive the market for medical dynamometer in the region. As per the CDC estimates, by 2040, it is expected that around 78 million (26%) US people aged 18 years or older would have arthritis which is further expected to upsurge the demand of medical dynamometer market during the forecast period.
