Medical Tuning Fork Market size is projected to gain momentum over 2023-2032, given the heightened outdoor activity due to the waning COVID-19 crisis and an increase in orthopedic injuries. Tuning fork medical assistants are utilized during the assessment of bone fractures or injuries. The product can be progressively toned on the suspected areas of bone fractures to identify the location.
The rising number of elderly people susceptible to falls and chronic injuries will promote the usage of medical-grade tuning forks. Apart from orthopedic trauma, hearing loss is one of the common conditions affecting the elderly and older adults. According to the WHO, between 2020 and 2050, the number of older people aged 80 years or above is expected to triple to reach 426 million, bolstering the requirement for medical tuning forks worldwide.
Tuning forks refer to a key instrument in medical specialties, mainly adopted during hearing tests of patients. In neurology, the instrument can help detect bone sensitivity to vibrations and identify the presence of disorders in neuropathic and cognitive functions of the body.
The rise in government healthcare expenditure and the high burden of age-related hearing loss are some of the prominent drivers for the medical tuning fork market trends. Based on data from the National Institute on Deafness and Other Communication Disorders, nearly 1 in 3 U.S. people aged between 65 and 74 years has hearing loss. The rising health consciousness will further escalate the adoption of tuning forks to harmonize minerals and other nutrients in the body and enliven the organs and cells, thereby fostering industry trends in the upcoming years.
The aluminum alloy material segment is anticipated to hold a considerable share of the medical tuning fork industry between 2023 and 2032. Since aluminum medical tuning forks are easy to handle and lightweight, they have emerged as a preferred choice for sound healing applications. The ever-increasing number of people with sleep disorders will therefore escalate the material demand. As per statistics from the American Sleep Association, short-term insomnia is the most common sleep disorder, affecting 30% of adults. In addition, the extensive availability of precise forks free of impurities will boost the acceptance of higher-grade aluminum to develop medical tuning forks.
Based on end-use, the medical tuning fork market share from the clinics segment is likely to witness appreciable gains over the forecast period, given the availability of advanced medical devices. In recent years, patients have shifted their preference toward alternative health settings including retail clinics to access primary care and wellness checks. Other care sites, including urgent care clinics, are also creating front doors for patients to access medical care. The rapid installation of access points to address health concerns will spur the consumption of tuning forks for use in medical tests across clinics.
North America is expected to emerge as a lucrative revenue pocket for the medical tuning fork industry by 2032, considering the growing prevalence of osteoporosis among women. As per data from the Bone Health & Osteoporosis Foundation, this bone disease affects nearly 10 million Americans, out of which, 8 million are women. Such factors will create a robust demand for medical tuning forks to locate the area of bone fracture. Additionally, rapid medical innovation and the deployment of technologically advanced medical devices will strengthen the market outlook across the region.
The competitive landscape of the medical tuning fork market is inclusive of Spirit Medical, Luxamed, AME Worldwide, MDF Instruments, KaWe, Nagashima Medical Instruments, Prestige Medical (Tuttnauer Co. Ltd.), and American Diagnostic, among others. Strategic collaborations, innovative product launches, and acquisitions are among the key initiatives being undertaken by these industry participants to expand their business footprint across the global market.