Global Essential Tremor Treatment Market, Trends & Analysis – Forecasts to 2026 By Product (Gloves, Socks, Spoon, Mug, Pen, Others), By Distribution Channel (Online, Offline), By End Use Industries (Research Center, Clinic, Hospital), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Global Essential Tremor Treatment Market Insights
The global essential tremor treatment market is estimated to grow at moderate CAGR during the forecast period. Essential Tremor is also known as familial tremor, benign tremor, and idiopathic tremor. The cause of tremors is due to problems in parts of the brain that controls muscle in the body or in specific parts of the body, includes hands, arm, head, eyes, face, vocal cord, trunk, and legs. About half of essential tremor cases appear to result from a genetic mutation. According to the data published by Essential Tremor Foundation about 3% of population or approximately 10 million individuals in U.S. are affected by essential tremors in 2015. Growing incidences of accidents which causes brain damage, stress related diseases and drug reaction are some of the factors expected to propel the market growth of essential tremor treatment across the world. Continuous research & development in the medical sector along with growing technology to improve anti-tremor products are pushing the growth of the global essential tremor treatment market. High cost of product along with development of the products still in the nascent phase are some factors expected to hamper the market growth.
Essential Tremor Treatment Market: By Product
On the basis of product, the global essential tremor treatment market is classified into gloves, socks, spoon, mug, pen and others. The gloves segment is expected to grow at a high CAGR during the forecast period. The gloves are used in various applications, such as writing, eating, holding things and drinking water among others. The glove serves as a single tool to reduce both action and resting tremor patterns. The circuit board in the glove is equipped to record hand tremors and transmit data to app. The glove operates on a concept of spinning top to help steady the wearer’s hand. The spoon and mug segment is also expected to grow at significant CAGR owing to the easy gripping materialistic properties and easy usage of the products.
Essential Tremor Treatment Market: By Distribution Channel
On the basis of distribution channel, the global essential tremor treatment market is classified into online and offline. The online segment is expected to grow at a high CAGR during the forecast period. Increasing number of internet users along with smart phone users across the globe are some of major factors driving the market growth of online segment. Recent studies predicted that by the end of 2019, there will be more than 1.9 billion global digital buyers. According to the National Public Radio and Marist College research more than three-fourths of adults in the United States shopped online. The offline segment includes retail outlets, super markets, hyper market and specialty stores among others. The offline segment is also expected to grow at a significant market share during the forecast period. Growing urban cities in developing countries along with increasing number of shopping malls, retail stores are expected to boost the market during the forecast period.
Essential Tremor Treatment Market: By End Users
On the basis of end user, the global essential tremor treatment market is classified into research centers, clinics and hospitals. The hospitals segment is expected to grow at a high CAGR during the forecast period. Favorable medical reimbursement policies, along with increased funding and grants are some of the major factors driving the market for essential tremor treatment. Research centers segment is expected to grow at a significant CAGR during the forecast period. Fast growing research & development activities in the field of anti-tremor products is one of the major factors expected to propel the growth of market.
Essential Tremor Treatment Market: By Region
The global essential tremor treatment market in terms of region is dominated by North America owing to multiple factors such as advancement in technology, and increasing number of aging population among others. In 2015, it is estimated that nearly 10 million Americans are affected with essential tremor disease. Influx of technological reforms in glove segment has driven the growth of the market. Features, such as tactile sensing and fine-motion control in robotics, increasing demand for health and monitoring application makes it a potential market for the prospective customers and end users.
Asia-Pacific is expected to witness considerable growth in the essential tremor treatment market. Fast growing medical and healthcare industries in China, India, and South Korea is expected to be among the prime factors contributing to the growth of essential tremor treatment industry.
Essential Tremor Treatment Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Johns Hopkins Hospital, Cleveland Clinic and Community Medical Centers among others.
Essential Tremor Treatment Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Essential Tremor Treatment Market: Share & Competitor Analysis
Some of the key players operating in the Essential Tremor Treatment market are Gyenno, Gyroglove, Handsteady, Nospillcup, Readi-Steadi, Elispoon, Alimed, Dopa Solutions, Fidens, Performance Health, MANUS Neurodynamica Ltd and Microsoft's Emma Watch among others.
In September 2019, Gyenno Technologies launched a gyenno new version Parkinson spoon. The spoon helps people to eat and monitor tremors
The global Essential Tremor Treatment Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 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 Essential Tremor Treatment 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 companies.
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