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Global Parkinsonian Products Market Insights

The global parkinsonian products market is estimated to witness a moderate CAGR during the forecast period. Increasing prevalence of Parkinson's disease is expected to drive market during the forecast period. Parkinson’s disease is a nervous system disorder that increases in severity with time. The disease is characterized by its bradykinesia, rigidity, tremor, and postural instability. According to the data published by Parkinson’s Foundation, around 8 to 10 million people across the world are affected by Parkinson’s disease and every year approximately 70,000 Americans are diagnosed with it. Increasing research and development activities for the development of parkinsonian products to control tremor levels along with growing parkinson’s disease across the world are the some of the major factors propelling the market growth during the forecast period. High cost of product along with development of products still in the nascent phase are some factors expected to hamper the market growth.

Parkinsonian Products Market Forecasts

Parkinsonian Products Market: By Product

On the basis of product, the global parkinsonian products market is classified into gloves, socks, spoon, mug, pen and others. The gloves segment is expected to grow at a considerable rate during the forecast period. The gloves are used in various applications including eating, writing, and handling things among others. The gloves serve as a single tool to reduce both action and resting tremor patterns. The glove will come ready to pair with a smartphone app. The circuit board installed in the glove is equipped to record hand tremors and transmit that data to an app. This is intended to allow seamless monitoring and recording of a wearer’s tremors, making it easier to track whether they are worsening or improving. These gloves weigh less than a pound and works by applying sensory cues based on unique, individual tremor patterns. The spoon and mug segment is also expected to grow owing to the easy gripping materialistic properties and easy usage of the products.

Parkinsonian Products Market: By Distribution Channel

On the basis of distribution channel, the global parkinsonian products market is classified into online and offline. The online segment is expected to grow at a high CAGR owing to the increased usage of internet. Recent studies predicted that by the end of 2019, there will be more than 1.9 billion global digital buyers. Another study conducted by National Public Radio and Marist College found that more than three-fourths of adults in the United States shopped online. The offline segment consists of retail outlets, super markets, hyper market and specialty stores.

Parkinsonian Products Market: By Region

The global parkinsonian products market in terms of region is dominated by North America owing to multiple factors such as developing economies, industrialization, advancement and increase in number of aging population. It is estimated that nearly 60,000 Americans are diagnosed with Parkinson's disease each year. 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 make it a potential market for the prospective customers and users.

Asia-Pacific is expected to witness considerable growth in the parkinsonian products market. The fast growing medical and healthcare industries in China, India, and South Korea are expected to be the prime factors contributing to the growth of parkinsonian products industry. By the year 2050, one in four people in Asia Pacific region will be over 60 years old. The population of older persons (over 60) in the region is expected to triple between 2010 and 2050, reaching close to 1.3 billion people. The market of parkinsonian products is also expected to grow in Middle East and Africa. Increased foreign direct investment is one of the major factors propelling the market growth in MEA region.

Parkinsonian Products 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.

Parkinsonian Products 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.

Parkinsonian Products Market: Share & Competitor Analysis

Some of the key players operating in the parkinsonian products 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 July 2018, Alimed was awarded with a group purchasing agreement for Mobile Medical Carts with Premier

The global Parkinsonian Products 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.

Parkinsonian Products Market Forecasts

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 Parkinsonian Products Market.

Parkinsonian Products Market Forecasts

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Parkinsonian Products Market Forecasts

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.

Parkinsonian Products Market Forecasts

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Key Deliverables: 
  1. Known and unknown adjacencies impacting the market
  2. New emerging technologies and use cases disrupting the industry alongwith market estimates and forecasts datasets
  3. Identification of revenue pockets by analysing largest and fastest growing segments and regions
  4. Key dynamics affecting market growth
  5. Analysis of key players in the market and the key strategies adopted by them to sustain their market position
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