Rising demand for diagnostic and technological devices and growing patient awareness is expected to drive the demand of the global tremor suppression devices market for the forecast period.
Hand tremor is the most spread disease among patients suffering from movement disorders or illness. Essential Tremors can be physically and psychologically draining, so the patients need to choose between living with tremors or risk unwanted side-effects from pharmacologic treatment options. The rising prevalence of brain-related disorders, brain injury, and Parkinson’s diseases are fueling the demand for tremor suppression devices across the world.
The successful treatment of Parkinson’s disease has not been discovered yet and, therefore, requires support from external medical devices to make the patient feel better than before. The increasing awareness among the patients about the diseases and the rise in the adoption of technologically advanced devices such as wearable devices, gloves are boosting the market growth. The rise in the disposable income of people around the globe and the rapid urbanization is increasing the expenditure capacity of individuals to afford quality healthcare medical devices.
However, the high cost of tremor suppression devices is expected to restrain the global tremor suppression devices market growth for the forecast period.
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Global tremor suppression devices market is segmented into product type, technology, suppression mechanism, body part, distribution channel, application, regional distribution, and company. Based on application, the market is divided into Parkinson’s disease, alcoholism, multiple sclerosis, and others. The Parkinson’s disease segment is expected to account for major market share for the forecast period, 2022-2026. The growing prevalence of Parkinson’s disease around the globe and the increasing patient awareness about the benefit of preventive healthcare services is driving the segment growth.
Based on technology, the market is bifurcated into wearable and non-wearable. The wearable device is expected to dominate the market for the next five years. Wearable medical devices are easy to wear and reduces the intensity of tremors. It is able to boost the confidence and convenience of the patients by suppressing the occurrence of tremors. Based on product type, the market is divided into wearable mechatronic systems, orthoses, and handheld external devices.
The wearable mechatronic systems segment is expected to hold a significant market share in the next five years. With the growing demand for personalized treatment services and with the help of advanced technology, the distinction between voluntary and involuntary actions is identified, which in turn is boosting the segment growth. Real data from the patients are collected and analyzed for the development of software that controls the wearable device.
Cala Health, Inc, Trequant, Inc., Five Microns, Inc, GyroGear Limited, Indiegogo, Inc are the leading players operating in global tremor suppression devices market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market.
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“The growing adoption of advanced technologies, including machine learning and the internet of things by the healthcare industry to provide quality treatment to patients, is influencing the demand of the tremor suppression devices market. The advent of smart devices such as smart glasses, smartwatches, pressure shoes is aiding in increasing awareness among people about the benefits of preventive treatment, and diagnosis is expected to create lucrative opportunities for market growth. The increasing prevalence of cardiovascular diseases and the ongoing technological advancements are expected to propel the global tremor suppression devices market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Tremor Suppression Devices Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Product Type (Wearable Mechatronic Systems, Orthoses, Handheld External Devices), By Technology (Wearable v/s Non-Wearable), By Suppression Mechanism (Active, Semi-Active, Passive), By Body Part (Arms, Wrist, Elbow), By Distribution Channel (Retail Pharmacies, Online Pharmacies, Others), By Application (Parkinson’s Disease, Alcoholism, Multiple Sclerosis, Others) and By Region” has evaluated the future growth potential of global tremor suppression devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global tremor suppression devices market.
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