Wearable Tremor Therapy Market - Global Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 - 2030

Wearable Tremor Therapy  Market
  • To Be Published : Feb-2021 |
  • Status : Work in progress |
  • Format : Wearable Tremor Therapy  Market Wearable Tremor Therapy  Market Wearable Tremor Therapy  Market Wearable Tremor Therapy  Market

Essential tremor is a disorder associated with the nervous system also referred to as a neurological disorder. Main symptom of essential tremor is involuntary and rhythmic shaking of body parts. Most commonly affected body part is hands, and trembling is seen while doing simple tasks like eating or drinking something or tying shoelaces.

Essential tremor is generally not a dangerous disease, but it can worsens with time. It can be even severe in some people. Essential tremor is usually confused with Parkinson's disease. Essential tremor occur a person uses his hands while Tremors from Parkinson's disease occur in resting position of hands. Genetic mutation and age are the two main risk factors for essential tremors. Its occurrence is more common in people above the age of 40 years. If a parent has essential tremor condition it is likely to get transferred in children in 50% of the cases. Tremor control devices that can be worn on arms and wrists provide the invasive treatment characteristic for the condition.

The emerging interest in non- pharmacological approaches for conditions like essential tremors will tend to grow the wearable tremor therapy market. Wearable tremor therapy devices offer a joint multidisciplinary platform having engineering, physiology, robotics, physiotherapy, and clinical evaluation for meeting non-pharmacological intrusions for essential tremor. These tremors have more occurrence of 4% prevalence in old people (above 65 years). ET has an incidence rate of 616 in 100000 population. Increasing geriatric population, increasing prevalence of essential tremor and non-responsive pharmacological treatments are definite factors that will drive the Wearable tremor therapy market. The usually recommended treatments like propranolol often proves to be in effective and develops drug tolerance. 

As many patients poorly respond to such medications there is a growing attractiveness towards Wearable tremor therapy options and contribute in driving the market. However lack of sufficient evidence regarding the efficacy of Wearable tremor therapy devices can majorly restrain the market growth. The validation studies done on Wearable tremor therapy devices should consider same scientific research methodology like used for clinical trials. Only then there can be an adequate level of evidence of the data. Poor understanding of such technologies amongst people who are less literate especially in the lower economic regions can restrict the Wearable tremor therapy market growth.

The global Wearable tremor therapy market is segmented on the basis of product type, Application, End User and Geography:

Wearable tremor therapy market Segmentation by Product Type

  • Wearable mechatronic systems
  • Orthoses
  • Handheld external devices

Wearable tremor therapy market Segmentation by body part

  • Arms
  • Wrist
  • Elbow

Wearable tremor therapy market Segmentation by distribution channel

  • Pharmacies
  • Online pharmacies
  • E-commerce and online purchase

The Wearable tremor therapy market is going to witness massive growth in the coming decade. Many bioelectronic medicine companies are focused on developing wearable therapies for chronic diseases like essential tremors. Among product type Wearable mechatronic systems captures the highest market share in terms of revenue. These mechatronic systems Wearable tremor devices are neuro modulation treatments are totally non- invasive. The non-invasiveness feature makes them the most opportunistic factor for the market players. Wrist wearables are the most popular Wearable tremor therapy devices followed by arms and elbows. Pharmacies among all distribution channels is the lucrative source as generally these Wearable tremor therapy devise are available on prescription. The Wearable tremor therapy market is anticipated to grow significantly over the forecast period.

North America will show the highest revenue for Wearable tremor therapy market, as the prevalence of essential tremor is more in the region and increased funding in bioelectronics studies makes it a leader. After North America, the Europe region will show the robust growth for Wearable tremor therapy market in the recent years, due to availability of extensive R&D activities and better healthcare infrastructure in the European countries. Asia pacific countries like China and India, may show increasing demand for Wearable tremor therapy as these regions are experiencing better healthcare expenditure and healthcare awareness.  

Wearable tremor therapy market: Key players

Some of the major key players competing in the global Wearable tremor therapy market are Cala Health, Inc, Trequant, Klick Health, Five Microns, Inc, Indiegogo, Inc and GYROGEAR LTD

The report covers exhaustive analysis on:

  • Wearable tremor therapy Market Segments
  • Wearable tremor therapy Market Dynamics
  • Historical Actual Market Size, 2015 - 2019
  • Wearable tremor therapy Market Size & Forecast 2020 to 2030
  • Wearable tremor therapy Agents Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Wearable tremor therapy Market Drivers and Restraints

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Report Highlights:

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies for key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

Wearable Tremor Therapy Market

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