Global Tremor Suppression Devices Market to dominated by Wearable technology till 2026
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.
According to TechSci Research report, “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”, the global tremor
suppression devices market is expected to witness a growth of steady CAGR for
the forecast period, 2022-2026. Tremor is defined as uncontrollable rhythmic
movement, and it can affect different body parts, including legs, hands, face,
or head. 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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