Global Tremor Proof Devices Market : Industry Analysis, Growth, Segmentation And Forecast (2020-2026)

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Global Tremor Proof Devices Market : Industry Analysis, Growth, Segmentation and Forecast (2020-2026)

Global Tremor Proof Devices Market was valued at $xx Mn in 2020 and is expected to reach $xx Mn by 2026, at a CAGR of xx%.
Market Introduction and Overview

Tremor is defined as an unintended, rhythmic muscle movement. Hand tremor affects millions of people worldwide and is one of the most spread disease among the population of patients diagnosed with movement illnesses. Tremor can affect different parts of the body, including hands, legs, head, or face.According to the U.S. Department of Health and Human Services, in some patients, tremor happens in conjunction with a neurological disorder, while in other patients it happens due to the use of certain drugs. Tremor is seen in nearly 5% of the population over the age of 40 years.

The increasing prevalence of brain injury, Parkinson’s disease, and other brain disorders are growing the market for tremor-proof devices. Rising awareness in patients about the disease, growing research and development activities, and growing demand for technological devices such as wearable sensor devices, gloves are key factors for driving the market demand. According to WHO, cardiovascular diseases are one of the leading causes of strokes and deaths globally. 37% of deaths are caused due to cardiovascular diseases leading to stroke. Inventions of smart devices such as smart glasses, smartwatches, and pressure shoes among others are also driving the market upwards. These devices contain both special hardware and software technology, with unique functions of collecting data, processing data, storage, and transmission. With rapid developments of Internet technology and the advent of machine learning, wearable technology has been widely used in various fields and has brought a booming demand.

In the USA, the FDA offers guidance on mobile medical applications which to date still contains nonbinding recommendations. The FDA intends to exercise enforcement discretion on mobile medical apps that help to organize and track patients' health information. TREMOR12- a tremor evaluating an app, is able to detect and register tremor characteristics such as acceleration, rotation, rotation speed, and gravity in a simple and non-burdensome way. The app is compatible with current regulatory oversight by the European Union (MEDDEV regulations) and the Food and Drug Administration (FDA) guidance on mobile medical applications. This factor is also expected to contribute to market growth.

The report contains detailed analysis of Strengths, Weakness and opportunities of the key players operating in the Tremor Proof Devices market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers and the key challenges.
The report has profiled key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.
Global Tremor Proof Devices Market Segment Analysis

By product, the gloves segment is expected to register a CAGR of xx% in the forecast period. About 70 percent of Parkinson’s patients experience tremors in the early stages of the disease, and more than 25 percent have action tremors, most often in the hands, restricting them from performing everyday activities. New innovations in gloves by using a series of motors and sensors, able to track voluntary movements and distinguish them for involuntary ones are developed. To maintain the accuracy of the glove and to help develop the software that controls them, real data from patients is used. Custom-designed gloves for each patient is an in-demand factor boosting the segment growth.

By applications, the Parkinson’s disease segment is expected to drive the market demand by xx% in the forecast period. The increasing prevalence of neurodegenerative disorders is driving the market growth. According to CDC, nearly one million will be living with Parkinson's disease (PD) in the U.S. by 2020, which is more than the combined number of people diagnosed with multiple sclerosis, muscular dystrophy, and Lou Gehrig's disease (or Amyotrophic Lateral Sclerosis), approximately 60,000 Americans are diagnosed with PD each year and more than 10 million people worldwide are living with PD. The tremor that occurs in Parkinson’s disease is different than almost all other tremors because it is a “resting tremor,” present primarily at rest. The increasing graph of patient numbers is boosting the segment growth, thereby surging the market.

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Global Tremor Proof Devices Market

Segmentation

The Global Tremor Proof Devices is segmented based on-
Global Tremor Proof Devices Market Product type

• Gloves
 Air pocket
 Metal Skeleton
 Fingerless glove
• Utensils
• Others
Global Tremor Proof Devices Market Technology

• Wearable
• Non-wearable
Applications

• Parkinson’s Disease
• Multiple Sclerosis
• Cerebral Palsy
• Others
End-users

• Hospitals
• Diagnostic Laboratories
• Life Sciences
• R&D
Global Tremor Proof Devices Market Regional Insights

Global Tremor Proof Devices Market

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Global Tremor Proof Devices Market1

North America accounted for the largest share of xx% in 2020, the reason being the rising prevalence of neural disorders. Investments by key players in this field have boosted the market growth. Factors such as technological advancements, robust healthcare infrastructure, growing prevalence of central nervous system cancer, and the presence of highly qualified and experienced neurosurgeons are driving the region’s growth. Increasing cases of targeted diseases like brain tumours, neurodegenerative diseases, and malignant tumours are propelling the market growth. Owing to these factors and increased awareness, the Tremor Proof Devices Market is growing.

The Asia Pacific is also expected to witness significant growth during the forecast period due to the increasing geriatric population and rising health care expenditures. The allocation of a large amount of healthcare expenditure for hospitals and dispensing medicines to the elderly is expected to drive the market demand.
Key players operating in the Global Tremor Proof Devices Market

• Google (Lift Labs)
• Neater Solutions
• RBF Healthcare LTD
• ONGs Company

The report also helps in understanding Global Tremor Proof Devices Market dynamics, structure by analysing the market segments and project the Global Tremor Proof Devices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tremor Proof Devices Market make the report investor’s guide.

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