Wearable Tremor Therapy Market Scope
Wearable tremor therapy is handheld interface, developed as a mechanical treatment for people with Parkinson's disease (PwPD) who have hand tremors. Tremors aren't necessarily dangerous, but they do signal a significant problem in certain situations. Current therapies for parkinsonian tremor, such as therapy and brain surgery, have demonstrated differing degrees of efficacy and come at the risk of serious side effects and complications. Patients who do not respond to medicine and do not have serious enough symptoms to warrant surgery can benefit from wearable technology for tremor suppression. Tremor suppression systems are generally available for elbow and wrist tremor.
The Wearable Tremor Therapy market study is segmented by Type (Wrist Mechatronic Systems and Orthotic Gloves) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States & United Kingdom Players will contribute to the maximum growth of Global Wearable Tremor Therapy market throughout the predicted period.
Microsoft Inc. (United States), Cala Health Inc. (United States), Lift Labs (Google) (United States), Neater Solutions (United Kingdom), GyroGear (United Kingdom), Steadiwear Inc. (Canada), Readi-Steadi LLC (United States) and Five Microns (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Wearable Tremor Therapy market by Type, Application and Region.
On the basis of geography, the market of Wearable Tremor Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increasing Geriatric Population
Market Drivers
- Prevalence of Tremor Among Adults
- Advance Features Due to Technical Progress
- Growing Healthcare Awareness
Opportunities
- Low Penetration in Emerging Economies
- Limited Competition
Restraints
- Technical Barriers to New Entrants
Challenges
Key Target Audience
Wearable Tremor Device Manufactures, New Entrants and Investors, Wearable Tremor Device Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others