What is Wartenberg Wheels Market?
Wartenberg wheel is an instrument historically used in neurological exams. It consists of a wheel with a series of sharp spikes that can be rolled over the skin to assess a patient’s response to the sensation. This device is not in common use due to concerns about sterility between patients, although some neurologists work with a disposable plastic version if they find it useful for some testing. Other alternative options can include sterilized pins or needles discarded after each use. A growing neurological disorder in people is anticipating the growth of the market in the forecast period.
The market study is being classified by Type (Classic, Bipolar and Others), by Application (Individuals, Hospitals, Clinics and Others) and major geographies with country level break-up.
American Diagnostic Corporation (ADC) (United States), Honsun (China), Sklar Instruments (United States), Spirit Medical (Taiwan), Gowllands Medical Devices (United Kingdom), Baseline (United Kingdom), Integra York PA, Inc. (United States), Bowers Medical Supply (Canada), Allheart (United States) and Golden (India) Surgicals (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are American Diagnostic Corporation (ADC), Sklar Instruments, and Spirit Medical. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Wartenberg Wheels market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wartenberg Wheels market by Type, Application and Region.
On the basis of geography, the market of Wartenberg Wheels 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Neurological Disorder among the People
- Rising Healthcare Spending by Various Government
Market Trend
- Rising Use of the Plastic Material for Wartenberg Wheels
Restraints
- Presence of Various Treatments for Neurological Disorder
Opportunities
- Technological Advancement and Development by the Various Manufacturers in Wartenberg Wheels
Challenges
- Fluctuating Raw Material Prices
Key Target Audience
Electrical panel Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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