Tremor Proof Devices Market to Witness Steady Growth During the Forecast Period 2017-2025
Tremor proof devices are used to conduct diagnosis or research on involuntary rhythmic muscle movement. Tremor proof devices play an important role in biotechnology and medical device industries. Semi active wearable devices and heavy pen design technologies are used extensively for research of diseases which causes tremors such as stroke, brain injury, Parkinson’s, alcoholism, multiple sclerosis, drugs, brain disorder, and others. Wearable device techniques, such as Semi-Active Wearable Tremor Mitigation Glove is a modern engineered technique that mainly analyzes gaps in treatment options, decreases the intensity of the tremors, and increases the patient’s dexterity and confidence. New developments in the medical device field are paving the way for earlier diagnosis and treatment of disease.
High prevalence brain injury, Parkinson’s disease, cerebral palsy, multiple sclerosis, brain disorder, as well as rising patient awareness, growing research and development initiatives, and growing demand for diagnostic and technological devices such as wearable tremor mitigation gloves and devices is the most important driving factor for the tremor proof devices market. According to WHO, cardiovascular disease is one of the leading cause of death and stroke globally. In 2016, out of the 16 million deaths under the age of 70 years due to non-communicable diseases, 37% were caused by cardiovascular diseases which can lead to stroke. According to a April 2017 report of the Yissum Research Development Company of the Hebrew University of Jerusalem, 17 million people globally suffer from cerebral palsy and 10 million suffer from Parkinson’s. Growth in technologies such as wearable devices will fuel the overall tremor proof devices market. Cost of tremor proof devices and sensitivity toward storage conditions is expected to hamper the growth of this market.
The tremor proof devices market has been segmented by product type, technology type, application type, end-users, and geography. In terms of product type, the market is classified into gloves (air pocket, metal skeleton, fingerless glove), utensils, and others. In terms of technology type, the market is classified into wearable and non-wearable. In terms of application, the tremor proof devices market is classified into Parkinson’s, multiple sclerosis, cerebral palsy, and others. Parkinson’s disease is a fast growing application segment because of increasing prevalence of Parkinson’s disease globally. According to the Parkinson's Disease Foundation, there are more than 10 million people worldwide living with Parkinson's disease. Incidences of the disease increases with age but 4% of the people with Parkinson’s disease are diagnosed before the age of 50. In terms of end users, the market is classified into diagnostic laboratories, hospitals, home care, life sciences, and research & development.
Geographically, the tremor proof devices market is classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global tremor proof devices market due to sophisticated infrastructure, prevalence of Parkinson’s disease among the geriatric population, and patient awareness with high per capita healthcare expenditure. Early-phase diagnosis and treatment of disease is driving the medical biotechnology market which in turn is expected to drive the tremor proof devices market in North America. Europe is the second largest market for tremor proof devices as there are favorable government policies regarding healthcare infrastructure, rise in research and development on mental disorders, and awareness of cerebral palsy the among population. The market in Asia Pacific is expected to grow at a higher rate due to rising geriatric population, changing lifestyles, rising awareness among patients, and increasing per capita expenditure. In addition, economic growth is supporting healthcare infrastructure improvement in developing countries such as India and China. Thus, all the above mentioned factors collectively support the growth of the tremor proof devices market which can propel the growth rate of the Asia Pacific region by 2025.
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Major players operating in the tremor proof devices market include Google (Lift Labs), Neater Solutions, RBF Healthcare Ltd, and Ong’s Company.
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