Research Nester assesses the growth and market size of the global wearable tremor therapy market which is anticipated to be on account of the growing prevalence of ET
Research Nester’s recent market research analysis on “Wearable Tremor Therapy Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global wearable tremor therapy market in terms of market segmentation by product type, body part, distribution channel, and by region.
Growing Technological Advancement to Promote Global Market Share of Wearable Tremor Therapy
The global wearable tremor therapy market is estimated to grow majorly on account of increased technological advancement. Inventions of smart devices such as smart glasses, smart watches, and pressure shoes among others are also driving the market forward. With the rapid development of Internet technology and the advent of machine learning, wearable technology has been widely used in various fields and attracted explosive demand. In the United States, the FDA issues guidelines on mobile health applications, and to date, these guidelines contain non-binding recommendations. The FDA intends to exercise discretion over mobile health applications that help organize and track patient health information. TREMOR12 - concussion assessment application, capable of detecting and recording concussion characteristics such as acceleration, rotation, rotation speed, and gravity in a simple, non-boring way. This application is compatible with current European Union regulatory surveillance guidelines (MEDDEV regulations) and Food and Drug Administration (FDA) guidance on mobile health applications. This factor is also expected to contribute to promoting market growth.
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Some of the major growth factors and challenges that are associated with the growth of the global wearable tremor therapy market are:
Growth Drivers:
• Surge in Awareness about Wearable Tremor Therapy
• Rising in Technological Advancement
Challenges:
The long-term safety and efficacy of wearable tremor therapy devices are still being studied. More clinical evidence is needed to demonstrate the benefits of these devices and convince insurance companies to cover them. This is predicted to hamper the market growth in the upcoming period. Besides, the high cost of wearable tremor therapy devices and competition from other treatment options are some of the major factors anticipated to hamper the global market size of wearable tremor therapy.
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By product type, the global wearable tremor therapy market is segmented into wearable mechatronic system, gloves, orthoses, and handheld external devices. The gloves segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. About 70% of patients with Parkinson's disease have tremors in the early stages of the disease, and more than 25% have tremors with activity, most commonly in the hands, making them unable to perform daily activities. New glove innovations using an array of motors and sensors, capable of tracking intentional movements and distinguishing them from unintentional movements, are being developed. To maintain the accuracy of the gloves and contribute to the development of the software that controls them, real patient data will be used. Gloves designed specifically for each patient are a factor driving demand growth in this segment.
By region, the Asia Pacific wearable tremor therapy market is to generate substantial revenue by the end of 2036. This market's expansion can be mostly attributable to rising healthcare costs in the APAC region as a result of the area's growing urbanization. In addition, it is anticipated that rising hospital spending on healthcare and the dispensation of medications to the elderly will fuel market expansion in the coming years. Furthermore, the expansion of the old population and the increasing evolution in the lifestyles of people residing in the Asia Pacific region are also driving the market growth of the wearable tremor therapy market in the future times. Changes in lifestyle and a growing geriatric population leads to the prevalence of deadly health issues such as brain injury, Parkinson’s disease, essential tremor, and much more. The demand for wearable tremor therapy significantly rises leading to increasing growth in the market in the review time period.

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This report also provides the existing competitive scenario of some of the key players of the global wearable tremor therapy market which includes company profiling of Klick Health, Five Microns Inc., GYROGEAR Ltd., Indeigogo Inc., Microsoft Inc., Lift Labs, Neater Solutions, Steadiwear Inc., Readi-Steadi LLC., and others.
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