The Essential Tremor Treatment with Ultrasound Market size is forecast to reach $1.67 billion by 2025, growing at a CAGR of 4.27% during the forecast period 2020-2025. Essential Tremors (ET) is also known as benign tremor, familial tremor, and idiopathic tremor. Essential tremors are involuntary trembling in one or more parts of the body. With rapid technological advancements occurring in the field of medicine, an increasing number of neurological disorders among persons is the major factor driving the growth of the market. The increasing prevalence of disease-causing a high requirement of necessary equipment for treatment purposes is set to further enhance the overall market demand for the Essential Tremor Treatment With Ultrasound Market during the forecast period 2020-2025.
Essential Tremor Treatment with Ultrasound Market Segment Analysis - By Indication
The Head segment held the largest share in the Essential Tremor Treatment with Ultrasound Market in 2019 and is estimated to grow at a CAGR of 5.03% during the forecast period 2020-2025. Essential Tremor is a nerve disorder characterized by uncontrollable shaking, or tremors in different parts and on different sides of the body. The thalamus is a structure deep in the brain that coordinates and controls muscle activity. The uncontrollable shaking associated with ET is not unique to this condition. Many different factors or diseases can also cause tremors, including Parkinson's disease, multiple sclerosis, fatigue after exercise, extreme emotional distress, brain tumors, some prescription drugs, metabolic abnormalities, and alcohol or drug withdrawal. Essential tremor primarily presents as a kinetic tremor of the upper extremities, meaning it appears when one move throughout various daily activities. The tremor typically oscillates between 4 and 12 Hz, with the frequency of the tremor being inversely proportional to one’s age. The tremor can also present as an intention tremor, increasing in magnitude and frequency as the patient voluntarily moves their arm or hand closer to specific objects or points. The Head is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
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Essential Tremor Treatment with Ultrasound Market Segment Analysis - By End User
The Hospital segment held the largest share in the Essential Tremor Treatment with Ultrasound Market in 2019. Diagnosing essential tremors at the hospital involves reviewing the medical history, family history, and symptoms and conducting a physical examination. There are no medical tests to diagnose essential tremor. Diagnosing it is often a matter of ruling out other conditions that could be causing your symptoms. Occupational therapists at the hospital can help one adapt to living with essential tremor. Therapists might suggest adaptive devices to reduce the effect of tremors on daily activities. The Hospital is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
Essential Tremor Treatment with Ultrasound Market Segment Analysis - By Geography
North America dominated the Essential Tremor Treatment with Ultrasound Market in 2019 with a share of more than 39.10%, followed by Asia Pacific owing to the increase in incidences of neurological & cardiovascular diseases. Advancement in technology, and increasing number of aging population is also increasing the growth of the Essential Tremor Treatment with Ultrasound Market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the fast growing medical and healthcare industries.
Essential Tremor Treatment with Ultrasound Market Drivers
Increasing number of neurological disorders
An increasing number of neurological disorders is increasing the growth of the Essential Tremor Treatment with Ultrasound Market. Essential tremor is a disorder of the brain that causes a rhythmic trembling of the hands, arms, head, voice, legs, or trunk. It is not related to Parkinson's disease. Treatments focus on reducing symptoms and maximizing quality of life. Neurological disorders (NDs) are the leading cause of death and disability in the world today. People live longer and, accordingly, suffer dementia more often than several decades ago, Vasily Vlassov explained. Another reason is the growing population. The more people, the more diseases are registered.Thus, increasing the growth of the Essential Tremor Treatment with Ultrasound Market during the forecast period 2020-2025.
Improving healthcare facility, and rising expenditure level for significant growth
Improving healthcare facility, and rising expenditure level for significant growth is increasing the growth of the Essential Tremor Treatment with Ultrasound Market. Improving patient care has become a priority for all health care providers with the overall objective of achieving a high degree of patient satisfaction. Greater awareness among the public, increasing demand for better care, keener competition, more health care regulation, the rise in medical malpractice litigation, and concern about poor outcomes are factors that contribute to this change. The quality of patient care is essentially determined by the quality of infrastructure, quality of training, competence of personnel and efficiency of operational systems. The fundamental requirement is the adoption of a system that is ‘patient orientated’. Thus, increasing the growth of the Essential Tremor Treatment with Ultrasound Market during the forecast period 2020-2025.
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Essential Tremor Treatment with Ultrasound Market Challenges
Lack of trained professionals in underdeveloped & remote areas, and possibility of other tissues getting damaged after using ultrasound techniques
Some of the factors that is set to impede the growth of the Essential Tremor Treatment with Ultrasound Market are lack of trained professionals in underdeveloped & remote areas and the possibility of other tissues getting damaged after using ultrasound techniques. The high cost required to set up procurement of ultrasound equipment and their accessories along with relevant technologies is set to hinder the growth of the Essential Tremor Treatment with Ultrasound Market
Essential Tremor Treatment with Ultrasound Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Essential Tremor Treatment with Ultrasound Market. In 2019, the Essential Tremor Treatment with Ultrasound Market share is consolidated by the top player present in the market. Essential Tremor Treatment with Ultrasound Market, the top 10 companies are InSightec Ltd, Merz Pharma GmbH & Co KgaA, Neurocrine Biosciences Inc, Sage Therapeutics Inc, and Dopa Solutions among others.
Acquisitions/Product Launches
In April 2018, Oil Seeds International Inc. acquired Louis Dreyfus Company which owns and operates oilseeds crushing and refining facilities.
Key Takeaways
The North America dominated the Essential Tremor Treatment with Ultrasound Market in 2019 owing to the increase in incidences of neurological & cardiovascular disease and extensive growth in healthcare expenditure. The Essential Tremor Treatment with Ultrasound Market scope for different regions will be provided in the final report.
Rapidly advanced technology & better clinical outcomes and a rise in awareness among people regarding associated benefits are likely to aid in the market growth of the Essential Tremor Treatment with Ultrasound Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Essential Tremor Treatment with Ultrasound Market report.
Lack of trained professionals in underdeveloped & remote areas and the possibility of other tissues getting damaged after using ultrasound techniques are poise to create hurdles for the Essential Tremor Treatment with Ultrasound Market.
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