Essential Tremor Treatment Market: Current Analysis and Forecast (2021-2027)
Emphasis on Type (Propranolol & Primidone, SAGE-324, Sepranolone, Others); Application (Research Center, Clinic, Hospital, Others); and Region & Country.
Essential Tremor Treatment Market is expected to exceed the market valuation of more than US$ XX million in 2027 and is expected to grow at a significant CAGR of XX% during the forecast period (2021-2027). The increasing geriatric population is the main cause for the increase in ET cases. According to global data in 2019, 141 cities in the United States and Canada are projected to have an old-age dependency ratio of more than 30% by 2025. In Canada, the elderly population was higher than the number of children in 2018, and the same is expected to happen in the United States over the next two decades.
There are approximately 10 million Americans who are currently suffering from ET. Among the various types of tremors, essential tremors are the most common. However, there are still many cases of misdiagnosis of tremors. The Canadian Journal of Neuroscience published that general neurologists could misdiagnose treatments for essential tremors 25-35% of the time. Very few medications are currently available for ET, however, technological advancements are growing and so are the treatments. As more medications are being approved and launching in the market the essential tremor treatment market is growing at a significant rate.
Prevalence of Essential Tremors, By Age group, 2017
Cleveland Clinic, CenterWatch, Sage Therapeutics Inc., Neurocrine Biosciences Inc, Mayo Clinic, Merz Pharma GmbH and Co KgaA, and UVA Health System are some of the prominent players operating in the Essential Tremor Treatment market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Type, NBI-640756 segment holds the major share”
Based on Type, the essential tremor treatment market is segmented into NBI-640756, SAGE-217, Sepranolone, and Others. Amongst types, the NBI-640756 segment of the market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027. NBI-640756 by Neurocrine Biosciences has completed its phase I trial on up to 32 healthy volunteers. The product shows promise once launched in the market. More than 5% of the world population is affected by ET and additionally, 50-60% of essential tremor patients have a close relative also affected by ET.
“Amongst Application, hospitals segment holds the major share”
Based on Application, the essential tremor treatment market is segmented into Research Center, Clinics, Hospitals, and Others. Amongst application, Hospitals accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analyzed period.
“North America represents one of the largest markets of Essential Tremor Treatment Market”
For a better understanding of the market dynamics of the Essential Tremor Treatment Market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. North America dominated the market and grabbed around XX% market share owing to an increase in the geriatric population and the prevalence of essential tremors.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
Essential Tremor Treatment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Essential Tremor Treatment market were the three major steps undertaken to create and analyze the adoption of Essential Tremor Treatment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Essential Tremor Treatment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Essential Tremor Treatment through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Essential Tremor Treatment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of Essential Tremor Treatment in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Essential Tremor Treatment. Further, we conducted factor analysis using dependent and independent variables such as the rise of the geriatric population and the development of new treatments. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Essential Tremor Treatment sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Essential Tremor Treatment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Essential Tremor Treatment across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Essential Tremor Treatment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Essential Tremor Treatment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and their type of the Essential Tremor Treatment market.
The main objective of the Essential Tremor Treatment Market Study
The current & future market trends of Essential Tremor Treatment were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Essential Tremor Treatment in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and their subtypes
- Define and analysis of the regulatory framework for the Essential Tremor Treatment industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Essential Tremor Treatment market for the major region
- Major regions studied in the report include North America (U.S, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Others), and the Rest of World
- Company profiles of the Essential Tremor Treatment market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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