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Current and Future Scope of Paresthesia Treatment Market | It’s Projected to Grow at a CAGR Of 7.2% | Forecast to 2023
Global Paresthesia Treatment Market -Scenario
Paresthesia is a neurological disorder in which spontaneous or evoked abnormal sensations occur in the body. In worst cases, the symptom can become chronic and life-time. Additionally, the presence of diseases like diabetes, arthritis, and cancer increases the possibility of this diseases.
The global paresthesia treatment market is chiefly driven by increasing prevalence of diabetes, cancer, and other chronic diseases, rising geriatric population, and changing lifestyle. Excess smoking and alcohol consumption, the government support for research & development, and lack of proper diet & exercise have fueled the growth of the global market. However, strict regulatory rules and long drug approval time may hinder the market growth during the review period.
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Global Paresthesia Treatment Market -Segmentation
The Global Paresthesia Treatment Market is segmented on the basis of types, treatments, and end users. On the basis of types, the market is segmented into acute paresthesia, chronic paresthesia. On the basis of treatments, the market is segmented into immunosuppressant, anticonvulsants, tropical creams, antivirals, and others.
Immunosuppressant is further classified into prednisone, intravenous gamma globulin, and others. Topical creams are further classified into lidocaine, prilocaine, and others. On the basis of end users, the market is segmented into hospitals, clinics, diagnosis centers, and others.
Global Paresthesia Treatment Market -Key Players
Medtronic (UK)
Omron Healthcare, Inc. (US)
Boston Scientific Corporation (US)
Stimwave LLC, (US)
Nevro Corp. (US)
Cyberonics, Inc. (US)
EnteroMedics Inc. (US)
St. Jude Medical, LLC. (US)
Bio-Medical Research Ltd. (UK)
Baxter (US)
Stryker (US)
GlaxoSmithKline plc. (UK)
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Global Paresthesia Treatment Market -Regional Analysis
America dominates the global paresthesia treatment market owing to the huge patient population with neurological and metabolic diseases. According to the American Diabetic Association, in 2012, 29 million Americans had diabetes, which is 9.3% of total America population. Increasing prevalence of diabetes and arthritis, rising geriatric population, and rapid development in the medical sector drive the growth of the market.
Europe accounts for the second largest market, which is followed by Asia Pacific. The government support for the research & development of innovative drug has encouraged the market in Europe. Asia Pacific witness the fastest growth owing to the presence of huge opportunities for the market development and rapidly growing economies.
Major Points form Table of Content of Global Paresthesia Treatment Market
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Paresthesia Treatment Market, By Type
Chapter 7. Global Paresthesia Treatment Market, By Treatment
Chapter 8 Global Paresthesia Treatment Market, By End User
Chapter 9. Global Paresthesia Treatment Market, By Region
Chapter 10 Company Landscape
Chapter 11 Company Profiles
Chapter 12 MRFR Conclusion
Chapter 13 Appendix
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