Bell’s Palsy Diagnosis and Treatment Market - Introduction
Bell's palsy is a severe weakness or paralysis of the nerve that controls the facial muscles on the both side of the face. General signs of Bell's palsy are weakening of muscles on any side of the face, loose mouth or eyelid on one side, or dribbling from one side of the mouth. Several disorders such as stroke, Lyme disease, myasthenia gravis, and brain tumor can cause Bell’s palsy or facial paralysis. Bell's palsy is the most common cause of acute facial nerve paralysis and is the most common acute mono-neuropathy (a disorder involving only one nerve).
Bell’s palsy is also known as an idiopathic unilateral facial nerve paralysis. In few cases, less than 1%, Bell’s palsy can occur jointly causing entire facial paralysis. An inflammatory situation leads to inflammation of the face nerve. The facial nerve compression and swelling in the narrow bone canal could lead to nerve damage, inhibition, or death.
Bell’s Palsy Diagnosis and Treatment Market - Competition Landscape
Boston Scientific Corporation
Boston Scientific Corporation develops, manufactures, and markets medical devices utilized in a broad range of interventional procedures worldwide. It offers over 13,000 products in medical specialties such as urology, cardiology, pulmonology, neurology, gynecology, orthopedic, endoscopic, intervention radiology, and vascular surgery. Boston Scientific Corporation has manufacturing plants in 12 countries across the globe and offices in around 40 countries.
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Astellas Pharma Inc.
Astellas Pharma Inc. is a pharmaceutical company involved in the manufacture and sale of pharmaceutical products in Japan, the U.S., Europe, China, Korea, and Taiwan through its subsidiaries. The company engages in the research and development of pharmaceuticals through its subsidiaries. Astellas Pharma Inc. has its own Sources in more than 50 countries and about 6,000 medical representatives around the world. The company has 36 competitive new molecules in the pipeline
LivaNova PLC (LivaNova) is a medical technology company formed through the merger of Sorin S.p.A. and Cyberonics Inc. The company designs, develops, manufactures, and sells therapeutic solutions in the fields of cardiac surgery, cardiac rhythm management, and neuromodulation. The company’s research and development (R&D) is focused on product enhancement, developing less invasive and new technologies for new and emerging markets, and developing technical enhancements and new uses for existing products. The organization operates globally across 100 countries
Key players in the global Bell’s palsy diagnosis and treatment market are Boston Scientific Corporation, BioControl Medical, tVNS Technologies GmbH, LivaNova PLC, and Astellas Pharma, Inc. Increase in investments by key players is expected to boost the growth of the global Bell’s palsy diagnosis and treatment market during the forecast period.
Bell’s Palsy Diagnosis and Treatment Market – Market Dynamics
Increasing Reimbursement for Cardiologic Anomalies (Facial paralysis, Bell’s palsy, etc.) are likely to Drive the Market.
The global Bell ’s palsy diagnosis and treatment market is majorly driven by the high prevalence of cardiovascular diseases, cumulative inflammation rates, growing rate of strokes, the launch of technically advanced devices, and growing penetration by market players. Moreover, factors such as government initiatives and support, and increasing reimbursement for cardiologic anomalies are likely to drive the Bell’s palsy diagnosis and treatment market.
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Lack of Awareness is Expected to hamper the Bell ’s palsy Diagnosis and Treatment market in Emerging Economies
The major restrains of the global Bell ’s palsy diagnosis and treatment market are lack of awareness and low availability of treatment in emerging economies such as Colombia, Brazil, Chile, Hungary, India, Indonesia, Malaysia, Peru, Mexico, Philippines, South Africa, Thailand, Russia, and Turkey.
Bell’s Palsy Diagnosis and Treatment Market - Segmentation
The global Bell’s palsy diagnosis and treatment market can be segmented into:
- Diagnostic test
In terms of treatment, the global Bell’s palsy diagnosis and treatment market can be classified into:
- Antiviral Drugs
- Physical Therapy
Corticosteroids such as prednisone are powerful anti-inflammatory agents used to treat Bell’s palsy and help in reducing the swelling of facial nerves. Corticosteroids have shown positive outcomes for the treatment of Bell’s palsy if started within a few days of symptom occurrence. Physical therapy can help individuals suffering from Bell’s palsy in improving coordination and enhance mobility. Paralyzed muscles can shorten and shrink, causing everlasting contractures. A physical therapist can teach an individual suffering from Bell’s palsy how to exercise and massage facial muscles to help prevent this from occurring. In terms of diagnostic test, the market can be divided into:
- Imaging tests
- Magnetic Resonance Imaging (MRI),
- Computed Tomography (CT) Scan
- Positron Emission Tomography (PET) Scan
Based on end-user, the global Bell’s palsy diagnosis and treatment market can be segmented into:
- Ambulatory Surgical Centers
- Diagnostic Centers
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.