The Transcranial Magnetic Stimulator Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Global Market Report for Transcranial Magnetic Stimulators in 2024, the transcranial magnetic stimulator market has experienced robust growth in recent years, projecting an increase from $1.2 billion in 2024 to $1.32 billion in the same year, manifesting a compound annual growth rate (CAGR) of 9.8%. This growth in the historical period can be ascribed to dynamic market competitiveness, the embracement of market innovations, regulatory adjustments, clinical substantiation, and the evolution of healthcare infrastructure.
Forecasts indicate a steadfast expansion in the transcranial magnetic stimulator market size in the forthcoming years, surging to $1.86 billion by 2028, reflecting a CAGR of 9.0%. The anticipated growth in the prognosticated period can be delineated by increased investment and funding, healthcare assimilation, competitive market expansions, and the overarching trends of clinical research, heightened mental health cognizance, regulatory adaptations, burgeoning demand for non-invasive therapeutic modalities, and technological advancements.
The increasing prevalence of neurological diseases is expected to drive the growth of the transcranial magnetic stimulator market. Transcranial magnetic stimulation (TMS) has shown promising results in treating various neurological and psychiatric illnesses. It is a new technique used to treat various neurological conditions such as stroke, spasticity, migraine, dementia, and movement disorders. For instance, in March 2024, WHO, a Switzerland-based international affairs body, stated that approximately 280 million people worldwide suffered from depression. Also, in January 2022, according to the National Institute of Mental Health (NIMH), a US-based federal agency, 66% of US adults aged 18 or older with major depressive episodes received treatment in 2021. Furthermore, in December 2022, a study by Parkinson's Foundation, a US-based non-profit organization, revealed that the number of people living with Parkinson's disease (PD) is estimated to increase to 1.2 million by 2030, up from 930,000 in 2020. Therefore, the increasing prevalence of neurological diseases is expected to propel the growth of the transcranial magnetic stimulator market.
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The transcranial magnetic stimulator market covered in this report is segmented –
1) By Type: Deep Transcranial Magnetic Stimulator (dTMS), Repetitive TMS (rTMS), Other Types
2) By Age: Children, Adults
3) By Application: Parkinson’s Disease, Depression, Alzheimer’s Disease, Epilepsy, Other Applications
A salient trend within the transcranial magnetic stimulator market is the ascendancy of product innovations. Firms operating within this sphere are increasingly leveraging novel technologies to fortify their market foothold. Notably, in March 2024, MagVenture Inc., a prominent US-based medical equipment manufacturer, unveiled the MagVenture TMS Atlas Neuro Navigation System. This groundbreaking system optimizes transcranial magnetic stimulator coil positioning through a time-saving, high-precision workflow that is both dependable and user-friendly. It affords clinicians heightened precision and accuracy during treatment, enhancing the patient experience by granting them greater visibility into their MRI scans and real-time tracking of treatment coil positioning relative to their head, thereby fostering increased patient engagement in the therapeutic process.
The transcranial magnetic stimulator market report table of contents includes:
1. Executive Summary
2. Transcranial Magnetic Stimulator Market Characteristics
3. Transcranial Magnetic Stimulator Market Trends And Strategies
4. Transcranial Magnetic Stimulator Market - Macro Economic Scenario
5. Global Transcranial Magnetic Stimulator Market Size and Growth
......
31. Global Transcranial Magnetic Stimulator Market Competitive Benchmarking
32. Global Transcranial Magnetic Stimulator Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Transcranial Magnetic Stimulator Market
34. Transcranial Magnetic Stimulator Market Future Outlook and Potential Analysis
35. Appendix
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The global Transcranial Magnetic Stimulator Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the transcranial magnetic stimulator market include Brainsway, Dr. Langer Medical, eNeura, MAG & More, Magstim, MagVenture, Neuronetics, Neurosoft, Nexstim, Remed, Yiruide, S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Transcranial Magnetic Stimulator Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/transcranial-magnetic-stimulator-market/download-sampleMarket DynamicsMajor factors that are responsible for boosting the growth of the market over the forecast period are rising pervasiveness of neurological issue including schizophrenia and different issue, flooding geriatric populace prompting expanding cerebrum issue related with age, developing utilizations of the transcranial attractive incitement strategy in conclusion and treatment of the neurological problem, good repayments, and new and mechanically propelled items presented by producers, for example, neuro-exploring triggers in the worldwide market.
However, more patients choosing electroconvulsive therapy can create problems for the growth of the market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.Additionally, these tools also give inclusive assessment of each segment in the global market of transcranial magnetic stimulator.Browse Global Transcranial Magnetic Stimulator Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/transcranial-magnetic-stimulator-marketMarket SegmentationThe report segments the transcranial magnetic stimulator market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.By TypeSingle pulse transcranial magnetic stimulatorsRepetitive pulse transcranial magnetic stimulatorsBy ApplicationTinnitusAlzheimerParkinson’s DiseasePsychiatric DisordersStrokeOthersRegional AnalysisThis section covers regional segmentation which accentuates on current and future demand for transcranial magnetic stimulator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Further, the report focuses on demand for individual application segment across all the prominent regions.Purchase Complete Global Transcranial Magnetic Stimulator Market Research Report at https://www.valuemarketresearch.com/contact/transcranial-magnetic-stimulator-market/buy-nowAbout Us:Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.Contact:Value Market Research401/402, TFM, Nagras Road, Aundh, Pune-7.Maharashtra, INDIA.Tel: +1-888-294-1147Email: [email protected]: https://www.valuemarketresearch.com
The new report by Expert Market Research titled, ‘Global Transcranial Magnetic Stimulator Market Report and Forecast 2021-2026’, gives in-depth analysis of the global transcranial magnetic stimulator market, assessing the market based on its segments like type, application, and major regions.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/transcranial-magnetic-stimulator-market-report/requestsampleThe key highlights of the report include:Market Overview (2016-2026):Historical Market Size (2020): USD 962.5 MillionForecast CAGR (2021-2026): 9%Forecast Market Size (2026): USD 1614 MillionDuring the forecast years, the industry is projected to expand due to an increase in the prevalence of neurological disorders.
This factor will have a long-term positive effect on industry development, as the prevalence of neurological disorders will drive up demand for transcranial magnetic stimulators.Industry Definition and Major SegmentsTMS (transcranial magnetic stimulation) is a non-invasive brain stimulation technique that uses magnetic induction forces to stimulate a specific region of the brain.
Electricity is used to induce electromagnetic induction, and these signals pass through the cranium to a specific receptor region of the brain.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/transcranial-magnetic-stimulator-market-reportBased on type, the industry can be divided into:Deep TranscranialRepetitive TranscranialOthersThe industry can be broadly categorised based on its applications into:Alzheimer's DiseaseParkinson's DiseaseDepressionEpilepsyOthersBased on region, the market is segmented into:North AmericaEuropeAsia PacificLatin AmericaMiddle East and AfricaMarket TrendsThe rising prevalence of neurological disorders such as schizophrenia and other disorders, the growing geriatric population leading to an increase in brain disorders associated with age, and the applications of the transcranial magnetic stimulation technique in the diagnosis and treatment of neurological disorders are expected to drive the transcranial magnetic stimulators market during the forecast period.
Because of factors such as a large patient population suffering from depression and other psychological and neurological disorders, an increasing number of devices obtaining regulatory approvals, rising demand for new and advanced stimulators, and favourable reimbursement policies, North America is expected to dominate the global transcranial magnetic stimulators market.
However, the market for transcranial magnetic stimulators in Asia Pacific is expected to grow due to an increase in the incidence of psychological disorders in the region, rising health-care spending, and increased demand for new techniques to treat these disorders.Key Market PlayersThe major players in the market are Brainsway Ltd. (TLV: BWAY), Magstim, Nexstim, Inc, NeuroCare Group GmbH, MagVenture, Inc., eNeura Inc., among others.
