The Transcranial Magnetic Stimulator Global Market Report 2023, provides comprehensive information on the transcranial magnetic stimulator market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Transcranial Magnetic Stimulator Global Market Report 2023, the market size is expected to grow from $1.09 billion in 2022 to $1.20 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions and affecting many markets across the globe. The global transcranial magnetic stimulator market size is expected to reach $1.70 billion in 2027 at a CAGR of 9.1%.
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Product innovations are a key trend gaining popularity in the transcranial magnetic stimulator market. Companies operating in the transcranial magnetic stimulator market are adopting new technologies to sustain their position in the market. For instance, in March 2023, MagVenture Inc., a US-based medical equipment manufacturer, introduced the MagVenture TMS Atlas Neuro Navigation System. This system optimizes transcranial magnetic stimulator coil positioning with a time-saving, high-precision workflow that is reliable and easy to use. It provides high precision and accuracy for clinical use. Atlas provides the operator with a greater range of movement during TMS treatments by eliminating line-of-sight concerns. It uses advanced technology to provide patients with a visual depiction of their MRI scan as well as real-time tracking of the treatment coil to their head position, allowing them to be more involved in the procedure.
The transcranial magnetic stimulator market 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
North America was the largest region in the transcranial magnetic stimulator market in 2022.
The table of contents in TBRC’s transcranial magnetic stimulator market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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