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
Top 5 Major Players:
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
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Transcranial Magnetic Stimulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Transcranial Magnetic Stimulator Market, Segmentation By Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Transcranial Magnetic Stimulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: BrainsWay Ltd. Financial Performance
Table 75: Nexstim Plc. Financial Performance
Table 76: The Magstim Company Limited Financial Performance
Table 77: Neuronetics Inc. Financial Performance
Table 78: TMS Neuro Solutions Financial Performance
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