TRANSCRANIAL MAGNETIC STIMULATOR MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Transcranial Magnetic Stimulation (TMS) is a non-invasive and painless brain stimulation technique that uses magnetic fields to stimulate specific regions of the brain. It has gained significant attention and popularity in recent years for its potential therapeutic applications in treating various neurological and psychiatric disorders. TMS has shown promising results in treating conditions such as depression, anxiety, chronic pain, and Parkinson's disease.

Market Dynamics:

The transcranial magnetic stimulator market is driven by several factors. Firstly, the increasing prevalence of neurological and psychiatric disorders is a major driver for the market growth. With the rising burden of these disorders, there is a growing need for effective treatment options like TMS. Additionally, advancements in TMS technology are playing a crucial role in the market growth. The development of more advanced and precise TMS devices is enabling healthcare professionals to target specific brain regions with greater accuracy, thus enhancing treatment outcomes.

However, there are certain factors restraining the market growth. The high costs associated with TMS treatment and the limited awareness among healthcare providers about the benefits of TMS are some of the challenges faced by the market. Moreover, the lack of reimbursement policies for TMS treatments in some regions hinders its widespread adoption.

Despite these challenges, the market presents ample opportunities for growth. Increasing investments in research and development activities to explore new applications of TMS and the growing demand for personalized medicine are creating favorable market conditions. Moreover, the expansion of healthcare infrastructure in emerging economies and the rising awareness among patients about non-invasive treatment options are expected to drive the market further.

For instance, on June 21, 2023, BrainsWay, a global leader in advanced non-invasive neurostimulation treatments for mental health disorders, announced significant expansion of its technology platform through the recent order of 30 new Deep Transcranial Magnetic Stimulation (Deep TMS) systems for the treatment of Major Depressive Disorder (MDD) by a large TMS network of clinics based in the Western and Central U.S.

Key Features of the Study:

• This report provides an in-depth analysis of the global transcranial magnetic stimulator market, and provides market size (US$ Mn) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global transcranial magnetic stimulator market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Magstim, BrainsWay, Nexstim Plc, Neuronetics, Inc., Remed, MAG & More GmbH, MagVenture A/S, Neurosoft, NEUROLITE AG, Axilum Robotics, Rogue Research Inc., Soterix Medical, eNeura, Inc., and NEUROPREX INC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global transcranial magnetic stimulator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global transcranial magnetic stimulator market

Detailed Segmentation:

• By Type
• • Deep Transcranial Magnetic Stimulator (dTMS)
  • Repetitive Transcranial Magnetic Stimulator (rTMS)
  • Others
• By Application
• • Depression Treatment
  • Tinnitus Treatment
  • Alzheimer's Disease Treatment
  • Epilepsy Treatment
  • Stroke Rehabilitation
  • Parkinson’s Disease Treatment
  • Others
• By Frequency
• • Low-frequency RTMS
  • High-frequency RTMS
• By End User
• • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Others
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top Companies in the Transcranial Magnetic Stimulator Market
• • Magstim
  • BrainsWay
  • Nexstim Plc
  • Neuronetics, Inc.
  • Remed
  • MAG & More GmbH
  • MagVenture A/S
  • Neurosoft
  • NEUROLITE AG
  • Axilum Robotics
  • Rogue Research Inc
  • Soterix Medical
  • eNeura, Inc.
  • NEUROPREX INC.