Transcranial Magnetic Stimulator Market Analysis: Major Players, Lucrative Segments And Top Geographies
26 Jul, 2023
The global transcranial magnetic stimulator 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%.
Global Transcranial Magnetic Stimulator Market Key Driver
The rising prevalence of neurological illnesses is projected to propel the transcranial magnetic stimulator market forward. TMS has demonstrated promising outcomes in the treatment of a variety of neurological and mental diseases. It is a novel treatment method for a variety of neurological illnesses including stroke, spasticity, migraine, dementia, and movement problems.
Get a sample of the global transcranial magnetic stimulator market reportGlobal Transcranial Magnetic Stimulator Market Segments
The global 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
4) By Geography: The regions covered in the transcranial magnetic stimulator market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global transcranial magnetic stimulator market.
Major Transcranial Magnetic Stimulator Industry Players
BrainsWay Ltd., Nexstim Plc., The Magstim Company Limited, Neuronetics Inc., TMS Neuro Solutions, MagVenture Inc., eNeura Inc., MAG & More GmbH, neurocare group AG, Beckman Coulter Inc., Axilum Robotics, Salience TMS Neuro Solutions, Terumo BCT Inc.
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Transcranial Magnetic Stimulator Market Overview
Transcranial magnetic stimulators (TMS) are non-invasive medical devices that employ magnetic waves to activate neurons in the nervous system in order to alleviate symptoms of depression. Transcranial magnetic stimulator (TMS) devices are used to activate neurons in the nervous system in order to alleviate symptoms of depression and other mental health and brain-related diseases.
Transcranial Magnetic Stimulator Global Market Report 2023 provides data on the global transcranial magnetic stimulator market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The transcranial magnetic stimulator market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.