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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Transcranial Magnetic Stimulator Market Outlook
The global transcranial magnetic stimulator market size was valued at USD 1.24 billion in 2023, driven by the increasing prevalence of neurological disorders, like schizophrenia, the rising geriatric population, resulting in an increase in age-related brain disorders. The market is anticipated to grow at a CAGR of 9.1% during the forecast period 2024-2032 to reach a value of USD 2.72 billion by 2032.
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The industry growth is driven by a higher prevalence of neurological diseases like Alzheimer's and Parkinson's (PD). The rising awareness of transcranial magnetic stimulator among professionals has increased the industry growth.
Market Segmentation
Transcranial magnetic stimulation or TMS refers to a non-invasive brain stimulation technique that uses a certain brain area with magnet induction forces. Electromagnetic induction is produced by electricity from a bow, and these pulses pass through the cranium in its specified brain receptor area. There are many different ways for brain stimulation, like electroconvulsive therapy and brain stimulation techniques; however, the most commonly used approach for brain stimulation is the currently transcranial magnetic stimulation technique.
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Based on type, the industry can be divided into:
- Deep Transcranial
- Repetitive Transcranial
- Others
The industry can be broadly categorised based on its applications into:
- Alzheimer's Disease
- Parkinson's Disease
- Depression
- Epilepsy
- Others
The EMR report looks into the regional markets of transcranial magnetic stimulator like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The main drivers anticipated in the transcranial magnetic stimulator market include the increasing prevalence of neurological disorders, like schizophrenia and other disorders, the rising geriatric population, resulting in an increase in age-related brain disorders, the growing use of transcranial magnetic stimulation technique for the diagnosis and treatment of neurological disorders The high effectiveness of electroconvulsive therapy in the treatment of psychotic depression and the increasing numbers of patients taking treatment are, however, likely to be one of the key constraints of the market in transcranial magnetic stimulator during the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global transcranial magnetic stimulator market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BrainsWay Ltd.
- Magstim
- Nexstim, Inc.
- MagVenture, Inc.
- eNeura Inc.
- neurocare group AG
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Population |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global transcranial magnetic stimulator market reached a value of USD 1.24 billion in 2023.
The market is anticipated to grow at a CAGR of 9.1% during the forecast period of 2024-2032 to reach a value of USD 2.72 billion by 2032.
The major drivers of the industry such as an increasing prevalence of neurological disorders, like schizophrenia and other disorders, the rising geriatric population, resulting in an increase in age-related brain disorders, the growing use of transcranial magnetic stimulation technique for the diagnosis and treatment of neurological disorders are expected to aid the market growth.
The key market trend guiding the growth of the industry include the rising awareness of the product among professionals.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Deep transcranial and repetitive transcranial, among others, are the leading transcranial magnetic stimulator products in the industry.
Alzheimer's disease, Parkinson's disease, depression, and epilepsy, among others, are the major application segments of the product in the industry.
The major players in the industry are BrainsWay Ltd., Magstim, Nexstim, Inc., MagVenture, Inc., eNeura Inc., and neurocare group AG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124