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Transcranial Magnetic Stimulator Market Size Forecasted To Achieve $2.04 Billion By 2029 With Steady Growth
Transcranial Magnetic Stimulator
What Is the Transcranial Magnetic Stimulator Market Size and Projected Growth Rate?
The Transcranial Magnetic Stimulator Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Transcranial Magnetic Stimulator Market Size and Projected Growth Rate?
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What Are the Major Segments in the Transcranial Magnetic Stimulator Market?
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
Subsegments:
1) By Deep Transcranial Magnetic Stimulator (dTMS): Systems With FDA Approval, Non-Invasive Systems, Clinical Applications
2) By Repetitive TMS (rTMS): High-frequency rTMS, Low-frequency RTMS, Clinical Applications
3) By Other Types: Theta Burst Stimulation (TBS), Single Pulse TMS, Other Emerging Technologies
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What Are The Driving Transcranial Magnetic Stimulator Market Evolution?
The expected rise in neurological disorders is anticipated to spur the expansion of the transcranial magnetic stimulator market. Transcranial magnetic stimulation (TMS) technique has exhibited optimistic outcomes in addressing various neurological and psychiatric disorders. This innovative technique is used in the management of several neurological situations like stroke, spasticity, migraine, dementia, and movement ailments. For example, the World Health Organization, based in Switzerland, declared in March 2023 that depression affects approximately 280 million people globally. Also, according to the US-based federal agency, National Institute of Mental Health (NIMH), in January 2022, 66% of US adults aged 18 and above who experienced major depressive episodes in 2021 received treatments. Additionally, a research by Parkinson's Foundation, a US-based non-profit entity, in December 2022, showed that the population living with Parkinson's disease (PD) is projected to rise to 1.2 million by 2030, up from 930,000 in 2020. With this expected surge in neurological diseases, the transcranial magnetic stimulator market is set to see significant growth.
Which Firms Dominate The Transcranial Magnetic Stimulator Market Segments?
Major companies operating in the transcranial magnetic stimulator market include BrainsWay Ltd., Nexstim Plc., The Magstim Company Limited, Neuronetics Inc., TMS Neuro Solutions, MagVenture Inc., eNeura Inc., MAG & More GmbH, neurocare group AG, Axilum Robotics, Salience TMS Neuro Solutions, Terumo BCT Inc., Neurosoft, BrainsGate Ltd., NeuroStar Advanced Therapy, Neuroelectrics, Yiruide Neurotech, Rhythmia Medical, CloudTMS, Pulse TMS, Neuronavigation, MagPro Magnetics A/S, BrainSight, MindMaze, NeuroConn GmbH, Neurofield Inc., Neurotargeting LLC, Neuro-Fit Systems Inc.
What Trends Are Expected to Dominate the Transcranial Magnetic Stimulator Market in the Next 5 Years?
The emergence of product developments is becoming a prevalent trend in the transcranial magnetic stimulator market. Corporations in this market are employing innovative technologies to maintain their competitive edge. For example, in March 2023, the U.S. medical appliance producer, MagVenture Inc., unveiled its MagVenture TMS Atlas Neuro Navigation System. The device streamlines the positioning of the transcranial magnetic stimulator coil with an efficient, highly-specific operation process that is both trustworthy and user-friendly. It delivers clinical usage with high fidelity and precision. The Atlas system allows operators increased flexibility during TMS procedures by negating issues related to visual line-of-sight. It incorporates sophisticated technology to give patients a visual representation of their MRI scan, in conjunction to real-time monitoring of the treatment coil's alignment to the patient's head, facilitating patient involvement in the procedure.
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Which Is The Largest Region In The Transcranial Magnetic Stimulator Market?
North America was the largest region in the transcranial magnetic stimulator market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global transcranial magnetic stimulator market report during the forecast period. The regions covered in the transcranial magnetic stimulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Transcranial Magnetic Stimulator Market?
2. What is the CAGR expected in the Transcranial Magnetic Stimulator Market?
3. What Are the Key Innovations Transforming the Transcranial Magnetic Stimulator Industry?
4. Which Region Is Leading the Transcranial Magnetic Stimulator Market?
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