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Research Reports

Transcranial Magnetic Stimulators Market Size To Reach USD 1.82 Billion By 2027 – Reports and Data

Published by news degree

Posted on August 6, 2021

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The increase in the prevalence of Parkinson’s and Alzheimer’s diseases and rising awareness regarding the transcranial magnetic stimulators are driving the market.

The global Transcranial Magnetic Stimulators Market is forecast to reach USD 1.82 Billion by 2027, according to a new report by Reports and Data. Transcranial magnetic stimulation is a non-invasive surgery widely used for the treatment of the brain and neurological diseases. It uses a magnetic field to stimulate nerve cells in the brain and reduce chronic pain.

The demand for the transcranial magnetic stimulator has increased owing to the rising prevalence of neurological diseases. Increase in awareness regarding health, growing population, and changing lifestyle has further driven the market for transcranial magnetic stimulation. Neurological and mental disorders are becoming quite common across the globe, owing to the increased life expectancy and rapidly changing lifestyle.

There are several medical factors influencing the growth of the transcranial magnetic stimulator market directly. Neurological disorders are the leading cause of disability and death across the globe currently. Increase in the patient suffering from Alzheimer’s, Multiple Sclerosis, Cerebrovascular, Parkinson’s, and Epilepsy, provide ample growth opportunities for the market.

Europe is the second-largest market witnessing moderate growth for the transcranial magnetic stimulator market. The governments in Europe are coming up with some of the initiatives to educate and to raise awareness regarding the neurological diseases. One of the initiatives, such as the European Parkinson’s Disease Association, is actively supporting research and development by campaigning to generate awareness and provide medication to patients.

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Further key findings from the report suggest

Deep transcranial magnetic stimulation is a non-invasive, non-drug, yet effective treatment for depression patients. It is a type of brain stimulation technique where pulsed magnetic fields are generated by a coil placed on the scalp. This current essentially activates the neuronal circuits at the stimulation site, resulting in symptom improvement.
Transcranial magnetic stimulation uses magnetic fields to invigorate nerve cells in the brain to enhance symptoms of depression. It is generally used when different forms of depression treatments haven’t been effective. This treatment for depression involves delivering repetitive magnetic pulses, so it’s called repetitive TMS or rTMS.
Depression can be treated, but for some people, standard treatments aren’t effective. Repetitive TMS is used when standard treatments such as medications and psychotherapy don’t work.
Hospitals held the largest market share owing to the growing investments in the healthcare sector by the government. Surge in the number of hospitals across the globe and rapid modernization of it in the emerging nations are propelling the demand of the segment in the market. Hospitals are generally equipped with efficient professionals at all times to help patients with the procedure.
Asia Pacific is anticipated grow at the fastest CAGR of 9.5% during the forecast period. Growing healthcare tourism, changing lifestyle, increase in the prevalence of chronic diseases, heavy investments in the transcranial magnetic stimulator, and a large number of product launches are some of the key factors supporting the growth in the region.
Key participants include Brainsway, eNeura, MagVenture, Neurosoft, Dr. Langer Medical, MAG & More, Remed, Nexstim, Yiruide, and Neuronetics Inc., among others.

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For the purpose of this report, Reports and Data have segmented into the global Transcranial Magnetic Stimulators Market on the basis of type, application, end-user, and region:

Type Outlook (Revenue, USD Million; 2016-2027)

Deep Transcranial Magnetic Stimulator (dTMS)
Repetitive Transcranial Magnetic Stimulator

Application Outlook (Revenue, USD Million; 2016-2027)

Alzheimer’s Disease
Parkinson’s Disease
Depression Disease
Epilepsy Disease

End-User Outlook (Revenue, USD Million; 2016-2027)

Hospitals
Ambulatory Surgical Centers
Clinics

Regional Outlook (Revenue, USD Million; 2016-2027)

North America
- U.S
Europe
- UK
- France
Asia Pacific
- China
- India
- Japan
MEA
Latin America
- Brazil

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Benefits of Transcranial Magnetic Stimulators Market Report:

Panoramic overview of the opportunities and risks in the Transcranial Magnetic Stimulators sector
Study of recent innovations and developments in the industry
Comprehensive study of the growth pattern of the Transcranial Magnetic Stimulators industry
In-depth assessment of the competitive landscape of the key players of the Transcranial Magnetic Stimulators industry
Analysis of the Transcranial Magnetic Stimulators market drivers, constraints, and opportunities
Assessment of technological developments and latest trends of the industry

Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.

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About Reports and Data

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