Global Transcranial Magnetic Stimulator Market By Type (Deep Transcranial Magnetic Stimulator, Repetitive Transcranial Magnetic Stimulator, Others), Application (Alzheimer’s Disease, Depression, Parkinson’s Disease, Epilepsy, Others), Age Group (Adults, Children), End-Users (Research, Diagnostics, Therapeutics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East & Africa), Market Trends and Forecast to 2027
Market Analysis and Insights of Global Transcranial Magnetic Stimulator Market
Transcranial magnetic stimulator market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 1904.61 million by 2027 growing at a CAGR of 8.90% in the above-mentioned forecast period. Rising cases of neurological disorders is expected to create new opportunity for the market.
Transcranial magnetic stimulator is a non-invasive method which is used to induce nerve cells in the brain using magnetic fields to improve depression symptoms. Typically, TMS is used when other treatments for depression have not been successful.
Increasing awareness about transcranial magnetic stimulator among professionals is expected to drive market. Some of the factors such as increasing cases of schizophrenia, technological advancement in transcranial magnetic stimulator devices, rising ageing population, less risk complication associated with the repetitive pulse transcranial magnetic stimulators, and rising prevalence of epilepsy is expected to drive the market growth.
Growing shift towards electroconvulsive therapy can hamper the market growth in the mentioned forecast period.
This transcranial magnetic stimulators market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research transcranial magnetic stimulators market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Transcranial Magnetic Stimulators Market Scope and Market Size
Transcranial magnetic stimulators market is segmented on the basis of type, application, age group and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the market is segmented into deep transcranial magnetic stimulator, repetitive transcranial magnetic stimulator and others
- Based on application, the transcranial magnetic stimulators market is segmented into Alzheimer’s disease, depression, Parkinson’s disease, epilepsy and others
- Basis of age group, the transcranial magnetic stimulators market is segmented into adults and children
- On the basis of end- users, the market is segmented into research, diagnostics and therapeutics
Transcranial Magnetic Stimulators Market Country Level Analysis
Transcranial magnetic stimulators market is analysed and market size insights and trends are provided by type, application, age group and end-users as referenced above.
The countries covered in the transcranial magnetic stimulators market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the transcranial magnetic stimulators market in the forecast period of 2020 to 2027. This is due to availability of skilled & trained professionals, favourable reimbursement policies and increasing adoption of advanced products. Asia-Pacific is expected to witness highest CAGR due to increasing government initiatives and growing medical tourism.
The country section of the transcranial magnetic stimulators market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Transcranial magnetic stimulators market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for transcranial magnetic stimulators market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the transcranial magnetic stimulators market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Transcranial Magnetic Stimulators Market Share Analysis
Transcranial magnetic stimulators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to transcranial magnetic stimulators market.
The major players covered in the transcranial magnetic stimulators market report eNeura Inc., MagVenture A/S, Neurosoft, Brainsway, The Magstim Company Limited, MAG & More GmbH, Neuronetics, Nexstim, Axilum Robotics, neuroCare Group GmbH, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Transcranial Magnetic Stimulator Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.