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.

Global Transcranial Magnetic Stimulator Market

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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.

Global Transcranial Magnetic Stimulator Market By Application

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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.

Global Transcranial Magnetic Stimulator Market By Region

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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:

  • Type
  • Application
  • Population
  • End User
  • Region
Breakup by Type
  • Deep Transcranial Magnetic Stimulator
  • Repetitive Transcranial Magnetic Stimulator
  • Others
Breakup by Application
  • Alzheimer’s disease
  • Depression
  • Parkinson’s disease
  • Epilepsy
  • Others
Breakup by Population
  • Adults
  • Children
Breakup by End User
  • Research
  • Diagnostics
  • Therapeutics
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • eNeura Inc.
  • Neurosoft
  • Brainsway
  • The Magstim Company Limited
  • MAG & More GmbH
  • Neuronetics
  • Nexstim
  • Axilum Robotics
  • neuroCare Group GmbH
  • Synergy Orthopedics
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*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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