Reports
Global Transcranial Magnetic Stimulator Market: By Product: Deep Transcranial, Repetitive Transcranial, Others; By Application: Alzheimer's Disease, Parkinson's Disease, Depression, Epilepsy, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Transcranial Magnetic Stimulator Market Outlook
The global transcranial magnetic stimulator market attained a value of around USD 962.5 million in 2020. The industry is further expected to grow in the forecast period of 2023-2028 at a CAGR of 9% to reach USD 1614 million by 2026.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
| Breakup by Product | Deep Transcranial, Repetitive Transcranial, Others |
| Breakup by Application | Alzheimer's Disease, Parkinson's Disease, Depression, Epilepsy, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BrainsWay Ltd., Magstim, Nexstim, Inc., MagVenture, Inc., eNeura Inc., neurocare group AG, Others. |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Transcranial Magnetic Stimulator Market Analysis
8.1 Key Industry Highlights
8.2 Global Transcranial Magnetic Stimulator Historical Market (2018-2022)
8.3 Global Transcranial Magnetic Stimulator Market Forecast (2023-2028)
8.4 Global Transcranial Magnetic Stimulator Market by Product
8.4.1 Deep Transcranial
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Repetitive Transcranial
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Transcranial Magnetic Stimulator Market by Application
8.5.1 Alzheimer’s Disease
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Parkinson’s Disease
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Depression
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Epilepsy
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Transcranial Magnetic Stimulator Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Transcranial Magnetic Stimulator Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Transcranial Magnetic Stimulator Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Transcranial Magnetic Stimulator Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Transcranial Magnetic Stimulator Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Transcranial Magnetic Stimulator Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BrainsWay Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Magstim
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Nexstim, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 MagVenture, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 eNeura Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 neurocare group AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Transcranial Magnetic Stimulator Market: Key Industry Highlights, 2018 and 2028
2. Global Transcranial Magnetic Stimulator Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Transcranial Magnetic Stimulator Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Transcranial Magnetic Stimulator Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Transcranial Magnetic Stimulator Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Transcranial Magnetic Stimulator Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Transcranial Magnetic Stimulator Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Transcranial Magnetic Stimulator Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Transcranial Magnetic Stimulator Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Transcranial Magnetic Stimulator Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Transcranial Magnetic Stimulator Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Transcranial Magnetic Stimulator Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Transcranial Magnetic Stimulator Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Transcranial Magnetic Stimulator Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Transcranial Magnetic Stimulator Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Transcranial Magnetic Stimulator Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Transcranial Magnetic Stimulator Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Transcranial Magnetic Stimulator Market Structure
Key Questions Answered in the Report
In 2020, the global transcranial magnetic stimulator market attained a value of nearly USD 962.5 million.
The market is projected to grow at a CAGR of 9% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 1614 million by 2026.
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.
Analyst Review
The global transcranial magnetic stimulator market attained a value of USD 962.5 million in 2020, driven by an increasing prevalence of neurological disorders, like schizophrenia and other disorders. Aided by the growing use of transcranial magnetic stimulation technique for the diagnosis and treatment of neurological disorders, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 9%. The market is projected to reach USD 1614 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the industry can be segmented into deep transcranial, repetitive transcranial, and others. On the basis of applications, the industry is segregated into Alzheimer's disease, Parkinson's disease, depression, and epilepsy, among others. The major regional markets for transcranial magnetic stimulators are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BrainsWay Ltd., Magstim, Nexstim, Inc., MagVenture, Inc., eNeura Inc., and neurocare group AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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