Reports and Insights freshly added a report titled “Transcranial Magnetic Stimulator Market: Opportunity Analysis and Future Assessment 2023-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the “Transcranial Magnetic Stimulator Market” along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The transcranial magnetic stimulator market is estimated to reach at a value of US$ 1,071.0 Mn by the end of 2022 and expected to reach at a value of US$ 1,976.9 Mn by 2030 with a significant CAGR of 8.0%.
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Transcranial Magnetic Stimulator Introduction
Transcranial magnetic stimulator (TMS), also commonly known as repetitive transcranial magnetic stimulation (rTMS), can be defined as a non-invasive medical technique which serves it’s utility to prompt or provoke nerve cells in the brain employing magnetic fields to enhance the symptoms of depression.
Conventionally, TMS is employed when other clinical treatments for depression have not been worked successfully on the patient. Transcranial magnetic stimulator (TMS) is a non-invasive clinical technique and is majorly used for diagnostic and therapeutic uses.
Transcranial Magnetic Stimulator Market Dynamics
In the present age and times, there is a brisk rise in the neurological disorders among the population worldwide like Alzheimer’s and Parkinson’s disease (PD), which is primarily propelling the demand of transcranial magnetic stimulators across the global markets. Owing to which, the global transcranial magnetic stimulator market is estimated to grow rapidly in the near future.
In addition to that, the sluggish and busy lifestyle of present day’s working population is further leading its way to health disorders including, headaches, stress and anxiety, hypertension and depression, which ultimately boosts the demand of transcranial magnetic stimulators in the healthcare industry. Attributing to which, the global transcranial magnetic stimulator market is projected to witness major breakthroughs in the forthcoming years.
Moreover, the constant rise in the geriatric population as well as increasing awareness about TMS is further expected to accelerate the growth of the global transcranial magnetic stimulator market in the coming years.
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Transcranial Magnetic Stimulator Market Segmentation
The global transcranial magnetic stimulator market is segmented on the basis of type, application, age group, end-user, and region
By Type
- Deep Transcranial Magnetic Stimulator
- Repetitive Transcranial Magnetic Stimulator
- Others
By Application
- Alzheimer’s Disease
- Depression
- Parkinson’s Disease
- Epilepsy
- Others
By Age Group
- Adults
- Children
By End-User
- Research
- Diagnostics
- Therapeutics
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Transcranial Magnetic Stimulator Market Key Players
The key participating players of the global transcranial magnetic stimulator market include eNeura Inc., MagVenture A/S, Neurosoft, Brainsway, The Magstim Company Limited, MAG & More GmbH, Neuronetics, Nexstim, Axilum Robotics, neuroCare Group GmbH, among others.
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