The increase in the prevalence of Parkinson’s and Alzheimer’s diseases and rising awareness regarding the transcranial magnetic stimulators are driving the market.
Market Size – USD 883.4 Million in 2018, Market Growth – CAGR of 8.3%, Market Trends – Increase in patients suffering from depression.
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.
Key companies profiled in the report include
Brainsway, eNeura, MagVenture, Neurosoft, Dr. Langer Medical, MAG & More, Remed, Nexstim, Yiruide, and Neuronetics Inc.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Transcranial Magnetic Stimulators market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
Transcranial Magnetic Stimulators Market Segmentation based on Types:
Type Outlook (Revenue, USD Million; 2016-2027)
- Deep Transcranial Magnetic Stimulator (dTMS)
- Repetitive Transcranial Magnetic Stimulator
Transcranial Magnetic Stimulators Market Segmentation based on Application:
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)
- Ambulatory Surgical Centers
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Transcranial Magnetic Stimulators Market Report:
- In-depth understanding of the market size, market share, and market scope of Transcranial Magnetic Stimulators market
- Easy identification of growth opportunities and key product development strategies
- Historical and forecast data for Transcranial Magnetic Stimulators market to ease the decision making process
- Production and consumption ratio, import/export data and company’s market position explained in detailed with graphs and charts to aid in decision making
- Strategic recommendations to established players and new entrants to gain a strong foothold in the market
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