Transcranial Magnetic Stimulators (TMS) Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3699
Transcranial Magnetic Stimulators (TMS) Market size is expected to grow significantly from 2019 to 2025.
Increasing prevalence of neurological disorders is expected to drive the industry growth during forecast years. IT professionals are continuously exposed to harmful radiations as they work for several hours on computers. Also, now-a-days, young population is engrossed in mobile phones. Thus, continuous exposure to radiations through devices may affect the nervous system of individuals leading several neurological disorders. This factor has a long term positive impact on the industry growth as increase in the prevalence of neurological disorders will escalate demand for transcranial magnetic stimulators.
Technological advancements in transcranial magnetic stimulators will positively impact the industry growth. Key industry players constantly try to introduce innovative transcranial magnetic stimulator devices that are integrated with advanced technology. For instance, several companies have developed stimulation devices that provide repetitive transcranial stimulation efficiently with 100% intensity. Moreover, companies also provide upgraded software to control magnetic stimulator. Thus, availability of technologically advanced stimulation systems will foster the industry growth. However, complications associated with transcranial magnetic stimulators may affect the industry growth to some extent.
Repetitive pulse transcranial magnetic stimulators segment is expected to witness considerable growth during the analysis period owing to benefits offered by repetitive stimulator systems. Technological advances in stimulators enable them to produce rapid and repetitive pulses that induces changes in brain without seizures. Thus, low risk of complications associated with repetitive pulse transcranial magnetic stimulators will augment the segment growth throughout the forecast timeframe.
Alzheimer segment is projected to foresee immense growth in the forthcoming years. Significant segmental growth can be attributed to the growing incidences of Alzheimer’s disease in developed as well as developing countries. Recently, several researches have been carried out for repetitive stimulator therapy in treatment of neurological disorders and the systems are under investigation. Constant innovations are being introduced in the transcranial magnetic stimulator devices that will enable faster recovery of patients suffering from neurological diseases. Aforementioned factors will boost the segment growth.
North America transcranial magnetic stimulators (TMS) market accounted for substantial revenue share in 2018. Favorable demographic trends such as increasing geriatric population will prove beneficial for the industry growth. Elderly population base is susceptible to chronic neurological diseases that elevates the demand for transcranial magnetic stimulator systems. Furthermore, positive regulatory scenario for magnetic stimulators market will trigger the regional market growth.
Some of the major players operating in the transcranial magnetic stimulators (TMS) market industry include Brainsway, Dr. Langer Medical, eNeura, MAG & More, Magstim, MagVenture, Neuronetics, Neurosoft, Nexstim, Remed and Yiruide. These key industry players often implement several strategic initiatives such as mergers and new product launch to maintain their market position. For instance, Neurosoft has launched Neuro-MS/D Advanced Therapeutic that is integrated with advanced technology. Introduction of such new products will foster company’s growth.
Transcranial Magnetic Stimulators (TMS) Market By Application, 2014-2025 (USD Million)
- Parkinson’s Disease
- Psychiatric Disorders
Transcranial Magnetic Stimulators (TMS) Market By Type, 2014-2025 (USD Million)
- Single pulse transcranial magnetic stimulators
- Repetitive pulse transcranial magnetic stimulators
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Dr. Langer Medical
- MAG & More
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