U.S. markets closed
  • S&P 500

    4,443.11
    -12.37 (-0.28%)
     
  • Dow 30

    34,869.37
    +71.37 (+0.21%)
     
  • Nasdaq

    14,969.97
    -77.73 (-0.52%)
     
  • Russell 2000

    2,281.00
    +32.93 (+1.46%)
     
  • Crude Oil

    75.42
    -0.03 (-0.04%)
     
  • Gold

    1,750.40
    -1.60 (-0.09%)
     
  • Silver

    22.64
    -0.05 (-0.24%)
     
  • EUR/USD

    1.1699
    -0.0003 (-0.02%)
     
  • 10-Yr Bond

    1.4840
    +0.0240 (+1.64%)
     
  • GBP/USD

    1.3702
    -0.0002 (-0.02%)
     
  • USD/JPY

    110.9600
    -0.0180 (-0.02%)
     
  • BTC-USD

    42,261.25
    -987.43 (-2.28%)
     
  • CMC Crypto 200

    1,062.43
    -39.09 (-3.55%)
     
  • FTSE 100

    7,063.40
    +11.92 (+0.17%)
     
  • Nikkei 225

    30,240.06
    -8.75 (-0.03%)
     

TMS (Transcranial Magnetic Stimulator) Market ($2.02Bn by 2028) Growth Forecast at 8.8% CAGR During (2021-2028) - COVID-19 Impact and Global Analysis by TheInsightPartners.com

·7 min read

The Transcranial Magnetic Stimulator Market Growth impelled by rising prevalence of neurological disorders and growing developments in transcranial magnetic stimulation (TMS) technology; while repetitive TMS (rTMS) segment to lead TMS market during 2021–2028.

New York, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Transcranial Magnetic Stimulator (TMS) Market: Key Insights
According to our latest study on “Transcranial Magnetic Stimulator (TMS) Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Age Group, and Application,” the Transcranial Magnetic Stimulator Market is projected to reach US$ 2,029.71 million by 2028 from US$ 1,122.22 million in 2021; it is expected to register a CAGR of 8.8% from 2021 to 2028.

Transcranial Magnetic Stimulator (TMS) Market: Competitive Landscape and Key Developments
BrainsWay Ltd; Nexstim; Magstim; Neuronetics; TMS Neuro Solutions; MagVenture, Inc.; eNeura Inc.; Neurosoft; MAG & More GmbH are among the key companies operating in the transcranial magnetic stimulator (TMS) market. Leading players are focusing on product launches, expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

In March 2021, MagVenture introduced the MagVenture Flow Arm—a patent-pending, clinical positioning system— designed to optimize the delivery of MagVenture's FDA-cleared protocols for noninvasive brain stimulation technology for the treatment of major depressive disorder and as an adjunct therapy for obsessive compulsive disorder (OCD).

Get Exclusive Sample Pages of Transcranial Magnetic Stimulator Market - COVID-19 Impact and Global Analysis with Strategic Insights at https://www.theinsightpartners.com/sample/TIPRE00007242/

In 2020, North America dominated the global transcranial magnetic stimulator market due to rising government support for the treatment of neurological disorders across the countries such as the US and Canada. Neurological disorders affect the brain and nerves of the human body and cause epilepsy and seizures, Parkinson's disease, dementia, autism, Alzheimer's disease, brain tumors, and cerebral palsy, among others. The prevalence of neurological disorders is increasing across the world. According to the Global Burden of Disease Study (GBD) 2017, Alzheimer’s disease and other dementias [2.55 million Disability Adjusted Life Years (DALYs)], stroke [about 3.58 million DALYs], and migraine (about 2.40 million DALYs) were the three most burdensome neurological diseases in the US in terms of a total number of disability-adjusted life. Further, the Alzheimer's Association estimates that over 6 million Americans have Alzheimer's disease, and the number is projected to reach nearly 13 million by 2050. TMS, also referred to as repetitive transcranial magnetic stimulator (rTMS), is a type of brain stimulation in which a changing magnetic field is applied to a specific area of the brain. An electric pulse stimulator is attached to a magnetic coil, which is then connected to the scalp. It is a noninvasive procedure and is used for diagnostic and therapeutic applications.

According to BrainsWay Ltd., in April 2021, 100,000 patients across the world were treated with its Deep TMS. Moreover, depression is one of the mental disorders observed commonly among people worldwide. As per the data published by WHO in January 2020, more than 264 million people of all ages suffer from depression across the world. Thus, the growing prevalence of neurological disorders drives the growth of the transcranial magnetic stimulator market globally.

Download Sample PDF Brochure of Transcranial Magnetic Stimulator Market Growth Research Report at https://www.theinsightpartners.com/sample/TIPRE00007242/

TMS is a noninvasive procedure that helps in treating neurological disorders. Companies operating in the transcranial magnetic stimulator (TMS) market are adopting strategies such as receiving Food and Drug Administration (FDA) approvals for their innovative products, business partnerships, and raising funds for product development, which subsequently propel the market growth. The following are a few examples of developments:

• In August 2020, MagVenture TMS Therapy received FDA clearance for the adjunct treatment of Obsessive compulsive disorder (OCD). It is the second indication in the US for the Danish medical device company MagVenture.

• In February 2019, eNeura, Inc., a privately held medical technology company, announced a new 510(k) clearance from FDA. With the clearance, the company claimed that the sTMS is the only migraine product in the US for the treatment of acute and prophylactic migraine headaches in adults and children (12 years and above).

Thus, the active involvement of the global players in the development of transcranial magnetic stimulation and related technologies is expected support the market growth.

Based on type, the transcranial magnetic stimulator market is segmented into single or paired pulse TMS and repetitive TMS (rTMS). In 2021, the single or paired pulse TMS segment held a larger share of the market, by type. The repetitive TMS (rTMS) segment is also expected to witness a higher CAGR from 2021 to 2028. Based on age group, the transcranial magnetic stimulator market is segmented into adult and children. In 2021, the adult segment held a larger share of the market, by age group, and is expected to grow at a higher CAGR during the coming years. Order a Copy of Transcranial Magnetic Stimulator Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00007242/

Transcranial Magnetic Stimulator (TMS) Market: Segmental Overview
Based on application, the transcranial magnetic stimulator (TMS) market is segmented into diagnostic, therapeutic, and research. In 2021, the diagnostic segment held the largest share of the market and is expected to grow at the highest CAGR during the coming years.



Browse Related Reports:
Nerve Stimulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Deep Brain Stimulator, Vagus Nerve Stimulator, Spinal Cord Stimulator, Sacral Nerve Stimulator, Gastric Electric Stimulator); Applications (Pain Management, Dystonia, Epilepsy, Parkinson's Disease, Others); End User (Ambulatory Surgical Centers, Hospital & Clinics, Trauma Centers, Others) - https://www.theinsightpartners.com/reports/nerve-stimulator-market

Burst Mode Alternating Current Muscle Stimulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Modality (Handheld, Portable, Table Top); Application (Pain Management, Neurological Disorder, Musculoskeletal Disorder, Others); End-User (Hospitals, Ambulatory Surgical Centers, Physiotherapy Clinics, Sports Clinics, Home Care) - https://www.theinsightpartners.com/reports/burst-mode-alternating-current-muscle-stimulator-market

Functional Electrical Muscle Stimulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Handheld, Portable, Table Top); Application (Pain management, Neurological disorder, Musculoskeletal disorder, Others); End User (Hospitals, Ambulatory surgical centers, Physiotherapy clinics, Sports clinics, Home care) and Geography - https://www.theinsightpartners.com/reports/functional-electrical-muscle-stimulator-market

Portable Electric Stimulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Neuromuscular Electrical Stimulation, Functional Electrical Stimulation, Transcutaneous Electrical Nerve Stimulation, Others); End Users (Hospitals, Physiotherapy Clinics, Home settings, Others) and Geography - https://www.theinsightpartners.com/reports/portable-electric-stimulator-market

Handheld Electrical Muscle Stimulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Neuromuscular Electrical Stimulation, Functional Electrical Stimulation, Transcutaneous Electrical Nerve Stimulation, Burst Mode Alternating Current, Micro Current Electrical Neuro Muscular Stimulator, Interferential, Others); End User (Hospitals, Ambulatory Surgical Centers, Physiotherapy Clinics, Sports Clinics, Home Care) and Geography - https://www.theinsightpartners.com/reports/handheld-electrical-muscle-stimulator-market

Interferential Muscle Stimulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Modality (Handheld, Portable, Table Top); Application (Pain Management, Neurological Disorder, Musculoskeletal Disorder, Others); End-User (Hospitals, Ambulatory Surgical Centers, Physiotherapy Clinics, Sports Clinics, Home Care) - https://www.theinsightpartners.com/reports/interferential-muscle-stimulator-market

Spinal Cord Stimulator Device Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Rechargeable Spinal Cord Stimulator Device, Non-Rechargeable Spinal Cord Stimulator Device); Application (Sciatica, FBS, Arachnoiditis, Degenerative Disk Disease, Others) and Geography - https://www.theinsightpartners.com/reports/spinal-cord-stimulator-device-market

Muscle Stimulator Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Product (Functional Electrical Stimulation, Burst Mode Alternating Current, Neuromuscular Electrical Stimulation, Interferential, Micro Current EMS, Transcutaneous Electrical Nerve Stimulation, Other Products); Modality (Portable, Handheld, Table Top); Application (Neurological Disorder, Musculoskeletal Disorder, Pain Management, Other Applications), and Geography - https://www.theinsightpartners.com/reports/muscle-stimulator-market




About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release - https://www.theinsightpartners.com/pr/transcranial-magnetic-stimulator-tms-market

Connect With Us on:
LinkedIn: https://www.linkedin.com/company/7591674/admin/
Twitter: https://twitter.com/tipmarkettrends
Facebook: https://www.facebook.com/theinsightpartners/
YouTube: https://www.youtube.com/c/TheInsightPartners
RSS/Feeds: https://www.theinsightpartners.com/feed/ | https://www.biospace.com/employer/2309254/tip-knowledge-services-pvt-ltd-/