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Transcranial Magnetic Stimulator Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026

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Transcranial Magnetic Stimulator Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026

October 06
20:55 2022
Transcranial Magnetic Stimulator Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026
Global Transcranial Magnetic Stimulator Market Report and Forecast 2021-2026
Global Transcranial Magnetic Stimulator Market To Be Driven By Increasing Prevalence Of Neurological Disorders In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Transcranial Magnetic Stimulator Industry, Size, Share, Trends, Growth, Analysis, Research, Report and Forecast 2021-2026’, gives in-depth analysis of the global transcranial magnetic stimulator market, assessing the market based on its segments like type, application, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://bityl.co/Euwy

The key highlights of the report include:

Market Overview (2016-2026):

  • Historical Market Size (2020): USD 962.5 Million
  • Forecast CAGR (2021-2026):  9%
  • Forecast Market Size (2026): USD 1614 Million

During the forecast years, the industry is projected to expand due to an increase in the prevalence of neurological disorders. When they work for many hours on computers, IT professionals are constantly exposed to harmful radiations. In addition, today’s youth are engrossed in their cell phones.

As a result, constant exposure to radiation via devices can affect an individual’s nervous system, resulting in a variety of neurological disorders. This factor will have a long-term positive effect on industry development, as the prevalence of neurological disorders will drive up demand for transcranial magnetic stimulators.

Industry Definition and Major Segments

TMS (transcranial magnetic stimulation) is a non-invasive brain stimulation technique that uses magnetic induction forces to stimulate a specific region of the brain. Electricity is used to induce electromagnetic induction, and these signals pass through the cranium to a specific receptor region of the brain.

Explore the full report with the table of contents@ https://bityl.co/Euws

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

Based on region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The rising prevalence of neurological disorders such as schizophrenia and other disorders, the growing geriatric population leading to an increase in brain disorders associated with age, and the applications of the transcranial magnetic stimulation technique in the diagnosis and treatment of neurological disorders are expected to drive the transcranial magnetic stimulators market during the forecast period. However, one of the major constraints in the transcranial magnetic stimulators market during the forecast period is likely to be the scientifically confirmed high efficacy of electroconvulsive therapy in the treatment of psychotic depression and the rising number of patients adopting the therapy.

Because of factors such as a large patient population suffering from depression and other psychological and neurological disorders, an increasing number of devices obtaining regulatory approvals, rising demand for new and advanced stimulators, and favourable reimbursement policies, North America is expected to dominate the global transcranial magnetic stimulators market. Treatment-resistant depression affects an estimated 3.5 million to 4 million people in the United States alone, according to the Center for Disease Control and Prevention (CDC).

In the global market, there has been an increase in alliances and partnerships between companies and research universities for the advancement of devices and technology, as well as the broadening of the applications of transcranial magnetic stimulators. However, the market for transcranial magnetic stimulators in Asia Pacific is expected to grow due to an increase in the incidence of psychological disorders in the region, rising health-care spending, and increased demand for new techniques to treat these disorders.

Key Market Players

The major players in the market are Brainsway Ltd. (TLV: BWAY), Magstim, Nexstim, Inc, NeuroCare Group GmbH, MagVenture, Inc., eNeura Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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