Key Insights into the Transcranial Magnetic Stimulator Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theTranscranial Magnetic Stimulator Market?
The surge in neurological conditions is predicted to fuel the expansion of the transcranial magnetic stimulator market. Transcranial magnetic stimulation (TMS), a novel procedure used for the treatment of various neurological disorders such as stroke, spasticity, migraine, dementia, and movement disorders, has shown encouraging results in managing a range of neurological and psychiatric diseases. The World Health Organisation (WHO), Switzerland’s global affairs body, stated in March 2023 that around 280 million people across the globe were dealing with depression. Additionally, the National Institute of Mental Health (NIMH), an American federal agency, reported in January 2022 that 66% of American adults aged 18 and older having major depressive episodes underwent treatment in 2021. In December 2022, research by Parkinson’s Foundation, an American non-profit organization, unveiled that the population living with Parkinson’s disease (PD) would likely rise to 1.2 million by 2030, a significant increase from 930,000 in 2020. Consequently, the escalating rates of neurological disorders are set to catalyze the growth of the transcranial magnetic stimulator market.
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#What Long-Term Growth Rate is Expected for theTranscranial Magnetic Stimulator Market Between 2025 and 2034?
In recent years, the transcranial magnetic stimulator market size has experienced substantial growth. It is projected to increase from $1.29 billion in 2024 to $1.4 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%. The previous growth period’s expansion can be credited to competitive dynamics in the market, market acceptance, regulatory modifications, clinical validation, and the development of healthcare infrastructure.
In the imminent years, a robust growth is anticipated in the transcranial magnetic stimulator market size, as it is projected to reach “$2.04 billion in 2029 with a compound annual growth rate (CAGR) of 9.9%. Factors contributing to the growth during the forecast period include investment and funding, adoption in the healthcare sector, competitive market landscape, and overall market expansion. The trending factors during the forecast period consist of clinical research, heightened mental health awareness, amendments in regulations, increasing demand for non-invasive therapies, and technological advancements.
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What Are the Current Market Growth and Trends in theTranscranial Magnetic Stimulator Market That Industry Players Should Watch?
One critical trend emerging in the transcranial magnetic stimulator market is product innovation. To maintain their market standing, companies in this market are embracing novel technologies. A case in point is the introduction of the MagVenture TMS Atlas Neuro Navigation System by MagVenture Inc., a medical equipment producer based in the US, in March 2023. This system streamlines coil positioning in transcranial magnetic stimulators through a reliable, user-friendly workflow that saves time and offers accurate, precision-based clinical applications. Atlas provides the user with increased mobility during TMS sessions by removing any line-of-sight issues. It employs cutting-edge technology to present patients with a visual representation of their MRI scan, alongside real-time monitoring of the treatment coil’s position on their head, engaging the patients more in the treatment process.
What Are the Major Market Players Making an Impact on theTranscranial Magnetic Stimulator Market Growth?
Major companies operating in the transcranial magnetic stimulator market include BrainsWay Ltd., Nexstim Plc., The Magstim Company Limited, Neuronetics Inc., TMS Neuro Solutions, MagVenture Inc., eNeura Inc., MAG & More GmbH, neurocare group AG, Axilum Robotics, Salience TMS Neuro Solutions, Terumo BCT Inc., Neurosoft, BrainsGate Ltd., NeuroStar Advanced Therapy, Neuroelectrics, Yiruide Neurotech, Rhythmia Medical, CloudTMS, Pulse TMS, Neuronavigation, MagPro Magnetics A/S, BrainSight, MindMaze, NeuroConn GmbH, Neurofield Inc., Neurotargeting LLC, Neuro-Fit Systems Inc.
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How Are the Key Segments of the Transcranial Magnetic Stimulator Market Driving Opportunities and Innovations?
The transcranial magnetic stimulator market covered in this report is segmented –
1) By Type: Deep Transcranial Magnetic Stimulator (dTMS), Repetitive TMS (rTMS), Other Types
2) By Age: Children, Adults
3) By Application: Parkinson’s Disease, Depression, Alzheimer’s Disease, Epilepsy, Other Applications
Subsegments:
1) By Deep Transcranial Magnetic Stimulator (dTMS): Systems With FDA Approval, Non-Invasive Systems, Clinical Applications
2) By Repetitive TMS (rTMS): High-frequency rTMS, Low-frequency RTMS, Clinical Applications
3) By Other Types: Theta Burst Stimulation (TBS), Single Pulse TMS, Other Emerging Technologies
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theTranscranial Magnetic Stimulator Market?# Market Expansion?
North America was the largest region in the transcranial magnetic stimulator market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global transcranial magnetic stimulator market report during the forecast period. The regions covered in the transcranial magnetic stimulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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