The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s transcranial magnetic stimulator market report forecasts the transcranial magnetic stimulator market size to grow to $1.70 billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Transcranial Magnetic Stimulator Market Report 2023 – https://www.thebusinessresearchcompany.com/report/transcranial-magnetic-stimulator-global-market-report

Transcranial Magnetic Stimulator Market Size Forecast
The global transcranial magnetic stimulator market size is expected to grow from $1.09 billion in 2022 to $1.20 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions and affecting many markets across the globe. The global transcranial magnetic stimulator market size is expected to reach $1.70 billion in 2027 at a CAGR of 9.1%.

North America held the largest transcranial magnetic stimulator market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Transcranial Magnetic Stimulator Market Driver ­– Increase In The Prevalence Of Neurological Diseases
For instance, in March 2023, WHO, a Switzerland-based international affairs body, stated that approximately 280 million people worldwide suffered from depression. Also, in January 2022, according to the National Institute of Mental Health (NIMH), a US-based federal agency, 66% of US adults aged 18 or older with major depressive episodes received treatment in 2021. Furthermore, in December 2022, a study by Parkinson’s Foundation, a US-based non-profit organization, revealed that the number of people living with Parkinson’s disease (PD) is estimated to increase to 1.2 million by 2030, up from 930,000 in 2020. Therefore, the increasing prevalence of neurological diseases is expected to propel the growth of the transcranial magnetic stimulator market.

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Key Transcranial Magnetic Stimulator Market Trend – Product Innovations
Product innovations are a key trend gaining popularity in the transcranial magnetic stimulator market. Companies operating in the transcranial magnetic stimulator market are adopting new technologies to sustain their position in the market.

Transcranial Magnetic Stimulator Market Segment
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

Transcranial Magnetic Stimulator Market Major Players and Strategies
Major players in the transcranial magnetic stimulator market are BrainsWay Ltd., Nexstim Plc., The Magstim Company Limited, Neuronetics Inc., TMS Neuro Solutions, MagVenture Inc., eNeura Inc., MAG & More GmbH, neurocare group AG, Beckman Coulter Inc., Axilum Robotics, Salience TMS Neuro Solutions, and Terumo BCT Inc.

The Transcranial Magnetic Stimulator Global Market Report 2023 covers regional data on transcranial magnetic stimulator market size, transcranial magnetic stimulator market trends and drivers, opportunities, strategies, and transcranial magnetic stimulator market competitor analysis. The countries covered in the transcranial magnetic stimulator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Transcranial magnetic stimulators (TMS) are non-invasive medical devices that employ magnetic waves to activate neurons in the nervous system in order to alleviate symptoms of depression.

View More Reports Related To The Transcranial Magnetic Stimulator Market –
Mental Health Apps Global Market Report 2023
Behavioral And Mental Health Software Global Market Report 2023
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