Transcranial Magnetic Stimulator Market to grow at a CAGR of 13.7% by 2025 and would be worth US$ 497.80 million
Transcranial Magnetic Stimulator Market Insights Covering Market Dynamics and Competitive Scenario with industry trends and Forecast To 2025
Houston, United States – June 18, 2018 /MarketersMedia/ —
“Transcranial Magnetic Stimulator Market” By Technique (Single/Paired Pulse TMS, Repetitive TMS [RTMS]); By Age-Group (Adults, Children); By Application (Research, Diagnostic [Stroke, Multiple Sclerosis, Neurological Diseases], Therapeutic [Depression, Migraine, Obsessive Compulsive Disorder (OCD), Schizophrenia, Post-Traumatic Stress], Other Psychiatry Diseases) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2017-2025
Transcranial magnetic stimulation (TMS) is a non-intrusive technique for brain stimulation which uses magnetic induction forces concentrating on a specific region of the brain. The electromagnetic induction is produced from a coil using electricity and these pulses travel through the head to its predefined receptor area of the brain. Numerous distinct strategies for brain stimulation are accessible including electroconvulsive treatment and deep brain stimulation techniques; be that as it may, presently, the transcranial magnetic stimulation procedure is the most generally adopted strategy for brain stimulation.
In terms of revenue, Global TMS Market was valued at US$ 159.84 Mn in 2016 and is anticipated to reach US$ 497.80 Mn by 2025, expanding at a CAGR of 13.7% from 2017 to 2025. The North America Market alone is forecast to be worth $XX billion in 2025, accounting for XX% of the overall Transcranial Magnetic Stimulator market. Global TMS Market is segmented on the basis of technique into Single/Paired Pulse TMS and Repetitive TMS (rTMS). Among these, Repetitive TMS Segment represented the major share of the Global Transcranial Magnetic Stimulator Market in 2016 and is anticipated to hold the largest share of the overall market throughout the forecast period. On the basis of age-group, the Adults segment is expected to dominate the overall market throughout the prognosis period. On the basis of Application, the Therapeutic Segment is anticipated to be the dominant segment in the said period.
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Major factors anticipated to drive the TMS market amid the estimated time frame are rising prevalence of neurological disorders including schizophrenia & different disorders, surging geriatric population leading to increase in brain disorders associated with age, developing usage of the TMS technique in diagnosis and treatment of neurological issue, and new and innovatively advanced devices presented by manufacturers, for example, neuro-navigating stimulators in the worldwide market. Notwithstanding, clinically demonstrated high proficiency of electroconvulsive therapy (ECT) in the treatment of psychotic depression and rising number of patients receiving the treatment are probably going to be one of the major limitations of the TMS Market amid the gauge time frame.
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The market is relied upon to keep prospering in developed and emerging economies of the world. North America is evaluated to be the biggest market owing to the factors such as a large patient pool suffering from depression and other psychological & neurological disorders, increasing number of devices receiving regulatory approvals, rising demand for new and advanced simulators, and favorable reimbursement policies. Nonetheless, rising occurrence of psychological disorders in Asia Pacific, rising healthcare expenses, an increase in demand for new strategies for the treatment of these disorders are relied upon to enlarge the transcranial magnetic stimulators market in Asia Pacific over 2017-2025.
The report provides both, qualitative and quantitative research of the Market, as well as encompasses worthy insights into the rational scenario and favored improvement methods adopted by key contenders. Some of the primary players of Global Transcranial Magnetic Stimulator Market are Brainsway Ltd., MagVenture A/S, Nexstim plc, Axilum Robotics, Neuronetics, Inc., TMS Neuro Solutions and Magstim among others.
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