The global Transcranial Magnetic Stimulation System Marketstudy analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Deep Transcranial Magnetic Stimulator, Repetitive Transcranial Magnetic Stimulator, Others), By Application (Alzheimer’s Disease, Depression, Parkinson’s Disease, Epilepsy, Others), By Age group (Adults, Children).
The transcranial magnetic stimulation (TMS) system market is experiencing notable growth in 2024, driven by advancements in neuromodulation technologies, psychiatric treatments, and the growing acceptance of non-invasive brain stimulation therapies for depression, anxiety disorders, and neurological conditions. Transcranial magnetic stimulation systems encompass medical devices that deliver repetitive magnetic pulses to specific brain regions, modulating neuronal activity, and neurotransmitter pathways associated with mood regulation, cognition, and motor function, offering patients with treatment-resistant depression (TRD) or obsessive-compulsive disorder (OCD) an alternative to pharmacotherapy or electroconvulsive therapy (ECT). With innovations in coil design, stimulation parameters, and navigational systems, the market is witnessing rapid expansion and adoption of transcranial magnetic stimulation systems, offering psychiatrists, neurologists, and mental health practitioners effective and well-tolerated treatments for neuropsychiatric disorders, improving patient outcomes and quality of life in individuals with refractory mental illnesses, driving advancements in brain stimulation therapies and personalized neuropsychiatry approaches.
A significant trend in the transcranial magnetic stimulation (TMS) system market is the increasing acceptance and adoption of non-invasive neuromodulation techniques for the treatment of various neurological and psychiatric disorders. Transcranial magnetic stimulation involves the use of magnetic fields to stimulate targeted areas of the brain, offering a non-pharmacological and non-surgical approach to modulating neural activity. With advancements in TMS technology, including improved coil designs, navigation systems, and treatment protocols, clinicians and patients are increasingly embracing TMS as an effective therapeutic option for conditions such as depression, anxiety, migraine, and chronic pain. This trend reflects the growing recognition of TMS as a safe, well-tolerated, and evidence-based treatment modality, driving market growth and expansion.
The increasing prevalence of neurological and psychiatric disorders serves as a significant driver for the transcranial magnetic stimulation system market. Conditions such as major depressive disorder (MDD), bipolar disorder, post-traumatic stress disorder (PTSD), and chronic pain affect millions of individuals worldwide, contributing to significant morbidity, disability, and healthcare costs. Transcranial magnetic stimulation offers a non-invasive and targeted approach to neuromodulation, providing symptomatic relief and improving quality of life for patients who have not responded to traditional therapies. As the global burden of neurological and psychiatric disorders continues to rise, there is a growing demand for innovative and effective treatment options, driving market growth and adoption of TMS systems.
The expansion of transcranial magnetic stimulation into new indications and therapeutic applications represents a promising opportunity for market growth. While TMS has gained significant traction in the treatment of depression and other mood disorders, there is potential for its utilization in addressing a broader range of neurological and psychiatric conditions. Emerging research and clinical trials explore the efficacy of TMS in conditions such as schizophrenia, obsessive-compulsive disorder (OCD), Alzheimer's disease, and addiction disorders. Additionally, there is growing interest in combining TMS with other treatment modalities, such as cognitive-behavioral therapy (CBT), pharmacotherapy, and neurofeedback, to enhance treatment outcomes and address complex clinical presentations. Capitalizing on this opportunity requires continued investment in research and development, collaboration with key opinion leaders, and regulatory approval for new indications, thus expanding the scope and market potential of transcranial magnetic stimulation systems in neurological and psychiatric care.
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
BrainsWay
eNeura Inc
Magstim
MagVenture A/S
Nexstim
Salience
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TABLE OF CONTENTS
1 Introduction to 2024 Transcranial Magnetic Stimulation System Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Transcranial Magnetic Stimulation System Market Size Outlook, $ Million, 2021 to 2030
3.2 Transcranial Magnetic Stimulation System Market Outlook by Type, $ Million, 2021 to 2030
3.3 Transcranial Magnetic Stimulation System Market Outlook by Product, $ Million, 2021 to 2030
3.4 Transcranial Magnetic Stimulation System Market Outlook by Application, $ Million, 2021 to 2030
3.5 Transcranial Magnetic Stimulation System Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Transcranial Magnetic Stimulation System Industry
4.2 Key Market Trends in Transcranial Magnetic Stimulation System Industry
4.3 Potential Opportunities in Transcranial Magnetic Stimulation System Industry
4.4 Key Challenges in Transcranial Magnetic Stimulation System Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Transcranial Magnetic Stimulation System Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Transcranial Magnetic Stimulation System Market Outlook by Segments
7.1 Transcranial Magnetic Stimulation System Market Outlook by Segments, $ Million, 2021- 2030
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
8 North America Transcranial Magnetic Stimulation System Market Analysis and Outlook To 2030
8.1 Introduction to North America Transcranial Magnetic Stimulation System Markets in 2024
8.2 North America Transcranial Magnetic Stimulation System Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Transcranial Magnetic Stimulation System Market size Outlook by Segments, 2021-2030
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
9 Europe Transcranial Magnetic Stimulation System Market Analysis and Outlook To 2030
9.1 Introduction to Europe Transcranial Magnetic Stimulation System Markets in 2024
9.2 Europe Transcranial Magnetic Stimulation System Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Transcranial Magnetic Stimulation System Market Size Outlook by Segments, 2021-2030
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
10 Asia Pacific Transcranial Magnetic Stimulation System Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Transcranial Magnetic Stimulation System Markets in 2024
10.2 Asia Pacific Transcranial Magnetic Stimulation System Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Transcranial Magnetic Stimulation System Market size Outlook by Segments, 2021-2030
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
11 South America Transcranial Magnetic Stimulation System Market Analysis and Outlook To 2030
11.1 Introduction to South America Transcranial Magnetic Stimulation System Markets in 2024
11.2 South America Transcranial Magnetic Stimulation System Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Transcranial Magnetic Stimulation System Market size Outlook by Segments, 2021-2030
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
12 Middle East and Africa Transcranial Magnetic Stimulation System Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Transcranial Magnetic Stimulation System Markets in 2024
12.2 Middle East and Africa Transcranial Magnetic Stimulation System Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Transcranial Magnetic Stimulation System Market size Outlook by Segments, 2021-2030
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
BrainsWay
eNeura Inc
Magstim
MagVenture A/S
Nexstim
Salience
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Deep Transcranial Magnetic Stimulator
Repetitive Transcranial Magnetic Stimulator
Others
By Application
Alzheimer’s Disease
Depression
Parkinson’s Disease
Epilepsy
Others
By Age Group
Adults
Children
The global Transcranial Magnetic Stimulation System Market is one of the lucrative growth markets, poised to register a 10.2% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
BrainsWay, eNeura Inc, Magstim, MagVenture A/S, Nexstim, Salience
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume