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Transcranial magnetic stimulation (TMS) is a non-invasive method of brain stimulation which uses magnetic induction forces focusing on a particular area of the brain. The electromagnetic induction is generated from a coil using electricity and these pulses travel through the cranium to its specified receptor area of the brain. Several different methods of brain stimulation are available including electroconvulsive therapy and deep brain stimulation techniques; however, currently, the transcranial magnetic stimulation technique is the most widely adopted method for brain stimulation. Transcranial magnetic stimulator devices consist of a coil and a system for analyzing and detection of the effects of the therapy. The coils used in TMS equipment are of different materials such as a coil made up of magnetically inert material (air-core design) or a magnetically active material (solid-core design), depending upon the variations and biophysical characteristics required.

Single or paired pulse TMS and repetitive TMS (rTMS) are the two types of transcranial magnetic stimulation techniques. The single or paired pulse TMS is currently the most widely adopted technique; however, promising results of the rTMS technique for treatment of various psychiatry disorders and rising clinical studies proving the efficiency of the technique are expected to drive the rTMS stimulators segment in the next few years. Applications of transcranial magnetic stimulators include research, diagnostics, and therapeutics. Diagnostic applications include evaluation of the effects of diseases such as stroke, multiple sclerosis, and other neurological diseases on the brain. Therapeutic applications of transcranial magnetic stimulators include treatment of treatment-resistant major depression, migraine, obsessive compulsive disorder (OCD), schizophrenia, and post-traumatic stress, among other psychiatry diseases. Various clinical trials are under way for the application of transcranial magnetic stimulation technique in the treatment and diagnosis of other major diseases affecting the brain.

Major factors expected to drive the transcranial magnetic stimulators market during the forecast period are rising prevalence of neurological disorders including schizophrenia and other disorders, surging geriatric population leading to increasing brain disorders associated with age, growing applications of the transcranial magnetic stimulation technique in diagnosis and treatment of neurological disorders, favorable reimbursements, and new and technologically advanced products introduced by manufacturers such as neuro-navigating stimulators in the global market.  However, clinically proven high efficiency of electroconvulsive therapy in the treatment of psychotic depression and rising number of patients adopting the therapy is likely to be one of the major restraints of the transcranial magnetic stimulators market during the forecast period.

In terms of region, the global transcranial magnetic stimulators market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global transcranial magnetic stimulators market from 2017 to 2025, owing to factors such as a large patient population suffering from depression and other psychological and neurological disorders, growing number of devices receiving regulatory approvals, rising demand for new and advanced stimulators, and favorable reimbursement policies. According to Centers of Disease Control and Prevention (CDC) statistics, an estimated 3.5 million to 4 million people in the U.S. alone were suffering from treatment-resistant depression. There has been increasing collaborations and partnerships in the global market between companies and research universities for the advancement of the devices and technology along with widening the scope of applications of the transcranial magnetic stimulators. This along with increasing approvals present wide opportunities for the market players operating in the region. However, rising incidence of psychological disorders in Asia Pacific, increasing health care expenditure, and rising demand for new techniques for the treatment of these disorders are expected to augment the transcranial magnetic stimulators market in Asia Pacific from 2017 to 2025.

Key players operating in the global transcranial magnetic stimulators market include Axilum Robotics, Mastigm, Nexstim plc, Neuronetics, Inc., Brainsway Ltd., and TMS Neuro Solutions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Transcranial Magnetic Stimulators Market

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