Market Introduction
The North America transcranial magnetic stimulator (TMS)market has been analyzed on the basis of three major countries — the US, Canada, and Mexico. The US is estimated to hold the largest share in the transcranial magnetic stimulator (TMS) market during the forecast period. The projected growth of the transcranial magnetic stimulator (TMS) market in the US is attributed to the increasing pharmaceutical product manufacturing, rising adoption of advance medical packing technologies by the medical device manufactures is anticipated to fuel growth of the market during the forecast period.
North America Transcranial Magnetic Stimulator Strategic Insights
Strategic insights for the North America Transcranial Magnetic Stimulator provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders.
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Market Overview and Dynamics
The transcranial magnetic stimulator market in North America is expected to grow from US$ 398.16 million in 2021 to US$ 731.10 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2021 to 2028. The Transcranial Magnetic Stimulator (TMS) is a noninvasive and well-tolerated therapy, and its procedure does not require anesthesia, It is an outpatient service, and patients can continue with daily routines immediately after the treatment. TMS is an innovative and unique type of psychiatric treatment followed by psychiatric mental health professionals. Thus, the acceptance of TMS is rising across the world and resulting in increasing approvals for the products.
Key Market Segments
North America transcranial magnetic stimulator market is segmented into type, age group, application, and country. North America transcranial magnetic stimulator market based on the type was segmented into single or paired pulse TMS, repetitive TMS (rTMS). In 2020, the single or paired pulse TMS segment held the largest share of the market. The North America transcranial magnetic stimulator market, by age group, is segmented into adults and children.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the transcranial magnetic stimulator market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BrainsWay Ltd; eNeura Inc.; MAG & More GmbH; Magstim; MagVenture, Inc.; Neuronetics; Neurosoft; Nexstim; REMED; and TMS Neuro Solutions.
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