Non Invasive Brain Stimulation System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Non invasive brain stimulation (NIBS) refers to a group of tools and methods for controlling the brain's excitability through transcranial stimulation. Transcranial magnetic stimulation (TMS) and transcranial current stimulation are two popular forms of noninvasive brain stimulation. Six TMS devices now have approved uses by the U.S. Food and Drug Administration (FDA) and are used in clinical practice: from which five are used to treat medication-refractory depression and the sixth is used to map the motor and speech areas before surgery. In the upcoming years, noninvasive brain stimulation may have an impact on a number of clinical specialties, including psychiatry, neurology, paediatrics, neurosurgery, physical therapy, and physical medicine and rehabilitation. Several large, multisite clinical trials are currently being conducted with the goal of increasing the number of clinical applications of noninvasive brain stimulation.
Transcranial magnetic stimulation involves creating magnetic pulses that are easily transmitted to the skull and other brain tissue. The brain experiences an electrical potential that depolarizes the neurons and causes a variety of reactions. The alternative technique, transcranial current stimulation, uses direct current (DC) or alternating current (AC) with one electrode placed on the target area of the brain and the other on the head.
Non invasive brain stimulation has been used by thousands of people all over the world and is painless, safe procedure with limited side effects. It helps in the improvement of quality of life and lessen the effects of problems with speaking, swallowing, moving, thinking, and other body functions. The rapidly ageing population, increases the risk and prevalence of neurological disorders, rising demand for the devices as a result of the growing acceptance of minimally invasive procedures, and availability of cutting-edge technology are the main factors propelling the non invasive brain stimulation system market growth.
MARKET SCOPE
The “Global non invasive brain stimulation system market analysis to 2030” is a specialized and in-depth study of the medical device industry with a special focus on global market trend analysis. The report aims to provide an overview of the non invasive brain stimulation system market with detailed market segmentation by product type, application, end user and geography. The report provides key statistics on the non invasive brain stimulation system market market status of the leading non invasive brain stimulation system and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Non invasive brain stimulation system market is segmented based on product type, application, end user, and region. Based on the product type, the global non invasive brain stimulation system market is differentiated into transcranial magnetic stimulation (TMS) system and transcranial current stimulation (TCS) system. By application, the non invasive brain stimulation system market is segmented into depression, epilepsy, parkinson's disease, chronic pain and others. Based on the end user, the non invasive brain stimulation system market is classified into hospitals, ambulatory surgical centers, specialty clinics and others.
MARKET DYNAMICS
Drivers-
A common treatment for advanced depression, epilepsy, Parkinson's disease, chronic pain, and other conditions is non-invasive brain stimulation. However, non-invasive brain stimulation systems have grown significantly over the past three decades, in addition to the expansion of its clinical uses. The non-invasive brain stimulation system market is expected to grow rapidly due to the projected rise in the senior population, who are more susceptible to neurological illnesses. According to the United Nations Department of Economic and Social Affairs report titled "World Population Ageing 2020 Highlights, in 2020, there were around 727 million people worldwide who are aged 65 years or older. In 2050, it is anticipated to increase more than double and reach close to 1.5 billion.
Companies that make non-invasive brain stimulation systems are working efficiently with the needs of the consumer in mind. The global non-invasive brain stimulation systems market is expanding due to ongoing innovation. Most Non-invasive Brain Stimulation System businesses operate with a sense of urgency and a customer-centric mindset in the post-pandemic period. Attempts to reduce costs along different links in the value chain so that items can be sold for a profit. Additionally, in the long run, production modernization and expansion together with ongoing innovation and customer-focused initiatives will continue to be crucial success drivers. The study provides important, high-quality data and analysis to aid in the formulation of solid business strategies by decision-makers.
Due to the rising prevalence of neurological diosrders, North America is anticipated to hold a significant share of the non invasive brain stimulation system market and is anticipated to continue during the forecast period. As per Parkinson’s Foundation, approximately 1 million Americans were estimated to have Parkinson's disease in 2020. The combined direct and indirect cost of Parkinson's disease in the United States, including medical expenses, lost wages due to patients' incapacity to work, and other costs, are estimated to be around US$ 25 billion annually. As a result, the original equipment manufacturers (OEMs) have been driven to provide affordable devices for the treatment of neurological movement disorders due to the increasing burden of Parkinson's disease on the healthcare system and the uncertain economic climate in the United States.
The Asia Pacific market for non-invasive brain stimulation systems is expected to experience the significat growth over the forecast period owing to rising prevelance of neurological diosrders such as Parkinson’s disorders, epilepsy, depression, and others. Additionally, there has been increasing awareness about non-invasive treatment options for such conditions in the region are also expected to generate the demand for non-invasive brain stimulation systems and amplify the overall market growth in a long run.
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Due to the rising prevalence of neurological diosrders, North America is anticipated to hold a significant share of the non invasive brain stimulation system market and is anticipated to continue during the forecast period. As per Parkinson’s Foundation, approximately 1 million Americans were estimated to have Parkinson's disease in 2020. The combined direct and indirect cost of Parkinson's disease in the United States, including medical expenses, lost wages due to patients' incapacity to work, and other costs, are estimated to be around US$ 25 billion annually. As a result, the original equipment manufacturers (OEMs) have been driven to provide affordable devices for the treatment of neurological movement disorders due to the increasing burden of Parkinson's disease on the healthcare system and the uncertain economic climate in the United States.
The Asia Pacific market for non-invasive brain stimulation systems is expected to experience the significat growth over the forecast period owing to rising prevelance of neurological diosrders such as Parkinson’s disorders, epilepsy, depression, and others. Additionally, there has been increasing awareness about non-invasive treatment options for such conditions in the region are also expected to generate the demand for non-invasive brain stimulation systems and amplify the overall market growth in a long run.
MARKET PLAYERS
The report covers key Non invasive brain stimulation system market developments, such as organic and inorganic growth strategies. Various companies such as BrainsWay, Brainbox Ltd., Flow Neuroscience, eNeura Inc., Magstim, Magnus Medical, Inc., NeoSync, Inc. (Wave Neuroscience, Inc.), MagVenture, Neurocare Group AG, NeuraLace and among others are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the non invasive brain stimulation system market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the non invasive brain stimulation system market are anticipated to have lucrative growth opportunities with the rising demand for non invasive brain stimulation system in the global market.
Key Developments in the Global Non invasive brain stimulation system market
- In September 2022, Magnus Medical received approval for SAINT Neuromodulation System for the treatment of major depressive disorder (MDD). The SAINTTM Neuromodulation System was given U.S. FDA Breakthrough Device Designation and authorization to treat people with major depressive disorder (MDD) who have not shown sufficient improvement from prior antidepressant drugs during the current episode.
- In August 2022, BrainsWay Ltd. received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the Company’s Deep TMS H7 Coil for its use in treating patients suffering from major depressive disorder (MDD).
The report includes key companies' profiles, SWOT analysis, and non invasive brain stimulation system market size and strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last three years, and key development in the past five years.
The Insight Partner’s dedicated research and analysis team comprises experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Non Invasive Brain Stimulation System Market - By Product Type
1.3.2 Non Invasive Brain Stimulation System Market - By Application
1.3.3 Non Invasive Brain Stimulation System Market - By End-user
1.3.4 Non Invasive Brain Stimulation System Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. NON INVASIVE BRAIN STIMULATION SYSTEM - GLOBAL MARKET OVERVIEW
6.2. NON INVASIVE BRAIN STIMULATION SYSTEM - GLOBAL MARKET AND FORECAST TO 2030
6.3. MARKET POSITIONING
7. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2030 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. TRANSCRANIAL MAGNETIC STIMULATION (TMS) SYSTEM
7.3.1. Overview
7.3.2. Transcranial Magnetic Stimulation (TMS) System Market Forecast and Analysis
7.4. TRANSCRANIAL CURRENT STIMULATION (TCS) SYSTEM
7.4.1. Overview
7.4.2. Transcranial Current Stimulation (TCS) System Market Forecast and Analysis
8. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2030 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DEPRESSION
8.3.1. Overview
8.3.2. Depression Market Forecast and Analysis
8.4. EPILEPSY
8.4.1. Overview
8.4.2. Epilepsy Market Forecast and Analysis
8.5. PARKINSON'S DISEASE
8.5.1. Overview
8.5.2. Parkinson's Disease Market Forecast and Analysis
8.6. CHRONIC PAIN
8.6.1. Overview
8.6.2. Chronic Pain Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2030 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. AMBULATORY SURGICAL CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.5. SPECIALTY CLINICS
9.5.1. Overview
9.5.2. Specialty Clinics Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET REVENUE AND FORECASTS TO 2030 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Non Invasive Brain Stimulation System Market Overview
10.1.2 North America Non Invasive Brain Stimulation System Market Forecasts and Analysis
10.1.3 North America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Product Type
10.1.4 North America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Application
10.1.5 North America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By End-user
10.1.6 North America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Countries
10.1.6.1 United States Non Invasive Brain Stimulation System Market
10.1.6.1.1 United States Non Invasive Brain Stimulation System Market by Product Type
10.1.6.1.2 United States Non Invasive Brain Stimulation System Market by Application
10.1.6.1.3 United States Non Invasive Brain Stimulation System Market by End-user
10.1.6.2 Canada Non Invasive Brain Stimulation System Market
10.1.6.2.1 Canada Non Invasive Brain Stimulation System Market by Product Type
10.1.6.2.2 Canada Non Invasive Brain Stimulation System Market by Application
10.1.6.2.3 Canada Non Invasive Brain Stimulation System Market by End-user
10.1.6.3 Mexico Non Invasive Brain Stimulation System Market
10.1.6.3.1 Mexico Non Invasive Brain Stimulation System Market by Product Type
10.1.6.3.2 Mexico Non Invasive Brain Stimulation System Market by Application
10.1.6.3.3 Mexico Non Invasive Brain Stimulation System Market by End-user
10.2. EUROPE
10.2.1 Europe Non Invasive Brain Stimulation System Market Overview
10.2.2 Europe Non Invasive Brain Stimulation System Market Forecasts and Analysis
10.2.3 Europe Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Product Type
10.2.4 Europe Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Application
10.2.5 Europe Non Invasive Brain Stimulation System Market Forecasts and Analysis - By End-user
10.2.6 Europe Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Non Invasive Brain Stimulation System Market
10.2.6.1.1 Germany Non Invasive Brain Stimulation System Market by Product Type
10.2.6.1.2 Germany Non Invasive Brain Stimulation System Market by Application
10.2.6.1.3 Germany Non Invasive Brain Stimulation System Market by End-user
10.2.6.2 France Non Invasive Brain Stimulation System Market
10.2.6.2.1 France Non Invasive Brain Stimulation System Market by Product Type
10.2.6.2.2 France Non Invasive Brain Stimulation System Market by Application
10.2.6.2.3 France Non Invasive Brain Stimulation System Market by End-user
10.2.6.3 Italy Non Invasive Brain Stimulation System Market
10.2.6.3.1 Italy Non Invasive Brain Stimulation System Market by Product Type
10.2.6.3.2 Italy Non Invasive Brain Stimulation System Market by Application
10.2.6.3.3 Italy Non Invasive Brain Stimulation System Market by End-user
10.2.6.4 Spain Non Invasive Brain Stimulation System Market
10.2.6.4.1 Spain Non Invasive Brain Stimulation System Market by Product Type
10.2.6.4.2 Spain Non Invasive Brain Stimulation System Market by Application
10.2.6.4.3 Spain Non Invasive Brain Stimulation System Market by End-user
10.2.6.5 United Kingdom Non Invasive Brain Stimulation System Market
10.2.6.5.1 United Kingdom Non Invasive Brain Stimulation System Market by Product Type
10.2.6.5.2 United Kingdom Non Invasive Brain Stimulation System Market by Application
10.2.6.5.3 United Kingdom Non Invasive Brain Stimulation System Market by End-user
10.2.6.6 Rest of Europe Non Invasive Brain Stimulation System Market
10.2.6.6.1 Rest of Europe Non Invasive Brain Stimulation System Market by Product Type
10.2.6.6.2 Rest of Europe Non Invasive Brain Stimulation System Market by Application
10.2.6.6.3 Rest of Europe Non Invasive Brain Stimulation System Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Non Invasive Brain Stimulation System Market Overview
10.3.2 Asia-Pacific Non Invasive Brain Stimulation System Market Forecasts and Analysis
10.3.3 Asia-Pacific Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Non Invasive Brain Stimulation System Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Non Invasive Brain Stimulation System Market
10.3.6.1.1 Australia Non Invasive Brain Stimulation System Market by Product Type
10.3.6.1.2 Australia Non Invasive Brain Stimulation System Market by Application
10.3.6.1.3 Australia Non Invasive Brain Stimulation System Market by End-user
10.3.6.2 China Non Invasive Brain Stimulation System Market
10.3.6.2.1 China Non Invasive Brain Stimulation System Market by Product Type
10.3.6.2.2 China Non Invasive Brain Stimulation System Market by Application
10.3.6.2.3 China Non Invasive Brain Stimulation System Market by End-user
10.3.6.3 India Non Invasive Brain Stimulation System Market
10.3.6.3.1 India Non Invasive Brain Stimulation System Market by Product Type
10.3.6.3.2 India Non Invasive Brain Stimulation System Market by Application
10.3.6.3.3 India Non Invasive Brain Stimulation System Market by End-user
10.3.6.4 Japan Non Invasive Brain Stimulation System Market
10.3.6.4.1 Japan Non Invasive Brain Stimulation System Market by Product Type
10.3.6.4.2 Japan Non Invasive Brain Stimulation System Market by Application
10.3.6.4.3 Japan Non Invasive Brain Stimulation System Market by End-user
10.3.6.5 South Korea Non Invasive Brain Stimulation System Market
10.3.6.5.1 South Korea Non Invasive Brain Stimulation System Market by Product Type
10.3.6.5.2 South Korea Non Invasive Brain Stimulation System Market by Application
10.3.6.5.3 South Korea Non Invasive Brain Stimulation System Market by End-user
10.3.6.6 Rest of Asia-Pacific Non Invasive Brain Stimulation System Market
10.3.6.6.1 Rest of Asia-Pacific Non Invasive Brain Stimulation System Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Non Invasive Brain Stimulation System Market by Application
10.3.6.6.3 Rest of Asia-Pacific Non Invasive Brain Stimulation System Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Non Invasive Brain Stimulation System Market Overview
10.4.2 Middle East and Africa Non Invasive Brain Stimulation System Market Forecasts and Analysis
10.4.3 Middle East and Africa Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Non Invasive Brain Stimulation System Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Non Invasive Brain Stimulation System Market
10.4.6.1.1 South Africa Non Invasive Brain Stimulation System Market by Product Type
10.4.6.1.2 South Africa Non Invasive Brain Stimulation System Market by Application
10.4.6.1.3 South Africa Non Invasive Brain Stimulation System Market by End-user
10.4.6.2 Saudi Arabia Non Invasive Brain Stimulation System Market
10.4.6.2.1 Saudi Arabia Non Invasive Brain Stimulation System Market by Product Type
10.4.6.2.2 Saudi Arabia Non Invasive Brain Stimulation System Market by Application
10.4.6.2.3 Saudi Arabia Non Invasive Brain Stimulation System Market by End-user
10.4.6.3 U.A.E Non Invasive Brain Stimulation System Market
10.4.6.3.1 U.A.E Non Invasive Brain Stimulation System Market by Product Type
10.4.6.3.2 U.A.E Non Invasive Brain Stimulation System Market by Application
10.4.6.3.3 U.A.E Non Invasive Brain Stimulation System Market by End-user
10.4.6.4 Rest of Middle East and Africa Non Invasive Brain Stimulation System Market
10.4.6.4.1 Rest of Middle East and Africa Non Invasive Brain Stimulation System Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Non Invasive Brain Stimulation System Market by Application
10.4.6.4.3 Rest of Middle East and Africa Non Invasive Brain Stimulation System Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Non Invasive Brain Stimulation System Market Overview
10.5.2 South and Central America Non Invasive Brain Stimulation System Market Forecasts and Analysis
10.5.3 South and Central America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Application
10.5.5 South and Central America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Non Invasive Brain Stimulation System Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Non Invasive Brain Stimulation System Market
10.5.6.1.1 Brazil Non Invasive Brain Stimulation System Market by Product Type
10.5.6.1.2 Brazil Non Invasive Brain Stimulation System Market by Application
10.5.6.1.3 Brazil Non Invasive Brain Stimulation System Market by End-user
10.5.6.2 Argentina Non Invasive Brain Stimulation System Market
10.5.6.2.1 Argentina Non Invasive Brain Stimulation System Market by Product Type
10.5.6.2.2 Argentina Non Invasive Brain Stimulation System Market by Application
10.5.6.2.3 Argentina Non Invasive Brain Stimulation System Market by End-user
10.5.6.3 Rest of South and Central America Non Invasive Brain Stimulation System Market
10.5.6.3.1 Rest of South and Central America Non Invasive Brain Stimulation System Market by Product Type
10.5.6.3.2 Rest of South and Central America Non Invasive Brain Stimulation System Market by Application
10.5.6.3.3 Rest of South and Central America Non Invasive Brain Stimulation System Market by End-user
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL NON INVASIVE BRAIN STIMULATION SYSTEM MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. NON INVASIVE BRAIN STIMULATION SYSTEM MARKET, KEY COMPANY PROFILES
13.1. BRAINSWAY
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BRAINBOX LTD.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. FLOW NEUROSCIENCE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ENEURA INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MAGSTIM
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MAGNUS MEDICAL, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NEOSYNC, INC. (WAVE NEUROSCIENCE, INC.)
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MAGVENTURE
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. NEUROCARE GROUP AG
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. NEURALACE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. BRAINSWAY
2. BRAINBOX LTD.
3. FLOW NEUROSCIENCE
4. ENEURA INC.
5. MAGSTIM
6. MAGNUS MEDICAL, INC.
7. NEOSYNC, INC. (WAVE NEUROSCIENCE, INC.)
8. MAGVENTURE
9. NEUROCARE GROUP AG
10. NEURALACE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
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- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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