TMS Coil Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

TMS i.e. Transcranial Magnetic Stimulation is an electromagnetic coil that is placed against the scalp and creates a magnetic field that stimulates certain areas of the brain. During the procedure, The TMS coil is placed against the scalp near the forehead. It's a noninvasive treatment that uses electromagnetic pulses to stimulate nerve cells, which may improve symptoms of neurological or mental health disorders. TMS is mainly used to treat depression.

MARKET SCOPE

The "Global TMS Coil Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the TMS Coil market with detailed market segmentation by type and application. The report provides key statistics on the market status of the leading TMS Coil market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type the market is segmented as, h-coil, c-core, and circular crown coil.
  
•   Based on the application the market is segmented as, hospitals, clinics, and others.
  

MARKET DYNAMICS

Drivers:

•   Rising prevalence of neurological or mental health disorders and depression.
  
•   The increasing geriatric population faces neurological disorders mainly depression.
  
•   Extensive R&D efforts by medical device companies to develop advanced devices are expected to fuel market growth.
  

Restraints:

•   Whereas, the high cost of treatment and TMS coil is expected to restrain the market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The TMS Coil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the TMS Coil market in these regions.

IMPACT OF COVID-19 ON TMS COIL MARKET

COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the TMS Coil market as organic and inorganic growth strategies. Various companies 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 market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the TMS Coil market are anticipated to have lucrative growth opportunities in the future with the rising demand for TMS Coil in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the TMS Coil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   MAG AND MORE
  
•   E-NEURA
  
•   DR. LANGER MEDICAL
  
•   BRAINSWAY
  
•   YIRUIDE
  
•   REMED
  
•   NEXSTIM
  
•   NEUROSOFT
  
•   NEURONETICS
  
•   MAG VENTURE
  
•   MAGSTIM
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

TMS Coil Report Scope