About Deep Transcranial Magnetic Stimulation (DTMS) Device
Depression has become a common illness worldwide, the growing number of cases people suffering from depression is booming the demand of DTMS devices in the market. Deep transcranial magnetic stimulation device used for the treatment of people suffering from depression. It uses a technique where pulsed magnetic fields are generated by a coil placed on the scalp. According to the world health organization, more than 264 million people are affected by dispersion and it is different from usual mood changes and short live emotional responses to challenges in daily life routine. A moreover growing number of major depressive disorder (MDD) and Obsessive-Compulsive Disorder (OCD) is a key driving factor of growth in the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Deep Transcranial Magnetic Stimulation (DTMS) Device market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dr. Langer Medical GmbH (Germany), MAG & More GmbH (Germany), Remed (United States), Axilum Robotics (France), Nexstim Plc (Finland), The Magstim Company Limited (United Kingdom), Neuronetics (United States), Salience TMS Neuro Solutions (United States), Mag Venture (United States) and eNeura Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BrainsWay (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Deep Transcranial Magnetic Stimulation (DTMS) Device market by Type (Deep Transcranial Magnetic Stimulator (dTMS), Repetitive Transcranial Magnetic Stimulator (rTMS) and Others), Application (Depression, Parkinson’s Disease, Epilepsy, Alzheimer’s Disease and Others) and Region.
On the basis of geography, the market of Deep Transcranial Magnetic Stimulation (DTMS) Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Deep Transcranial Magnetic Stimulation (DTMS) Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing Investment In Research And Development Activities Of Deep Transcranial Magnetic Stimulation (DTMS) Device Among Players
Market Growth Drivers:
Increasing Number Of Mental Disorders Cases Across The Globe Is Key Driving Factor Of Growth and Increasing Number Of Patients And Healthcare Providers Attesting DTMS Success
Challenges:
Key Competition Between Manufacturers
Restraints:
High Cost Associated with DTMS devices
Opportunities:
The Growing Scope Of The DTMS Devices And Stimulation Technique In Diagnosis And To Treat Neurological Disorders Creating The Growth Opportunities
Market Leaders and their expansionary development strategies
In October 2023, Nexstim has announced a strategic partnership with Pfizer, a major pharmaceutical company. The partnership will focus on the development of DTMS therapy for neurological and psychiatric conditions.
In October 2023, Neuronix has announced that the first patient has been treated in the company's Phase 3 trial of its TMS therapy for Alzheimer's disease. The trial is designed to evaluate the safety and efficacy of the therapy in patients with mild to moderate Alzheimer's disease.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Deep Transcranial Magnetic Stimulation (DTMS) Device Manufacturer, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.