A transcranial magnetic stimulation (TMS) neuronavigation system is a type of non-invasive magnetic brain stimulation procedure that uses magnetic fields to stimulate the nerve cells of the brain and improve the symptoms of depression. During the process, an electromagnetic coil is placed on the forehead or scalp. It delivers a magnetic pulse, which aids in the treatment of mood disorders and depression. This process activates the part of the brain that has stopped working due to depression. It is a non-invasive and painless procedure. However, it has some common side effects such as headache, scalp discomfort on the site of coil placement and stimulation, spasms, twitching of facial muscles, tingling, and lightheadedness.
The global transcranial magnetic stimulation (TMS) neuronavigation systems market is primarily driven by an increase in the incidence of neurological disorders and depression, rise in the geriatric population, and increase in the number of neurosurgeries performed. Also, an increase in the purchasing power of hospitals is expected to boost the growth of the global transcranial magnetic stimulation (TMS) neuronavigation systems market during the forecast period. Furthermore, a rise in the adoption of technologically advanced health care devices and advancements in health care are projected to boost the growth of the global market in the next few years. Aging is associated with a large number of diseases and disorders. A majority of elderly people suffer from neurological disorders. According to the Administration for Community Living, the geriatric population (of 65 years or older) in the U.S. stood at 46.2 million in 2014. An increase in the aging population is likely to drive the global transcranial magnetic stimulation (TMS) neuronavigation systems market during the forecast period. Furthermore, existing market players are deploying advanced techniques and strategies to develop novel processes for manufacturing technologically enhanced TMS neuronavigation systems. This is anticipated to propel the demand for TMS neuronavigation systems for diagnosis and treatment during the forecast period. However, the high cost of TMS neuronavigation systems and lack of skilled professionals are expected to restrain the growth of the market in the next few years.
The global transcranial magnetic stimulation (TMS) neuronavigation systems market can be segmented based on type, application, procedure, end-user, and region. Based on type, the market can be bifurcated into portable and trolley-based. In terms of application, the market ca be classified into diagnosis and treatment. Based on procedure, the market can be categorized into paired pulse TMS, single pulse TMS, repetitive TMS, and quadri pulse stimulation (QPS). In terms of end-user, the market can be divided into hospitals, clinics, diagnostic centers, and ambulatory surgical centers.
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In terms of region, the global transcranial magnetic stimulation (TMS) neuronavigation systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a leading share of the global market in 2017, owing to rapid progress in the health care industry as well as high adoption of advanced health care devices in the region. Increase in the prevalence of neurological disorders and presence of a large number of manufacturers in the region are expected to boost the TMS neuronavigation systems market in North America during the forecast period. Asia Pacific and Latin America are likely to be highly lucrative regions of the transcranial magnetic stimulation (TMS) neuronavigation systems market in the near future. The market in these regions is projected to expand rapidly during the forecast period, owing to a large population base, increase in the number of hospitals, and rise in government investment for the advancement of health care in the regions.
Key players operating in the global transcranial magnetic stimulation (TMS) neuronavigation systems market include Neurosoft S.A., neuroCare Group GmbH, inomed Medizintechnik GmbH, Rogue Resolutions Ltd., MAG & More GmbH, SYNEIKA, ANT Neuro, Soterix Medical Inc., E.M.S. s.r.l., and Rogue Research Inc.
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The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
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- Despite currently being unprofitable, EDAP TMS (NASDAQ:EDAP) has delivered a 52% return to shareholders over 5 years - Simply Wall St - April 18th, 2024 [April 18th, 2024]
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- TMS therapy: The cloud hanging over me was gone - WellSpan Health - May 18th, 2023 [May 18th, 2023]
- Depression Relief: Brain Signal Reversal by Magnetic Pulses - Neuroscience News - May 18th, 2023 [May 18th, 2023]
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- NeuroStim TMS Celebrates Landmark Achievement, Delivering Over 100,000 TMS Treatments Upon Reaching Five Year Anniversary - Yahoo Finance - May 6th, 2023 [May 6th, 2023]
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- St Helen's Hospital patient says many are 'devastated' by its imminent closure - ABC News - May 6th, 2023 [May 6th, 2023]
- Transcranial Magnetic Stimulation (TMS) | Sibley Memorial Hospital in ... - March 31st, 2023 [March 31st, 2023]
- Psychiatry | Sibley Memorial Hospital in Washington, D.C. - March 31st, 2023 [March 31st, 2023]
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- TMS Network (TMSN) AI Infrastructure Will Give You 100x Returns, Way Better Than SingularityNET (AGIX) And - Bitcoinist - March 31st, 2023 [March 31st, 2023]
- TMS: What It Felt Like for Me I Psych Central - February 20th, 2023 [February 20th, 2023]
- Are we in a recession? Crypto giant Bitcoin and Ethereum stall out while TMS Network makes its mark - FXStreet - February 20th, 2023 [February 20th, 2023]
- Are GameFi coins like SHIB and Decentraland (MANA) as good of a long term investment as TMS Network? - FXStreet - February 20th, 2023 [February 20th, 2023]
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- What is a Transportation Management System? | Oracle - January 31st, 2023 [January 31st, 2023]
- TMS (Transcranial Magnetic Stimulation): What It Is - January 19th, 2023 [January 19th, 2023]
- HC Wainwright Adjusts Price Target on EDAP TMS S.A to $12 From $11, Maintains Buy Rating - Marketscreener.com - November 21st, 2022 [November 21st, 2022]
- Breakthrough in brain stimulation offers cautious hope for depression - Harvard Health - October 21st, 2022 [October 21st, 2022]
- Life-changing treatment program in Ohio expanding for veterans and first responders - WTRF - October 19th, 2022 [October 19th, 2022]
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- Avalanche Technology and TMS-Elektronik Announce Representation Agreement for the Republic of Turkey - PR Web - October 17th, 2022 [October 17th, 2022]
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- What Happens in the Brain During Transcranial Magnetic Stimulation? - Technology Networks - October 13th, 2022 [October 13th, 2022]
- TMS and SIS to vie for soccer championship - Saipan Tribune - October 13th, 2022 [October 13th, 2022]
- Soterix Medical Announces award of Fast Track NIH grant to develop a Parcel-Guided software to improve efficacy of rTMS treatment for Depression - PR... - October 13th, 2022 [October 13th, 2022]
- Interview: Kindra Neely Talks Healing Through Art and Personal Hope in 'Numb to This' - The Mary Sue - October 13th, 2022 [October 13th, 2022]
- Local veteran finds success with TMS therapy | Local News | thenewsenterprise.com - Elizabethtown News Enterprise - September 29th, 2022 [September 29th, 2022]
- Racin' Today Everything's Big In Texas Including Criticism Of TMS - RacinToday.com - September 29th, 2022 [September 29th, 2022]
- Start over from scratch: Race weekend at TMS stirs up track reconfiguration rumors - The Dallas Morning News - September 29th, 2022 [September 29th, 2022]
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- EDAP TMS Hosting Urology Expert Panel and Live Focal One Technology Demonstration - GlobeNewswire - September 29th, 2022 [September 29th, 2022]
- Reddick prevails in wild race that sees record number of yellow flags at TMS - Denton Record Chronicle - September 29th, 2022 [September 29th, 2022]
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