Market Overview:
The global non-invasive brain stimulation system market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of neurological disorders, rising demand for minimally invasive treatments, and technological advancements in non-invasive brain stimulation systems. The global non-invasive brain stimulation system market is segmented on the basis of type into transcranial magnetic stimulation (TMS) system and transcranial current stimulation (tCS) system. The TMS segment is expected to account for the majority share of the global non-invasive brain stimulationsystem market in 2018 owing to its high adoption rate across hospitals, clinics, and ambulatory surgical centers. However, the tCS segment is projectedto grow at a higher CAGR duringthe forecast period due to its growing popularity among patients suffering from neurological disorders such as depression and anxiety disorder.
Product Definition:
Non-invasive brain stimulation system is a device that uses electrical or magnetic fields to stimulate specific areas of the brain. It is used to treat conditions such as depression, anxiety, and chronic pain. The importance of non-invasive brain stimulation system is that it is a safe and effective way to treat various conditions without the risk of surgery or medication.
Transcranial Magnetic Stimulation (TMS) System:
Transcranial Magnetic Stimulation (TMS) is a non-invasive procedure used for treating depression, anxiety disorders, and other mental health conditions. It uses magnetic fields to stimulate nerve cells in the brain. The magnetic stimulation does not require surgery or implantation of electrodes into the brain and has fewer side effects as compared to ECT (Electro Convulsive Therapy).
The global TMS system market was valued at USD 848.1 million in 2018.
Transcranial Current Stimulation (tCS) System:
The transcranial current stimulation (tCS) system is a non-invasive brain stimulation system that uses small electrical currents to modulate neural activity. It’s an alternative to invasive procedures such as deep brain stimulators or transdermal neuromodulation for the treatment of neurological and psychiatric disorders.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and ambulatory surgical centers. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of neurological disorders that require invasive or non-invasive brain stimulation techniques for treatment. Furthermore, an increase in healthcare spending along with a rise in the number of hospital beds is expected to drive demand over the forecast period.
The clinics and ambulatory surgical centers segment is anticipated to witness significant growth over the forecast period due to increasing awareness about NBTC among patients suffering from neurological disorders who seek medical care at these facilities. For instance, according to data published by National Institute of Health Report Number 149: Trends in Non-Invasive Brain Stimulation - 2012 Data Supplement & Reports 2013 by NIH states that out of all types of NBTC only tDCS has been used extensively as an outpatient therapy for major neuropsychiatric diseases including depression and Alzheimer¢â‚¬â„¢s disease.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing cases of neurological disorders, availability of highly skilled physicians and sophisticated healthcare infrastructure. Moreover, rising adoption of technologically advanced devices is also expected to drive the regional demand for non-invasive brain stimulation systems during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to growing awareness about various treatment options for neuropsychiatric disorders coupled with improving healthcare facilities in this region. In addition, increasing investments by key players in developing Asia Pacific market are further expected boost its growth prospects during the forecast period. For instance, Sotera Wireless Inc., a U.S.-based company invested USD X million in Brain Stimulation Technologies Pvt Ltd., India’s first TMS manufacturer back in 2016 thereby boosting its sales across this region as well as other parts of Asia (1).
Growth Factors:
- Increasing demand for non-invasive brain stimulation system due to its various benefits over invasive brain stimulation system.
- Growing research and development activities in the field of non-invasive brain stimulation system that is expected to result in new product launches and technological advancements.
- Rising number of neurological disorders such as Alzheimer's disease, Parkinson's disease, and epilepsy that can be treated with the help of non-invasive brain stimulation system.
- Increasing awareness about the benefits of using non-invasive brain stimulation system among people across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-invasive Brain Stimulation System Market Research Report
By Type
Transcranial Magnetic Stimulation (TMS) System, Transcranial Current Stimulation (tCS) System
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
NeoSync, Highland Instruments, Boston Scientific, Medtronic, Mayfield Brain & Spine, Abbott
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Non-invasive Brain Stimulation System Market Report Segments:
The global Non-invasive Brain Stimulation System market is segmented on the basis of:
Types
Transcranial Magnetic Stimulation (TMS) System, Transcranial Current Stimulation (tCS) System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NeoSync
- Highland Instruments
- Boston Scientific
- Medtronic
- Mayfield Brain & Spine
- Abbott
Highlights of The Non-invasive Brain Stimulation System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transcranial Magnetic Stimulation (TMS) System
- Transcranial Current Stimulation (tCS) System
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Non-invasive Brain Stimulation System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Non-invasive brain stimulation system is a medical device that uses electrical currents to stimulate specific areas of the brain. This technology has been used in clinical settings to treat conditions such as depression, anxiety, and chronic pain.
Some of the major players in the non-invasive brain stimulation system market are NeoSync, Highland Instruments, Boston Scientific, Medtronic, Mayfield Brain & Spine, Abbott.
The non-invasive brain stimulation system market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Non-invasive Brain Stimulation System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Non-invasive Brain Stimulation System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Non-invasive Brain Stimulation System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Non-invasive Brain Stimulation System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Non-invasive Brain Stimulation System Market Size & Forecast, 2020-2028
4.5.1 Non-invasive Brain Stimulation System Market Size and Y-o-Y Growth
4.5.2 Non-invasive Brain Stimulation System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Transcranial Magnetic Stimulation (TMS) System
5.2.2 Transcranial Current Stimulation (tCS) System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Non-invasive Brain Stimulation System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Non-invasive Brain Stimulation System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Transcranial Magnetic Stimulation (TMS) System
9.6.2 Transcranial Current Stimulation (tCS) System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Transcranial Magnetic Stimulation (TMS) System
10.6.2 Transcranial Current Stimulation (tCS) System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Transcranial Magnetic Stimulation (TMS) System
11.6.2 Transcranial Current Stimulation (tCS) System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Transcranial Magnetic Stimulation (TMS) System
12.6.2 Transcranial Current Stimulation (tCS) System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Transcranial Magnetic Stimulation (TMS) System
13.6.2 Transcranial Current Stimulation (tCS) System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Non-invasive Brain Stimulation System Market: Competitive Dashboard
14.2 Global Non-invasive Brain Stimulation System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NeoSync
14.3.2 Highland Instruments
14.3.3 Boston Scientific
14.3.4 Medtronic
14.3.5 Mayfield Brain & Spine
14.3.6 Abbott
