India Transcranial Magnetic Stimulation System Market Size & Outlook
India transcranial magnetic stimulation system market, 2018-2030 (US$M)
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India transcranial magnetic stimulation system market highlights
- The India transcranial magnetic stimulation system market generated a revenue of USD 36.4 million in 2023 and is expected to reach USD 75.6 million by 2030.
- The India market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, repetitive transcranial magnetic stimulation (rtms) was the largest revenue generating type in 2023.
- Deep Transcranial Magnetic Stimulation (dTMS) is the most lucrative type segment registering the fastest growth during the forecast period.
Transcranial magnetic stimulation system market data book summary
| Market revenue in 2023 | USD 36.4 million |
| Market revenue in 2030 | USD 75.6 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Repetitive transcranial magnetic stimulation (rtms) |
| Fastest growing segment | Deep Transcranial Magnetic Stimulation (dTMS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deep Transcranial Magnetic Stimulation (dTMS), Repetitive Transcranial Magnetic Stimulation (rTMS) |
| Key market players worldwide | BrainsWay Ltd ADR, Nexstim Oyj Registered Shs Reg S, The Magstim Company, Salience, MagVenture, eNeura Therapeutics |
Other key industry trends
- In terms of revenue, India accounted for 2.9% of the global transcranial magnetic stimulation system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China transcranial magnetic stimulation system market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 99.1 million by 2030.
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Transcranial Magnetic Stimulation System Market Scope
Transcranial Magnetic Stimulation System Market Companies
| Name | Profile | # Employees | HQ | Website |
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India transcranial magnetic stimulation system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to transcranial magnetic stimulation system market will help companies and investors design strategic landscapes.
Repetitive transcranial magnetic stimulation (rtms) was the largest segment with a revenue share of 39.56% in 2023. Horizon Databook has segmented the India transcranial magnetic stimulation system market based on deep transcranial magnetic stimulation (dtms), repetitive transcranial magnetic stimulation (rtms) covering the revenue growth of each sub-segment from 2018 to 2030.
Advancements in healthcare facilities in India has led to an increase in patient volume. In addition, according to the Report of the Technical Group on Population Projections for India 2011–2036, around 138 million elderly people are present in India in 2021.
Hence, chronic disease burden and increase in geriatric population are expected to drive the transcranial magnetic stimulation system market over the forecast period. Several medical device manufacturers are involved in setting up new manufacturing facilities.
In India, due to favorable regulatory environment, government support, and high population. Furthermore, the rising number of medical facilities will boost the demand for TMS system in the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the India transcranial magnetic stimulation system market , including forecasts for subscribers. This country databook contains high-level insights into India transcranial magnetic stimulation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India transcranial magnetic stimulation system market size, by type, 2018-2030 (US$M)
India Transcranial Magnetic Stimulation System Market Outlook Share, 2023 & 2030 (US$M)
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