Latin America Transcranial Magnetic Stimulation System Market Size & Outlook
Latin America transcranial magnetic stimulation system market, 2018-2030 (US$M)
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Latin America transcranial magnetic stimulation system market highlights
- The Latin America transcranial magnetic stimulation system market generated a revenue of USD 157.8 million in 2023.
- The market is expected to grow at a CAGR of 9.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 157.8 million |
| Market revenue in 2030 | USD 300.5 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Repetitive transcranial magnetic stimulation (rtms) |
| Fastest growing segment | Deep Transcranial Magnetic Stimulation (dTMS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 12.8% of the global transcranial magnetic stimulation system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 524.4 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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Latin America 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 38.91% in 2023. Horizon Databook has segmented the Latin America 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.
The Latin America transcranial magnetic stimulation system market is likely to experience a moderate growth in the coming years. The growing awareness of acute ischemic stroke treatment and increasing healthcare spending are anticipated to fuel the growth of the transcranial magnetic stimulation system market.
Furthermore, the growing healthcare expenditures in Brazil and the progressive acceptance of advanced healthcare amenities are further expected to boost the market growth. However, the market's development in Latin America might be hampered by a lack of skilled specialists and inadequate knowledge regarding the effective treatment of acute ischemic stroke in countries such as Mexico, Colombia, and Argentina.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America transcranial magnetic stimulation system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America transcranial magnetic stimulation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America transcranial magnetic stimulation system market size, by country, 2018-2030 (US$M)
Latin America Transcranial Magnetic Stimulation System Market Outlook Share, 2023 & 2030 (US$M)
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