Mexico Transcranial Magnetic Stimulation System Market Size & Outlook
Mexico transcranial magnetic stimulation system market, 2018-2030 (US$M)
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Mexico transcranial magnetic stimulation system market highlights
- The Mexico transcranial magnetic stimulation system market generated a revenue of USD 30.9 million in 2023 and is expected to reach USD 61.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.2% 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 30.9 million |
| Market revenue in 2030 | USD 61.0 million |
| Growth rate | 10.2% (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, Mexico accounted for 2.5% 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 Latin America, Brazil transcranial magnetic stimulation system market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 93.2 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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Mexico 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 38.83% in 2023. Horizon Databook has segmented the Mexico 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 transcranial magnetic stimulation system market in Mexico is projected to experience slow growth during the forecast period. However, the market is expected to be driven at a moderate pace by the increasing elderly population in the country.
According to the Trade Economics, Mexico's population aged 65 years and above was 8.13% in 2021. As the elderly population is more susceptible to neurological disorders like stroke, trauma, meningitis, migraine, and others, this factor is likely to contribute to the growth of the market in the coming years.
Furthermore, the growth of the Mexico transcranial magnetic stimulation system market is likely to be hindered by factors such as a shortage of skilled healthcare professionals and limited knowledge about the treatment of acute ischemic stroke.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico transcranial magnetic stimulation system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico transcranial magnetic stimulation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico transcranial magnetic stimulation system market size, by type, 2018-2030 (US$M)
Mexico Transcranial Magnetic Stimulation System Market Outlook Share, 2023 & 2030 (US$M)
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