South Africa Transcranial Magnetic Stimulation System Market Size & Outlook
South Africa transcranial magnetic stimulation system market, 2018-2030 (US$M)
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South Africa transcranial magnetic stimulation system market highlights
- The South Africa transcranial magnetic stimulation system market generated a revenue of USD 20.5 million in 2023 and is expected to reach USD 39.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.7% 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 20.5 million |
| Market revenue in 2030 | USD 39.3 million |
| Growth rate | 9.7% (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, South Africa accounted for 1.7% 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 Middle East & Africa, South Africa transcranial magnetic stimulation system market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 32.5 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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South Africa 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 39.02% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa transcranial magnetic stimulation system market is anticipated to witness considerable growth over the forecast period. Increasing healthcare expenditure and rising adoption of advanced healthcare facilities are among major factors driving the market.
Furthermore, government and healthcare organizations are undertaking initiatives to improve healthcare facilities in South Africa. Economic development in South Africa and high unmet healthcare needs are some of the primary factors driving the market.
Furthermore, increasing prevalence of hypertension and rising incidence of TBIs are some of the factors driving the market growth. For instance, according to WHO, in 2019, 27.4% of men and 26.1% of women are suffering from hypertension in South Africa.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa transcranial magnetic stimulation system market , including forecasts for subscribers. This country databook contains high-level insights into South Africa transcranial magnetic stimulation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa transcranial magnetic stimulation system market size, by type, 2018-2030 (US$M)
South Africa Transcranial Magnetic Stimulation System Market Outlook Share, 2023 & 2030 (US$M)
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