South Korea Transcranial Magnetic Stimulation System Market Size & Outlook
South Korea transcranial magnetic stimulation system market, 2018-2030 (US$M)
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South Korea transcranial magnetic stimulation system market highlights
- The South Korea transcranial magnetic stimulation system market generated a revenue of USD 23.3 million in 2023 and is expected to reach USD 44.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.8% 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 23.3 million |
| Market revenue in 2030 | USD 44.7 million |
| Growth rate | 9.8% (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 Korea accounted for 1.9% 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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South Korea 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 39.91% in 2023. Horizon Databook has segmented the South Korea 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.
Increasing geriatric population and growing incidence of neurologic disorders in South Korea are major drivers of the market. For instance, according to the report by Statistics Korea, the number of people aged 65 and above were 8.53 million in 2021.
Furthermore, increasing healthcare expenditure and favorable government policies for approval of products have encouraged several major players to enter into this market. Moreover, rise in elderly population is expected to drive the transcranial magnetic stimulation system market.
For instance, as per Korea Herald, around 16.5% of the country’s total population is expected to be aged more than 65. As elder people are more susceptible to Alzheimer’s disorder and other neurology diseases.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea transcranial magnetic stimulation system market , including forecasts for subscribers. This country databook contains high-level insights into South Korea transcranial magnetic stimulation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea transcranial magnetic stimulation system market size, by type, 2018-2030 (US$M)
South Korea Transcranial Magnetic Stimulation System Market Outlook Share, 2023 & 2030 (US$M)
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