Spain Transcranial Magnetic Stimulation System Market Size & Outlook
Spain transcranial magnetic stimulation system market, 2018-2030 (US$M)
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Spain transcranial magnetic stimulation system market highlights
- The Spain transcranial magnetic stimulation system market generated a revenue of USD 37.0 million in 2023 and is expected to reach USD 61.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.6% 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.
Transcranial magnetic stimulation system market data book summary
| Market revenue in 2023 | USD 37.0 million |
| Market revenue in 2030 | USD 61.9 million |
| Growth rate | 7.6% (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, Spain accounted for 3.0% 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 Europe, Germany transcranial magnetic stimulation system market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 119.4 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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Spain 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 36.76% in 2023. Horizon Databook has segmented the Spain 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.
Small- and mid-sized companies account for 90% of Spanish medical devices manufacturing industry, but a few large companies control majority of the domestic market. High incidence rate of acute ischemic stroke and increase in awareness about treatment of stroke in Spain are major drivers of the transcranial magnetic stimulation systems market.
For instance, as per a report published by Barcelona Institute for Global Health in 2018, around 14.6% of deaths in Spain were caused by acute ischemic stroke. In addition, favorable healthcare system in Spain may encourage many new players to enter the market.
Thereby propelling the market growth. According to WHO, as compared to other OECD European countries, the Spanish healthcare system is well advanced and ensures adoption of innovative technologies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain transcranial magnetic stimulation system market , including forecasts for subscribers. This country databook contains high-level insights into Spain transcranial magnetic stimulation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain transcranial magnetic stimulation system market size, by type, 2018-2030 (US$M)
Spain Transcranial Magnetic Stimulation System Market Outlook Share, 2023 & 2030 (US$M)
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