Transcranial Electrical Stimulators Market
The size of the global market for transcranial magnetic stimulation systems was estimated at USD 1.04 billion in 2021 and is anticipated to increase at a CAGR of 9.03% from 2022 to 2030. One of the main factors propelling the market’s expansion is the rising incidence of neurological diseases like Parkinson’s and Alzheimer’s, as well as the expanding awareness of transcranial magnetic stimulators among healthcare professionals. COVID-19 has had a negative effect on the market, affecting demand and production directly, upsetting the supply chain, and making it more expensive for businesses to operate. During the epidemic, neurological treatments were routinely postponed or cancelled in order to stem the spread of COVID-19. Neurosurgical procedures decreased by 55% in the worst-affected countries, which included the United States, Russia, India, Brazil, France, the United Kingdom, Italy, and Spain. There is a chance that the COVID-19 virus will cause long-term health problems since it can impair the heart, lungs, and brain. The COVID-19 virus may be to blame for neurological symptoms like brain fog, according to growing data. The majority of market participants are fortifying their market positions through mergers and acquisitions, as well as the introduction of a more extensive and technologically sophisticated product portfolio.
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Transcranial Electrical Stimulators Market: Segment Analysis
Global Transcranial Electrical Stimulators Market: By Type
Transcranial Direct Current Stimulation (tDCS)
Transcranial Alternating Current Stimulation (tACS)
Transcranial Pulsed Current Stimulation (tPCS)
Transcranial Random Noise Stimulation (tRNS)
Global Transcranial Electrical Stimulators Market: By Application
Hospital
Clinic
Others
Global Transcranial Electrical Stimulators Market:key players
Magstim
Neurosoft
ENeura
MagVenture
Nexstim
Soterix Medical
Neuroelectrics
Key Regions & Countries
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Physiotherapy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in This Report:
- What is the driving factor for the growth of this Market?
- How will the COVID-19 pandemic impact the demand and consumption of this Market?
- What is the major application area of this Market?
- Which geographical location is dominant in this Market?
- Which are the top industry players in this Market?
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