According to Future Market Insights' estimation, the non-invasive brain stimulation systems market will be worth USD1,200.5 million by 2022. To reach USD 2,429.3 million by 2032, the market is anticipated to grow at a CAGR of 6.6% over the forecast period (2022 to 2032).
Numerous neurological conditions, such as Parkinson's disease and tremors, have become more prevalent in recent years. This has resulted in an increase in the demand for non-invasive brain stimulation systems, which is creating the potential for businesses to generate revenue.
Given a number of benefits, such as quicker recovery time, non-invasive stimulation is favored by individuals all over the world. In light of this, non-invasive brain stimulation systems market participants see attractive opportunities in many developed and developing countries.
| Report Attribute | Details |
|---|---|
| Non-invasive Brain Stimulation System Market Historical Growth Rate (2017 to 2021) | 17.6% |
| Non-invasive Brain Stimulation System Market Value (2022) | USD 1,200.5 million |
| Non-invasive Brain Stimulation System Market Anticipated Forecast Value (2032) | USD 2,429.3 million |
| Non-invasive Brain Stimulation System Market Projected Growth Rate (2022 to 2032) | 6.6% |
The most important aspects projected to drive the non-invasive brain stimulation system market during the forecast period are the growing occurrence of neurological disorders, the upsurge of non-invasive and minimally invasive measures, the practice of casualty techniques, rushing geriatric population leading to growing brain disorders associated with age, mounting uses of the transcranial magnetic stimulation method in diagnosis, treatment of neurological disorders, satisfactory reimbursements, and innovative and scientifically advanced products presented by companies such as neuro-navigating stimulators in the global market.
Additionally, young people, these days use mobile devices extensively. As a result, people's nervous systems are affected by persistent exposure to radiation from technology, which can lead to a variety of neurological illnesses.
The Food and Drug Administration (FDA) has authorized a non-invasive brain stimulation device for the treatment of depressive disorders. Transcranial stimulation (TCS) has not been well studied, although transcranial magnetic stimulation (TMS) has been licensed for the treatment of depressive disorders.
According to the World Health Organization, the elderly population is predicted to expand more quickly in affluent countries, notably the United States of America, Japan, and numerous European nations. Treatments for depression, tinnitus, stroke, and other neurological illnesses using TMS and TCS have shown promising results. This procedure does not call for an overnight stay and is administered at specialist clinics, outpatient clinics, hospitals, and other settings. As soon as the therapy is through, patients are free to return home.
Due to increased awareness of the adverse effects of drug treatment, healthcare professionals and patient groups worldwide are increasingly choosing non-invasive brain stimulation systems over it. This element is opening up enormous commercial opportunities in the market for non-invasive brain stimulation systems.
Owing to a focus on organic growth of the non-invasive brain stimulation system market by many businesses, there are likely to be breakthroughs in non-invasive brain stimulation systems in the upcoming years. These developments will help physicians with a variety of outpatient devices and give patients new therapies in cases where conventional therapies fail.
Players in the global non-invasive brain stimulation system market are investing more in Research and Development to enhance their products' overall performance, particularly battery life. Additionally, producers of non-invasive brain stimulation systems are working to improve a number of patient-related aspects, such as reliability in IPG recharging and consistency in nocturnal device endpoint.
Many manufacturers of non-invasive brain stimulation systems are focusing on adding device-specific features such as lead configuration, parameter delivery, and implantation site. In a similar vein, they carefully choose electrode materials to minimize impedance mismatch. During the forecast period, these elements are anticipated to encourage the expansion of the non-invasive brain stimulation system market worldwide.
The market for non-invasive brain stimulation systems is predicted to see growth due to an increase in the number of persons suffering from neurological illnesses in key regions of the world. Neurological problems are becoming more common as the geriatric population worldwide goes up. This is driving up demand for non-invasive brain stimulation systems, which is, in turn, driving up market expansion.
Governments of many developed and developing countries provide enticing reimbursement plans for healthcare institutions. The non-invasive brain stimulation system market is growing in terms of sales based on this ground as well.
The function of the brain is investigated using functional MRI (magnetic resonance imaging) and EEG (electroencephalogram) methods. The process of stimulating the brain is also used to promote mental activity. The two techniques for brain stimulation are repeated transcranial magnetic stimulation (TMS) and transcranial current stimulation (TCS).
These two procedures, which are collectively referred to as non-invasive brain stimulation, are used to both enhance brain function and disrupt brain activity. Over the forecast period, the increasing relevance of these techniques is anticipated to encourage the growth of the worldwide non-invasive brain stimulation system market.
The industry's leading companies are concentrating on getting new non-invasive brain stimulation systems approved and put on the market in order to increase the variety of products they provide.
In addition, major industry competitors are concentrating on releasing improved versions of their non-invasive brain stimulation systems in the market. The industry is anticipated to increase as new technologies are increasingly used by hospitals.
The hazards associated with deep brain stimulation treatments, such as lead misplacement and brain haemorrhage, are one of the main reasons impeding the growth of the global non-invasive brain stimulation system market. The risk of infections brought on by IPG is expected to limit the adoption of a Non-invasive Brain Stimulation System for Parkinson's disease.
On the other hand, another major restraint concerning the non-invasive brain stimulation systems market during the forecast period is likely to be electroconvulsive therapy. It has clinically demonstrated high efficacy in treating psychotic depression, and the number of patients utilizing the therapy is extremely high.
North America is predicted to dominate the global non-invasive brain stimulation systems market during the forecast period holding nearly 34.6% market share in 2022. a sizable population with depression and other neurological and psychological disorders, the presence of cutting-edge healthcare infrastructure and technologies, the availability of integrated healthcare IT products to maintain electronic health records, investments by governments in the creation of revolutionary medical devices, the availability of skilled and trained professionals, favorable reimbursement policies, and an increase in the adoption of advanced products are all contributing to the market growth in the region.
Statistics from the Centers for Disease Control and Prevention (CDC) show that between 3.5 million and 4 million persons in the United States of America alone have depression that is resistant to therapy.
In order to enhance equipment and technology and broaden the range of uses for non-invasive brain stimulation systems, there has been an increase in partnerships and cooperation between businesses and research universities on the international market. The market participants operating in the region have several prospects as a result of this and the rising number of approvals.
The second-largest market after the United States of America, Europe has had tremendous economic growth and increased healthcare access which resulted in the region holding almost 31.7% market share.
This has created a market opportunity for producers of innovative and non-invasive devices. During the forecast period, factors such as rising psychological disorder occurrence, rising health care spending, rising government initiatives, rising Research and Development activities, rising medical tourism, and rising demand for new treatments for these disorders are anticipated to support the growth of the non-invasive brain stimulation system market in Europe.
The therapeutic potential of brain stimulation in the treatment of brain-related illnesses is currently being researched by new entrants.
For instance, LivaNova and MicroPort Scientific got FDA clearance for RegaTM pacemakers in September 2019. On the other hand, OrbiMed Advisors and KCK Groups launched an investment round of USD 74 million that NeuroPace, Inc. concluded last October.
With the help of this finance, the business will be able to quickly develop and market its FDA-approved DBS product, the NeuroPace RNS system.
Numerous companies in the non-invasive brain stimulation system market are introducing novel, transportable, user-friendly, affordable, and highly effective products. Furthermore, a lot of businesses are concentrating on commercializing their offerings.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Product Type, Application, End-user, Region |
| Regions Covered |
North America; Latin America; The Asia Pacific; Middle East and Africa; Europe |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
| Key Companies Profiled |
NeoSync, Inc.; Highland Instruments; MagVenture; BrainsWay; Magstim |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: Latin America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Western Europe Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 15: Western Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 16: Western Europe Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Asia Pacific Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 19: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 20: Asia Pacific Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 21: Japan Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: Japan Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 23: Japan Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 24: Japan Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 25: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2017 to 2032
Table 27: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 28: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by End User, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 9: Global Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 11: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 14: Global Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 17: Global Market Attractiveness by Product Type, 2022 to 2032
Figure 18: Global Market Attractiveness by Application, 2022 to 2032
Figure 19: Global Market Attractiveness by End User, 2022 to 2032
Figure 20: Global Market Attractiveness by Region, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 22: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 23: North America Market Value (US$ Million) by End User, 2022 to 2032
Figure 24: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 28: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 29: North America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 30: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 37: North America Market Attractiveness by Product Type, 2022 to 2032
Figure 38: North America Market Attractiveness by Application, 2022 to 2032
Figure 39: North America Market Attractiveness by End User, 2022 to 2032
Figure 40: North America Market Attractiveness by Country, 2022 to 2032
Figure 41: Latin America Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 42: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 43: Latin America Market Value (US$ Million) by End User, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 57: Latin America Market Attractiveness by Product Type, 2022 to 2032
Figure 58: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 59: Latin America Market Attractiveness by End User, 2022 to 2032
Figure 60: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 61: Western Europe Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 62: Western Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 63: Western Europe Market Value (US$ Million) by End User, 2022 to 2032
Figure 64: Western Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 68: Western Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 71: Western Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 74: Western Europe Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 77: Western Europe Market Attractiveness by Product Type, 2022 to 2032
Figure 78: Western Europe Market Attractiveness by Application, 2022 to 2032
Figure 79: Western Europe Market Attractiveness by End User, 2022 to 2032
Figure 80: Western Europe Market Attractiveness by Country, 2022 to 2032
Figure 81: Asia Pacific Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 82: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 83: Asia Pacific Market Value (US$ Million) by End User, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 94: Asia Pacific Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 97: Asia Pacific Market Attractiveness by Product Type, 2022 to 2032
Figure 98: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness by End User, 2022 to 2032
Figure 100: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 101: Japan Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 102: Japan Market Value (US$ Million) by Application, 2022 to 2032
Figure 103: Japan Market Value (US$ Million) by End User, 2022 to 2032
Figure 104: Japan Market Value (US$ Million) by Country, 2022 to 2032
Figure 105: Japan Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 106: Japan Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 107: Japan Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 108: Japan Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 109: Japan Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 110: Japan Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 111: Japan Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 112: Japan Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 113: Japan Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 114: Japan Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 115: Japan Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 116: Japan Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 117: Japan Market Attractiveness by Product Type, 2022 to 2032
Figure 118: Japan Market Attractiveness by Application, 2022 to 2032
Figure 119: Japan Market Attractiveness by End User, 2022 to 2032
Figure 120: Japan Market Attractiveness by Country, 2022 to 2032
Figure 121: Middle East and Africa Market Value (US$ Million) by Product Type, 2022 to 2032
Figure 122: Middle East and Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 123: Middle East and Africa Market Value (US$ Million) by End User, 2022 to 2032
Figure 124: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 125: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 126: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 127: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 128: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2017 to 2032
Figure 129: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032
Figure 130: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032
Figure 131: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 135: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 136: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 137: Middle East and Africa Market Attractiveness by Product Type, 2022 to 2032
Figure 138: Middle East and Africa Market Attractiveness by Application, 2022 to 2032
Figure 139: Middle East and Africa Market Attractiveness by End User, 2022 to 2032
Figure 140: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
The global non-invasive brain stimulation systems market is expected to progress at a CAGR of 6.6% (2022 to 2032).
North America is expected to hold the highest share (34.6%) in the global non-invasive brain stimulation systems market.
The global non-invasive brain stimulation systems market is predicted to account for USD 2,429.3 million by 2032.
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Non-invasive Brain Stimulation System Market
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