Global Transcranial Magnetic Stimulators (TMS) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Single Pulse Transcranial Magnetic Stimulators and Repetitive Pulse Transcranial Magnetic Stimulators.

By Application;

Tinnitus, Alzheimer, Parkinson’s Disease, Psychiatric Disorders, Stroke, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn154170683 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Transcranial Magnetic Stimulators (TMS) Market (USD Million), 2021 - 2031

In the year 2024, the Global Transcranial Magnetic Stimulators (TMS) Market was valued at USD 1,209.36 million. The size of this market is expected to increase to USD 2,868.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.1%.

The Global Transcranial Magnetic Stimulators (TMS) Market is experiencing rapid growth driven by the rising prevalence of neurological and psychiatric disorders worldwide. Transcranial Magnetic Stimulation (TMS) has emerged as a promising therapeutic modality for various conditions, including depression, anxiety, and certain neurological disorders. TMS involves the non-invasive application of electromagnetic pulses to specific regions of the brain, modulating neural activity and offering potential therapeutic benefits. With an increasing understanding of the underlying neurobiology and the development of advanced TMS technologies, there has been growing interest and investment in the global TMS market.

The demand for TMS devices is fueled by the growing awareness of mental health disorders and the limitations of conventional treatments such as medication and psychotherapy. TMS offers advantages such as minimal side effects, targeted stimulation, and the potential for long-lasting clinical benefits, making it an attractive option for patients and healthcare providers alike. Additionally, advancements in TMS technology, including improved coil designs, navigational systems, and treatment protocols, have enhanced treatment outcomes and expanded the range of applications for TMS therapy. As a result, the global TMS market is witnessing increased adoption in both clinical and research settings, with a growing number of healthcare facilities incorporating TMS into their treatment regimens.

Favorable reimbursement policies and increased research funding are driving market growth and innovation in the TMS industry. Governments and healthcare organizations are recognizing the therapeutic potential of TMS and are taking steps to support its adoption and accessibility. Reimbursement coverage for TMS therapy is expanding, making it more accessible to patients and encouraging healthcare providers to invest in TMS equipment. Furthermore, ongoing research efforts are exploring new applications for TMS across various neurological and psychiatric conditions, paving the way for future advancements and market expansion. Overall, the global TMS market is poised for continued growth, driven by the convergence of technological innovation, clinical research, and evolving healthcare policies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Transcranial Magnetic Stimulators (TMS) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Neurological and Psychiatric Disorders
        2. Growing Awareness and Acceptance of TMS Therapy
        3. Advancements in TMS Technology
        4. Favorable Reimbursement Policies
        5. Rising Research and Development Activities
      2. Restraints
        1. Limited Adoption in Developing Regions
        2. High Cost of TMS Treatment
        3. Lack of Skilled Personnel and Training
        4. Regulatory Hurdles and Compliance Challenges
        5. Potential Side Effects and Safety Concerns
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Development of Portable and Wearable TMS Devices
        3. Integration of TMS with Other Therapeutic Modalities
        4. Research into New Applications of TMS Therapy
        5. Collaborative Partnerships and Strategic Alliances
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Transcranial Magnetic Stimulators (TMS) Market,By Type, 2021 - 2031 (USD Million)
      1. Single Pulse Transcranial Magnetic Stimulators
      2. Repetitive Pulse Transcranial Magnetic Stimulators
    2. Global Transcranial Magnetic Stimulators (TMS) Market, By Application, 2021 - 2031 (USD Million)
      1. Tinnitus
      2. Alzheimer
      3. Parkinson’s Disease
      4. Psychiatric Disorders
      5. Stroke
      6. Others
    3. Global Transcranial Magnetic Stimulators (TMS) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Axilum Robotics
      2. eNeura Inc
      3. Yiruide Medical
      4. Neosync
      5. Tianyi Medical
  7. Analyst Views
  8. Future Outlook of the Market