According to Future Market Insights' estimation, the non-invasive brain stimulation systems market will be worth US$1,200.5 million by 2022. To reach US$ 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) | US$ 1,200.5 million |
| Non-invasive Brain Stimulation System Market Anticipated Forecast Value (2032) | US$ 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.
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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.
Principal Consultant
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.
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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 |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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 US$ 2,429.3 million by 2032.
1. Executive Summary | Non-invasive Brain Stimulation System Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2022 to 2032
5.3.1. Transcranial Magnetic Stimulation (TMS) System
5.3.2. Transcranial Current Stimulation (tCS) System
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2022 to 2032
6.3.1. Cronic Pain
6.3.2. Tremor
6.3.3. Depression
6.3.4. Epilepsy
6.3.5. Parkinson's Disease
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End User, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2022 to 2032
7.3.1. Hospital
7.3.2. Ambulatory Surgical Centers
7.3.3. Clinics
7.3.4. Specialty Care Value (US$ Million)
7.3.5. Others
7.4. Y-o-Y Growth Trend Analysis By End User, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By End User, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Asia Pacific
8.3.5. Japan
8.3.6. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Product Type
9.2.3. By Application
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Application
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.2. By Product Type
10.2.3. By Application
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Application
10.3.4. By End User
10.4. Key Takeaways
11. Western Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. United Kingdom
11.2.1.5. Spain
11.2.2. By Product Type
11.2.3. By Application
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Application
11.3.4. By End User
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. India
12.2.1.3. ASEAN
12.2.1.4. Australia
12.2.1.5. New Zealand
12.2.2. By Product Type
12.2.3. By Application
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Application
12.3.4. By End User
12.4. Key Takeaways
13. Japan Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.2. By Product Type
13.2.3. By Application
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Type
13.3.3. By Application
13.3.4. By End User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. S. Africa
14.2.1.3. N. Africa
14.2.2. By Product Type
14.2.3. By Application
14.2.4. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Type
14.3.3. By Application
14.3.4. By End User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. United Kingdom
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Product Type
15.1.2.2. By Application
15.1.2.3. By End User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Product Type
15.2.2.2. By Application
15.2.2.3. By End User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Product Type
15.3.2.2. By Application
15.3.2.3. By End User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Product Type
15.4.2.2. By Application
15.4.2.3. By End User
15.5. Rest of Latin America
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Product Type
15.5.2.2. By Application
15.5.2.3. By End User
15.6. Germany
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Product Type
15.6.2.2. By Application
15.6.2.3. By End User
15.7. United Kingdom
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Product Type
15.7.2.2. By Application
15.7.2.3. By End User
15.8. France
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Product Type
15.8.2.2. By Application
15.8.2.3. By End User
15.9. Spain
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Product Type
15.9.2.2. By Application
15.9.2.3. By End User
15.10. Italy
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Product Type
15.10.2.2. By Application
15.10.2.3. By End User
15.11. Rest of Europe
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Product Type
15.11.2.2. By Application
15.11.2.3. By End User
15.12. China
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Product Type
15.12.2.2. By Application
15.12.2.3. By End User
15.13. Japan
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Product Type
15.13.2.2. By Application
15.13.2.3. By End User
15.14. South Korea
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Product Type
15.14.2.2. By Application
15.14.2.3. By End User
15.15. Malaysia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Product Type
15.15.2.2. By Application
15.15.2.3. By End User
15.16. Singapore
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Product Type
15.16.2.2. By Application
15.16.2.3. By End User
15.17. Australia
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Product Type
15.17.2.2. By Application
15.17.2.3. By End User
15.18. Rest of Asia Pacific
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Product Type
15.18.2.2. By Application
15.18.2.3. By End User
15.19. GCC Countries
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Product Type
15.19.2.2. By Application
15.19.2.3. By End User
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Product Type
15.20.2.2. By Application
15.20.2.3. By End User
15.21. Israel
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2021
15.21.2.1. By Product Type
15.21.2.2. By Application
15.21.2.3. By End User
15.22. Rest of the Middle East and Africa(MEA)
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2021
15.22.2.1. By Product Type
15.22.2.2. By Application
15.22.2.3. By End User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product Type
16.3.3. By Application
16.3.4. By End User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. NeoSync, Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Highland Instruments
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Mayfield Brain and Spine
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Boston Scientific Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Abbott Laboratories
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Medtronic plc
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Non-invasive Brain Stimulation System Market
