Transcranial Magnetic Stimulation Treatment Market size is estimated to be USD 1.7 Billion in 2024 and is expected to reach USD 3.5 Billion by 2033 at a CAGR of 8.5% from 2026 to 2033.
The Transcranial Magnetic Stimulation Treatment Market in South Korea has been experiencing significant growth, driven by increasing mental health awareness and the demand for non-invasive therapies. In 2023, the market generated approximately USD 23.3 million in revenue and is projected to reach USD 44.7 million by 2030, growing at a compound annual growth rate (CAGR) of 9.8%.
Repetitive Transcranial Magnetic Stimulation (rTMS) is currently the most widely used type, accounting for the largest revenue share in 2023. Its non-invasive nature and effectiveness in treating depression have made it a preferred choice among healthcare providers. On the other hand, Deep Transcranial Magnetic Stimulation (dTMS) is emerging as the fastest-growing segment, offering deeper brain stimulation and showing promising results in treating various neurological disorders.
Several factors contribute to the rising demand for TMS treatments in South Korea:
Aging Population: With an increasing number of individuals aged 65 and above, there is a higher prevalence of neurological disorders such as Alzheimer's and Parkinson's diseases.
Technological Advancements: Innovations in TMS devices have improved treatment precision and accessibility, encouraging adoption among healthcare facilities.
Government Support: Favorable policies and increased healthcare expenditure have facilitated the approval and integration of TMS therapies into clinical practice.
Industries such as hospitals, mental health clinics, and research institutions are increasingly incorporating TMS treatments into their services. The non-invasive nature of TMS, combined with its efficacy, makes it an attractive option for patients seeking alternatives to traditional therapies.
As awareness of mental health issues grows and technological advancements continue, the Transcranial Magnetic Stimulation Treatment Market in South Korea is poised for sustained growth, offering new opportunities for healthcare providers and patients alike.
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Mindpath Health
Neuronetics
Smart rTMS Limited
Magstim
MagVenture
NeuroStar
Nexstim
Neurocare
Awakenings KC
Deymed
Mindful Health Solutions
RUSH
NeuroStim
Burrell Behavioral Health
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Transcranial Magnetic Stimulation Treatment Market
Conventional TMS
Deep TMS
Robot-assisted TMS
Major Depressive Disorder
Anxiety Disorders
Obsessive-Compulsive Disorder (OCD)
Post-Traumatic Stress Disorder (PTSD)
Chronic Pain
Stroke Rehabilitation
Psychiatric Clinics
Neurology Clinics
Hospitals
Research Institutions
Home Care Settings
Standalone Systems
Portable Systems
Single-Pulse TMS
Paired-Pulse TMS
Theta Burst Stimulation (TBS)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Transcranial Magnetic Stimulation Treatment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Transcranial Magnetic Stimulation Treatment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Transcranial Magnetic Stimulation Treatment Market, By Type
6. South Korea Transcranial Magnetic Stimulation Treatment Market, By Application
7. South Korea Transcranial Magnetic Stimulation Treatment Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Transcranial Magnetic Stimulation Treatment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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