Are you passionate about making a difference in people’s lives? Transforming Mind Solutions offers a unique opportunity to join a growing network dedicated to mental well-being and personal growth. As a franchisee, you’ll be part of a team that provides innovative and effective mental health solutions to individuals and communities.
Transcranial Magnetic Stimulation (TMS) Market Growth and Opportunities
The global Transcranial Magnetic Stimulator (TMS) market size was valued at US$1,125.25 million in 2022 and is estimated to reach US$2,244.79 million by 2030, growing at a CAGR of 9.2% during the forecast period (2023-2030).
Source: WHO – World Health Organisation June 2024
According to the World Health Organization (WHO), depression affects as many as 40 million (4.3%) of the adult European population. TMS is MHRA licensed for major depressive disorder (MDD) and obsessive-compulsive disorder (OCD), with NICE recommending it as a treatment option.
Researchers are increasingly interested in using Transcranial Magnetic Stimulation (TMS) to treat various mental health and neurological conditions. This growing interest is driven by:
TMS is emerging as a preferred treatment method for mental health disorders like depression, anxiety, and OCD. Psychiatrists and even non-psychiatrists are opening clinics nationwide, aiming to restore the lives of those affected by these debilitating conditions. However, several factors need consideration before investing in a TMS therapy system.
Before starting a TMS therapy clinic, it is crucial to understand the industry and the market in your geographic area. Since insurance began reimbursing for TMS in 2014, the sales of TMS therapy devices have consistently grown each year, and the insurance landscape has changed significantly.
If you already have a private practice, consider your TMS clinic as a separate business. While it may sound simple, many TMS clinic owners have launched their clinics without fully understanding the intricacies of running a successful TMS therapy clinic. Whether you are a healthcare provider, business owner, or entrepreneur, operating a TMS therapy clinic is quite different from running a private practice or any other business.
Take the first step towards a rewarding and fulfilling business venture. Contact us today to learn more about how you can join the Transforming Mind Solutions family and make a positive impact in your community.
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