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Market Intel: Opportunities for Medtech In Mental Health (Part 1) – Transcranial Magnetic Stimulation

 
• By Marion Webb

With the global pandemic leading to a big rise in mental health issues, medtech could have a role to play. In this first part of a two-part series focusing on mental health tech, Medtech Insight focuses on transcranial magnetic stimulation systems used to treat severe anxiety and depression, among other indications. Part two will focus on the skyrocketing use of telehealth, apps and light therapy.   

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As people everywhere continue to face uncertainties and challenges during the COVID-19 pandemic, rates of depression, anxiety and feelings of hopelessness are also on the rise. According to a poll by the Kaiser Health Foundation, 45% of adults in the US reported their mental health has been negatively impacted due to worry and stress over the virus. Feelings of anxiety and depression are increasingly common and thoughts of obsessive compulsive disorder have also been heightened by fear of the virus.

This could add further strain to the provision of mental health services and lead to greater demand for alternative, device-based treatments. One such FDA-cleared treatment is transcranial magnetic stimulation (TMS)....

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