The global High Intensity Focused Ultrasound (HIFU) Market is estimated to be valued at US$ 112.7 Mn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
High Intensity Focused Ultrasound (HIFU) uses ultrasound energy to heat and destroy diseased tissue through ablation. It is a non-invasive treatment used for conditions like uterine fibroids, prostate cancer, and others without making incisions. Advantages include reduced risk of infection, minimal pain and scarring.
Market key trends:
One of the key trends in the HIFU market is the increasing investments by key players for development of new devices and applications. Researchers are working on expanding the use of HIFU in treatment of various cancers like liver, lung and pancreatic cancer. Ongoing clinical trials and FDA approvals for new indications are also fueling the growth of HIFU market. Advancements in HIFU technologies allow precise treatment with minimal side effects and recovery time, increasing its adoption.
Segment Analysis
The global high intensity focused ultrasound (HIFU) market is dominated by the therapeutic applications segment. This segment holds the largest market share owing to the increasing usage of HIFU for the treatment of various cancer types such as prostate cancer, breast cancer, and pancreatic cancer. HIFU offers non-invasive treatment for these cancers without any surgical procedures or incisions. The rapid growth in cancer incidence rates globally has boosted the adoption of HIFU therapeutic applications.
Key Takeaways
The Global High Intensity Focused Ultrasound (HIFU) Market Size is expected to witness high growth, exhibiting a CAGR of 7.1% over the forecast period, due to increasing incidence of cancer worldwide. The global HIFU market size is estimated to reach US$ 112.7 Mn by 2023.
Regional analysis: North America currently dominates the global HIFU market and is expected to continue its dominance over the forecast period. Higher healthcare expenditure and growing adoption of minimally invasive treatments for various cancer types are driving the North American market. Asia Pacific is expected to be the fastest growing regional market for HIFU owing to rapidly increasing cancer cases and rising medical tourism in countries like China, India, and Japan.
Key players: Key players operating in the high intensity focused ultrasound (HIFU) market are Koninklijke Philips N.V., Â Sonic Concepts, Inc., Â Theraclion, Â Sonablate, Alpinion Medical Systems Co., Ltd., Shanghai Carnation Medical Technology Co., Ltd., Insightec, FUS Instruments Inc., Mianyang Sonic Electronic, Profound Medical, Merz Pharmaceuticals GmbH, Image Guided Therapy, and Promedica Bioelectronics s.r.l. Philips, Insightec and Alpinion Medical Systems are the top players in this market.
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High Intensity Focused Ultrasound (HIFU) Market Information: By Modality (Therapeutic Ultrasound, Hemostasis), By Method (Non-Invasive and Minimal-Invasive Method), By Application (Prostate Cancer, Uterine Fibroids, and others), By End Users (Diagnostic Centers, Hospitals, Research Centers) - Global Forecast till 2023High intensity focused ultrasound therapy is generally used to treat cancer cells with high-frequency sound waves.
Hence, the high intensity focused ultrasound therapy is not suitable for the treatment of malignant tumors.
The global HIFU Treatments market is expected to register a 7.8% CAGR through the forecast period.Many attributable factors are fueling growth in the HIFU market.
Such therapy is used for the treatment of neurological disorders, cosmetic medicine, as well as uterus fibroids.
However, a high cost of treatment and various side-effects are estimated to refrain the market from growing during the assessment period.Key PlayersVarious prominent players influencing growth in the global high intensity focused ultrasound market, as profiled in the latest report by MRFR, include Image Guided Therapy, EDAP TMS, SonaCare Medical, LLC, Theraclion, Chongqing Haifu Medical Technology Co., Ltd, Koninklijke Philips N.V., Shanghai A Co. LTD, Mianyang Sonic Electronic Ltd., Insightec, Alpinion Medical Systems, and FUS Instruments.Market SegmentationThe global high intensity focused ultrasound market has been studied for various segments by MRFR for a deeper and insightful analysis.
Based on methods, the high intensity focused ultrasound market is segmented into uterine fibroids, prostate cancer, cosmetic medicine, and neurological disorders.
It can kill cancer cells with high frequency sound waves.
HIFU technology is broadly used in oncology because of its non-invasive, low complications rates as well as sharp treatment margins.
According to Renub research new report, Global High intensity focused ultrasound (HIFU) Market will be US$ 548.6 Million by 2026.Surging prevalence of various types of cancers like primary and secondary liver cancer, pancreatic cancer, prostate, kidney cancer, and bladder cancer will further give traction to this market.
The surge in awareness for early disease diagnosis and favorable regulatory scenario towards HIFU devices is boosting the market growth as well as limitations associated with HIFU technology and a dearth of skilled professionals hindering the market growth.Renub Research report titled “High Intensity Focused Ultrasound Market by Application (Prostate Cancer, Neurological Disorder, Cosmetic Medicine, Uterine Fibroids), Regulatory Approval of Companies & Insurance Coverage in the United States, Company (EDAP TMS, Sonacare Medical, Haifu, Insightec , Theraclion, Alpinion , Shanghai A Co., LTD, Eye Tech Care, FUS Instruments, Image Guided Therapy, Philips Healthcare, Profound Medical Corp, Promedica Bioelectronics, Shenzhen Wikkon, Sonic Concepts, Verasonics, Changjiangyuan Technology Development Co., Ltd)” provides an all-encompassing analysis of the HIFU Companies Products.Request a free Sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=high-intensity-focused-ultrasound-hifu-product-analysis-of-20-manufacturers-and-deals-1093-p.phpApplication – In this report, we have covered Global HIFU market by following Applications• Prostate Cancer• Uterine Fibroids• Neurological Disorders• Cosmetic Medicine• OthersTreatment by Indication• Brain Treatment by Indication• Other Treatments by IndicationAll the companies have been studied from four points1.
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