Global High Intensity Focused Ultrasound (HIFU) Market, By Modality (Therapeutic Ultrasound, Hemostasis), Method (Non-Invasive, Minimal-Invasive Method), Application (Prostate Cancer, Uterine Fibroids, Others), End User (Diagnostic Centers, Hospitals, Research Centers) - Industry Trends and Forecast to 2030.
High Intensity Focused Ultrasound (HIFU) Market Analysis and Size
The global high intensity focused ultrasound (HIFU) market is rising steadily as a result of the increasing incidence of targeted diseases. Growing R & D activities is considerably driving the Global High Intensity Focused Ultrasound (HIFU) Market. Strategic initiatives by the key market players are one of the elements driving the market's rapid rise. Market players are expanding their product offerings in order to acquire a competitive advantage.
Data Bridge Market Research analyses that the global high intensity focused ultrasound (HIFU) market which was USD 275.30 Million in 2022, would rocket up to USD 476.56 Million by 2030, and is expected to undergo a CAGR of 7.1% during the forecast period. This indicates the market value. “Therapeutic Ultrasound” dominates the modality segment of the global high intensity focused ultrasound (HIFU) market owing to the increasing investment in healthcare. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
High Intensity Focused Ultrasound (HIFU) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Modality (Therapeutic Ultrasound, Hemostasis), Method (Non-Invasive, Minimal-Invasive Method), Application (Prostate Cancer, Uterine Fibroids, Others), End Users (Diagnostic Centers, Hospitals, Research Centers)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa
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Market Players Covered
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Medtronic (Ireland), Accutome, Inc.(U.S.), SonaCare Medical (U.S.), Koninklijke Philips N.V.(Netherlands), Johnson & Johnson Private Limited (India), Stryker (U.S.), Supersonic Imagine (France), Ultrasound Technologies Ltd. (UK), Blatek Industries Incorporated (U.S.), Chongqing Haifu Medical Technology Co., Ltd.(China), EDAP TMS (France), Shanghai A&S Technology Development Co., Ltd.(China), ILJIN (France), Image Guided Therapy (France), INSIGHTEC (Florida), Theraclion (France), Merz Pharma (Germany), Profound Medical (Canada), Sonic Concepts, Inc.(U.S.), Mianyang Sonic Electronic LTD. (China), FUS Instruments (Canada)
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Market Opportunities
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Market Definition
The global High Intensity Focused Ultrasound (HIFU) market refers to the market for medical devices and systems that utilize focused ultrasound waves to deliver precise and targeted therapeutic treatment for various medical conditions. HIFU technology enables non-invasive or minimally invasive procedures that can be used for thermal ablation, tissue destruction, and targeted drug delivery.
Global High Intensity Focused Ultrasound (HIFU) Market Dynamics
Drivers
Non-Invasive Treatment Option
High Intensity Focused Ultrasound (HIFU) offers a non-invasive treatment modality, which is attractive to patients seeking alternatives to traditional surgical procedures.
Increasing Prevalence of Targeted Diseases
The rising prevalence of conditions such as prostate cancer, uterine fibroids, and various tumors has driven the demand for HIFU as an effective treatment option.
Advancements in Technology
Continuous advancements in HIFU technology, including improved precision, imaging capabilities, and treatment planning, have expanded its applications and increased its adoption.
Opportunities
Growing Awareness and Acceptance
Increasing awareness among healthcare professionals and patients about the benefits of HIFU, along with growing acceptance and adoption of non-invasive treatment options, can drive market growth.
Furthermore, the rising collaboration, merger, and acquisition among the market players will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. Additionally, the rising number of market players will further expand the market's growth rate in the future.
Restraints/Challenges
On the other hand, the high cost associated with product manufacturing is expected to obstruct market growth. Also, the disruption in the supply chain industry has the potential to challenge the market’s growth. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies and lack of suitable infrastructure are projected to challenge the market in the forecast period of 2023-2030.
This global high intensity focused ultrasound (HIFU) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global high intensity focused ultrasound (HIFU) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- SonaCare Medical has been expanding its HIFU platform, Sonablate, to offer treatments for multiple indications. The company has been actively involved in clinical trials and partnerships to further validate the efficacy and safety of its HIFU systems.
- SonaCare Medical has been investing in research and development to enhance imaging capabilities, treatment planning software, and patient outcomes for prostate cancer and other targeted conditions.
Global High Intensity Focused Ultrasound (HIFU) Market Scope
The global high intensity focused ultrasound (HIFU) market is segmented on the basis of modality, method, application, and end users. The growth amongst these segments will help you analyse meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Modality
- Therapeutic Ultrasound
- Hemostasis
Method
- Non-Invasive
- Minimal-Invasive Method
Application
- Prostate Cancer
- Uterine Fibroids
- Others
End Users
- Diagnostic Centers
- Hospitals
- Research Centers
Global High Intensity Focused Ultrasound (HIFU) Market Regional Analysis/Insights
Global high intensity focused ultrasound (HIFU) market is analyzed, and market size insights and trends are provided by modality, method, application and end users as referenced above.
The countries covered in the global high intensity focused ultrasound (HIFU) market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa
North America is expected to dominate the market due to factors including rising healthcare costs, increased R & D and trending technological advancements.
Asia-Pacific is expected to witness the fastest growth during the forecast period of 2023 to 2030 because of the rising strategic initiatives by the key market players and favourable government initiatives in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global high intensity focused ultrasound (HIFU) market t also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global high intensity focused ultrasound (HIFU) market, the impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the High Intensity Focused Ultrasound market. The data is available for historic period 2015-2020.
Competitive Landscape and High Intensity Focused Ultrasound Market Share Analysis
The global high intensity focused ultrasound (HIFU) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global high intensity focused ultrasound (HIFU) market.
Some of the major players operating in the global high intensity focused ultrasound (HIFU) market are:
- Medtronic (Ireland)
- Accutome, Inc.(U.S.)
- SonaCare Medical (U.S.)
- Koninklijke Philips N.V.(Netherlands)
- Johnson & Johnson Private Limited (India)
- Stryker (U.S.)
- Supersonic Imagine (France)
- Ultrasound Technologies Ltd. (UK)
- Blatek Industries Incorporated (U.S.)
- Chongqing Haifu Medical Technology Co., Ltd.(China)
- EDAP TMS (France)
- Shanghai A&S Technology Development Co., Ltd.(China)
- ILJIN (France)
- Image Guided Therapy (France)
- INSIGHTEC (Florida)
- Theraclion (France)
- Merz Pharma (Germany)
- Profound Medical (Canada)
- Sonic Concepts, Inc.(U.S.)
- Mianyang Sonic Electronic LTD. (China)
- FUS Instruments (Canada)
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