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) - Forecast till 2027
ID: MRFR/MED/0383-HCR | September 2022 | Region: Global | 110 Pages
Brief TOC
1 Report Prologue
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain
5.3 Investment Feasibility Analysis
5.4 Price Factor Analysis
6 Global High Intensity Focused Ultrasound (HIFU) Therapy Market, by Modality
6.1 Introduction
6.2 Therapeutic Ultrasound
6.3 Hemostasis
6.4 Lithotripsy
6.5 Thrombolysis
6.6 Immunomodulation
6.7 Others
7 Global High Intensity Focused Ultrasound (HIFU) Therapy Market, by Method
7.1 Introduction
7.2 Non-Invasive Method
7.3 Minimal Invasive Method
8 Global High Intensity Focused Ultrasound (HIFU) Therapy Market, by Application
8.1 Introduction
8.2 Prostate Cancer
8.3 Uterine Fibroids
8.4 Neurological Disorders
8.5 Cosmetic Medicine
8.6 Others
9 Global High Intensity Focused Ultrasound (HIFU) Therapy Market, by End User
9.1 Introduction
9.2 Diagnostic Centers
9.3 Hospitals
9.4 Research Centers
9.5 Others
10 Global High Intensity Focused Ultrasound (HIFU) Therapy Market, by Region
10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 US
10.2.1.2 Canada
10.2.2 Latin America
10.3 Europe
10.3.1 Western Europe
10.3.1.1 Germany
10.3.1.2 France
10.3.1.3 UK
10.3.1.4 Italy
10.3.1.5 Spain
10.3.1.6 Rest of Western Europe
10.3.2 Eastern Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Republic of Korea
10.4.5 Australia
10.4.6 Rest of Asia Pacific
10.5 Middle East & Africa
10.5.1 United Arab Emirates
10.5.2 Saudi Arabia
10.5.3 Oman
10.5.4 Kuwait
10.5.5 Qatar
10.5.6 Rest of Middle East & Africa
11 Company Landscape
11.1 Introduction
11.2 Market share Analysis
11.3 Key Development & Strategies
11.3.1 Key Developments
12 Company Profiles
12.1 Image Guided Therapy
12.1.1 Company Overview
12.1.2 Product Overview
12.1.3 Financials
12.1.4 SWOT Analysis
12.2 EDAP TMS
12.2.1 Company Overview
12.2.2 Product Overview
12.2.3 Financial Overview
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.3 SonaCare Medical, LLC
12.3.1 Company Overview
12.3.2 Product Overview
12.3.3 Financial Overview
12.3.4 Key Development
12.3.5 SWOT Analysis
12.4 Theraclion
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Overview
12.4.4 Key Development
12.4.5 SWOT Analysis
12.5 Chongqing Haifu Medical Technology Co., Ltd
12.5.1 Company Overview
12.5.2 Product Overview
12.5.3 Financial overview
12.5.4 Key Developments
12.6 Koninklijke Philips N.V.,
12.6.1 Company Overview
12.6.2 Product Overview
12.6.3 Financial Overview
12.6.4 Key Developments
12.7 Alpinion Medical Systems
12.7.1 Overview
12.7.2 Product Overview
12.7.3 Financials
12.7.4 Key Developments
12.7.5 SWOT Analysis
13 MRFR Conclusion
13.1 Key Findings
13.1.1 From CEO’s View Point
13.1.2 Unmet Needs of the Market
13.2 Key Companies to Watch
13.3 Prediction of High Intensity Focused Ultrasound (HIFU) Therapy Industry
14 Appendix
High Intensity Focused Ultrasound Therapy (HIFU) Market
The High Intensity Focused Ultrasound (HIFU) Market is expected to grow at a CAGR of 21.9% during the forecast period.
$398,746 thousand
Market Size
21.9%
CAGR
North America
Dominating Region
2022-2030
Forecast Period
Segmentation
Key Players
- Guided Therapy
- EDAP TMS
- SonaCare Medical LLC
- heraclion
- Chongqing Haifu Medical Technology Co. Ltd
- Koninklijke Philips N.V.
- Shanghai A&S Co. LTD
- Mianyang Sonic Electronic Ltd.
- Insightec
- Alpinion Medical Systems
- FUS Instruments
Drivers
- Increasing development in medical technology and its wide-range applications used in the treatment
- Increasing healthcare expenditure
High Intensity Focused Ultrasound (HIFU) Therapy Market Overview
The global high intensity focused ultrasound (HIFU) therapy market is expected to grow at a CAGR of 7.8% during the forecast period 2017-2023. Ongoing technological improvements in the field of diagnostic and therapeutic ultrasound imaging, obtainability of medical indemnified for diagnostic ultrasound procedures in grown-up markets, and the rising uses of emerging ultrasound techniques are boosting the growth of the ultrasound or HIFU market. The effect of the covid-19 pandemic and the lockdowns it triggered is clearly visible in several markets, including the ultrasound market. However, last year, the overall growth of several sectors has been highly affected, especially countries with a high rising rate of covid-19, such as India, China, Brazil, the USA, and various European countries, that includes Spain, Russia, the UK, and Italy.
FIGURE 1 Global High Intensity Focused Ultrasound (HIFU) Therapy Market, by Applications, 2016 (%) 
Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation
Key Players
Some of the key players in high intensity focused ultrasound (HIFU) therapy market are Image Guided Therapy, EDAP TMS, SonaCare Medical, LLC, Theraclion, Chongqing Haifu Medical Technology Co., Ltd, Koninklijke Philips N.V., Shanghai A&S Co. LTD, Mianyang Sonic Electronic Ltd., Insightec, Alpinion Medical Systems, and FUS Instruments.
Segments
The global high intensity focused ultrasound (HIFU) therapy market is segmented on the basis of modality, which comprises of therapeutic ultrasound, hemostasis, lithotripsy, thrombolysis, immunomodulation, and others.
On the basis of the methods, the high intensity focused ultrasound (HIFU) therapy market is segmented into non-invasive method, and minimal invasive method.
On the basis of applications, the high intensity focused ultrasound (HIFU) therapy market is segmented into prostate cancer, uterine fibroids, neurological disorders, cosmetic medicine, and others.
On the basis of end users, the high intensity focused ultrasound (HIFU) therapy market is segmented into diagnostic centers, hospitals, research centers, and others.
Regional Analysis
The Americas accounts for the largest share in the global high intensity focused ultrasound (HIFU) therapy market. It includes North America and South America. North America dominates the market due to growing prevalence of cancers in this region, which is one of the major driving factors for the growth of high intensity focused ultrasound (HIFU) therapy market.
Europe is the second highest revenue generating region in the global HIFU therapy market. Europe is mainly consist of Eastern Europe and Western Europe. More developed countries of Western Europe such as Germany, France, and the UK are holding the major market share, whereas the Eastern European countries are also growing at a significant rate. Owing to developing healthcare infrastructure and increasing healthcare expenditure, and growing adoption of HIFU therapy for the treatment of cancers and related diseases drive the growth of the HIFU therapy market.
In Asia Pacific, increasing government support for research & development in healthcare domain, growing number of cancer cases drives the growth of the market.
The Middle East & Africa is expected to show a least market share due to less availability of medical facilities, and less development in healthcare domain.
Recent Development
When industries like oil and petroleum, aeronautics, and the healthcare, biotechnologies, and pharmaceutical industries are concentrating on optimizing their applications to help a maximum number of patients and healthcare professionals. The market for ultrasound has been severely affected by the pandemic and this trend is projected to continue in rules, regulations, and guidelines are degrading the growth of the ultrasound market. The shutting down of manufacturing provisions due to lockdowns, disruptions in the supply chain, and recruitment challenges for clinical trials have again affected the growth of the overall global ultrasound market. The high and rising cases of target diseases and conditions will drive the adoption of productive diagnostic and therapeutic procedures. The ultrasound technologies are cost-efficient, safer, and offer earlier diagnostic and treatment of targeted disease administrative is projected to rise during the anticipated period. According to the American heart association’s analyst, by 2030, about 41.1% of adults will have hypertension and the number will increase.
Intended Audience
- High intensity focused ultrasound (HIFU) system/device supplies companies
- High intensity focused ultrasound (HIFU) system/device providers
- Research and development (R&D) companies
- Market research and consulting service providers
- Potential investors
Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | Significant Value |
| CAGR | 2017-2023: 7.8% |
| Base Year | 2019 |
| Forecast Period | 2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Modality, Method, Application and End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Image Guided Therapy, EDAP TMS, SonaCare Medical, LLC, Theraclion, Chongqing Haifu Medical Technology Co., Ltd, Koninklijke Philips N.V., Shanghai A&S Co. LTD, Mianyang Sonic Electronic Ltd., Insightec, Alpinion Medical Systems and FUS Instruments |
| Key Market Opportunities |
|
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The expected CAGR of High-Intensity Focused Ultrasound (HIFU) Market is 7.8% for the forecast period involving 2018 to 2023.
The high cost of the treatment and certain adverse effects can hold back the High-Intensity Focused Ultrasound (HIFU) Market growth.
The players of High-Intensity Focused Ultrasound (HIFU) Market are EDAP TMS, Image-Guided Therapy, Theraclion, Chongqing Haifu Medical Technology Co., Ltd, SonaCare Medical, LLC, Shanghai A&S Co. LTD, Koninklijke Philips N.V., Insightec, Alpinion Medical Systems, Mianyang Sonic Electronic Ltd., and FUS Instruments.
The applications are SonaCare Medical, LLC, Image-Guided Therapy, EDAP TMS, Chongqing Haifu Medical Technology Co., Ltd, Theraclion, Shanghai A&S Co. LTD, Koninklijke Philips N.V., Insightec, Alpinion Medical Systems, Mianyang Sonic Electronic Ltd., and FUS Instruments.
The High-Intensity Focused Ultrasound (HIFU) Market report includes research centers, hospitals, diagnostic centers, and others.
