High intensity focused ultrasound market overview and analysis by modality, by method, by application, by end users - forecast till 2030. The high intensity focused ultrasound (HIFU) therapy market is projected to expand exponentially at a stellar 15.50% CAGR over the assessment period (2022-2030). HIFU is a non-invasive, innovative treatment for various forms of diseases and tumors. It utilizes an ultrasound transducer akin to those used in diagnostic imaging yet with higher energy.
To kill the target tissue, this transducer focuses sound waves such that they produce heat in a single area of the body. The prostate, pancreatic, bladder, and liver cancers are the most frequently treated cancers with HIFU technology. The management of fibroids also makes use of HIFU. Some of the key benefits of this technology include precision, a shorter recovery time, the absence of ionizing radiation, reduced risk, non-invasive therapy, and non-surgical procedures. HIFU is commonly used for cosmetic procedures as well. It will help to target the development of Jowell lines and V lines as well as skin tightening, pore reduction, and wrinkle reduction. Overall, it will improve the pores, elasticity, brightness, and tone of the skin. Last but not least, HIFU is incredibly successful in treating fat loss, inch loss, and skin tightening.
The market for high-intensity focused ultrasound therapy is expanding due to a number of causes. According to an analysis by Market Research Future (MRFR), there are a variety of market trends and factors that affect this market, including an increase in the elderly population, a rise in cancer prevalence, increased awareness of the importance of early disease diagnosis, an increase in the demand for HIFU devices, the high potential of emerging economies, advancements in medical technology, and its widespread use in cosmetic medicine and the treatment of neurological disorders. On the other hand, HIFU therapy restrictions, a lack of qualified medical personnel, a few side effects, and expensive treatment costs could stymie the market's expansion.
Key Players
The high intensity focused ultrasound market players include FUS Instruments, Alpinion Medical Systems, Insightec, Mianyang Sonic Electronic Ltd., Shanghai AS Co. LTD, Koninklijke Philips N.V., Chongqing Haifu Medical Technology Co., Ltd, Theraclion, SonaCare Medical, LLC, EDAP TMS, and Image Guided Therapy.
Market Segmentation
In the Market Research Future (MRFR) report, the high intensity focused ultrasound therapy market size has been segmented on the basis of modality, methods, applications and end user.
Based on modality, it is segmented into immunomodulation, thrombolysis, lithotripsy, hemostasis, therapeutic ultrasound and others.
Based on methods, the high intensity focused ultrasound therapy market is segmented into minimal invasive methods and non-invasive methods.
Based on applications, it is segmented into cosmetic medicine, neurological disorders, uterine fibroids, prostate cancer and others. Of these, prostate cancer will have the maximum share in the high intensity focused ultrasound therapy market.
Based on end-users, it is segmented into research centers, hospitals, diagnostic centers and others.
Regional Analysis
Based on region, the high intensity focused ultrasound therapy market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, and the Middle East and Africa. Of these, North America will rule the market owing to increasing incidence of cancer cases in the region coupled with well-developed technology. Europe grabs the second largest share in the high intensity focused ultrasound therapy market owing to growing demand for cancer treatment methods along with investment in RD in creating novel treatment techniques for cancer diseases.
The market in the APAC region will be the fastest growing. India is the biggest potential market owing to rising investments in the healthcare services coupled with rising adaption of latest technologies utilized for diagnosis as well as treatment. On the other hand, the high intensity focused ultrasound therapy market in the Middle East and Africa is anticipated to have a steady growth owing to increasing demand for primary healthcare services including advanced and new treatment process in the healthcare sector.
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