Besides, focused ultrasound surgery (FUS) is a non-invasive technique that can ablate tumor lesions precisely when combined with high-intensity imaging methods. The mechanisms of HIFU ablation involve thermal and mechanical effects. Recent advancements in HIFU therapy have widened its popularity. Many favorable results were achieved in managing various malignancies in the pancreas, breast, prostate, liver, kidney, and bone. Regardless, significant factors driving the HIFU therapy market include a rise in awareness among people about the therapy, an increase in the prevalence of cancer, approval of HIFU therapy for new indications, and an increase in safety and success of the treatment. According to American Institute for Cancer Research, There were around 18.1 Million cancer cases worldwide in 2020. Of these, 9.3 Million cases were in men and 8.8 Million in women.
COVID-19 Impact on (HIFU) High-intensity Focused Ultrasound Therapy Market:
The COVID-19 has impacted economies and industries in various countries due to lockdowns, business shutdowns and travel bans. The COVID-19 situation has overburdened public health systems in many countries and highlighted the vital need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the High-intensity focused ultrasound (HIFU) therapy industry has seen a growth drop. Nonetheless, the medical technologies and imaging segment is witnessing a decline in sales due to fewer elective surgeries and delayed or prolonged equipment procurement.
Worldwide High-intensity Focused Ultrasound (HIFU) Therapy Market Size was US$ 269.3 Million in 2021:
Based on modality, the High-Intensity Focused Ultrasound Therapy market is segmented into therapeutic ultrasound, hemostasis, others. It raises the healing rates, tissue relaxation, heating, local blood flow, and scar tissue breakdown. Therapeutic ultrasounds are utilized as two different effects such as deep heating effects and non-thermal effects. Non-thermal therapeutic ultrasounds effects help in the expansion and contraction of tissues called cavitation, whereas the deep heating process helps prove heat to the body's soft tissues.
North America High Intensity Focused Ultrasound has Significant Market Share
Geographically, North America accounts for a significant share. The prominent market of North America is attributed to the high diagnosis rate of diseases, increasing disposable income, well-developed health care infrastructure like hospital, Clinics, etc and high understanding about the latest medical developments among people. Moreover, high (R&D) research and development activities in the region promoting the growth of new therapies can be attributed to the region's large market share. The HIFU therapy market in the Asia Pacific region is anticipated to expand rapidly due to the increase in the prevalence of cancer, investment by market players in emerging countries such as India and China, and increased consumer awareness about the treatment of cancer.
High-intensity focused Ultrasound (HIFU) Therapy Industry is expected to grow at a CAGR of 10.3% from 2021 to 2027
In terms of application, the HIFU Therapy market includes Prostate Cancer, Uterine Fibroids, Neurological Disorders, Aesthetics, and Others. The rise in the prevalence of prostate diseases in men is driving the market for HIFU therapy. It is the most common procedure approved by FDA to treat prostate diseases. (BPH) Benign prostatic hyperplasia is among the common diseases in older men and is one of the most diagnosed cases of lower urinary tract symptom (LUTS). The prevalence of the disease increases with age, and as per the International Prostate Symptom Score, the US has the highest prevalence (~42%) of benign prostatic hyperplasia. The majority of bladder disease is also rising along with these diseases.
Competitive Landscape:
Major players operating in the HIFU therapy industry include Johnson & Johnson, Hitachi, Ltd, General Electric, Medtronic, Inc., Stryker, Koninklijke Philips, EDAP TMS S.A, Supersonic Imagine.
This report titled High Intensity Focused Ultrasound Market by Modality (Therapeutic Ultrasound, Hemostasis and Others), Method (Non-Invasive and Minimal-Invasive), Application (Prostate Cancer, Uterine Fibroids, Neurological Disorders, Aesthetics and Others) End User (Hospital, Clinics , Diagnostic Center, ASCs (Ambulatory surgery centers)), Region (North America, Europe Asia Pacific, Middle East and Africa, South and Central America)Company Analysis (Johnson & Johnson, Hitachi, Ltd, General Electric, Medtronic, Inc., Stryker, Koninklijke Philips, EDAP TMS S.A, Supersonic Imagine)" provides complete analysis on High Intensity Focused Ultrasound Market.
Modality - Market have been covered 3 Viewpoints
1. Therapeutic Ultrasound
2. Hemostasis
3. Others
Method - Market have been covered 2 Viewpoints
1. Non-Invasive
2. Minimal-Invasive
Application - Market have been covered 5 Viewpoints
1. Prostate Cancer
2. Uterine Fibroids
3. Neurological Disorders
4. Aesthetics
5. Others
End User - Market have been covered 4 Viewpoints
1. Hospital
2. Clinics
3. Diagnostic Center
4. ASCs (Ambulatory surgery centers)
Region - Market have been covered 5 Viewpoints
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South and Central America
All the key players have been covered 3 Viewpoints
1. Overviews
2. Recent Developments
3. Revenues
Company Analysis
1. Johnson & Johnson
2. Hitachi, Ltd
3. General Electric
4. Medtronic, Inc.
5. Stryker
6. Koninklijke Philips
7. EDAP TMS S.A
8. Supersonic Imagine
What is the estimated value of the Global High Intensity Focused Ultrasound Market?
What is the growth rate of the Global High Intensity Focused Ultrasound Market?
What is the forecasted size of the Global High Intensity Focused Ultrasound Market?
Who are the key companies in the Global High Intensity Focused Ultrasound Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 269.3 Million |
| Forecasted Market Value ( USD | $ 485.5 Million |
| Compound Annual Growth Rate | 10.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
Table of Contents
Companies Mentioned
- Johnson & Johnson
- Hitachi, Ltd
- General Electric
- Medtronic, Inc.
- Stryker
- Koninklijke Philips
- EDAP TMS S.A
- Supersonic Imagine
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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