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Global High Intensity Focused Ultrasound Market Report and Forecast 2024-2032

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    Report

  • 140 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5910880
The high intensity focused ultrasound market size was valued at USD 112.1 million in 2023, driven by its applications in several medical domain due to its minimally invasive technology across the globe. The market is expected to grow at a CAGR of 7.3% during the forecast period of 2024-2032, with the values likely to rise from USD 120.2 million in 2024 to USD 210.6 million by 2032.

High Intensity Focused Ultrasound (HIFU): Introduction

High Intensity Focused Ultrasound (HIFU) is a non-invasive therapeutic technique that uses ultrasound waves to target and treat specific areas of the body. By focusing a beam of high-intensity ultrasound energy on a precise point, HIFU generates localized heat, effectively damaging or destroying tissue in the targeted area without affecting the surrounding tissues. This technology has been particularly advantageous in the treatment of various medical conditions, including certain cancers like prostate cancer.

HIFU offers multiple benefits, such as reduced recovery times, minimized risk of infection, and the elimination of surgical incisions. Its ability to accurately target tissues has made it a valuable tool in both the oncological and cosmetic medical fields. As medical technology continues to evolve, HIFU stands out as a promising modality, blending the principles of imaging and therapy into a single, efficient procedure.

Key Trends in the Global High Intensity Focused Ultrasound (HIFU) Market

The global high intensity focused ultrasound (HIFU) market is witnessing several pivotal trends, reflecting the evolving landscape of non-invasive therapeutic technologies. A predominant trend is the expanding application of HIFU beyond its initial uses, particularly in treating various types of cancers, including liver, kidney, and breast cancers. There is also a growing interest in its cosmetic applications for skin tightening and body contouring. Technological advancements are leading to devices with enhanced precision and reduced treatment times, further boosting their adoption in clinical settings.

The shift towards outpatient and minimally invasive procedures, driven by the desire for shorter recovery times and reduced hospital stays, is propelling HIFU's popularity. Regulatory approvals in various regions are also expanding, opening new markets, and broadening HIFU's global reach.

Additionally, collaborations and partnerships among device manufacturers, research institutions, and healthcare providers are fostering innovation and facilitating clinical trials. As patient preference leans towards non-surgical and non-invasive treatments, the HIFU market is poised for sustained growth, driven by both medical efficacy and patient demand.

Global High Intensity Focused Ultrasound (HIFU) Market Segmentation

Market Breakup by Modality

  • Therapeutic Ultrasound
  • Haemostasis

Market Breakup by Method

  • Non-Invasive
  • Minimal-Invasive Method

Market Breakup by Application

  • Prostate Cancer
  • Neurological Disorders
  • Aesthetics
  • Uterine Fibroids
  • Others

Market Breakup by End User

  • Diagnostic Centres
  • Hospitals
  • Research Centres
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global High Intensity Focused Ultrasound (HIFU) Market Overview

The global high intensity focused ultrasound (HIFU) market has emerged as a significant player in the realm of non-invasive therapeutic technologies. HIFU, with its precision-targeted ultrasound waves, offers an effective alternative to traditional surgical procedures, especially in oncological treatments like prostate cancer. Beyond its established medical applications, the technology is experiencing growing interest in the cosmetic sector, addressing needs ranging from skin rejuvenation to body contouring. The drive towards outpatient treatments and minimally invasive modalities has further bolstered HIFU's global adoption.

Technological enhancements, resulting in faster and more precise treatments, have solidified its position as a preferred therapeutic choice. Regulatory bodies in various regions have been granting approvals, paving the way for HIFU's broader acceptance in mainstream healthcare. While mature markets in North America and Europe continue to be dominant forces, the Asia Pacific region is showcasing robust growth, driven by rising healthcare investments and increasing patient awareness. Collaborative efforts, merging the expertise of device manufacturers, research institutions, and clinicians, are propelling the market forward, ensuring that HIFU remains at the forefront of therapeutic innovation.

Global High Intensity Focused Ultrasound (HIFU) Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • Medtronic
  • Accutome, Inc.
  • SonaCare Medical
  • Koninklijke Philips N.V.
  • Johnson & Johnson Private Limited
  • Stryker
  • Supersonic Imagine
  • Ultrasound Technologies Ltd.
  • Blatek Industries Incorporated
  • Chongqing Haifu Medical Technology Co., Ltd.
  • Shanghai A&S Technology Development Co., Ltd.
  • Merz Pharma
  • Sonic Concepts, Inc.
  • Mianyang Sonic Electronic LTD.
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global High Intensity Focused Ultrasound (HIFU) Market Overview
3.1 Global High Intensity Focused Ultrasound (HIFU) Market Historical Value (2017-2023)
3.2 Global High Intensity Focused Ultrasound (HIFU) Market Forecast Value (2024-2032)
4 Global High Intensity Focused Ultrasound (HIFU) Market Landscape
4.1 Global High Intensity Focused Ultrasound (HIFU) Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global High Intensity Focused Ultrasound (HIFU) Product Landscape
4.2.1 Analysis by Modality
4.2.2 Analysis by Method
4.2.3 Analysis by Application
5 Global High Intensity Focused Ultrasound (HIFU) Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global High Intensity Focused Ultrasound (HIFU) Market Segmentation
6.1 Global High Intensity Focused Ultrasound (HIFU) Market by Modality
6.1.1 Market Overview
6.1.2 Therapeutic Ultrasound
6.1.3 Hemostasis
6.2 Global High Intensity Focused Ultrasound (HIFU) Market by Method
6.2.1 Market Overview
6.2.2 Non-Invasive
6.2.3 Minimal-Invasive Method
6.3 Global High Intensity Focused Ultrasound (HIFU) Market by Application
6.3.1 Market Overview
6.3.2 Prostate Cancer
6.3.3 Neurological Disorders
6.3.4 Aesthetics
6.3.5 Uterine Fibroids
6.3.6 Others
6.4 Global High Intensity Focused Ultrasound (HIFU) Market by End User
6.4.1 Market Overview
6.4.2 Diagnostic Centres
6.4.3 Hospitals
6.4.4 Research Centres
6.4.5 Others
6.5 Global High Intensity Focused Ultrasound (HIFU) Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America High Intensity Focused Ultrasound (HIFU) Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe High Intensity Focused Ultrasound (HIFU) Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific High Intensity Focused Ultrasound (HIFU) Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America High Intensity Focused Ultrasound (HIFU) Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa High Intensity Focused Ultrasound (HIFU) Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding & Investment Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Supplier Landscape
16.1 Medtronic
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisitions
16.1.5 Certifications
16.2 Accutome, Inc.
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 SonaCare Medical
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.3.5 Certifications
16.4 Koninklijke Philips N.V.
16.4.1 Financial Analysis
16.4.2 Financial Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 Johnson & Johnson Private Limited
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 Stryker
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 Supersonic Imagine
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 Ultrasound Technologies Ltd.
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 Blatek Industries Incorporated
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 Chongqing Haifu Medical Technology Co., Ltd.
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
16.11 Shanghai A&S Technology Development Co., Ltd.
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.11.5 Certifications
16.12 Merz Pharma
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisitions
16.12.5 Certifications
16.13 Sonic Concepts, Inc.
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisitions
16.13.5 Certifications
16.14 Mianyang Sonic Electronic LTD.
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisitions
16.14.5 Certifications
17 Global High Intensity Focused Ultrasound (HIFU) Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket

Companies Mentioned

  • Medtronic
  • Accutome, Inc.
  • SonaCare Medical
  • Koninklijke Philips N.V.
  • Johnson & Johnson Private Limited
  • Stryker
  • Supersonic Imagine
  • Ultrasound Technologies Ltd.
  • Blatek Industries Incorporated
  • Chongqing Haifu Medical Technology Co., Ltd.
  • Shanghai A&S Technology Development Co., Ltd.
  • Merz Pharma
  • Sonic Concepts, Inc.
  • Mianyang Sonic Electronic LTD.

Methodology

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