The global High Intensity Focused Ultrasound (HIFU) market reached a value of US$ 420.50 billion in 2021. Looking ahead, the market is expected to reach $ 757.06 billion by 2027, growing at a CAGR of 7.5% between 2022 and 2027.
High intensity focused ultrasound is a noninvasive therapeutic approach that uses nonionizing ultrasonic pulses to heat tissues. High-frequency sound waves are employed in HIFU therapy to kill cancer cells while also promoting the flow of blood and lymph. It is not appropriate for all cancers since it cannot penetrate thick bones. Additionally, the device being utilized for this treatment emits high-frequency sound waves. A growing preference for noninvasive procedures, rising occurrences of kidney stones and prostate disorders, and an increase in the frequency of cancer worldwide are all factors contributing to the expansion of high-intensity focused ultrasound therapy in the healthcare market. On the other hand, factors like HIFU treatment adverse effects are restricting the market's expansion. After the pandemic, the high-intensity focused ultrasound therapy market in healthcare is predicted to rise significantly. Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on the economies and industries of many different nations. The COVID-19 problem has put an excessive strain on public health systems in several nations and emphasized the critical need for long-term investments in healthcare infrastructure. The healthcare sector's development is anticipated to slow as the COVID-19 pandemic spreads.
August 25, 2020: EDAP Announces Approval for Phase II Study Evaluating High Intensity Focused Ultrasound (HIFU) for Deep Invasive Endometriosis --
EDAP TMS SA (Nasdaq: EDAP), the global leader in robotic energy-based therapies, today announced that the company has received approval from French health authorities to initiate a Phase II multicenter clinical trial evaluating its Focal One® HIFU to treat deep rectal endometriosis. In this Phase II multicenter study, a single patient group of 38 women with a confirmed diagnosis of deep rectal endometriosis will be treated in a total of five major hospitals in France, and both safety and efficacy will be assessed. This study is planned to commence in September at the Croix-Rousse University Hospital and expand to four additional sites.
March 02, 2021: ALPINION Launches X-CUBE 90, A High-Performance Ultrasound Diagnostic System--
ALPINION MEDICAL SYSTEMS Co., Ltd (ALPINION), a medical ultrasound professional, announced that it will launch X-CUBE 90 in March. X-CUBE 90 is the top-tier model of X-CUBE, a brand developed by upgrading the existing E-CUBE product line. Compared to the existing models, X-CUBE 90 provides a more detailed image and comfortable user interface and thus a diagnostic environment of greater efficiency.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
One of the largest shares belongs to North America. The significant market in North America is linked to the high rate of disease diagnosis, rising disposable income, well-developed health care infrastructure, including hospitals and clinics, and high public awareness of the most recent medical advancements. The region's strong market share can also be ascribed to the high (R&D) research and development efforts that support the development of novel medicines. Due to the rising cancer prevalence, market players' investments in developing nations like China and India, as well as growing consumer knowledge of cancer treatment options, the Asia Pacific region's HIFU therapy market is predicted to grow quickly.
The High Intensity Focused Ultrasound (HIFU) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global High Intensity Focused Ultrasound (HIFU) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.5% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Chongqing Haifu Medical Technology, Profound Medical, Shanghai A&S, SonaCare Medical, EDAP TMS, Changjiangyuan Technology Development, Theraclion, Wikkon, Alpinion Medical Systems, Mianyang Sonic Electronic Ltd., Image Guided Therapy, Sonacare Medical LLC, Koninklijke Philips N.V., Shanghai A & S Science Technology Development Co., Ltd, Insightec Ltd., FUS Instruments, Johnson & Johnson, Hitachi, Ltd, General Electric, Medtronic, Inc., Stryker, Supersonic Imagine |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 164 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of High Intensity Focused Ultrasound (HIFU) Market?
The High Intensity Focused Ultrasound (HIFU) Market is growing at a CAGR of 7.5% over the next 5 years.
Who are the key players in High Intensity Focused Ultrasound (HIFU) Market?
Chongqing Haifu Medical Technology, Profound Medical, Shanghai A&S, SonaCare Medical, EDAP TMS, Changjiangyuan Technology Development, Theraclion, Wikkon, Alpinion Medical Systems, Mianyang Sonic Electronic Ltd., Image Guided Therapy, Sonacare Medical LLC, Koninklijke Philips N.V., Shanghai A & S Science Technology Development Co., Ltd, Insightec Ltd., FUS Instruments, Johnson & Johnson, Hitachi, Ltd, General Electric, Medtronic, Inc., Stryker, Supersonic Imagine
What are the significant types of High Intensity Focused Ultrasound (HIFU) Market?
Ultrasound-Guided, MR-Guided
What are the major end-use applications of High Intensity Focused Ultrasound (HIFU) Market?
Female Disease, Male Disease
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SECONDARY RESEARCH
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