Market Analysis

The high intensity focused ultrasound (HIFU) therapy market is projected to expand exponentially at a stellar 7.8% CAGR over the assessment period (2017-2023). 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. This transducer focuses the sound waves for generating heat at one point in the body for destroying the target tissue. The HIFU machine is largely used for treating bladder, pancreatic, liver and prostate cancer. Besides, HIFU is also used for treating fibroids. The key benefits of this technology include precision, faster recovery time, no ionizing radiation, less risk, non-surgical treatment and non-invasive. HIFU is widely used for facial treatment as well. It will help to tighten the skin, shrink pores, iron out wrinkles, targets the Jowell lines and the V line formation. Overall, it will augment the overall skin tone, elasticity, brightness and pores. Last but not the least, HIFU is extremely effective to treat fat loss and inch loss and also tighten the skin.

There are many factors that is fueling the growth of the high intensity focused ultrasound therapy market. The different market trends and factors in this market according to an analysis performed by Market Research Future (MRFR) include rising prevalence of cancer, increase in elderly population, favorable regulatory scenario related to HIFU therapy, rising awareness for early diagnosis of diseases, rising demand for HIFU devices, high potential of the emerging economies, improvements in medical technology and its wide use in cosmetic medicine and treatment of neurological disorders and uterine fibroids. On the contrary, limitations related to HIFU therapy, scarcity of skilled professionals, certain side effects and high treatment cost may impede the growth of the high intensity focused ultrasound therapy market.

Market Segmentation

In the Market Research Future (MRFR) report, the high intensity focused ultrasound therapy market 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 R&D 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.

Key Players

Leading players profiled in the high intensity focused ultrasound therapy market include FUS Instruments, Alpinion Medical Systems, Insightec, Mianyang Sonic Electronic Ltd., Shanghai A&S Co. LTD, Koninklijke Philips N.V., Chongqing Haifu Medical Technology Co., Ltd, Theraclion, SonaCare Medical, LLC, EDAP TMS, and Image Guided Therapy.

Jan 2019- Matthew Bucknor and team at UCSF are coming up with a wide range of latest uses of HIFU technology. This research will mostly throw light on HIFU that can non-invasively and completely destroy tumors in the body.