High-intensity Focused Ultrasound (HIFU) therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026


#6184

Transparency Market Research

$ 5795

High-intensity focused ultrasound therapy (HIFU) is an emerging, novel therapeutic modality that utilizes ultrasound waves. The waves propagate through tissue media as carriers of energy. HIFU is a non-invasive technology that can transport energy through a media of intervening tissues to specific targets in the body. HIFU has high potential for tumor ablation, thrombolysis, hemostasis, and targeted drug/gene delivery. The treatment of cancer is an important issue in both developed as well as developed countries. Ultrasound has not only been used in the diagnosis of cancer but also in its treatment. Focused ultrasound surgery (FUS) is a noninvasive technique that when combined with high-intensity and imaging method has the potential to ablate tumor lesions precisely. The mechanisms of HIFU ablation involve mechanical and thermal effects. Recent advancements in HIFU have widened its popularity. Many promising results were achieved in managing various malignancies in the prostate, pancreas, breast, liver, kidney, and bone.

The global high-intensity focused ultrasound therapy (HIFU) market can be segmented based on application, end-user, and region. In terms of application, the high-intensity focused ultrasound therapy (HIFU) market can be classified into hemostasis, thrombolysis, target drug delivery, tumor ablation, and others.  Based on end-user, the market can be categorized into hospitals, diagnostic centers, and research centers. In terms of geography, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Major factors driving the HIFU therapy market include increase in the prevalence of cancer, rise in awareness among people about the therapy, approval of HIFU therapy for new indications, and increase in safety and success of the treatment. According to the World Health Organization (WHO), cancer accounts for 8.3 million deaths each year, with 70% new cancer cases expected to be reported over the next 20 years. According to the American Cancer Society, the most common cancers in the U.S. include breast cancer, lung cancer, prostate cancer, colorectal cancer, and melanoma. National expenditure for cancer care in the U.S. stood at US$ 125 Bn in 2010 and is expected to reach US$ 156 Bn in 2020. Rise in prevalence of cancer is expected to drive the HIFU therapy market during the forecast period.

In terms of region, North America accounts for a significant share of the market in terms of revenue, followed by Europe. The market in emerging countries such as China, South Korea, Brazil, and India is expected to expand significantly over the next five years. However, the global market will continue to be dominated by North America and Europe. The prominent market share of North America is attributed to the high diagnosis rate of diseases, high disposable income, well-developed health care infrastructure, and high awareness about the latest medical developments among people. Moreover, high research and development activities in the region promoting development of new therapies can be attributed to the large market share of the region.

The market in Asia Pacific is expected to expand at a rapid rate, due to increase in prevalence of cancer, investment by market players in the emerging countries such as China and India, and increased consumer awareness about the treatment of cancer. Other regions, such as Middle East & Africa and Latin America, are anticipated to be prospective regions of the markets in the near future. This is due to the high adoption rate of advanced therapeutics and a rapidly developing health care industry.

Major players operating in the HIFU therapy market include EDAP TMS, THERACLION, CARDIAWAVE, BrainSonix Corporation, FUS Instruments, Image Guided Therapy, Promedica Bioelectronics s.r.l., Verasonics, Inc., PROFOUND MEDICAL Corp., and EpiSonica.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.