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Global High Intensity Focused Ultrasound (HIFU) Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global High Intensity Focused Ultrasound (HIFU) Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 7.1% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 275.30 Million
Diagram Market Size (Forecast Year) USD 476.56 Million
Diagram CAGR 7.1%

Global High Intensity Focused Ultrasound (HIFU) Market, By Modality (Therapeutic Ultrasound, Hemostasis), Method (Non-Invasive, Minimal-Invasive Method), Application (Prostate Cancer, Uterine Fibroids, Others), End User (Diagnostic Centers, Hospitals, Research Centers) - Industry Trends and Forecast to 2030.

High Intensity Focused Ultrasound (HIFU) Market

High Intensity Focused Ultrasound (HIFU) Market Analysis and Size

The global high intensity focused ultrasound (HIFU) market is rising steadily as a result of the increasing incidence of targeted diseases. Growing R & D activities is considerably driving the Global High Intensity Focused Ultrasound (HIFU) Market. Strategic initiatives by the key market players are one of the elements driving the market's rapid rise. Market players are expanding their product offerings in order to acquire a competitive advantage.

Data Bridge Market Research analyses that the global high intensity focused ultrasound (HIFU) market which was USD 275.30 Million in 2022, would rocket up to USD 476.56 Million by 2030, and is expected to undergo a CAGR of 7.1% during the forecast period. This indicates the market value. “Therapeutic Ultrasound” dominates the modality segment of the global high intensity focused ultrasound (HIFU) market owing to the increasing investment in healthcare. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

High Intensity Focused Ultrasound (HIFU) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Modality (Therapeutic Ultrasound, Hemostasis), Method (Non-Invasive, Minimal-Invasive Method), Application (Prostate Cancer, Uterine Fibroids, Others), End Users (Diagnostic Centers, Hospitals, Research Centers)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa

Market Players Covered

Medtronic (Ireland), Accutome, Inc.(U.S.), SonaCare Medical (U.S.), Koninklijke Philips N.V.(Netherlands), Johnson & Johnson Private Limited (India), Stryker (U.S.), Supersonic Imagine (France), Ultrasound Technologies Ltd. (UK), Blatek Industries Incorporated (U.S.), Chongqing Haifu Medical Technology Co., Ltd.(China), EDAP TMS (France), Shanghai A&S Technology Development Co., Ltd.(China), ILJIN (France), Image Guided Therapy (France), INSIGHTEC (Florida), Theraclion (France), Merz Pharma (Germany), Profound Medical (Canada), Sonic Concepts, Inc.(U.S.), Mianyang Sonic Electronic LTD. (China), FUS Instruments (Canada)

Market Opportunities

  • Emerging applications
  • Growing awareness and acceptance
  • Rising technological advancements

Market Definition

The global High Intensity Focused Ultrasound (HIFU) market refers to the market for medical devices and systems that utilize focused ultrasound waves to deliver precise and targeted therapeutic treatment for various medical conditions. HIFU technology enables non-invasive or minimally invasive procedures that can be used for thermal ablation, tissue destruction, and targeted drug delivery.

Global High Intensity Focused Ultrasound (HIFU) Market Dynamics

Drivers

Non-Invasive Treatment Option

High Intensity Focused Ultrasound (HIFU) offers a non-invasive treatment modality, which is attractive to patients seeking alternatives to traditional surgical procedures.

Increasing Prevalence of Targeted Diseases

The rising prevalence of conditions such as prostate cancer, uterine fibroids, and various tumors has driven the demand for HIFU as an effective treatment option.

Advancements in Technology

Continuous advancements in HIFU technology, including improved precision, imaging capabilities, and treatment planning, have expanded its applications and increased its adoption.

Opportunities

Growing Awareness and Acceptance

Increasing awareness among healthcare professionals and patients about the benefits of HIFU, along with growing acceptance and adoption of non-invasive treatment options, can drive market growth.

Furthermore, the rising collaboration, merger, and acquisition among the market players will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. Additionally, the rising number of market players will further expand the market's growth rate in the future.

Restraints/Challenges

On the other hand, the high cost associated with product manufacturing is expected to obstruct market growth. Also, the disruption in the supply chain industry has the potential to challenge the market’s growth. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies and lack of suitable infrastructure are projected to challenge the market in the forecast period of 2023-2030.

This global high intensity focused ultrasound (HIFU) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global high intensity focused ultrasound (HIFU) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • SonaCare Medical has been expanding its HIFU platform, Sonablate, to offer treatments for multiple indications. The company has been actively involved in clinical trials and partnerships to further validate the efficacy and safety of its HIFU systems.
  • SonaCare Medical has been investing in research and development to enhance imaging capabilities, treatment planning software, and patient outcomes for prostate cancer and other targeted conditions.

Global High Intensity Focused Ultrasound (HIFU) Market Scope

The global high intensity focused ultrasound (HIFU) market is segmented on the basis of modality, method, application, and end users. The growth amongst these segments will help you analyse meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Modality

  • Therapeutic Ultrasound
  • Hemostasis

Method

  • Non-Invasive
  • Minimal-Invasive Method

Application

  • Prostate Cancer
  • Uterine Fibroids
  • Others

End Users

  • Diagnostic Centers
  • Hospitals
  • Research Centers

Global High Intensity Focused Ultrasound (HIFU) Market Regional Analysis/Insights

Global high intensity focused ultrasound (HIFU) market is analyzed, and market size insights and trends are provided by modality, method, application and end users as referenced above.

The countries covered in the global high intensity focused ultrasound (HIFU) market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa

North America is expected to dominate the market due to factors including rising healthcare costs, increased R & D and trending technological advancements.

Asia-Pacific is expected to witness the fastest growth during the forecast period of 2023 to 2030 because of the rising strategic initiatives by the key market players and favourable government initiatives in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global high intensity focused ultrasound (HIFU) market t also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global high intensity focused ultrasound (HIFU) market, the impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the High Intensity Focused Ultrasound market. The data is available for historic period 2015-2020.

Competitive Landscape and High Intensity Focused Ultrasound Market Share Analysis

The global high intensity focused ultrasound (HIFU) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global high intensity focused ultrasound (HIFU) market.

Some of the major players operating in the global high intensity focused ultrasound (HIFU) market are:

  • Medtronic (Ireland)
  • Accutome, Inc.(U.S.)
  • SonaCare Medical (U.S.)
  • Koninklijke Philips N.V.(Netherlands)
  • Johnson & Johnson Private Limited (India)
  • Stryker (U.S.)
  • Supersonic Imagine (France)
  • Ultrasound Technologies Ltd. (UK)
  • Blatek Industries Incorporated (U.S.)
  • Chongqing Haifu Medical Technology Co., Ltd.(China)
  • EDAP TMS (France)
  • Shanghai A&S Technology Development Co., Ltd.(China)
  • ILJIN (France)
  • Image Guided Therapy (France)
  • INSIGHTEC (Florida)
  • Theraclion (France)
  • Merz Pharma (Germany)
  • Profound Medical (Canada)
  • Sonic Concepts, Inc.(U.S.)
  • Mianyang Sonic Electronic LTD. (China)
  • FUS Instruments (Canada)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The high intensity focused ultrasound (HIFU) market is known to be worth USD 476.56 Million by 2030.
The high intensity focused ultrasound (HIFU) market growth rate is 7.1% by 2030.
Non-invasive treatment option, increasing prevalence of targeted diseases & advancements in technology are the growth drivers of the high intensity focused ultrasound (HIFU) market.
Prostate Cancer & Uterine Fibroids are the market applications of the high intensity focused ultrasound (HIFU) market.
Modality, method, application, and end-users are the factors on which the high intensity focused ultrasound (HIFU) market research is based.
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