Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "High Intensity Focused Ultrasound Market, By Imaging Technology, By Indication, By End User, And by Region - Size, Share, Outlook, and Opportunity Analysis, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global high intensity focused ultrasound (HIFU) market is poised for significant growth, projected to reach USD 23.11 billion by 2030, with a compound annual growth rate (CAGR) of 6.4% during the forecast period.
HIFU is a groundbreaking non-invasive treatment that targets a wide range of tumors and diseases. It utilizes advanced ultrasound technology to deliver precise and effective therapy. The market report provides a comprehensive analysis, highlighting market size, trends, growth drivers, and challenges, along with an in-depth vendor analysis of key players operating in the market.
HIFU therapy offers several advantages over traditional treatment methods, including non-invasiveness, targeted tissue treatment, minimal damage to healthy tissue, outpatient procedures, and shorter recovery time compared to invasive therapies like radiation therapy and stem cell transplants. It has emerged as a preferred choice in cancer treatment and facial aging therapies.
Market Dynamics
The global HIFU market is fueled by various market dynamics, including:
- Increasing prevalence of rectal cancer: The rising incidence of rectal cancer is a significant driver for market growth. According to the American Society of Clinical Oncology (ASCO), 732,210 individuals were diagnosed with rectal cancer in 2020, highlighting the need for effective treatment options.
- Research and development activities: The market is propelled by the growing number of research and development activities undertaken by research institutes. For instance, the Institute Mutualiste Montsouris in France is conducting a phase 2 clinical trial studying the efficacy and safety of terbinumab combined with chemotherapy in neoadjuvant therapy for triple-negative breast cancer after HIFU therapy. Such studies contribute to advancements in the field and drive market growth.
Market Segmentation
The global HIFU market is segmented based on imaging technology, indication, and end-user. The market segments are as follows:
Imaging Technology:
- Ultrasound-HIFU Therapy
- Magnetic Resonance Imaging-HIFU Therapy
Indication:
- Oncology (Prostate cancer, Rectal tumors, Liver tumors, Renal tumors, Others)
- Skin Care (Anti-aging treatment, Skin Laxity and Tightening, Others)
- Neurological Disorders
- Others (Uterine Fibroids, Benign Prostatic Hyperplasia, etc.)
End User:
- Hospitals
- Ambulatory Surgical Centers
- Dermatology Clinics
- Others (Research Institutes, specialty Centers, etc.)
Company Profiles
The report provides a detailed analysis of key market players, including:
- Koninklijke Philips N.V.
- Sonic Concepts, Inc.
- Theraclion
- Sonablate
- Alpinion Medical Systems Co., Ltd.
- Shanghai Carnation Medical Technology Co., Ltd.
- Insightec
- FUS Instruments Inc.
- Mianyang Sonic Electronic
- Profound Medical
- Merz Pharmaceuticals GmbH
- Image Guided Therapy
- Promedica Bioelectronics s.r.l.
Key Findings and Insights
- The report offers in-depth analysis of the global HIFU market, including market size, CAGR, and revenue opportunities across different segments.
- It provides insights into market drivers, restraints, opportunities, market trends, and regional outlook.
- Key strategies adopted by market players are highlighted, offering valuable information for decision-making.
- The report caters to various stakeholders in the industry, including investors, suppliers, manufacturers, distributors, and financial analysts.
- Decision-making is facilitated through strategy matrices used to analyze the market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $112.7 Million |
| Forecasted Market Value (USD) by 2030 | $182.9 Million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/v5tu5j
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