High Intensity Focused Ultrasound Market Trends, Growth, Size, Challenges and Future Outlook
High Intensity Focused Ultrasound Market Growth, Size, Trends Analysis - By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: HLCA24104 | Pages: 1 - 262 | Formats*: |
| Category : Healthcare | |||
High Intensity Focused Ultrasound Market Introduction and Overview
According to SPER Market Research, the Global High Intensity Focused Ultrasound Market is estimated to reach USD 2.49 billion by 2033 with a CAGR of 7.31%.
The report includes an in-depth analysis of the Global High Intensity Focused Ultrasound Market, including market size and trends, product mix, Applications, and supplier analysis.
High intensity focused ultrasound (HIFU) is a non-invasive method that uses strong heat or high-frequency sound waves to destroy cancer cells and tissues. High-intensity focused ultrasound is used to treat bone metastases, prostate cancer, uterine fibroids, and desmoids tumors by focusing high-intensity beams on the tumor cells that need to be eliminated. High intensity focused ultrasound is employed in cosmetology in addition to neurological and cancer applications. Benefits of high intensity focused ultrasound in cosmetics include wrinkle reduction, skin tightening, enhanced jawline, decreased double chin, and increased skin elasticity.
- Kokilaben Dhirubhai Ambani Hospital in India unveiled the cutting-edge High-Intensity Focused Ultrasound (HIFU) technology in January 2024 to treat prostate cancer. HIFU is a highly targeted and minimally invasive method of treating localized prostate cancer by precisely identifying and eliminating prostate cancer cells using high-frequency sound waves.
- The FDA authorized Edison, HistoSonics' ground-breaking liver tumor treatment technology, in October 2023. This is the sixth FDA-approved clinical application of focused ultrasound therapy. Edison is the first and only platform of its kind accessible in the United States, and it uses histotripsy to kill liver tissue noninvasively. Additionally, this is the first time histotripsy has received international regulatory approval.
Market Opportunities and Challenges
Opportunities: The growing global incidence of cancer is a major factor propelling the HIFU therapy industry. Prostate, pancreatic, liver, and uterine cancer are among the cancers for which HIFU has shown promise as a therapy option. For patients looking for an efficient cancer treatment with fewer side effects and quicker recovery times, HIFU is a desirable alternative because of its capacity to precisely target tumors while limiting damage to nearby healthy tissue. The range of uses for HIFU devices has increased beyond cancer due to technological developments. HIFU therapy is now being investigated for cosmetic operations including wrinkle removal and skin tightening, as well as neurological conditions like essential tremor and Parkinson's disease. The market is expanding as a result of these advancements, which are encouraging HIFU technology adoption across a variety of medical specialties.
Challenges: The lack of qualified personnel and HIFU technology limitations are the main factors impeding industry expansion. The depth and size of the targeted tissue can limit the effectiveness of HIFU technology. Bone, gas-filled organs, and tissue barriers can also limit the precise targeting of HIFU energy to the intended treatment site by obstructing the propagation of ultrasound waves. HIFU treatment requires a skilled professional who can precisely plan and carry out the procedure; a lack of skilled professionals also restricts the growth of the market. The use and availability of HIFU technology may be restricted in some areas by a lack of regulatory permission for specific applications.
Market Competitive Landscape
There are many major competitors in the fiercely competitive high intensity focused ultrasound market that operate all over the world. These businesses prioritize R&D in order to launch cutting-edge goods and obtain a competitive advantage. Market participants frequently use partnerships, mergers, and acquisitions as well as strategic collaborations to increase their market share. Key market players are Focal One, Sonablate Corp, Verasonics, Inc, Alpinion Medical Systems Co., Ltd, Theraclion, Chongqing Haifu Medical Technology Co., Ltd, Lynton Lasers Ltd, ULTRAISER, Profound Medical Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Application, By End User. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Focal One, Sonablate Corp, Verasonics, Inc, Alpinion Medical Systems Co., Ltd, Theraclion, Chongqing Haifu Medical Technology Co., Ltd, Lynton Lasers Ltd, ULTRAISER, Profound Medical Inc. |
COVID-19 Impact on Global High Intensity Focused Ultrasound Market
The market for high intensity focused ultrasound has been affected by the COVID-19 epidemic in a variety of ways. On the one hand, the pandemic caused HIFU treatments and other elective procedures and healthcare services to be disrupted. The introduction of HIFU technology was impacted by the emphasis on managing COVID-19 cases and the reallocation of healthcare resources. But the pandemic also brought attention to how important non-invasive therapy options are, which sparked more interest in HIFU. During the pandemic, the promise of HIFU to provide focused, non-invasive therapy without hospitalization became even more pertinent. The market saw a rapid move toward outpatient and non-surgical procedures, which increased demand for HIFU.
By Application Insights
Dermatology dominated the market in 2023. This is primarily due to the increased use of HIFU technology for a variety of cosmetic and therapeutic applications. In dermatology, HIFU is commonly used for non-invasive skin tightening, wrinkle reduction, and facial rejuvenation treatments, leading in increased use of minimally invasive cosmetic solutions. The technology's ability to stimulate collagen formation and tighten skin without requiring surgery has made it popular with both patients and dermatologists.
Key Target Audience:
- Hospitals and Clinics
- Diagnostic Imaging Centers
- Medical Device Manufacturers
- Oncology Specialists
- Gynecologists and Urologists
- Academic and Research Institutes
- Regulatory Bodies and Government Agencies
Our in-depth analysis of the High Intensity Focused Ultrasound Market includes the following segments:
| By Application: | |
| By End User: |
Key Topics Covered in the Report:
- Global High Intensity Focused Ultrasound Market Size (FY’2024-FY’2033)
- Overview of Global High Intensity Focused Ultrasound Market
- Segmentation of Global High Intensity Focused Ultrasound Market By Application (Prostate Cancer, Uterine Fibroids, Neurological Disorders, Cosmetology, Others)
- Segmentation of Global High Intensity Focused Ultrasound Market By End User (Hospitals, Ambulatory Surgery Centres, Cancer Treatment Centers, Physiotherapy Centers, Others)
- Statistical Snap of Global High Intensity Focused Ultrasound Market
- Expansion Analysis of Global High Intensity Focused Ultrasound Market
- Problems and Obstacles in Global High Intensity Focused Ultrasound Market
- Competitive Landscape in the Global High Intensity Focused Ultrasound Market
- Impact of COVID-19 and Demonetization on Global High Intensity Focused Ultrasound Market
- Details on Current Investment in Global High Intensity Focused Ultrasound Market
- Competitive Analysis of Global High Intensity Focused Ultrasound Market
- Prominent Players in the Global High Intensity Focused Ultrasound Market
- SWOT Analysis of Global High Intensity Focused Ultrasound Market
- Global High Intensity Focused Ultrasound Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global High Intensity Focused Ultrasound Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global High Intensity Focused Ultrasound Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global High Intensity Focused Ultrasound Market
7. Global High Intensity Focused Ultrasound Market, By Application (USD Million) 2020-2033
7.1. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By Application, 2020-20267.2. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By Application, 2027-20337.3. Prostate Cancer7.4. Uterine Fibroids7.5. Neurological Disorders7.6. Cosmetology7.7. Others
8. Global High Intensity Focused Ultrasound Market, By End User (USD Million) 2020-2033
8.1. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By End User, 2020-20268.2. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By End User, 2027-20338.3. Hospitals8.4. Ambulatory Surgery Centres8.5. Cancer Treatment Centers8.6. Physiotherapy Centers8.7. Others
9. Global High Intensity Focused Ultrasound Market Forecast, 2020-2033 (USD Million)
9.1. Global High Intensity Focused Ultrasound Market Size and Market Share
10. Global High Intensity Focused Ultrasound Market, By Region, 2020-2033 (USD Million)
10.1. Global High Intensity Focused Ultrasound Market Size and Market Share By Region (2020-2026)10.2. Global High Intensity Focused Ultrasound Market Size and Market Share By Region (2027-2033)10.3. Asia-Pacific
10.3.1. Australia10.3.2. China10.3.3. India10.3.4. Japan10.3.5. South Korea10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France10.4.2. Germany10.4.3. Italy10.4.4. Spain10.4.5. United Kingdom10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia10.5.2. United Arab Emirates10.5.3. Qatar10.5.4. South Africa10.5.5. Egypt10.5.6. Morocco10.5.7. Nigeria10.5.8. Rest of Middle-East and Africa
10.6. North America
10.6.1. Canada10.6.2. Mexico10.6.3. United States
10.7. Latin America
10.7.1. Argentina10.7.2. Brazil10.7.3. Rest of Latin America
11. Company Profile
11.1. Focal One
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Sonablate Corp
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Verasonics, Inc
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. ALPINION MEDICAL SYSTEMS Co., Ltd
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Theraclion
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Chongqing Haifu Medical Technology Co., Ltd
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Lynton Lasers Ltd
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. ULTRAISER
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Profound Medical Inc
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
High Intensity Focused Ultrasound Market is projected to reach USD 2.49 billion by 2033, growing at a CAGR of 7.31% during the forecast period.
High Intensity Focused Ultrasound Market grew in Market size from 2024. The Market is expected to reach USD 2.49 billion by 2033, at a CAGR of 7.31% during the forecast period.
High Intensity Focused Ultrasound Market CAGR of 7.31% during the forecast period.
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High Intensity Focused Ultrasound Market size is USD 2.49 billion from 2024 to 2033.
High Intensity Focused Ultrasound Market is covered By Application, By End User.
The North America is anticipated to have the highest Market share in the High Intensity Focused Ultrasound Market.
The key players in the Market include Companies Covered Focal One, Sonablate Corp, Verasonics, Inc, Alpinion Medical Systems Co., Ltd, Theraclion, Chongqing Haifu Medical Technology Co., Ltd, Lynton Lasers Ltd, ULTRAISER, Profound Medical Inc.
High intensity focused ultrasound (HIFU) is a non-invasive method that uses strong heat or high-frequency sound waves to destroy cancer cells and tissues. High-intensity focused ultrasound is used to treat bone metastases, prostate cancer, uterine fibroids, and desmoids tumors by focusing high-intensity beams on the tumor cells that need to be eliminated.
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