Global High Intensity Focused Ultrasound (HIFU) Therapy Market (by Imaging Technology, Indication, Region, and End User), Company Profiles, Product Analysis & Recent Development - Forecast to 2030

Global High Intensity Focused Ultrasound (HIFU) Therapy Market (by Imaging Technology, Indication, Region, and End User), Company Profiles, Product Analysis & Recent Development - Forecast to 2030

The global high intensity focused ultrasound (HIFU) therapy market is predicted to reach US$ 310.5 Million by 2030. HIFU therapy is a medical procedure, which involves the application of focused ultrasonic waves to eliminate diseased tissue through ablation. In clinics, HIFU has been applied to treat a variety of solid malignant tumors in a well-defined volume, including the pancreas, liver, prostate, breast, uterine fibroids, and soft-tissue sarcomas. The market is primarily driven by the increasing cancer patient’s population, growing demand for minimally invasive treatment procedures, and increasing public-private investments. Moreover, increasing development in medical technology and its wide-range applications used in the treatment of uterine fibroids, neurological disorders, and aesthetics application, have fueled growth of the market. However, the side effects associated with the use of HIFU therapy and the high cost of HIFU treatment are the key challenges restraining the growth of this market.

Recent Developments

In January 2023, Sonablate Corp. announced a three-year agreement with HIFU Prostate Services (HPS), the leading provider of minimally invasive HIFU treatment for localized prostate disease, to mobilize Sonablate HIFU devices throughout their nationwide network.
In November 2022, Nomura Holdings, Inc., a Japan based financial holding company, acquired shares of SONIRE Therapeutics Inc., a company developing a next-generation high-intensity focused ultrasound (HIFU) treatment system.

By Imaging Technology: HIFU Therapy Market & Forecast - Key Takeaways

Based on imaging technology, the HIFU market is segmented into Ultrasound- HIFU therapy and Magnetic resonance guided- HIFU therapy. Among them MR guided- HIFU therapy segment dominates the market backed by increasing product approvals by regulatory authorities.

By Indication: HIFU Therapy Market & Forecast - Key Takeaways

The oncology segment dominates the global HIFU therapy market, owing to increase in the use of HIFU devices for the treatment of various cancer types. In oncology, prostate cancer application dominates the high-intensity focused ultrasound (HIFU) therapy market.
Uterine fibroids application is anticipated to grow with the highest rate over the forecast period. Increasing prevalence of uterine fibroids among women across the world and rising patients’ preference for minimally invasive procedures are the major factors expected to drive the market.
The increasing prevalence of neurological disorders is expected to drive the market over the forecast period, as HIFU therapy is used in the management of neurological disorders.
The demand for HIFU therapy for anti-aging treatments is increasing as consumers seek treatments with minimal downtime and risks. The aging population and growing middle-class population in developing countries are driving the market for anti-aging treatments.

By Region: HIFU Therapy Market & Forecast - Key Takeaways

North America is the leading revenue contributor to the global HIFU therapy market followed by Europe, owing to high adoption rate of HIFU devices in these regions.
Asia-Pacific is anticipated to grow at the highest rate over the forecast period, due to increase in disposable income; surge in research, development, & innovation activities; and rise in awareness towards HIFU therapy devices.

By End User: HIFU Therapy Market & Forecast - Key Takeaways

Based on end user, the hospitals segment dominates the high intensity focused ultrasound (HIFU) therapy market, owing to increasing use of HIFU therapy devices in the hospitals for the treatment of various conditions such as cancers, uterine fibroids, and others.
Dermatology clinics is gaining popularity in the global HIFU therapy market, owing to increasing use of HIFU therapy devices in these clinics for various conditions including anti-aging treatment, skin laxity and tightening and others.

iGATE RESEARCH report titled “Global High Intensity Focused Ultrasound (HIFU) Therapy Market (by Imaging Technology, Indication, Region, and End User), Company Profiles, Product Analysis & Recent Development - Forecast to 2030” provides a comprehensive assessment of the high intensity focused ultrasound (HIFU) therapy Market.

This 197 Page report with 60 Figures and 2 Tables has been analyzed from 8 viewpoints:

1. Global HIFU Therapy Market & Forecast (2017 - 2030)
2. Global HIFU Therapy Market Share & Forecast (2017 - 2030)
3. By Imaging Technology - HIFU Therapy Market & Forecast (2017 - 2030)
4. By Indication - HIFU Therapy Market & Forecast (2017 - 2030)
5. By Region - HIFU Therapy Market & Forecast (2017 - 2030)
6. By End User – HIFU Therapy Market & Forecast (2017 - 2030)
7. HIFU Therapy Market - Company Profile, Product Offerings, Recent Developments
8. Global HIFU Therapy Market – Driving Factors and Challenges

By Imaging Technology - HIFU Therapy Market & Forecast

MR-Guided - High Intensity Focused Ultrasound (HIFU) Therapy
Ultrasound-Guided - High Intensity Focused Ultrasound (HIFU) Therapy

By Indication - High Intensity Focused Ultrasound (HIFU) Therapy Market & Forecast

Oncology
Prostate Cancer
Liver Tumors
Renal Tumors
Others
Uterine Fibroids
Neurological Disorders
Skin Care
Anti-Aging Treatment
Skin Laxity and Tightening
Others

By Region - High Intensity Focused Ultrasound (HIFU) Therapy Market & Forecast

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

By End User - High Intensity Focused Ultrasound (HIFU) Therapy Market & Forecast

Hospitals
Ambulatory Surgical Centers
Dermatology Clinics
Others

HIFU Company Profile - HIFU Products Analysis & Recent Developments

1. EDAP TMS
2. Haifu Medical
3. Sonablate Corp. (Formerly SonaCare Medical)
4. innoMedicus
5. Mianyang Sonic Electronic Ltd.
6. Shanghai A&S Co., LTD
7. Insightec
8. Alpinion Medical Systems
9. FUS Instruments
10. Theraclion
11. Image Guided Therapy
12. Eye Tech Care
13. Koninklijke Philips NV
14. Profound Medical Corp.
15. Promedica Bioelectronics
16. Shenzhen Wikkon
17. Sonic Concepts
18. Shenzhen PRO-HIFU Medical Tech. Co., Ltd.
19. Verasonics
20. Changjiangyuan Technology Development Co., Ltd
21. EpiSonica

Data Sources

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies:

Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies:

Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.