A recent report published by
Infinium Global Research on high intensity focused ultrasound market provides an in-depth analysis of segments and sub-segments in the global as well as
regional high intensity focused ultrasound market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional high intensity focused ultrasound market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of global high intensity focused ultrasound market. According
to the report, the global high intensity focused ultrasound market is projected
to grow at a CAGR of 23.7% over the forecast period of 2019-2025.
High intensity focused ultrasound
(HIFU) is an innovative and non-invasive treatment for various kinds of tumors,
kidney stones, disorders, and other diseases. It uses non-ionizing ultrasonic
waves to destroy tissues of the tumor by heating up to 150 °F. This ultrasound
system also used to increase blood flow. It has a wide range of treatment
capability and can be combined with other imaging techniques like MRI,
Ultrasonic imaging. It has both medical and cosmetic use such as neurological
disorders, uterine adenomyosis, and fibroids, prostate cancer, other cancers,
Palliative care, Prostate enlargement, skin tightening, etc.
In August 2018, it has been
studied by researchers at Imperial College London that using high energy
ultrasound beams, the HIFU treatment is as effective as surgery or radiotherapy
to destroy prostate cancer tissues/tumors. Additionally, Kentucky demonstrates
a significantly higher cancer rate with 512 people out of 100,000 developing
the disease every year. Investment for cancer prevention and treatment in
Kentucky is less. Therefore the death rate of the cancer rate is also
increasing every year. Thereby, increasing prevalence of cancer globally, which
in turn boost the demand of the high intensity focused ultrasound market. On
the other hand, as per the American Society for Aesthetic Plastic Surgery (ASAPS),
It is shown in 32 Korean people that the high intensity focused ultrasound has
significantly improved skin elasticity of the cheeks, lower abdomen after use
for some time. While 66 % of the 93 people had perceived an improvement in the
appearance of their face and neck after 90 days in the larger study. Therefore,
the demand of the high intensity focused ultrasound is increasing for the
cosmetic purpose, which in turn, boost the market. Rapidly growing aging
population leads to various disease is the factor enhancing this market.
Furthermore, increasing government investment for clinical trial regarding the
applications high intensity focused ultrasound is the factor impelling the
growth of the market. However, the high cost of the treatment, as well as
certain severe side effects yet remains a major factor for hampering the
growth of the high intensity focused ultrasound market.
North America accounts for the
highest share of the high intensity focused ultrasound market. According to the
National Health Organization, in 2019, the annual incidence of cancer in the U.S is 40,000 or more. In addition, the estimated number of new cases of colon
cancer and rectal cancer is 145,600 in 2019. Therefore, increasing incidence of
the cancer disease driving the growth of the market in this region. Europe
holds the second position in this market due to the increasing healthcare
expenditure and infrastructure. In addition, rising adoption of the high
intensity focused ultrasound treatment for the various disease and disorders is
another factor impelling the growth of the market in this region. Asia Pacific
is expected to grow at the highest CAGR in the forecast period due to the
increasing government initiative for the R&D as well as the growing number
of cancer cases.
The report on the global high
intensity focused ultrasound market covers segments such as application, and
end user. On the basis of application, the sub-markets include cancer,
neurological disorder, uterine fibroids, cosmetics, and other applications. On
the basis of end user, the sub-markets include hospitals, research centers, and
diagnostic centers.
The report provides profiles of
the companies in the market such as Medtronic, Inc, Accutome, Inc., SonaCare
Medical, Koninklijke Philips N.V., Johnson & Johnson, SuperSonic Imagine, Inc.,
Ultrasound Technologies Ltd, and Blatek Industries, Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of high intensity focused ultrasound market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.