High Intensity Focused Ultrasound (HIFU) therapy is essentially indicated for patients with different kinds of tremors and cancer patients. This technique is based on ultrasound and helps in pinpointing the exact cell that is involved in the growth of the tumor.
High intensity focused ultrasound therapy is generally used to treat cancer cells with high-frequency sound waves. This treatment is used to treat only a single tumor or a part of a larger tumor and cannot be used to treat widespread tumors. Hence, the high intensity focused ultrasound therapy is not suitable for the treatment of malignant tumors. The global high intensity focused ultrasound therapy market is expected to register a 7.8% CAGR through the forecast period.
Many attributable factors are fueling growth in the HIFU market. These factors include a rising prevalence of different types of cancer and increased development in medical technology. Further, widespread applications of high intensity focused ultrasound is promoting ascension of the market to a great extent. Such therapy is used for the treatment of neurological disorders, cosmetic medicine, as well as uterus fibroids. However, a high cost of treatment and various side-effects are estimated to refrain the market from growing during the assessment period.
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Additional factors that are helping the HIFU therapy market to grow further include increasing investments in the burgeoning healthcare sector and the shift towards HIFU technology. Substantial investments that are made in the R&D activities to bring the betterment in this technology and the equipment are propelling the growth of the global high intensity focused ultrasound therapy market.
Industry Related News:
February 25, 2019 – HIFU Prostate Services, LLC (the US), the leading provider of HIFU technology to physician practices across the country announced its partnership with Urology Associates, P.C. (the US), one of the leading private urology centers in the US. Through the partnership, Urology Associates will be able to expand their current HIFU program and provide support for patients seeking HIFU as a treatment for localized prostate cancer using HIFU’s technology.
HIFU, or High Intensity Focused Ultrasound which is a minimally invasive, outpatient treatment for prostate cancer is at the forefront of the latest technologies, surgical techniques, and advanced treatment options.
Highly competitive, the high intensity focused ultrasound therapy market appears to fragmented characterized by the presence of several small and large-scale players. Matured players incorporate various strategic initiatives such as acquisition, partnership, collaboration, expansion, and product launch to gain an edge over their competitors and thus to sustain their position in the market.
The structure of the market is changing due to the increasing partnerships between private practice centers and technology providers. Because of the growing competition in the market, multinational companies are acquiring small yet promising companies operating the developing markets.
Key players leading the global high intensity focused ultrasound market include EDAP TMS, Image Guided Therapy, SonaCare Medical, LLC, Chongqing Hailu Medical Technology Co., Ltd, Theraclion, Koninklijke Philips N.V., Mianyang Sonic Electronic Ltd., Shanghai A&S Co. LTD, Insightec, FUS Instruments, and Alpinion Medical Systems among others.
For ease of understanding, the market is segmented into five key dynamics: –
By Modality: Therapeutic Ultrasound, Hemostasis, Lithotripsy, Thrombolysis, and Immunomodulation among others.
By Method: Non-Invasive and Minimal-Invasive Method among others.
By Application : Uterine Fibroids, Prostate Cancer, Neurological Disorders, and Cosmetic Medicine among others.
By End-users: Diagnostic Centers, Hospitals, and Research Centers among others.
By Regions: Europe, Asia Pacific, North America, and the Rest-of-the-World.
The high intensity focused ultrasound (HIFU) market is regionally segmented into Europe, Asia Pacific, the Americas, and the Middle East & Africa. Among these regions, the Americas are anticipated to dominate the global high intensity focused ultrasound market during the review period. North America, among the Americas, is likely to garner the largest share of the global high intensity focused ultrasound market. This market command can be accredited to the rising prevalence of cancer in the region and well-developed technology in the region.
Europe, on the other hand, is projected to account for the second largest share in the global HIFU market over the conjectured period. A rising need for cancer treatment services in the region is the primary reason for the mounting high intensity focused ultrasound market in the region. Moreover, increasing expenditure in the healthcare sector, along with mushrooming investments in the research and development of new and improved cancer treatment techniques, are expected to push sizeable growth in the regional HIFU market.
Asia Pacific is estimated to grow at the fastest rate over the assessment period. This can be accredited to the implementation of new and improved technologies for the treatment of cancer. Also, India is expected to hold the largest growth potential, serving new expansion opportunities for numerous market players during the forecast timeline.
The Middle East & Africa is assessed to exhibit steady growth in the high intensity focused ultrasound market owing to a proliferating demand for primary healthcare services in the region along with new and advanced treatment methods in the healthcare domain.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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