Global High Intensity Focused Ultrasound (HIFU) Industry
New Study On “High Intensity Focused Ultrasound (HIFU) Market Segmentation and Major Players Analysis 2022” Added to Wise Guy Reports Database
According to the latest report added to the online repository of Wise Guys Report (WGR) the High Intensity Focused Ultrasound (HIFU) market has witnessed an unprecedented growth of 20% to 25% till 2019. The extrapolated future growth is expected to continue at higher rates by 2022 with a healthy CAGR of 7.8%.
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High-Intensity Focused Ultrasound (HIFU) is a relatively new medical procedure that relies on application of high intensity and focused ultrasound waves locally. This procedure was initially discovered in 1940. The focused energy helps destroy diseased or damaged tissues through ablation by heating the affected area. High-Intensity Focused Ultrasound is one of the facets of therapeutic ultrasound and it is non-invasive or minimally invasive in nature. Basically it directs acoustic energy in form of ultrasound beams into the body to treat diseases by raising the inherent temperature of the area from 65C to 85C and annihilating diseased tissues by coagulation necrosis. HIFU is used to enhance blood flow or lymph and destroy tumorous tissues by through adoption of various mechanisms.
Recently HIFU has been recognized as a feasible tissue ablation approach using focused thermal energy and this has accrued its popularity in the global market. Several clinics use this procedure to treat malignant tumors residing and growing in different body parts including liver, prostate, breast, uterine fibroids, pancreas and soft tissue sarcomas. HIFU offers several advantages like non-ionization and fewer complications over conventional methods such as open surgery, radio- and chemo-therapy. Records show close to 115000 cases have been successfully treated till 2015 using HIFU. The recent spike in cardiovascular diseases and cancer causes have created the need of more and more clinical studies on the applications of HIFU leading to positive market growth propelled by technological advancements. The coming years will witness the use of high intensity focused ultrasound in the fields of neurosurgery, urinary disorders imaging, gynecology, obstetrics and removal of excess subcutaneous fatty tissue.
High-Intensity Focused Ultrasound: Segmental Analysis
Here we explore the leading companies in the competition. The market landscape of High-Intensity Focused Ultrasound (HIFU) can be categorized as per the deal type, modality, method, application and end-users.
Some of the major companies marking their significance in the High-Intensity Focused Ultrasound market are Image Guided Therapy, Medsonic Ltd, Promedica Bioelectronics, Sumo Corporation Ltd, EDAP TMS, Sonacare Medical, Haifu Medical, FUS Instruments, Mirabilis Medica, Eye Tech Care, Profound Medical Corp, Shanghai A&S Co., LTD, Insightec, Theraclion, Alpinion Medical Systems, Verasonics, EpiSonica, Car Thera, Shenzhen Wikkon, Shenzhen PRO-HIFU Medical Tech. Co., Ltd, Histosonics, Inc, Navifus and Toosonix.
Based on deal types HIFU is segregated mainly as collaboration deals, distribution agreement deals and partnership deals.
Based on modality HIFU is categorized as Therapeutic Ultrasound, Hemostasis, Lithotripsy, Thrombolysis, and Immunomodulation.
Classified on method used we have Non-Invasive and Minimal-Invasive Method.
Discussion on applications can be based on Uterine Fibroids, Prostate Cancer, Neurological Disorders, and Cosmetic Medicine among others.
Targeted end-users include Diagnostic Centers, Hospitals, and Research Centers among others.
High-Intensity Focused Ultrasound: Regional Analysis
North America is the leading user of HIFU due to the rising cancer counts troubling the nation and better research and development scope. Other regions making major contribution in the sales are Europe, Asia Pacific. Europe predominates the HIFU therapy market by being the second revenue pocket. Driving factors such as painless treatment options in cancer treatment has given HIFU market the anticipated boost.
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