High Intensity Focused Ultrasound Therapy Market Size, Growth Strategies 2022-28

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The latest report by Precision Business Insights, titled “High Intensity Focused Ultrasound Therapy Market” covers complete information on market size, share, growth, trends, segment analysis, key players, drivers, and restraints.

The global high intensity focused ultrasound therapy market size was valued at USD 95.6 million in 2021 and is poised to grow at a significant CAGR of 6.8% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global High Intensity Focused Ultrasound Therapy Market: By Application (Prostate Cancer, Neurological Disorders, Uterine Fibroids, Aesthetics, and Others), By Modality (Therapeutic Ultrasound, Hemostasis, and Others), By Method (Non-Invasive Method, Minimal-Invasive Method), By End User (Hospitals, Research Centers, and Diagnostic Centers), and Geography- Global/Region/Country Forecast to 2028”

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Growing Development in the Medical Technology is fuelling the Global High Intensity Focused Ultrasound Therapy Market:
High intensity focused ultrasound therapy makes use of high-frequency sound waves for killing cancer cells. This therapy can treat only a single tumor or a portion of big tumor. This therapy cannot be used for treating tumors, which are prevalent.  Consequently, high intensity focused ultrasound (HIFU) market is ineffective for treating malignant tumors. Ultrasound waves spread through tissue medium as energy carriers in this therapy is emerging and new. Moreover, this therapy is also used for treating prostate cancer with the use of high-frequency ultrasound waves. Increasing cases of bladder cancer, kidney cancer, prostate cancer, primary and secondary cancer and pancreatic cancer are driving the growth of market. In the year 2016, according to the American Cancer Society, almost 161,360 new cases were there of prostate cancer in the United States who are diagnosed. Another major factor that contributes greatly in the growth of high intensity focused ultrasound therapy market is increasing development in the medical technology.

A few more factors drive the market growth such as introduction of novel products, increasing cases of cardiovascular diseases and speedily growing ageing population. On the other hand, unfavorable reimbursement scenario and strict rules can hamper the market growth.

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The global high intensity focused ultrasound therapy market report aims at providing complete viewpoint on high intensity focused ultrasound therapy around the globe making special focus on major regions including Europe, North America, Middle East, Africa, Asia Pacific and Latin America. Among all these regions, North America witnessed major revenue share in the global high intensity focused ultrasound therapy market witnessing considerable CAGR rate and is anticipated to grow over the assessment years due to factors such as approval of HIFU therapy for new indications, availability of healthcare reimbursement policies, growing adoption of novel indications, well-established healthcare sector, growing consciousness about therapy amid people and increase in safety and success of treatment.

The global high intensity focused ultrasound therapy market key players are Koninklijke Philips N.V., Image Guided Therapy, EDAP, SonaCare Medical, LLC., Chongqing Haifu Medical Technology Co., Ltd., Promedica Bioelectronics s.r.l., MIANYANG SONIC ELECTRONIC, INSIGHTEC Ltd., ALPINION MEDICAL SYSTEMS Co., Ltd. and FUS Instruments. Key players in the market focus on following novel strategies.

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