Global High Intensity Focused Ultrasound Market Size study, by Application, by End-use, and Regional Forecasts 2022-2032

Description

Global High Intensity Focused Ultrasound (HIFU) Market is valued at approximately USD 1.23 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.06% over the forecast period 2024-2032. High Intensity Focused Ultrasound (HIFU) is a revolutionary non-invasive therapeutic technique that utilizes concentrated ultrasound waves to produce localized heat, effectively destroying diseased tissue. Predominantly used in cancer treatments such as prostate and liver cancer, HIFU operates by focusing high-frequency sound waves on targeted areas, inducing cellular destruction through thermal and mechanical effects. This precise method minimizes harm to surrounding healthy tissues and offers fewer side effects compared to traditional surgical procedures, making it a compelling alternative in contemporary medical treatments.

The HIFU market's growth is driven by several pivotal factors, including the escalating prevalence of cancer and other chronic disorders, the rising preference for minimally invasive procedures, advancements in technology, and the expanding use of HIFU in non-oncological applications. There's a growing preference for minimally invasive procedures, which HIFU offers. Technological advancements enhance its efficacy and safety, making it more attractive. Additionally, the expanding use of HIFU in non-oncological applications, such as cosmetic procedures and treatment of benign diseases, broadens its market potential, driving further growth. However, high cost of HIFU systems is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominated the HIFU market in 2023, capturing the largest revenue share. This regional supremacy is attributed to the presence of key market players and ongoing research and development activities. Additionally, the high prevalence of chronic diseases, including cancer, in North America drives the demand for effective and less invasive treatment methods such as HIFU, further bolstering market growth. Furthermore, the market in Asia Pacific is anticipated to develop at the fastest rate over the forecast period 2024-2032.

Major market players included in this report are:

Focal One
Sonablate Corp.
Verasonics, Inc.
ALPINION MEDICAL SYSTEMS Co., Ltd.
Theraclion
Chongqing Haifu Medical Technology Co., Ltd.
Lynton Lasers Ltd
ULTRAISER
Profound Medical Inc

The detailed segments and sub-segments of the market are explained below:

By Application:

Uterine Fibroids
Prostate Cancer
Essential Tremor
Dermatology
Breast Cancer
Glaucoma
Backpain, Facetogenic
Other Applications

By End-use:

Hospitals
Imaging Centers
Other End Users

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global High Intensity Focused Ultrasound (HIFU) Market Executive Summary

1.1. Global High Intensity Focused Ultrasound (HIFU) Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global High Intensity Focused Ultrasound (HIFU) Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global High Intensity Focused Ultrasound (HIFU) Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing prevalence of cancer and chronic disorders
- 3.1.2. Growing preference for minimally invasive procedures
- 3.1.3. Technological advancements
- 3.1.4. Expanding non-oncological applications
3.2. Market Challenges
- 3.2.1. High cost of HIFU systems
- 3.2.2. Regulatory hurdles
3.3. Market Opportunities
- 3.3.1. Emerging markets
- 3.3.2. Integration with advanced imaging techniques
- 3.3.3. Development of portable HIFU devices

Chapter 4. Global High Intensity Focused Ultrasound (HIFU) Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global High Intensity Focused Ultrasound (HIFU) Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global High Intensity Focused Ultrasound (HIFU) Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Uterine Fibroids
- 5.2.2. Prostate Cancer
- 5.2.3. Essential Tremor
- 5.2.4. Dermatology
- 5.2.5. Breast Cancer
- 5.2.6. Glaucoma
- 5.2.7. Backpain, Facetogenic
- 5.2.8. Other Applications

Chapter 6. Global High Intensity Focused Ultrasound (HIFU) Market Size & Forecasts by End-use 2022-2032

6.1. Segment Dashboard
6.2. Global High Intensity Focused Ultrasound (HIFU) Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Hospitals
- 6.2.2. Imaging Centers
- 6.2.3. Other End Users

Chapter 7. Global High Intensity Focused Ultrasound (HIFU) Market Size & Forecasts by Region 2022-2032

7.1. North America High Intensity Focused Ultrasound (HIFU) Market
- 7.1.1. U.S. High Intensity Focused Ultrasound (HIFU) Market
  - 7.1.1.1. Application breakdown size & forecasts, 2022-2032
  - 7.1.1.2. End-use breakdown size & forecasts, 2022-2032
- 7.1.2. Canada High Intensity Focused Ultrasound (HIFU) Market
7.2. Europe High Intensity Focused Ultrasound (HIFU) Market
- 7.2.1. UK High Intensity Focused Ultrasound (HIFU) Market
- 7.2.2. Germany High Intensity Focused Ultrasound (HIFU) Market
- 7.2.3. France High Intensity Focused Ultrasound (HIFU) Market
- 7.2.4. Spain High Intensity Focused Ultrasound (HIFU) Market
- 7.2.5. Italy High Intensity Focused Ultrasound (HIFU) Market
- 7.2.6. Rest of Europe High Intensity Focused Ultrasound (HIFU) Market
7.3. Asia-Pacific High Intensity Focused Ultrasound (HIFU) Market
- 7.3.1. China High Intensity Focused Ultrasound (HIFU) Market
- 7.3.2. India High Intensity Focused Ultrasound (HIFU) Market
- 7.3.3. Japan High Intensity Focused Ultrasound (HIFU) Market
- 7.3.4. Australia High Intensity Focused Ultrasound (HIFU) Market
- 7.3.5. South Korea High Intensity Focused Ultrasound (HIFU) Market
- 7.3.6. Rest of Asia Pacific High Intensity Focused Ultrasound (HIFU) Market
7.4. Latin America High Intensity Focused Ultrasound (HIFU) Market
- 7.4.1. Brazil High Intensity Focused Ultrasound (HIFU) Market
- 7.4.2. Mexico High Intensity Focused Ultrasound (HIFU) Market
- 7.4.3. Rest of Latin America High Intensity Focused Ultrasound (HIFU) Market
7.5. Middle East & Africa High Intensity Focused Ultrasound (HIFU) Market
- 7.5.1. Saudi Arabia High Intensity Focused Ultrasound (HIFU) Market
- 7.5.2. South Africa High Intensity Focused Ultrasound (HIFU) Market
- 7.5.3. Rest of Middle East & Africa High Intensity Focused Ultrasound (HIFU) Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Focal One
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Sonablate Corp.
- 8.3.3. Verasonics, Inc.
- 8.3.4. ALPINION MEDICAL SYSTEMS Co., Ltd.
- 8.3.5. Theraclion
- 8.3.6. Chongqing Haifu Medical Technology Co., Ltd.
- 8.3.7. Lynton Lasers Ltd
- 8.3.8. ULTRAISER
- 8.3.9. Profound Medical Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes