High Intensity Focused Ultrasound Market Introduction and Overview
According to SPER Market Research, the Global High Intensity Focused Ultrasound Market is estimated to reach USD 2.49 billion by 2033 with a CAGR of 7.31%.
The report includes an in-depth analysis of the Global High Intensity Focused Ultrasound Market, including market size and trends, product mix, Applications, and supplier analysis.
High intensity focused ultrasound (HIFU) is a non-invasive method that uses strong heat or high-frequency sound waves to destroy cancer cells and tissues. High-intensity focused ultrasound is used to treat bone metastases, prostate cancer, uterine fibroids, and desmoids tumors by focusing high-intensity beams on the tumor cells that need to be eliminated. High intensity focused ultrasound is employed in cosmetology in addition to neurological and cancer applications. Benefits of high intensity focused ultrasound in cosmetics include wrinkle reduction, skin tightening, enhanced jawline, decreased double chin, and increased skin elasticity.
- Kokilaben Dhirubhai Ambani Hospital in India unveiled the cutting-edge High-Intensity Focused Ultrasound (HIFU) technology in January 2024 to treat prostate cancer. HIFU is a highly targeted and minimally invasive method of treating localized prostate cancer by precisely identifying and eliminating prostate cancer cells using high-frequency sound waves.
- The FDA authorized Edison, HistoSonics' ground-breaking liver tumor treatment technology, in October 2023. This is the sixth FDA-approved clinical application of focused ultrasound therapy. Edison is the first and only platform of its kind accessible in the United States, and it uses histotripsy to kill liver tissue noninvasively. Additionally, this is the first time histotripsy has received international regulatory approval.
Market Opportunities and Challenges
Opportunities: The growing global incidence of cancer is a major factor propelling the HIFU therapy industry. Prostate, pancreatic, liver, and uterine cancer are among the cancers for which HIFU has shown promise as a therapy option. For patients looking for an efficient cancer treatment with fewer side effects and quicker recovery times, HIFU is a desirable alternative because of its capacity to precisely target tumors while limiting damage to nearby healthy tissue. The range of uses for HIFU devices has increased beyond cancer due to technological developments. HIFU therapy is now being investigated for cosmetic operations including wrinkle removal and skin tightening, as well as neurological conditions like essential tremor and Parkinson's disease. The market is expanding as a result of these advancements, which are encouraging HIFU technology adoption across a variety of medical specialties.
Challenges: The lack of qualified personnel and HIFU technology limitations are the main factors impeding industry expansion. The depth and size of the targeted tissue can limit the effectiveness of HIFU technology. Bone, gas-filled organs, and tissue barriers can also limit the precise targeting of HIFU energy to the intended treatment site by obstructing the propagation of ultrasound waves. HIFU treatment requires a skilled professional who can precisely plan and carry out the procedure; a lack of skilled professionals also restricts the growth of the market. The use and availability of HIFU technology may be restricted in some areas by a lack of regulatory permission for specific applications.
Market Competitive Landscape
There are many major competitors in the fiercely competitive high intensity focused ultrasound market that operate all over the world. These businesses prioritize R&D in order to launch cutting-edge goods and obtain a competitive advantage. Market participants frequently use partnerships, mergers, and acquisitions as well as strategic collaborations to increase their market share. Key market players 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Application, By End User.
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | 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. |
COVID-19 Impact on Global High Intensity Focused Ultrasound Market
The market for high intensity focused ultrasound has been affected by the COVID-19 epidemic in a variety of ways. On the one hand, the pandemic caused HIFU treatments and other elective procedures and healthcare services to be disrupted. The introduction of HIFU technology was impacted by the emphasis on managing COVID-19 cases and the reallocation of healthcare resources. But the pandemic also brought attention to how important non-invasive therapy options are, which sparked more interest in HIFU. During the pandemic, the promise of HIFU to provide focused, non-invasive therapy without hospitalization became even more pertinent. The market saw a rapid move toward outpatient and non-surgical procedures, which increased demand for HIFU.
By Application Insights
Dermatology dominated the market in 2023. This is primarily due to the increased use of HIFU technology for a variety of cosmetic and therapeutic applications. In dermatology, HIFU is commonly used for non-invasive skin tightening, wrinkle reduction, and facial rejuvenation treatments, leading in increased use of minimally invasive cosmetic solutions. The technology's ability to stimulate collagen formation and tighten skin without requiring surgery has made it popular with both patients and dermatologists.
Key Target Audience:
- Hospitals and Clinics
- Diagnostic Imaging Centers
- Medical Device Manufacturers
- Oncology Specialists
- Gynecologists and Urologists
- Academic and Research Institutes
- Regulatory Bodies and Government Agencies
Our in-depth analysis of the High Intensity Focused Ultrasound Market includes the following segments:
| By Application: | Prostate Cancer Uterine FibroidsNeurological DisordersCosmetologyOthers |
| By End User: | HospitalsAmbulatory Surgery Centres Cancer Treatment Centers Physiotherapy CentersOthers |
Key Topics Covered in the Report:
- Global High Intensity Focused Ultrasound Market Size (FY’2024-FY’2033)
- Overview of Global High Intensity Focused Ultrasound Market
- Segmentation of Global High Intensity Focused Ultrasound Market By Application (Prostate Cancer, Uterine Fibroids, Neurological Disorders, Cosmetology, Others)
- Segmentation of Global High Intensity Focused Ultrasound Market By End User (Hospitals, Ambulatory Surgery Centres, Cancer Treatment Centers, Physiotherapy Centers, Others)
- Statistical Snap of Global High Intensity Focused Ultrasound Market
- Expansion Analysis of Global High Intensity Focused Ultrasound Market
- Problems and Obstacles in Global High Intensity Focused Ultrasound Market
- Competitive Landscape in the Global High Intensity Focused Ultrasound Market
- Impact of COVID-19 and Demonetization on Global High Intensity Focused Ultrasound Market
- Details on Current Investment in Global High Intensity Focused Ultrasound Market
- Competitive Analysis of Global High Intensity Focused Ultrasound Market
- Prominent Players in the Global High Intensity Focused Ultrasound Market
- SWOT Analysis of Global High Intensity Focused Ultrasound Market
- Global High Intensity Focused Ultrasound Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global High Intensity Focused Ultrasound Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global High Intensity Focused Ultrasound Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global High Intensity Focused Ultrasound Market
7. Global High Intensity Focused Ultrasound Market, By Application (USD Million) 2020-2033
7.1. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By Application, 2020-2026
7.2. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By Application, 2027-2033
7.3. Prostate Cancer
7.4. Uterine Fibroids
7.5. Neurological Disorders
7.6. Cosmetology
7.7. Others
8. Global High Intensity Focused Ultrasound Market, By End User (USD Million) 2020-2033
8.1. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By End User, 2020-2026
8.2. Global High Intensity Focused Ultrasound Market Size, Share and Forecast, By End User, 2027-2033
8.3. Hospitals
8.4. Ambulatory Surgery Centres
8.5. Cancer Treatment Centers
8.6. Physiotherapy Centers
8.7. Others
9. Global High Intensity Focused Ultrasound Market Forecast, 2020-2033 (USD Million)
9.1. Global High Intensity Focused Ultrasound Market Size and Market Share
10. Global High Intensity Focused Ultrasound Market, By Region, 2020-2033 (USD Million)
10.1. Global High Intensity Focused Ultrasound Market Size and Market Share By Region (2020-2026)
10.2. Global High Intensity Focused Ultrasound Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle-East and Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. Focal One
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Sonablate Corp
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Verasonics, Inc
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. ALPINION MEDICAL SYSTEMS Co., Ltd
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Theraclion
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Chongqing Haifu Medical Technology Co., Ltd
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Lynton Lasers Ltd
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. ULTRAISER
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Profound Medical Inc
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links