High Intensity Focused Ultrasound Therapy Market Growth and key Industry Players, 2020 Analysis and Forecast

Asia Pacific is the fastest growing geographic market and is expected to be the significant revenue contributor in forecast period. The region has witnessed several government support in countries such as South Korea for cancer awareness and other initiatives, as well as increasing cancers such as prostate cancer. Various organizations in India have been working toward proving better treatment as well as services for cancer. Indian Cancer Society is a voluntary, nonprofit, national organization for awareness, detection, cure, and survivorship of those affected with this disease and work to fight against cancer in India.

The global high-intensity focused ultrasound therapy market by modality was led by therapeutic ultrasound segment. In 2018, the therapeutic ultrasound segment held a largest market share of the high-intensity focused ultrasound therapy market. This segment is also expected to dominate the market in 2027 because it increases the healing rates, tissue relaxation, and its heating, local blood flow, and scar tissue breakdown. Moreover, the use of ultrasonic energy for therapy has been expanded and approved for surgical tissue cutting and hemostasis, uterine fibroid ablation, cataract removal, transdermal drug delivery, and bone fracture healing, and others.

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The major players operating in the High-Intensity Focused Ultrasound therapy market include Image Guided Therapy, EDAP, Sonacare Medical and LLC, Koninklijke Philips N.V., Chongqing Haifu Medical Technology Co., Ltd., Shanghai A & S Science Technology Development Co.,Ltd, Mianyang Sonic Electronic, Insightec Ltd., Alpinion Medical Systems Co., Ltd., FUS Instruments among others.

The market for High-Intensity Focused Ultrasound therapy is expected to grow, owing to factors such as growing cancer prevalence across the globe, rising incidences of kidney stone and prostate diseases, rising preference for non-invasive procedures. In addition, growing hospital industry in developing nations are likely to have a positive impact on the growth of the market in the coming years.

The growing hospitals industry in the developing countries in the Asia Pacific region, are creating better opportunities for the major market players to expand their business. This is a major reason for the market growth in the forecast period. According to the India Brand Equity Foundation, the hospital industry in India is expected to reach USD 132.84 billion by 2022 from USD 61.79 in 2017. The Indian hospital sector is expected to expand at a CAGR of 16-17% over 2017–2022. India also has a large pool of doctors and medical staff who have the potential to grow the industry to an even higher level.

Cancer is a genetic disorder caused due to definite variations in genes that govern cell functioning, particularly affecting their growth and replication. The rise in the prevalence for the prostate disease or cancer in the men are driving the market for the High-intensity focused ultrasound therapy (HIFU). The prevalence of the disease increase as the age grows and as per the International Prostate Symptom Score US has highest prevalence for the benign prostatic hyperplasia which is attributed nearly around 42%. 

Global High-Intensity Focused Ultrasound Therapy market – By Modality

• Therapeutic Ultrasound
• Hemostasis
• Others

Global High-Intensity Focused Ultrasound Therapy market – By Method

• Non-Invasive
• Minimal-Invasive

Global High-Intensity Focused Ultrasound Therapy market – By Application

• Uterine Fibroids
• Prostate Cancer
• Others

Global High-Intensity Focused Ultrasound Therapy market – By End User

• Hospitals
• Research Centers
• Diagnostic Centers

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