[Research Report] The High-Intensity Focused Ultrasound Therapy market was valued at US$ 417.98 million in 2018 and it is projected to reach US$ 755.46 million by 2027; it is expected to grow at a CAGR of 7.1% from 2019 to 2027.
The high intensity focused ultrasound is a noninvasive therapeutic technique that utilizes nonionizing ultrasonic waves to heat the tissues. HIFU can be used to increase the flow of blood or lymph, and the treatment aims to kill cancer cells with high-frequency sound waves. However, it doesn't pass through thick bones, therefore, it is not suitable for every cancer. Moreover, the machine used in this treatment gives off high-frequency sound waves. The growth of the High-Intensity Focused Ultrasound Therapy market is attributed to the growing cancer prevalence around the globe, rising incidences of kidney stone and prostate diseases, elevating preference for noninvasive procedures. On the other hand, factor such as side effects associated with HIFU treatment are limiting the growth of the market.
The High-Intensity Focused Ultrasound Therapy market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Lucrative Regions for High-Intensity Focused Ultrasound Therapy Market
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Market Insights
Growing Applications of High-Intensity Focused Ultrasound Therapy in Healthcare to Drive High-Intensity Focused Ultrasound Therapy Market Growth
High-intensity focused ultrasound (HIFU) therapy is a treatment procedure that aims to kill cancer cells with highfrequency sound waves. It is useful in treating localized tumors (breast and prostate cancer cases) or a part of a large tumors.
Cancer is one of the key causes of deaths across the globe and is affecting the quality of life to a large scale. Thus, cancer would be burden on society if not diagnosed and treated on time. According to the WHO in 2018, cancer was a cause of ~9.6 million deaths around the globe were due to cancer. Furthermore, the National Cancer Institute predicted that ~1,735,350 new cancer cases will be diagnosed in the US in 2018.
Additionally, cancer is a common disease condition in European countries as well. As per the Cancer Research UK, in 2016, ~163,444 deaths in the UK were due to cancer.
Furthermore, APAC is also facing the problem of growing prevalence of cancer. The region reports Japan, Taiwan, Singapore, South Korea, Malaysia, Thailand, China, Philippines, Sri Lanka, Vietnam, Indonesia, Mongolia, India, Laos, and Cambodia as the top 15 countries with cancer prevalence. According to the National Institute of Cancer Prevention and Research (NICPR), the total deaths due to cancer in India in 2018 were 784,821.
These statistics determine an increase in the demand for advanced cancer diagnostics and treatment in various regions across the globe, thus driving the growth of the HIFU therapy market.
Focused ultrasound therapy is a noninvasive, therapeutic technology that has the potential to enhance the quality of life and reduce the cost of care for patients with kidney stones. This innovative technology deploys beams of ultrasonic energy accurately on targets in the body, without damaging the surrounding tissues. The ultrasound waves lead to the thermal destruction of tissue at the location where the beams converge, thereby disrupting the stone’s structure without surgery. HIFU is the most common procedure approved by FDA to treat prostate diseases.
The rise in the prevalence of kidney stone is mainly attributed to the improper intake of fluids, reduced urinary volume, dehydration, and increasing levels of certain chemicals in the urine. The formation of kidney stones may result in three types of stones—calcium, oxalate, uric acid. The incidence for the symptomatic and asymptomatic kidney stones has increased intensely. As per The Kidney Foundation of Canada, 70–80% of the cases are diagnosed with the calcium and oxalate stones. In addition, as per an article published by the European Medical Journal, the prevalence for the urinary tract stones across the world ranges from 4% to 20%. Moreover, the rise in the cases may witness the increase near about from 40% to 50% by 2050. The article also stated that the prevalence of nephrolithiasis in the US was ~10% in men and 7% in women.
Similarly, the rise in the prevalence of the prostate diseases in the men is driving the market for the HIFU therapy. The benign prostatic hyperplasia (BPH) is among the common diseases in the elderly men and is one of the most diagnosed causes of the lower urinary tract symptom (LUTS). The prevalence of the disease increases with the age, and as per the International Prostate Symptom Score, the US has highest prevalence (~42%) of the benign prostatic hyperplasia. The prevalence for the bladder disease is also rising along with these diseases. Bladder cancer is among the common bladder diseases; as per the American Cancer Society the statistics for 2018 were estimated that approximately 81,000 cases will be diagnosed with the bladder cancer in US. Thus, the increasing prevalence of kidney stone and prostate diseases are driving the growth of the HIFU therapy market.
HIFU, also known as magnetic resonance-guided focused ultrasound (MRgFUS) or focused ultrasound surgery (FUS), is an innovative, noninvasive treatment procedure for a wide range of tumors and diseases. HIFU systems possesse a transducer that generates sound waves at a single point and destroys the target tissue. The noninvasive surgical procedures enable the physicians to proceed without large cuts or incisions, which thereby reduces bleeding, scarring, trauma, and pain. This lessens the patient’s stay duration in hospitals and ultimately reduces the cost of care.
The HIFU platform is gaining importance in multiple applications as it helps to cut short the recovery time and reduce morbidity. The modern medicine encourages the utilization of such procedures for the treatment of variety of diseases with the rising interest of people in noninvasive treatment modalities. For instance, HIFU is now also used as a new cosmetic treatment for skin tightening, a new approach as noninvasive and painless replacement for face lifts.
The use of HIFU systems make noninvasive surgeries more efficient, safe, and innovative, and are likely to enable the manufacturers and researchers to come up with striking solutions, thereby fostering the market growth of global HIFU therapy market growth.
Modality-Based Insights
In terms of modality, the High-Intensity Focused Ultrasound Therapy market is segmented into therapeutic ultrasound, hemostasis, others. In 2018, the therapeutic ultrasound segment held the largest share of the market. However, others segment is expected to register the highest CAGR in the market during 2019–2027.
High-Intensity Focused Ultrasound Therapy market, by Modality – 2019 and 2027
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Method-Based Insights
In terms of method, the High-Intensity Focused Ultrasound Therapy market is segmented into noninvasive, minimally invasive. In 2018, the noninvasive segment held a larger share of the market. Moreover, this segment is expected to record a higher CAGR during the forecast period.
Application-Based Insights
Based on application, the High-Intensity Focused Ultrasound Therapy market is segmented into uterine fibroids, prostate cancer, others. In 2018, uterine fibroids segment held the largest share of the market. However, the market for the others (cosmetic, neurology, etc.) segment is expected to grow at the fastest CAGR during the forecast period.
End User-Based Insights
In terms of end user, the High-Intensity Focused Ultrasound Therapy market is segmented into hospitals, research centers, diagnostic centers. In 2018, the hospitals segment held the largest share of the market. Moreover, it is expected to register the highest CAGR in the market during the forecast period.
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High Intensity Focused Ultrasound Therapy Market: Strategic Insights
Market Size Value in US$ 417.98 Million in 2018 Market Size Value by US$ 755.46 Million by 2027 Growth rate CAGR of 7.1% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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High Intensity Focused Ultrasound Therapy Market: Strategic Insights
| Market Size Value in | US$ 417.98 Million in 2018 |
| Market Size Value by | US$ 755.46 Million by 2027 |
| Growth rate | CAGR of 7.1% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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The High-Intensity Focused Ultrasound Therapy market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
High-Intensity Focused Ultrasound Therapy Market – by Modality
- Therapeutic Ultrasound
- Hemostasis
- Others
High-Intensity Focused Ultrasound Therapy Market – by Method
- Noninvasive
- Minimally Invasive
High-Intensity Focused Ultrasound Therapy Market – by Application
- Uterine Fibroids Treatment
- Prostate Cancer Treatment
- Others
High-Intensity Focused Ultrasound Therapy Market – by End User
- Hospitals
- Research Centers
- Diagnostic Centers
High-Intensity Focused Ultrasound Therapy Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Image Guided Therapy
- EDAP
- Sonacare Medical 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Modality ; Method ; Application ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- 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
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- Data Analysis:
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