High Intensity Focused Ultrasound (HIFU) is a non-invasive medical treatment technique that uses highly focused beams of ultrasound energy to ablate targeted tumors or lesions without harming surrounding tissues. HIFU procedures reduce treatment times and risks of infection and pain compared to conventional surgeries.
The global High Intensity Focused Ultrasound Market is estimated to be valued at US$ 129.84 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
HIFU is increasingly being used for soft tissue ablation procedures such as uterine fibroid ablation and prostate cancer treatments as it offers advantages over conventional invasive surgeries such as reduced risk of infection, pain, and scarring. With technological innovations enabling precise tissue targeting, HIFU systems are being used for ablation of malignant tumors in organs such as liver, breast, and pancreas. As non-invasive procedures are gaining popularity, adoption of HIFU technology for soft tissue ablation across various therapeutic areas is expected to significantly increase during the forecast period.
Segment Analysis
The global high intensity focused ultrasound market is segmented based on technology, application, and end user. By technology, the magnetic resonance-guided focused ultrasound segment is dominating as it provides high precision imaging as compared to other technologies. By application, the non-invasive surgery segment accounts for the largest share as HIFU procedures reduce recovery time and risks of surgery as compared to other treatment options.
Key Takeaways
The global High Intensity Focused Ultrasound Market is estimated to be valued at US$ 129.84 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2024 to 2031.
Regional analysis: The North America region is anticipated to witness the fastest growth in the global high intensity focused ultrasound market over the forecast period. Increasing adoption of advanced technologies and the strong presence of major market players in the region are driving the market growth.
Key players: Key players operating in the high intensity focused ultrasound market are Ellex Medical Lasers Ltd, Iridex Corporation, Alcon, Carl Zeiss Meditec AG, Lumenis Ltd., Topcon Medical Laser System, Nidek Co. Inc., Ziemer Ophthalmic Systems AG, Heine Optotechnik GmbH, and Keeler Ltd. These players are focusing on new product launches and geographical expansion to consolidate their market presence.
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