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Global High Intensity Focused Ultrasound Market Size, Share: By Modality: Therapeutic Ultrasound, Hemostasis; By Method: Non-Invasive, Minimal-Invasive Method; By Application: Prostate Cancer, Neurological Disorders, Aesthetics, Uterine Fibroids, Others; By End User; Regional Analysis; Competitive Landscape; 2024-2032
High Intensity Focused Ultrasound Market Outlook
The high intensity focused ultrasound market size was valued at USD 112.1 million in 2023, driven by its applications in several medical domain due to its minimally invasive technology across the globe. The market is expected to grow at a CAGR of 7.3% during the forecast period of 2024-2032, with the values likely to rise from USD 120.2 million in 2024 to USD 210.6 million by 2032.
High Intensity Focused Ultrasound: Introduction
High intensity focused ultrasound (HIFU), also known as focused ultrasound surgery, is a minimally invasive medical procedure that uses ultrasound waves to treat conditions such as tumours in patients.
Instead of generating images or videos of the internal organs, HIFU is used to provide a target certain tissue to modify or destroy them. A HIFU transducer can be compared to a magnifying glass as it projects sound waves onto a tiny area of abnormal tissue, generating enough heat to destroy the cells.
High Intensity Focused Ultrasound Market Analysis
Prostate cancer is the most commonly occurring cancer types in men. This has led to a significant high intensity focused ultrasound market growth as it is a widely used procedure in affected patients. HIFU offers immediate discharge and minimal post procedure complications with the help of its minimally invasive and targeted methodology. It can also help cancer patients avoid surgery, chemotherapy, and radiation.
The preference of precision medicine has led to significant developments in HIFU. UT Southwestern physicians have developed a four tract tractography method to customize MRI-guided HIFU with a prime focus to treat Parkinson’s disease. MRI-guided HIFU ablation has been approved by the FDA for the treatment of essential tremor and tremor-dominant Parkinson’s. HIFU allows an improved patient response, decreased treatment time and precise targeting in the brain, which further mitigates the chances of side effects as well.
The high intensity focused ultrasound market demand is also expected to grow with its profound application in dermatology. It is used in facial and neck skin tightening, reduces the appearance of jowls, lifting drooping eyelids and eyebrows. It has gained popularity with its minimally invasive technology, which leaves no major scars behind and facilitates faster recovery. Doctors use it to promote collagen creation leading to a firm skin. With a heightened focus on improving facial aesthetics, the market is set to observe steady growth in the future.
High Intensity Focused Ultrasound Market Segmentation
Market Breakup by Modality
- Therapeutic Ultrasound
- Hemostasis
Market Breakup by Method
- Non-Invasive
- Minimal-Invasive Method
Market Breakup by Application
- Prostate Cancer
- Neurological Disorders
- Aesthetics
- Uterine Fibroids
- Others
Market Breakup by End User
- Diagnostic Centres
- Hospitals
- Research Centres
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
High Intensity Focused Ultrasound Market Overview
In April 2023, the FDA approved an investigational device exemption (IDE) application for the VEINRESET multicenter pivotal study that will focus on evaluating Sonovein HIFU treatment for varicose veins. This study will be conducted across four centers of United States and Europe, indicating that the regions are expected to lead the market in the forecast period with probable new innovations.
The United States, particularly with a well-developed infrastructure and home to prominent healthcare companies, is anticipated to dominate the high intensity focused ultrasound market share.
The Asia Pacific region is likely to observe rapid growth owing to the presence of a huge geriatric population that is susceptible to chronic diseases and cancer. The government has been focused on developing technology equipped infrastructure that instils further research and development in the medical field. Major health-tech companies have also been keen on settling their company headquarters and research centers in the region, attributed to the existence of affordable resources and massive academic talent. Therefore, the high intensity focused ultrasound market value is estimated to grow exponentially.
High Intensity Focused Ultrasound Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Medtronic
- Accutome, Inc.
- SonaCare Medical
- Koninklijke Philips N.V.
- Johnson & Johnson Private Limited
- Stryker
- Supersonic Imagine
- Ultrasound Technologies Ltd.
- Blatek Industries Incorporated
- Chongqing Haifu Medical Technology Co., Ltd.
- Shanghai A&S Technology Development Co., Ltd.
- Merz Pharma
- Sonic Concepts, Inc.
- Mianyang Sonic Electronic LTD.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Modality |
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| Breakup by Method |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global High Intensity Focused Ultrasound (HIFU) Market Overview
3.1 Global High Intensity Focused Ultrasound (HIFU) Market Historical Value (2017-2023)
3.2 Global High Intensity Focused Ultrasound (HIFU) Market Forecast Value (2024-2032)
4 Global High Intensity Focused Ultrasound (HIFU) Market Landscape
4.1 Global High Intensity Focused Ultrasound (HIFU) Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global High Intensity Focused Ultrasound (HIFU) Product Landscape
4.2.1 Analysis by Modality
4.2.2 Analysis by Method
4.2.3 Analysis by Application
5 Global High Intensity Focused Ultrasound (HIFU) Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global High Intensity Focused Ultrasound (HIFU) Market Segmentation
6.1 Global High Intensity Focused Ultrasound (HIFU) Market by Modality
6.1.1 Market Overview
6.1.2 Therapeutic Ultrasound
6.1.3 Hemostasis
6.2 Global High Intensity Focused Ultrasound (HIFU) Market by Method
6.2.1 Market Overview
6.2.2 Non-Invasive
6.2.3 Minimal-Invasive Method
6.3 Global High Intensity Focused Ultrasound (HIFU) Market by Application
6.3.1 Market Overview
6.3.2 Prostate Cancer
6.3.3 Neurological Disorders
6.3.4 Aesthetics
6.3.5 Uterine Fibroids
6.3.6 Others
6.4 Global High Intensity Focused Ultrasound (HIFU) Market by End User
6.4.1 Market Overview
6.4.2 Diagnostic Centres
6.4.3 Hospitals
6.4.4 Research Centres
6.4.5 Others
6.5 Global High Intensity Focused Ultrasound (HIFU) Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America High Intensity Focused Ultrasound (HIFU) Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe High Intensity Focused Ultrasound (HIFU) Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific High Intensity Focused Ultrasound (HIFU) Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America High Intensity Focused Ultrasound (HIFU) Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa High Intensity Focused Ultrasound (HIFU) Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding & Investment Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Supplier Landscape
16.1 Medtronic
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisitions
16.1.5 Certifications
16.2 Accutome, Inc.
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 SonaCare Medical
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.3.5 Certifications
16.4 Koninklijke Philips N.V.
16.4.1 Financial Analysis
16.4.2 Financial Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 Johnson & Johnson Private Limited
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 Stryker
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 Supersonic Imagine
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 Ultrasound Technologies Ltd.
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 Blatek Industries Incorporated
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 Chongqing Haifu Medical Technology Co., Ltd.
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
16.11 Shanghai A&S Technology Development Co., Ltd.
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.11.5 Certifications
16.12 Merz Pharma
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisitions
16.12.5 Certifications
16.13 Sonic Concepts, Inc.
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisitions
16.13.5 Certifications
16.14 Mianyang Sonic Electronic LTD.
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisitions
16.14.5 Certifications
17 Global High Intensity Focused Ultrasound (HIFU) Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 112.1 million in 2023, driven by the increasing incidence of prostate cancer cases along with the preference for minimally invasive treatment methods.
The market is anticipated to grow at a CAGR of 7.3% during the forecast period of 2024-2032, likely to reach a market value of USD 210.6 million by 2032.
The market demand has surged with the rising prevalence of improving facial aesthetics. HIFU offers minimal side effects and faster recovery, hence, it has gained wide popularity.
The application areas for HIFU are continuously rising. Researchers are also exploring its usage in Parkinson disease treatment.
Common application areas include prostate cancer, neurological disorders, aesthetics, and uterine fibroids, among others.
It is divided into therapeutic ultrasounds and hemostasis.
It can be both non-invasive and minimally invasive.
Major end users include hospitals, diagnostic centres, and research centres, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Medtronic, Accutome, Inc., SonaCare Medical, Koninklijke Philips N.V., Johnson & Johnson Private Limited, Stryker, Supersonic Imagine, Ultrasound Technologies Ltd., Blatek Industries Incorporated, Chongqing Haifu Medical Technology Co., Ltd., Shanghai A&S Technology Development Co., Ltd., Sonic Concepts, Inc., Mianyang Sonic Electronic LTD., and Merz Pharma.
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