Global High Intensity Focused Ultrasound Market Report and Forecast 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