High Intensity Focused Ultrasound - HIFU Market Report 2024 (Global Edition)

Global High Intensity Focused Ultrasound - HIFU Market Report 2024 Market Size Split by Imaging Technology (Ultrasound-HIFU Therapy, Magnetic Resonance Imaging-HIFU Therapy), by End User (Hospitals, A...

High Intensity Focused Ultrasound - HIFU Market Report Description

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Competitive Landscape of the High Intensity Focused Ultrasound - HIFU  Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

High Intensity Focused Ultrasound - HIFU Industry News

In October 2022, High Intensity Focused Ultrasound - HIFU  has advanced significantly with LanzaTech's development of specialised biocatalysts for continuous ethylene synthesis from CO2. This novel method solves a significant issue facing the chemical industry by lowering carbon emissions and providing a more energy- and sustainably-efficient process. This could have an effect on the world market for ethylene and encourage the use of biocatalysts in the synthesis of necessary chemicals and materials.

(Source: https://lanzatech.com/lanzatech-produces-ethylene-from-co2-changing-the-way-we-make-products-today/)

In June 2022, Novozymes acquired the majority of the shares in Synergia Life Sciences, an international leader in the production and supply of vitamin K2-7 and microbial therapeutics, located in Mumbai, India. 

(Source:https://ascopubs.org/doi/10.1200/EDBK_350751#:~:text=The%20American%20Cancer%20Society%20estimates,the%20United%20States%20for%202022.&text=Globally%2C%20a%20total%20of%201%2C414%2C259,deaths%20were%20reported%20in%20202)

Top Companies Market Share in High Intensity Focused Ultrasound - HIFU Industry: (In no particular order of Rank)

• 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.
• EDAP TMS 
• Shanghai A&S Technology Development Co. Ltd.
• ILJIN 
• Image Guided Therapy 
• INSIGHTEC 
• Theraclion 
• Merz Pharma 
• Profound Medical 
• Sonic ConceptsInc.
• Mianyang Sonic Electronic LTD. 
• FUS Instruments 
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of High Intensity Focused Ultrasound - HIFU

Which Region Dominates the High Intensity Focused Ultrasound - HIFU Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Modern therapeutic options with few side effects and better patient outcomes are in high demand due to the rising frequency of cancer and other chronic diseases. With its capacity to precisely target and eradicate tumours, HIFU therapy has become a highly promising treatment option in the oncology area. Second, the efficacy and safety of HIFU therapy have been improved by technology developments in ultrasound imaging and therapy delivery systems, which has increased its use. In addition, the market for HIFU therapy has grown as a result of an ageing population and increased healthcare costs. 

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing as the Investing in research and development can open up new revenue opportunities by enhancing the accuracy and effectiveness of HIFU therapy. Partnerships between IT firms and healthcare facilities can also stimulate market expansion and hasten the implementation of HIFU therapy. Accepting the promise of HIFU therapy can result in better treatment outcomes and patient care as the healthcare sector continues to change. 

The current report Scope analyzes High Intensity Focused Ultrasound - HIFU Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America High Intensity Focused Ultrasound - HIFU Market

According to Cognitive Market Research, the global High Intensity Focused Ultrasound - HIFU market size was estimated at USD 282.5 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 113.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031 due to the increasing perception and gratitude. Growth in the market may be fueled by patients' and healthcare professionals' increased knowledge of the advantages of HIFU as well as their growing acceptance and use of non-invasive treatment alternatives. Additionally, the market players will have more profitable chances due to the growing collaboration, merger, and acquisition among themselves. In the future, the growing number of market participants will also accelerate the market's growth rate. 

Country Analysis

• According to Cognitive Market Research, the US had a major share in the High Intensity Focused Ultrasound - HIFU market with a market size of USD 89.16 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period due to the growing strategic efforts of the major industry participants and the advantageous regional government programmes.

• The Canada High Intensity Focused Ultrasound - HIFU market had a market share of USD 13.56 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period due the variables including growing R&D expenses, growing healthcare prices, and newest tech trends. 
• The Mexico High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 10.28 million in 2024.

 

Europe High Intensity Focused Ultrasound - HIFU Market

According to Cognitive Market Research, with a market value of USD 282.5 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 84.75 million. Over the course of the forecast period, an increase in business alliances and player collaboration is anticipated to boost the market. Additionally, it is anticipated that a rise in the number of product approvals from regulatory bodies will propel market expansion. Due to the growing use of HIFU in the treatment of neurological illnesses, rising cases of neurological disorders may fuel market expansion over the predicted period.

• The United Kingdom High Intensity Focused Ultrasound - HIFU market had a market share of USD 14.24 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period due to leading businesses in the global high-intensity focused ultrasound (HIFU) market are concentrating on inorganic growth tactics like joint ventures.
• The France High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 7.80 million in 2024.
• According to Cognitive Market Research, the Germany High Intensity Focused Ultrasound - HIFU market size was valued at USD 16.78 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period as vulvar and vaginal cancers become more common.
• The Italy High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 7.29 million in 2024.
• The Russia High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 13.14 million in 2024.
• The Spain High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 6.95 million in 2024.
• The Luxembourg High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 2.63 million in 2024.
• The Portugal High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 1.78 million in 2024.
• The Greece High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 1.02 million in 2024.
• Rest of Europe High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 13.14 million in 2024.

 

Asia Pacific High Intensity Focused Ultrasound - HIFU Market

According to Cognitive Market Research, the global High Intensity Focused Ultrasound - HIFU market size was estimated at USD 282.5 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 64.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031 due to the growing market for ecologically friendly and sustainably produced goods. Other noteworthy finding in this market is the increasing adoption of technology to improve product efficiency and quality. Cutting-edge technologies like blockchain, machine learning, and artificial intelligence are being used to develop novel goods that outperform traditional options in terms of efficacy and efficiency. 

• According to Cognitive Market Research, the China High Intensity Focused Ultrasound - HIFU market size was valued at USD 29.24 million in 2024 and is projected to grow at a CAGR 9.0% during the forecast period due to the growing need for eco-friendly and cutting-edge products as well as the extensive usage of technology.
• The Japan High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 8.97 million in 2024.
• The India High Intensity Focused Ultrasound - HIFU market had a market share of USD 7.80 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period due to the technological developments and their eco-friendliness.
• The South Korea High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 6.50 million in 2024.
• The Australia High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD 3.38 million in 2024.
• The South East Asia High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 10.5% during the forecast period with a market size of USD 4.48 million in 2024.
• The Rest of Asia Pacific High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD 4.61 million in 2024.

 

South America High Intensity Focused Ultrasound - HIFU Market

According to Cognitive Market Research, the global High Intensity Focused Ultrasound - HIFU market size was estimated at USD 282.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 14.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031. These businesses could use a variety of tactics to propel market expansion. They can take advantage of technological improvements and concentrate on providing high-performance and unique products. It would also be advantageous to broaden their distribution networks in order to reach new clients. Cooperation and partnerships with a strategic focus can also be pursued to improve competitiveness and market presence. The need for high intensity focused ultrasound (HIFU) therapy has increased dramatically as a result of ongoing developments in technology and materials. 

• According to Cognitive Market Research, the Brazil High Intensity Focused Ultrasound - HIFU market size was valued at USD 6.05 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period due to the market for high intensity focused ultrasound (HIFU) therapy currently offers a large selection of goods that may be tailored to meet the needs of various customers.

• The Argentina High Intensity Focused Ultrasound - HIFU market had a market share of USD 2.37 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period due to the market for HIFU therapy has grown as a result of both the ageing population and rising healthcare costs. 
• The Colombia High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 1.26 million in 2024.
• The Peru High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR 7.1% during the forecast period with a market size of USD 1.16 million in 2024.
• The Chile High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 1.02 million in 2024.
• The Rest of Latin America High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 2.27 million in 2024.

Middle East and Africa High Intensity Focused Ultrasound - HIFU Market

According to Cognitive Market Research, the global High Intensity Focused Ultrasound - HIFU market size was estimated at USD 282.5 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Rectal cancer incidence is on the rise, which is a major factor propelling market expansion.  The increasing quantity of R&D projects that research institutes are conducting is driving the market. For example, a phase 2 clinical trial is being carried out at the Institute Mutualiste Montsouris in France to investigate the safety and effectiveness of terbinumab in combination with chemotherapy as neoadjuvant therapy for triple-negative breast cancer following HIFU therapy. These kinds of studies drive market expansion and progress the field. 

• According to Cognitive Market Research, the GCC Countries High Intensity Focused Ultrasound - HIFU market size was valued at USD 2.42 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period due to the modern therapeutic options with few side effects and better patient outcomes are in high demand due to the rising frequency of cancer and other chronic diseases. 
• The Egypt High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 0.59 million in 2024.

• The South Africa High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 0.89 million in 2024 due to the increasing quantity of R&D projects that research institutes are conducting is driving the market.
• The Turkey High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 0.49 million in 2024.
• The Nigeria High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 0.59 million in 2024
• The Rest of MEA High Intensity Focused Ultrasound - HIFU market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 0.67 million in 2024.

 

High Intensity Focused Ultrasound - HIFU Market Analysis

High Intensity Focused Ultrasound - HIFU Imaging Technology Segment Analysis

According to Cognitive Market Research, Ultrasound-HIFU Therapy held the major market share over the forecast period. Ultrasound waves are used in high-intensity focused ultrasound (HIFU), a minimally invasive medical therapy, to treat a variety of ailments, including tumours, uterine fibroids, and tremor. The body's targeted tissues are altered or destroyed by the extremely strong and narrowly focused sound waves. Regular ultrasonic scans are used by healthcare professionals for a variety of imaging needs. High-frequency sound waves are used in ultrasound to produce real-time images or videos of soft tissues such as interior organs. 

Magnetic resonance imaging-HIFU therapy is the fastest-growing category over the forecast period Treatment of symptomatic uterine fibroids with unrestrictive measures involves the use of magnetic resonance-high intensity focused ultrasound (MR-HIFU). One tactic to improve HIFU deposition efficiency at the tumour location is to use magnetic nanoparticles (MNPs) as thermal treatment ultrasound absorption agents. The present work has three main goals: to investigate how MNP characteristics, such as size and volume concentration, affect the thermal process of HIFU.

• Ultrasound-HIFU Therapy
• Magnetic Resonance Imaging-HIFU Therapy

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of High Intensity Focused Ultrasound - HIFU Industry. Request a Free Sample PDF!

High Intensity Focused Ultrasound - HIFU Segment Analysis

According to Cognitive Market Research, hospitals hold a prominent market share. The need of making sure healthcare institutions have the newest medical supplies available is becoming more widely recognised. It is anticipated that this awareness will persist in the future. Growing adoption and awareness of early diagnosis, rising incidence of chronic diseases including diabetes, cardiovascular diseases, cancer, and others, and growing technical breakthroughs are the reasons driving the worldwide hospital industry's growth. 

Ambulatory Surgical Centers is the fastest-growing category over the forecast period due to the ASCs, or ambulatory surgery centres, are places where procedures that don't need hospital stays are carried out. ASCs offer more affordable services in a less stressful and comfortable setting than many hospitals can. When a patient opts for an ASC, they don't need to stay in a hospital; instead, they come in on the day of the treatment, have their surgery in a fully furnished operating room, and recuperate under the supervision of highly qualified nurses.

• Hospitals
• Ambulatory Surgical Centers
• Dermatology Clinics
• Others (Research Institutes,specialty Centers,etc.)

The above Graph is for representation purposes only. This chart does not depict actual Market share.

High Intensity Focused Ultrasound - HIFU Indication Segment Analysis

According to Cognitive Market Research, oncology hold a prominent market share. Through the creation of thermal lesions deep inside the brain, focused ultrasound has the potential to relieve symptoms by disrupting the circuits responsible for tremor and dyskinesia. Focused ultrasound has the potential to treat neurolosurgical illnesses in a variety of ways by causing both non-ablative and ablative tissue disturbance. Increasing immune response and the administration of therapeutic medicines to a specific volume through the temporary opening of the blood-brain barrier. 

Neurological Disorders is the fastest-growing category over the forecast period. HIFU stands for High Intensity Focused Ultrasound, a minimally invasive technique that uses high frequency sound waves to precisely target malignant tissue. After inserting an ultrasound probe into the rectum, sound waves heat up and ablate the targeted tissue, eliminating only the cancerous cells. High frequency sound waves are used in the HIFU treatment to kill prostate cancer cells. The goal is to use high frequency sound waves to destroy cancer cells. Since HIFU cannot travel through solid bone or air, not all cancers can benefit from its use. As a participant in a clinical trial for prostate cancer, you may receive HIFU.

• Oncology
• Skin Care
• Neurological Disorders
• Others (Uterine Fibroids
• Benign Prostatic Hyperplasia
• etc.)

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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