According to FutureWise analysis the market for high intensity focused ultrasound (hifu) in 2023 is US$ 0.11 billion, and is expected to reach US$ 0.19 billion by 2031 at a CAGR of 7.38%.
High-intensity focused ultrasound (HIFU) is a medical therapy that uses concentrated ultrasonic waves to ablate sick or damaged tissue. When ultrasonic waves are focused on a specific area, the temperature rises, causing protein denaturation and, ultimately, permanent cell death. HIFU-based surgical techniques are often favoured since they are minimally invasive. The worldwide HIFU market is predicted to increase significantly throughout the forecast period owing to reasons such as the numerous advantages connected with HIFU products (such as decreased bleeding) and a huge patient population base suffering from chronic diseases such as cancer and cardiovascular disorders. Furthermore, the growing usage of HIFU in different therapies, such as urinary problems imaging and excision of excess subcutaneous fatty tissue, is driving market expansion. However, the market's growth is hampered by demanding regulatory approval procedures for HIFU systems and poor reimbursement circumstances.
FutureWise Market Research has instantiated a report that provides an intricate analysis of High Intensity Focused Ultrasound (HIFU) Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the High Intensity Focused Ultrasound (HIFU) Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.