In 2022, the projected value of the focused ultrasound system market stood at US$ 7,014.5 million. By 2023, this figure is expected to rise to approximately US$ 7,353.85 million. The emergence of new markets is poised to experience the most significant impact, driven by the rapid population growth in developing nations, leading to increased healthcare expenditures. According to Future Market Insights’ reports, the focused ultrasound system market is forecasted to exhibit a steady compound annual growth rate (CAGR) of 6.1% from 2023 to 2033, ultimately reaching an estimated value of around US$ 13,281.55 million by 2033.
Focused Ultrasound System Market: Overview
The global focused ultrasound system market is majorly driven by the increasing patient compliance with the non-invasive treatment procedures. By technology, focused ultrasound system market is expected to be dominated by the MR-guided focused ultrasound system segment due to high efficiency as compared to other. By application, focused ultrasound system market is expected to be dominated by the oncology segment due to high number of procedures. By end user, focused ultrasound system market is expected to be dominated by the hospital segment due to high patient footfall for the treatment.
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Focused Ultrasound System Market: Drivers and Restraints:
Focused ultrasound system market is majorly driven by the non-invasive and site specific nature of the treatment of various diseases without affecting the surrounding tissues. The treatment with focused ultrasound system requires around 2 to 4 hours only without need of analgesia which in turn further increases patient compliance and ease of treatment procedure fueling the growth of the market.
The reduced time or no time of inpatient stay after treatment with focused ultrasound system further decreases the economic burden of treatment and increasing traction of market growth. By coupling the ultrasound with MRI scanner healthcare professionals can actually see the real time visuals of tissues to be treated hence improving preciseness as well as therapeutic outcome.Increasing number of clinical trials and increasing spending on research and development by the focused ultrasound system manufacturing companies further expected to drive the growth of focused ultrasound system market. The performance evaluation of the focused ultrasound system for treatment of different diseases further expected to drive the growth of focused ultrasound system market in near future. Whereas, low product penetration in the middle and low income countries may hamper the potential growth prospect of the focused ultrasound system market.
Focused Ultrasound System Market: Regional Outlook
The global market is expected to be North America due to high product penetration and high number of procedures. Europe is expected to be second most lucrative focused ultrasound system market due to higher patient preference for non-invasive treatment. Latin America focused ultrasound system market is expected to experience steady growth due to increasing number of procedures using focused ultrasound system. Asia-Pacific is expected to be the fastest growing focused ultrasound system market due to rapidly improving healthcare infrastructure in the countries such as India and China. Middle East and Africa is expected to be the least lucrative focused ultrasound system market due to low product penetration and lack of proper healthcare infrastructure in majority of the region.
Focused Ultrasound System Market: Key Players
The key players operating in the global market are: ALPINION MEDICAL SYSTEMS Co., Ltd., INSIGHTEC Ltd., Sonacare Medical, GENERAL ELECTRIC COMPANY, Siemens Ltd., Haifu Medical Technology Co., Ltd., FUS Instruments, MEDSONIC LTD, Mirabilis Medical, Inc., EDAP, and others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Focused Ultrasound System Market Segments
- Focused Ultrasound System Market Dynamics
- Focused Ultrasound System Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Indication
- Value Chain
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Focused Ultrasound System Market: Segmentation
The global focused ultrasound system market is segmented based on the technology, application, end user and region
By technology focused ultrasound system market is segmented as:
- Ultrasound-Guided
- MR-Guided
By application focused ultrasound system market is segmented as:
- Oncology
- Neurosurgery
- Urology
- Cosmetics
- Other
By end user focused ultrasound system is segmented as:
- Hospitals
- Specialty Clinics
- Laboratories
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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