The global focused ultrasound system market is witnessing remarkable growth, fueled by rapid advancements in non-invasive imaging technologies and the increasing demand for precision-driven diagnostic and therapeutic applications. According to a recent report by Future Market Insights, the market, which was valued at USD 7,014.5 million in 2022, is projected to reach USD 7,353.8 million in 2023. With a compound annual growth rate (CAGR) of 6.1%, the market is anticipated to expand significantly, reaching approximately USD 13,281.6 million by 2033.
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Key Drivers of Market Expansion
- Rising Geriatric Population and Increased Healthcare Needs
One of the primary factors fueling the growth of the focused ultrasound system market is the rising global geriatric population. As aging individuals are more susceptible to chronic diseases such as cancer, neurological disorders, and cardiovascular conditions, there is an increasing need for advanced imaging solutions and non-invasive treatment methods.
Focused ultrasound systems (FUS) have emerged as a safer and more effective alternative to traditional surgical procedures, offering improved patient outcomes with reduced recovery time. With healthcare systems worldwide emphasizing patient-centric and minimally invasive solutions, the demand for focused ultrasound is expected to surge in the coming years.
- Technological Advancements in Ultrasound Imaging
The integration of artificial intelligence (AI) and real-time monitoring has revolutionized the focused ultrasound landscape, enhancing both diagnostic accuracy and therapeutic efficiency. Advanced AI-driven imaging technologies allow healthcare professionals to detect abnormalities with greater precision, leading to early diagnosis and better treatment planning.
Moreover, cutting-edge ultrasound systems are now equipped with improved transducer technology, enhanced image resolution, and automated workflow capabilities, making them an indispensable tool in hospitals, diagnostic centers, and research institutions. These technological advancements are expected to boost adoption rates and drive significant market expansion over the forecast period.
- Growing Demand for Minimally Invasive Procedures
The global healthcare industry is witnessing a paradigm shift towards minimally invasive treatments, as both patients and medical professionals increasingly prefer safer, non-surgical options. Focused ultrasound therapy enables precise, targeted treatment without the need for incisions or anesthesia, reducing the risks associated with traditional surgical methods such as:
- Infections
- Excessive bleeding
- Prolonged hospital stays
As the demand for cost-effective and patient-friendly procedures rises, focused ultrasound systems are expected to gain widespread acceptance across oncology, neurology, cardiology, and other therapeutic segments.
- Favorable Government Policies and R&D Incentives
Governments worldwide are actively supporting medical imaging innovations by offering tax incentives, research grants, and funding programs for advanced healthcare technologies. This has encouraged increased research and development (R&D) initiatives, fostering technological breakthroughs in ultrasound imaging.
Additionally, government policies promoting the adoption of next-generation medical devices are making cutting-edge ultrasound systems more accessible to healthcare institutions. This, in turn, is expected to drive significant market expansion and contribute to the overall growth of the focused ultrasound industry.
Key Takeaways from the Market Study
- Anticipated size of the focused ultrasound system market in 2017 was USD 5,783.4 million.
- Global focused ultrasound system market grew at a CAGR of 3.9% between 2017 and 2022.
- North America is expected to hold a significant share in the global focused ultrasound systems market with a market share of 20%.
- United States has a dominant share in this market with a value share of 16.7%.
- Under product type, ultrasound-guided machines have a value share of 56%.
- Under application type, urology has a lucrative position in the market with a market share of 42.3%.
“Rise in the prevalence of various chronic diseases is considered to be one of the major drivers of the focused ultrasound system market”, comments a Future Market Insights analyst.
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Market Outlook and Future Trends
The future of the focused ultrasound system market looks promising, with continuous advancements in AI-based imaging, improved affordability, and expanding clinical applications across various medical disciplines. Some key trends shaping the market include:
- Wider adoption in neurology: Focused ultrasound is increasingly being used for the treatment of neurological disorders such as Parkinson’s disease and essential tremors.
- Enhanced therapeutic applications: The technology is evolving beyond diagnostics, with applications in oncology (tumor ablation), pain management, and non-invasive cardiac treatments.
- Increased accessibility and affordability: With ongoing research and favorable government initiatives, focused ultrasound systems are becoming more accessible to healthcare providers worldwide.
Market Competition
Leading companies in the market are investing in research and development activities so as to expand their existing product portfolios. For instance, Israel-based INSIGHTEC Ltd., is focusing its energies on developing a focused ultrasound system for the treatment of Parkinson’s disease. This ultrasound system is in stage three of clinical trials for FDA approval.
- India Medtronic Private Limited, a wholly-owned subsidiary of Medtronic plc announced the launch of the Sonicision™ Curved Jaw Cordless Ultrasonic Dissection System, which is a next-generation ultrasonic dissection device that will deliver the combined benefits of enhanced precision to surgeons with convenience and safety in the operating room.
- Alpinion Medical Systems Co., Ltd. had taken part in Arab Health 2023, one of the largest medical device exhibitions in the Middle East, and unveiled an X-CUBE line-up with its latest imaging platform and enhanced its diagnostic solution functions.
Key Companies Profiled
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
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Key Segments Profiled in the Focused Ultrasound Systems Market Survey
By Technology:
- Ultrasound-Guided
- MR-Guided
By Application:
- Oncology
- Neurosurgery
- Urology
- Cosmetics
- Other
By End User:
- Hospitals
- Laboratories
- Specialty Clinics
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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