Therapeutic Ultrasound Market

Therapeutic Ultrasound Market to Exhibit a Remarkable CAGR of 4.6% by 2028, Size, Share, Trends, Key Drivers

Quick Overview of the Therapeutic Ultrasound Market Analysis

The Global Therapeutic Ultrasound Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of Therapeutic Ultrasound Industry (2023-28): Reveals Further Growth &Market Expansion

According to the most recent study, the Global Therapeutic Ultrasound Market is projected to grow at a CAGR of around 4.6% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023-28.

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Key Trends in the Global Therapeutic Ultrasound Market

The Clinical Development and Acceptance of Ultrasound therapy in Numerous Applications – Therapeutic ultrasound gained traction soon after it got clinical acceptability, unlike a decade ago when ultrasound imaging systems were not generally accessible. A few of its application includes shock wave therapy, lithotripsy, tumor ablation, site-specific and ultrasound-mediated medication administration, Sonothrombolysis, and acoustic hemostasis, among others. Studies have found that ultrasound enables the dissolving of thrombus in blood vessels, responsible for causing a heart attack, pulmonary embolism, or Deep Vein Thrombosis (DVT) with the integration of an ultrasonic transducer and microbubble contrast agents.

Additionally, ultrasound boosts the capacity of cancer medications to cross the blood-brain barrier and deliver them to the intended organs. These benefits have paved the way for smoother and faster incorporation of ultrasound therapy in numerous applications, thereby strengthening the presence of respective medical device manufactures.

Therapeutic Ultrasound Market Segmentation Analysis

-By Technology

  • High Intensity Focused Ultrasound
  • Extracorporeal Shockwave Lithotripsy

-By Application

  • Physical Therapy
  • Cancer
  • Gynecology & Obstetrics
  • Cardiovascular Disorders
  • Urinary Disorders
  • Others

-By End User

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Others

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Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

On the geographical front, North America is expected to acquire the leading position with the largest revenue share during 2023-28. The dominance largely attributes to the robust presence of prominent players such as Fujifilm Europe GmbH, General Electric, Philips Healthcare, and Siemens Healthcare across the region. These market behemoths are determined to bring innovative technologies such as high-intensity focused ultrasound and Extracorporeal Shockwave Lithotripsy, owing to substantial investment in the healthcare ecosystem across the region. Moreover, with an alarming rise in the prevalence of chronic diseases such as obesity, and diabetes leading to strokes, the prerequisite to bring more effective prevention and cure technique paired with devices have surged in the past few years.

Key Players and Competitive Strategies in the Therapeutic Ultrasound Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:

  • Analogic Corporation
  • Canon Medical Systems Corporation
  • Dornier MedTech
  • EDAP TMS
  • Fujifilm Europe GmbH
  • General Electric
  • InSightec
  • Philips Healthcare
  • Shenzhen Huikang Medical Apparatus Co., Ltd
  • Siemens Healthcare
  • Sonablate
  • Others

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Recent Developments in the Global Therapeutic Ultrasound Market

  • At ECR 2022, FUJIFILM introduced two new variants of the ARIETTA DeepInsight ultrasound series, named Arietta 850 DeepInsight and Arietta 650 DeepInsight, exhibiting the first-time inclusion of the company’s DeepInsight cognitive ultrasound technology, designed to downsize variability in scans and enable more accurate analysis. These latest variants also feature technologies such as real-time tissue elastography for color-coding tissue and shear-wave measurement for estimating tissue stiffness.
  • In May 2022, UVA Health and the Charlottesville-based Focused Ultrasound Center announced the launch of the Focused Ultrasound Cancer Immunotherapy Center. It is the world’s first center dedicated to advancing a focused ultrasound and cancer immunotherapy treatment approach aiming to revolutionize 21st-century cancer care.

Key Report Highlights

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography and product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2023-28?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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Our specialization in niche industries & emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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