The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Therapeutic Ultrasound Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Therapeutic Ultrasound Industry (2023-2028):
According to the latest report, The Therapeutic Ultrasound Market is projected to grow at a CAGR of around 4.6% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Therapeutic Ultrasound industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2023-28
- CAGR (2023-2028): 4.6%
What key trends are shaping the future of the Therapeutic Ultrasound industry?
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.
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Therapeutic Ultrasound Market Segmentation
The Therapeutic Ultrasound Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Therapeutic Ultrasound Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Therapeutic Ultrasound Market
Analogic Corporation, Canon Medical Medical Systems Corporation, Dornier MedTech, EDAP TMS, Europe GmbH, General Electric, InSightec, Philips Healthcare, Shenzhen Huikang Medical Apparatus Co., Ltd, Siemens Healthcare, Sonablate, Others.
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.
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