South Korea High-intensity Focused Ultrasound (HIFU) Therapy Market Present Scenario on Growth Analysis along with Key Industry Players

 

The HIFU therapy market is expected to grow significantly soon due to various factors such as prevalence of chronic diseases such as cancer in the population, favorable regulatory environment regarding HIFU therapy, and increase in the aging population globally.

HIFU is a minimally invasive technique that uses focused ultrasound waves on diseases such as cancer, destroying damaged tissue with precision and accuracy. Ultrasound waves are focused at a specific location or focal point. Target tissue at the focal point is destroyed, but tissue outside the focal point is not damaged.

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Europe was the leading revenue contributor to the global market in 2017, owing to the high adoption rate of HIFU equipment. However, Asia-Pacific is expected to grow at the highest CAGR of 23.2% from 2018 to 2025 due to rising disposable income; increase in research, development, and innovation activities; and raising awareness of HIFU therapy equipment.

Top Market Players:

·        Chongqing Haifu Medical Technology Co., Ltd.,

·        EDAP TMS S.A.,

·        SonaCare Medical, LLC.,

·        ILJIN Holdings Co., Ltd. (ALPINION MEDICAL SYSTEMS Co., Ltd.),

·        Image Guided Therapy S.A.,

·        INSIGHTEC Ltd.,

·        Theraclion SA,

·        Merz Pharmaceuticals GmbH (Ulthera, Inc.),

·        Profound Medical Corp.,

·        Shanghai A&S Technology Development Co., Ltd.