Market Overview:
MRI Guided and Focused Ultrasound Devices Market is expected to register a CAGR of XX% during the forecast period 2018-2030. The market growth is attributed to the increasing prevalence of target diseases, technological advancements in MRI guided and focused ultrasound devices, and rising demand for minimally invasive surgeries. However, high cost of MRI guided and focused ultrasound devices may restrain the market growth during the forecast period. The global MRI guided and focused ultrasound devices market can be segmented on the basis of type into MRI guided ultrasound devices and focused ultrasound devices. On the basis of application,the globalmarket can be dividedinto uterine fibroids treatment, prostate disease treatment, other diseases treatment such as liver cancer, pancreatic cancer etc.,and research applications. Geographically speaking, North America dominates thenationalmarket due to better reimbursement scenario for medical procedures in this region followed by Europe .
Product Definition:
MRI-guided focused ultrasound (MRgFUS) is a medical device that uses high-intensity ultrasound waves to heat and destroy tissue. The device is guided by images from an MRI scanner. MRgFUS is used to treat cancer, uterine fibroids, and other conditions.
MRI Guided:
Magnetic Resonance Imaging (MRI) guided, also called as MRI assisted or radio frequency imaging is an advanced diagnostic procedure that uses a magnetic field and radio waves to produce images of body tissues. It's major application is in the diagnosis of soft tissue such as ligaments, tendons, nerves & blood vessels.
Focused Ultrasound:
Focused ultrasound is a diagnostic medical device that creates and projects focused high-intensity ultrasound beams onto targeted areas for the treatment of various diseases. The ultrasonic waves are absorbed by tissues and then converted into heat energy, which is used to treat cancer, arthritis, pain management etc.
The global Focused Ultrasound & MRI Guided market size was valued at USD 1.6 billion in 2016.
Application Insights:
The other diseases segment dominated the global market in 2017. This is owing to the increasing prevalence of cancer and other chronic diseases, such as cardiovascular disorders, diabetes mellitus, and respiratory problems. MRI guided focused ultrasound devices are used for diagnosis of prostate disease, uterine fibroids and cervical cancer among others.
MRI helps in visualizing soft tissue injuries including ligaments & tendons, muscles & fascia lacerations (contusions), joints capsule injuries (papillary necrosis) or acute spinal cord compression (cervical spinal stenosis). It also helps in evaluating pelvic pain due to bladder infections or kidney stones among others. Cervical cancer is another major application for this technology worldwide that will drive demand over the forecast period owing to high incidence rate globally coupled with availability of advanced products for early detection of this disease stage.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing demand for diagnostic procedures are some of the major factors contributing to its growth. Moreover, technological advancements coupled with high disposable income is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to rising medical tourism and improving healthcare infrastructure in emerging countries such as India and China. In addition, an increase in awareness regarding early diagnosis will also contribute towards regional growth over the next eight years. Europe accounted for a significant share due to growing geriatric population base which requires focused ultrasound treatment for various diseases such as uterine fibroids or prostate cancer at a higher rate than other regions; hence leading it being one of largest revenue generators amongst all regions worldwide (Figure 1).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This growth can be attributed to the advantages of minimally invasive surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. MRI-guided and focused ultrasound devices are increasingly being used in minimally invasive surgeries as they offer high accuracy and precision.
- Growing demand for image-guided therapies: The global market for image-guided therapies is expected to grow at a CAGR of 9% from 2016 to 2021. This growth can be attributed to the increasing use of image-guided therapies in cancer treatment, neurosurgery, cardiovascular surgery, and other medical procedures. MRI-guided and focused ultrasound devices offer high accuracy and precision making them ideal for use in image- guided therapies.
- Technological advancements: The development of new technologies that enable the accurate targeting of specific tissues or organs has led to an increase in the adoption rate of MRI- guided and focused ultrasound devices across various applications such as cancer treatment, neurosurgery, cardiovascular surgery, etcetera . These technological advancements are helping reduce procedure timeframes while also improving patient outcomes .
Scope Of The Report
Report Attributes
Report Details
Report Title
MRI Guided and Focused Ultrasound Devices Market Research Report
By Type
MRI Guided, Focused Ultrasound
By Application
Uterine Fibroids, Prostate Disease, Other Diseases
By Companies
Insightech, Profound Medical, Kona Medical, Mirabilis, SonaCare Medical, EDAPTMS, Theraclion, Alpinion Medical Systems, Beijing Yuande Bio-Medical Engineering, Chongqing Haifu Medical Technology, Shanghai A&S Technology Development
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global MRI Guided and Focused Ultrasound Devices Market Report Segments:
The global MRI Guided and Focused Ultrasound Devices market is segmented on the basis of:
Types
MRI Guided, Focused Ultrasound
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Uterine Fibroids, Prostate Disease, Other Diseases
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Insightech
- Profound Medical
- Kona Medical
- Mirabilis
- SonaCare Medical
- EDAPTMS
- Theraclion
- Alpinion Medical Systems
- Beijing Yuande Bio-Medical Engineering
- Chongqing Haifu Medical Technology
- Shanghai A&S Technology Development
Highlights of The MRI Guided and Focused Ultrasound Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- MRI Guided
- Focused Ultrasound
- By Application:
- Uterine Fibroids
- Prostate Disease
- Other Diseases
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the MRI Guided and Focused Ultrasound Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
MRI Guided and Focused Ultrasound Devices are medical devices that use high-frequency sound waves to create images of the inside of the body. These devices can be used to diagnose conditions such as cancer, heart disease, and birth defects.
Some of the major players in the mri guided and focused ultrasound devices market are Insightech, Profound Medical, Kona Medical, Mirabilis, SonaCare Medical, EDAPTMS, Theraclion, Alpinion Medical Systems, Beijing Yuande Bio-Medical Engineering, Chongqing Haifu Medical Technology, Shanghai A&S Technology Development.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. MRI Guided and Focused Ultrasound Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. MRI Guided and Focused Ultrasound Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. MRI Guided and Focused Ultrasound Devices Market - Supply Chain
4.5. Global MRI Guided and Focused Ultrasound Devices Market Forecast
4.5.1. MRI Guided and Focused Ultrasound Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. MRI Guided and Focused Ultrasound Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. MRI Guided and Focused Ultrasound Devices Market Absolute $ Opportunity
5. Global MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Type
5.3.1. MRI Guided
5.3.2. Focused Ultrasound
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Application
6.3.1. Uterine Fibroids
6.3.2. Prostate Disease
6.3.3. Other Diseases
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global MRI Guided and Focused Ultrasound Devices Demand Share Forecast, 2019-2026
9. North America MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Application
9.4.1. Uterine Fibroids
9.4.2. Prostate Disease
9.4.3. Other Diseases
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Type
9.7.1. MRI Guided
9.7.2. Focused Ultrasound
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America MRI Guided and Focused Ultrasound Devices Demand Share Forecast, 2019-2026
10. Latin America MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Application
10.4.1. Uterine Fibroids
10.4.2. Prostate Disease
10.4.3. Other Diseases
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Type
10.7.1. MRI Guided
10.7.2. Focused Ultrasound
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America MRI Guided and Focused Ultrasound Devices Demand Share Forecast, 2019-2026
11. Europe MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Application
11.4.1. Uterine Fibroids
11.4.2. Prostate Disease
11.4.3. Other Diseases
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Type
11.7.1. MRI Guidd
11.7.2. Focused Ultrasound
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe MRI Guided and Focused Ultrasound Devices Demand Share, 2019-2026
12. Asia Pacific MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Application
12.4.1. Uterine Fibroids
12.4.2. Prostate Disease
12.4.3. Other Diseases
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Type
12.7.1. MRI Guided
12.7.2. Focused Ultrasound
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific MRI Guided and Focused Ultrasound Devices Demand Share, 2019-2026
13. Middle East & Africa MRI Guided and Focused Ultrasound Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Application
13.4.1. Uterine Fibroids
13.4.2. Prostate Disease
13.4.3. Other Diseases
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa MRI Guided and Focused Ultrasound Devices Market Size and Volume Forecast by Type
13.7.1. MRI Guided
13.7.2. Focused Ultrasound
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa MRI Guided and Focused Ultrasound Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global MRI Guided and Focused Ultrasound Devices Market: Market Share Analysis
14.2. MRI Guided and Focused Ultrasound Devices Distributors and Customers
14.3. MRI Guided and Focused Ultrasound Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Insightech
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Profound Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kona Medical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mirabilis
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SonaCare Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EDAPTMS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Theraclion
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Alpinion Medical Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Beijing Yuande Bio-Medical Engineering
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chongqing Haifu Medical Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai A&S Technology Development
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
