Therapeutic Ultrasound Market Size, Share and Forecast Analysis to 2028
Future of Therapeutic Ultrasound Market: Key Dynamics, Size & Share Analysis
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 market is predominantly driven by the progressing technological advances in therapeutic ultrasound imaging resulting in extensive application in physical therapy, cancer, gynecology & obstetrics, cardiovascular disorders, and urinary disorders, among others. Besides, access to easy medical reimbursements for diagnostic and therapeutic ultrasound procedures has further exemplified the adoption rate by the end-users. Further, the rising prevalence of abdominal disorders accompanying cardiovascular and respiratory diseases has brought a swift augmentation for highly non-invasive or minimally invasive therapies such as high-intensity focused ultrasound (HIFU). Such treatment has witnessed speedy adoption in a bid to ensure minimized harm to patients while making the surface of the target organ go unscarred.
Top Challenges Impacting the Therapeutic Ultrasound Market Growth
The clinical development and acceptance of ultrasound therapy in numerous applications are the latest tends shaping the growth of the Therapeutic Ultrasound Market during 2023-28.
Understanding the Core Segments in the Therapeutic Ultrasound Market
Therapeutic Ultrasound Market Size, Share & Industry Trends 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 of the Therapeutic Ultrasound Market
- North America
- South America
- Europe
- 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.
Who Dominates the Therapeutic Ultrasound Market Insights on Key Industry Players?
Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d
- 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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