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MRI Guided and Focused Ultrasound Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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Global MRI guided and focused ultrasound devices are non-invasive therapy delivery system used for thermal ablation surgery. It offers real-time monitoring, treatment planning for targeted tissue ablation and doesn't damage the neighbouring healthy
MRI Guided and Focused Ultrasound Devices Market Global Trends, Market Share,
Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029
Global MRI guided and focused ultrasound devices are non-invasive therapy delivery
system used for thermal ablation surgery. It offers real-time monitoring, treatment
planning for targeted tissue ablation and doesn't damage the neighbouring healthy
tissue.
MRI guided and focused ultrasound devices are bifurcated on the basis of product
type and indications. On the basis of product type, the market is divided into
magnetic resonance guided, ultrasound guided and magnetic resonance &
ultrasound guided.
Magnetic resonance & ultrasound guided is expected to dominate the market in the
coming years. Its cost effective feature is the major factor behind its growth.
On the basis of indication, the market is bifurcated into liver cancer, glaucoma, bone
metastases, breast cancer and brain. Uterine fibrosis is vastly used by various
manufacturers. It's forecasted to fuel the growth of the market in the coming years.
Breast cancer indication is expected to grow promptly during the forecast period.
The rising demand for non-invasive method is expected to drive the growth of the
market. It offers various advantages like alternative therapy after radiotherapy and
possibility of retreatment.
The end users of the industry are academic & research institutes and hospitals.
Hospitals hold the majority share of the market owing to the easy availability of
facilities. They are expected to dominate the market in the forecast period.
According to the World Health Organization (WHO), Breast cancer is the most
frequent cancer among women, impacting 2.1 million women each year. The rising
number of breast and liver cancer cases has led to more demand for MRI guided and
focused ultrasound devices which had a positive influence on the growth of the
market. The rising demand for the non-invasive method is expected to drive the
growth of the market. It offers various advantages like alternative therapy after
radiotherapy and possibility of retreatment. The non-invasive method takes less time
for recovery as well. Such factors are expected to boost the growth of the market.
Alternate procedures which are well established are expected to limit the growth of
the market.
Region-wise, North America holds the majority share of the market. High product
approval and increase in usage of non-invasive methods remain the key factors
behind the growth of the market in the region. In the US, the FDA accepted in 2016
accepted the first MRI-guided focused ultrasound named ExAblate Neuro to
diagnose essential tremor. Europe is expected to dominate the market in the coming
years. A gradual rise in the availability of the device is expected to stimulate the
growth of the market in the region.
Major players of the market are Toshiba Corporation, Siemens AG, FUJIFILM
Holdings Corporation, Hitachi Ltd, Analogic Corporation and Mindray Medical
International Ltd.
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Global MRI Guided and Focused Ultrasound Devices Market Segmentation:
By Product
• Magnetic Resonance Guided
• Ultrasound
• Magnetic Resonance & Ultrasound Guided
By Indications
• Uterine Fibroids
• Prostate Diseases
• Liver Cancer
• Glaucoma
• Bone metastases
• Breast Cancer
• Brain
By End User
• Academic & Research Institutes
• Hospitals
By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on global MRI guided and focused
ultrasound devices market based on product type, indications, end users and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
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Contact Person: Vinay Thaploo
Email: [email protected]
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Author
Merin John
Merin John263   documents Email
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