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High Intensity Focused Ultrasound Market- What will be the Short-term Impact of Coronavirus?
High Intensity Focused Ultrasound Market
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Leading Players operating in the High Intensity Focused Ultrasound Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
o GENERAL ELECTRIC COMPANY
o Koninklijke Philips N.V.
o Hitachi, Ltd.
o Ultrasound Technologies Ltd.
o Johnson & Johnson Services, Inc.
o SonaCare Medical
o EpiSonica Corporation
o Profound Medical Corp.
o EDAP TMS
o ALPINION MEDICAL SYSTEMS Co., Ltd.
o Chongqing Haifu Medical Technology Co., Ltd
Launch of Cost Efficient Ultrasound Procedures to Propel Growth
The increasing prevalence of diseases such as cardiovascular diseases, glaucoma, cancer, and neurological disorders is a key factor driving the global high intensity focused ultrasound market. In addition to this, the fact that high intensity focused ultrasound procedure provides added benefits such as low risk of impotence, minimum side effects, minimal invasion surgery, and lesser time taken for procedure, along with faster recovery is also enabling the market exhibit impressive growth.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/high-intensity-focused-ultrasound-market-100723
High intensity focused ultrasound is used for various medical purposes such as neurosurgery, gynecology, obstetrics, and removing excess dermal fatty tissue, and others. This is also considered as an important factor boosting the global market. In addition to this, the fact that this procedure is painless and cost effective along with minimally invasive as compared to the others is further anticipated to drive the market in the forecast duration.
Rise in Disposable Income to Help Market in Asia Pacific Emerge as Fastest Growing Region
Geographically, the global high intensity focused ultrasound market is dominated by North America because of the increasing incidence of various cancer types such as breast cancer, prostate cancer, and lung cancer, among others. In 2017, the American Cancer Society stated that the U.S. witnessed an estimated 40.610 deaths due to breast cancer. The sedentary lifestyle and unhealthy food habits of people have resulted in various health related problems and disorders including cancer. Thus, the need for proper cancer therapeutics is more in the region as compared to the others, which ultimately helps to generate higher revenues in the region. Additionally, reimbursement policies provided by governments in the developed nations such as the U.S. and Canada are also helping the market generate huge revenues.
On the other side, the market for high intensity focused ultrasound is anticipated to witness faster growth in Asia Pacific on account of the developing healthcare infrastructure and improving access to healthcare facilities in the emerging economies of India, and China. The rise in disposable incomes of people have also propelled them to opt for better therapeutic options and this, is further expected to boost the market in the region.
Reasons to Purchase this Report:
o Comprehensive analysis of the High Intensity Focused Ultrasound Market growth drivers, obstacles, opportunities, and other related challenges.
o Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
o Identifies market restraints and boosters.
o Identifies all the possible segments present in the market to aid organizations in strategic business planning.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this High Intensity Focused Ultrasound Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/high-intensity-focused-ultrasound-market-100723
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