Artificial Intelligence
High Intensity Focused Ultrasound (HIFU) Market to Surpass US$ 182.9 Million by 2030, Says Coherent Market Insights (CMI)
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Burlingame, March 09, 2023 (GLOBE NEWSWIRE) — According to Coherent Market Insights, Global High-Intensity Focused Ultrasound (HIFU) Market is estimated to be valued at US$ 112.7 million in 2023 and is expected to exhibit a CAGR of 7.16% during the forecast period (2023-2030).
Analysts’ Views on Global High Intensity Focused Ultrasound (HIFU) Market:
High- intensity focused ultrasound (HIFU) market’s growth can be driven by the rising cases of liver cancer and colorectal cancer worldwide, as HIFU therapy is used in the treatment of cancer. For instance, according to World Cancer Research Fund International there were 1,931,590 new cases for colorectal cancer and 905,677 new cases for liver cancer respectively in the year 2020, worldwide.
Key Trends and Analysis of the Global High Intensity Focused Ultrasound (HIFU) Market:
Increasing growth strategies such as facility expansion by key players in the market is expected to drive the market growth over the forecast period. For instance, in August 2021, Sonic Concepts, Inc., a company focused on designing and development of innovative therapeutic and focused ultrasound solutions, announced that its office will relocate to new facility in Bothell, Washington. This new facility will focus on manufacturing of transducers and turnkey focused ultrasound systems.
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Global High Intensity Focused Ultrasound (HIFU) Market- Drivers
Increasing number of government initiatives for the management of prostate cancer
Increasing number of government initiatives for the management of prostate cancer is expected to drive market growth over the forecast period. For instance, in July 2022, EDAP TMS SA, a global company developing robotic energy-based therapies, announced that the U.S. Centers for Medicare and Medicaid Services (CMS) have released their proposed outpatient prospective payment system (OPPS) reimbursement rule for calendar year 2023, for EDAP TMS SA’s Focal One HIFU System. This new regulation would raise the reimbursement level for hospitals performing Focal One HIFU prostate ablations on an outpatient basis from APC (Ambulatory Payment Classifications) level 5 to APC level 6 for reimbursement purposes.
Increasing prevalence of neurological disorders
Increasing prevalence of neurological disorders is expected to drive the market growth over forecast period, as HIFU therapy is used in the management of neurological disorders. For instance, in 2021, according to Pan American Health Organization, in 2019, 533,172 people died worldwide because of neurological disorders such as multiple sclerosis, and Alzheimer’s disease, among others.
High Intensity Focused Ultrasound (HIFU) Market Report Coverage
| Report Coverage | Details | |||
| Base Year: | 2022 | Market Size in 2023: | US$ 112.7 Mn | |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 | |
| Forecast Period 2023 to 2030 CAGR: | 7.16% | 2030 Value Projection: | US$ 182.9 Mn | |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: | Koninklijke Philips N.V., Sonic Concepts, Inc., Theraclion, Sonablate, Alpinion Medical Systems Co., Ltd., Shanghai Carnation Medical Technology Co., Ltd., Insightec, FUS Instruments Inc., Mianyang Sonic Electronic, Profound Medical, Merz Pharmaceuticals GmbH, Image Guided Therapy, and Promedica Bioelectronics s.r.l. | |||
| Growth Drivers: |
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| Restraints & Challenges: |
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Global High Intensity Focused Ultrasound (HIFU) Market- Restraint
Side effects associated with HIFU therapy
The high intensity focused ultrasound (HIFU) market’s growth can be hindered by the side effects associated with the use of high intensity focused ultrasound (HIFU). The most common side effects include urinary problems and erectile dysfunction. Other short term side effects associated with HIFU include:
• Blood or tissue in Urine
• Erection Problems
• Urine Infections
• Urinary Problems
• Testicle Infections
• Fatigue
Global High-Intensity Focused Ultrasound (HIFU) Market- Opportunity
Increasing number of product approvals
Increasing number of product approvals by regulatory authorities is expected to boost the market growth over forecast period. For instance, in June 2021, U.S. FDA approved Sonalleve MR-HIFU system manufactured by Profound Medical Inc., a Canada-based medical technology company, for the treatment of osteoid osteoma.
Global High Intensity Focused Ultrasound (HIFU) Market Cross Sectional Analysis:
Among imaging technology, magnetic resonance imaging- HIFU therapy segment is dominant in U.S. region due to increasing research and development activities related to magnetic resonance imaging-HIFU therapy for the treatment of various disorders. For instance, in December 2020, Children’s National Research Institute, a research institute based in Washington, U.S., initiated a study determine treatment safety and efficacy of MR-HIFU ablation of painful Osteoid Osteoma (OO) in children and young adults. The study is in phase 2 of clinical trials and is expected to get completed by June 2023.
Global High Intensity Focused Ultrasound (HIFU) Market Segmentation:
The Global High Intensity Focused Ultrasound (HIFU) Market report is segmented into Product Type, Technology, Application, End User and Region
Based on Imaging Technology, the market is segmented into Ultrasound- HIFU Therapy, Magnetic Resonance Imaging- HIFU Therapy. Out of which, Magnetic Resonance Imaging- HIFU Therapy segment is expected to dominate in the high intensity focused ultrasound (HIFU) market during the forecast period and this is due to the increase in the product approvals by regulatory authorities.
Based on Indication, (Prostate cancer, Rectal tumors, Liver tumors, Renal tumors, others), skin care (Anti-aging treatment, Skin Laxity and Tightening, Others), neurological disorders, and others (Uterine Fibroids, Benign Prostatic Hyperplasia, etc.) Out of which, oncology segment is expected to dominate in the market over the forecast period and this is a due to increase in the use of HIFU and research and development activities regarding HIFU for the treatment of various cancer types
Based on End User, the high intensity focused ultrasound (HIFU) market is segmented into Hospitals, Ambulatory Surgical Centers, Dermatology Clinics and Others. Of which, Hospitals segment is expected to dominant in the market over the forecast period and this is due to the increase use of HIFU therapy for treatment of various conditions such as Anti-aging treatment in the hospitals
Among all segmentation, End User segment has the highest potential due to increasing installation of HIFU systems in the hospitals. For instance, in October 2022, TOOsonix A/S, a company in high intensity focused ultrasound (HIFU) technology for dermatology announced the installation of company’s ONE-M HIFU system in private clinic of dermatology Hautärtzte am Mark which is based in the Germany for the skin treatments such as removal of Fine-line wrinkles, Telangiectasia (spider veins), tattoo removal among others
Global High Intensity Focused Ultrasound (HIFU) Market: Key Developments
In October 2021, Sonablate Corp., a company developing high intensity focused ultrasound (HIFU) technologies, announced the completion of combined seed investment and committed sales distribution agreement totaling over US$ 70 million with SCI, a Canadian investment company to accelerate global HIFU development.
Increasing inorganic strategies such as partnerships by the key players in the market, is expected to drive the market growth over the forecast period. For instance, in September 2022, Theraclion, a France- based medical device company, announced partnership with Victor Dupouy Hospital Centre in Argenteuil for echo therapy for varicose veins. The hospital center has invested in the SONOVEIN, for the non-invasive treatment of varicose veins. SONOVEIN is based on HIFU technology which is used to treat varicose veins.
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Key Market Takeaways:
The global high intensity focused ultrasound (HIFU) market is expected to exhibit a CAGR of 7.16% during the forecast period, due to increasing government initiatives for the HIFU Procedure. For instance, in November 2022, Sonablate Corp., a company developing invasive focused ultrasound technologies, announced a significant increase in the Sonablate HIFU procedure reimbursement rate for hospital outpatient facilities for the Centers for Medicare & Medicaid Services (CMS)
Among indication, oncology segment is dominant due to increasing research and development activities by the research organizations for treatment of cancer, is expected to drive the segment growth over the forecast period. For instance, Hospices Civils de Lyon, a Hospital in France, initiated a study for efficacy evaluation of focused HIFU (High Intensity Focused Ultrasound) therapy in patients with localized intermediate risk prostate cancer. The study is in phase 2 of clinical trials and is expected to complete in September 2025.
On the basis of imaging technology, Magnetic Resonance Imaging- HIFU Therapy segment is expected to hold a dominant position over the forecast period, owing to increasing adoption of organic growth strategies such as product launches by key players in the market to expand their product portfolio. In June 2022, Promaxo, a medical imaging, robotics, and AI (Artificial Intelligence) technology company, announced sale of its in-office MRI system to the East Valley Urology Center based in Mesa, Scottsdale, and Phoenix, Arizona, metropolitan. Promaxo’s MRI has AI-based imaging system and has U.S. FDA-approval for in-office use.
Competitive Landscape:
Key players operating in the Global High Intensity Focused Ultrasound (HIFU) Market include Koninklijke Philips N.V., Sonic Concepts, Inc., Theraclion, Sonablate, Alpinion Medical Systems Co., Ltd., Shanghai Carnation Medical Technology Co., Ltd., Insightec, FUS Instruments Inc., Mianyang Sonic Electronic, Profound Medical, Merz Pharmaceuticals GmbH, Image Guided Therapy, Promedica Bioelectronics s.r.l.
Market Segmentation:
- Global High Intensity Focused Ultrasound (HIFU) Market, By Imaging Technology:
- Ultrasound- HIFU Therapy
- Magnetic Resonance Imaging- HIFU Therapy
- Global High Intensity Focused Ultrasound (HIFU) Market, By Indication:
- Oncology
- Prostate cancer
- Rectal tumors
- Liver tumors
- Renal tumors
- Others (Breast Cancer, Vaginal Cancer, etc.)
- Skin Care
- Anti-aging treatment
- Skin Laxity and Tightening
- Others (Jawline Enhancement, Eyelids or Eyebrows lifting, etc.)
- Neurological Disorders
- Others (Uterine Fibroids, Benign Prostatic Hyperplasia, etc.)
- Oncology
- Global High Intensity Focused Ultrasound (HIFU) Market, By End User:
- Hospitals
- Ambulatory Surgical Centers
- Dermatology Clinics
- Others (Research Institutes, specialty Centers, etc.)
- Global High Intensity Focused Ultrasound (HIFU) Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Middle East
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
- North America
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
TAIPEI, May 28, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, CTOne, a global cybersecurity leader in communication technology, and Vertex, a professional system integrator of 5G private network, join forces for groundbreaking POC targeted to advance 5G private network security within semiconductor manufacturing site framework. Designed to address the specific cybersecurity challenges common in OT networks, collaborative solution offers unparalleled protection, and seamless integration into existing network architectures with minimal disruption to operations during deployment.
Improved Network Security
NEXCOM’s 1U Edge server, the TCA 5170, delivers scalable performance and advanced cybersecurity features, empowering manufacturers with robust OT network protection. Leveraging cutting-edge technologies, the TCA 5170 accelerate encryption and decryption processes, ensures authentication and real-time threat detection, safeguarding private networks against evolving cyber threats. Its scalability makes it ideal for deployments of all sizes, from smaller production lines to semiconductor giants, providing comprehensive security solutions for diverse industrial needs.
More Visibility, Easier Management
The integrated solution simplifies the management of complex OT networks, enabling IT teams to efficiently monitor and manage network security while optimizing resource utilization. CTOne’s virtualized private 5G security software, installed on TCA 5170 and deployed at strategic points at the semiconductor manufacturing site, integrates seamlessly across IT and CT networks to deliver full visibility with real-time monitoring of data traffic. Combined with CTOne’s built-in 5G protection capabilities, the solution enable immediate interception and isolation of threats while supporting a Zero Trust strategy.
“This collaboration has been pivotal in delivering a comprehensive cybersecurity solution for semiconductor manufacturing sites,” said Ming-Yang, Yi, senior manager of AMEA business development group of CTOne. “By integrating our advanced 5G visibility and security capabilities with NEXCOM’s TCA 5170, we’ve created a robust solution that enhances data protection and optimizes operational efficiency of private 5G networks.”
“Working alongside NEXCOM and CTOne has allowed us to deliver a truly comprehensive cybersecurity solution for private 5G network,” said Willis Fu, Technical Director at Vertex. “Bringing together NEXCOM’s TCA 5170 and CTOne’s Mobile Network Security solution ensures seamless protection of the private 5G network, providing our end customer with peace of mind and confidence in their operations.”
“The TCA 5170 is a compact 1U server that offers different configurations and scalable performance, allowing our ecosystem partners to easily adapt and run their applications for deployments of all scales,” said Jennifer Lan, Sales & Marketing Director of Network & Communication Solutions at NEXCOM. “Our successful collaboration with CTOne and Vertex underscores our commitment to providing top-tier security and operational efficiency for our clients.”
Read full Case Study: Security-Solution-to-Protect-Private-Networks-at-Semiconductor-Facilities.pdf (nexcom.com)
This joint solution can be experienced firsthand at upcoming exhibitions:
May 29 – May 31, 2024, CommunicAsia 2024, Singapore, Singapore EXPO, Hall 4, booth 4E3-14June 26 – June 28, 2024, COMNEXT, Japan, Tokyo, Tokyo Big Sight, South Hall, Booth 9-14About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
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Artificial Intelligence
FSP Group to Showcase Edge AI, Network Communication and USB PD Power Solutions at Computex 2024
TAIPEI, May 28, 2024 /PRNewswire/ — FSP Group, a global leader in power supply solutions, is set to unveil its latest innovations at Computex 2024. The focus of this year’s showcase will be on cutting-edge Edge AI, Network Communication and USB PD power solutions.
Revolutionary Efficiency in Edge AI Solutions.
FSP demonstrates its next-generation power supply solutions tailored for edge AI computing applications. These solutions meet the demanding power requirements of AI inference engines, neural networks, and edge devices.
FSP’s FSP3250-20HM series product designs achieve extremely high 80PLUS Titanium energy efficiency levels, which means at least 96% at typical load. With advanced power management features, FSP’s solutions enable efficient processing, reduced energy consumption, and improved performance in edge AI computing environments.
Comprehensive Network Communication Solutions
FSP Group provides comprehensive power solutions for the network communication industry, including redundant power supplies, open frame, and external power supplies. These solutions offer high reliability, high efficiency, and strong anti-interference capabilities to support various compatibility applications in networking and communication systems. Applications include edge AI servers, IT servers, storage servers, AIoT servers, embedded servers, network switches, routers, PoE switches, and various types of firewall security servers.
The highlight product is the YNEH2000AM-2D00T10, which is certified with the 80 PLUS Titanium certification and PMBus 1.2. The series includes models with 2000W and 2400W output, and offers options for AC/DC & DC/DC, as well as AFI & AFO solutions.
Versatile and Customizable USB PD Solutions
FSP Group’s innovative USB PD solutions cater to a wide range of applications with power ratings from 45W to 240W. We offer flexible design and customization options to meet the specific needs of our customers. The highlight product is the FSP065-D2UB1, which can be used with smartphones, Chromebooks, laptops, digital cameras, monitors, and TVs. When not connected to power, it functions as a Type-C to HDMI video converter. When powered, it can simultaneously charge the laptop and transfer video to the HDMI port, showcasing its multifunctional capabilities.
FSP Group collaborates closely with industry partners, including edge AI and network communication hardware manufacturers, as well as system integrators, to develop power supply solutions that seamlessly integrate with relevant platforms. The showcase will highlight successful case studies and real-world applications where FSP’s power supplies have made a significant impact.
Visit FSP Group at Computex 2024:
Taipei Nangang Exhibition Center, Hall 1 (TaiNEX 1)
Booth: 4F, L1209a
or visit https://www.fsp-group.com
For more product information, please visit:
FSP Group’s official website at: www.fsp-group.com
FSP Group Brand Product website at: www.FSPLifestyle.com
Facebook: www.facebook.com/FSP.global
LinkedIn: www.linkedin.com/company/fsp-technology-inc.
About FSP
Founded in 1993, the FSP is among the major well-known power supply manufacturers in the world. With a professional technical team made up of more than 400 professionals, strong production capabilities, and complete production lines, the Company offers solutions to cater to users with different power supply needs. With more than 600 models that have received 80PLUS certificates, the FSP has become the manufacturer in the world with the highest number of 80PLUS certificates. By the continuous provision of best environmentally-friendly and high-quality power products to consumers, the users may contribute to the protection of the Earth’s environment while enjoying the technology.
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Artificial Intelligence
Wondershare DemoCreator Unveils V8.0: Accelerating Video Creation and Editing with Innovative AI Features
VANCOUVER, BC, May 28, 2024 /PRNewswire/ — Wondershare DemoCreator, the leading software for screen recording and video editing, proudly announces the release of its latest version DemoCreator 8.0. DemoCreator 8.0 supercharges the broad spectrum of educational and instructional video content, empowered by its updated AI enhancements. These advancements position DemoCreator 8.0 as a top player and pioneering video tool for educators, marketers, and influencers.
The PR Director at Wondershare, Iris L. stated, “DemoCreator has always been dedicated to simplifying video creation process, with version 8.0, we’ve introduced advanced AI technologies to enhance user experience and productivity. We believe that with our continuous effort, DemoCreator will remain the top choice for creators, helping them achieve greater success in sharing content.”
Key Upgrades in DemoCreator 8.0:
New Design: Upgraded UI and Magic Tools for enhanced efficiency.
New Template: Create captivating videos with refined templates in a few clicks.
Auto Subtitles: Generate accurate subtitles with trendy animations in over 90 languages.
Text to Speech: Convert text to human-like speech with 120+ voice options.
AI Voice Changer: Change voices into 24 different characters.
AI Object Remover: Remove unwanted elements from videos and images with one click.
AI Vocal Remover: Separate background sounds and vocals for noise reduction.
AI Beauty Filter: Six pre-set beauty effects with customization options.
Brand Kits: Create a unique brand kit with a customizable intro, outro, and logo.
Technological Upgrades: 50% faster video rendering and 200% faster export speeds.
Compatibility:
Wondershare DemoCreator is compatible with Windows and soon with Mac, with pricing starting at $29.99. For free trials and downloads, please visit DemoCreator’s website or follow us on YouTube, Facebook, Twitter, and Instagram to stay updated.
About Wondershare:
Wondershare is globally recognized as a software company committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and mind mapping, and more. Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life.
Media Contacts
Iris [email protected]
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