Overview

MRI Guided and Focused Ultrasound Devices Market Introduction

Magnetic resonance-guided ultrasound is a combination of ultrasound and focused magnetic resonance imaging that offers non-invasive treatment. The ultrasound beam targets sites and penetrates through the soft tissue. MRI is utilized for monitoring guidance. The ultrasound beams result in a rise in temperature which results in the premature death of the tissue. It makes sure the neighbouring structure is not harmed by the beam.

MRI Guided and Focused Ultrasound Devices Market Overview
The rise prevalence of cancer globally is driving the growth of the market. The risers in a number of surgeries performed by MRI guided focused ultrasound devices is demonstrating that the technology is likely to see further development in the coming years.

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. The key factors behind the growth are cost-efficient and enhanced efficiency.

On the basis of indication, the market into liver cancer, glaucoma, bone metastases, breast cancer, and brain. Uterine fibroid is one of the most common disorders of uterus. MRI-guided focused ultrasound surgery remains the best option for the treatment of uterine fibroids. It's predicted to fuel the growth of the market in the coming years. Breast cancer indication and treatments are expected to grow quickly during the forecast period.

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 and availability of MRI-guided focused ultrasound surgery devices. They are expected to dominate the market during the forecast period.

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. 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 Corporationresonance-guided and Mindray Medical International Ltd.

MRI Guided and Focused Ultrasound Devices Market

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

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