The Latin America, Middle East and Africa High Intensity Focused Ultrasound Market would witness market growth of 9.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA High Intensity Focused Ultrasound Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36.1 million by 2031. The Argentina market is capturing a CAGR of 10.9% during 2024-2031. Additionally, the UAE would register a CAGR of 8.6% during 2024-2031.
The expansion of insurance coverage for HIFU procedures has facilitated its adoption. As more insurance plans include HIFU, it becomes a more accessible option for patients. Endorsements from medical professionals and clinical guidelines recommending HIFU for specific conditions have bolstered its adoption. Positive recommendations from experts enhance trust in the technology and encourage its use.
There is a growing trend towards integrating HIFU with advanced imaging technologies, such as MRI and real-time ultrasound. This integration enhances treatment precision by providing detailed visualization of target tissues and allowing for more accurate energy delivery. Also, the increasing demand for non-surgical cosmetic procedures is driving the adoption of HIFU in dermatology. Due to its non-invasive nature and effective results, HIFU is becoming a preferred option for skin tightening, facial lifting, and wrinkle reduction.
According to the International Trade Administration (ITA), in the UAE’s 2022 federal budget, a total of USD 15.8 billion (AED 58.931 billion) was approved for public spending, of which 8.4% is dedicated to healthcare. Furthermore, the UAE government has designated healthcare as a priority sector in its Vision 2040, and the country will remain an appealing location for establishing a regional distribution center for healthcare services. The UAE’s investment in high-quality healthcare infrastructure can boost medical tourism, attracting international patients seeking advanced treatments like HIFU. This growth can establish the UAE as a leading destination for non-invasive treatments. Therefore, the increasing healthcare sector is driving the growth of the market.
The Brazil market dominated the LAMEA High Intensity Focused Ultrasound Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36.1 million by 2031. The Argentina market is capturing a CAGR of 10.9% during 2024-2031. Additionally, the UAE would register a CAGR of 8.6% during 2024-2031.
The expansion of insurance coverage for HIFU procedures has facilitated its adoption. As more insurance plans include HIFU, it becomes a more accessible option for patients. Endorsements from medical professionals and clinical guidelines recommending HIFU for specific conditions have bolstered its adoption. Positive recommendations from experts enhance trust in the technology and encourage its use.
There is a growing trend towards integrating HIFU with advanced imaging technologies, such as MRI and real-time ultrasound. This integration enhances treatment precision by providing detailed visualization of target tissues and allowing for more accurate energy delivery. Also, the increasing demand for non-surgical cosmetic procedures is driving the adoption of HIFU in dermatology. Due to its non-invasive nature and effective results, HIFU is becoming a preferred option for skin tightening, facial lifting, and wrinkle reduction.
According to the International Trade Administration (ITA), in the UAE’s 2022 federal budget, a total of USD 15.8 billion (AED 58.931 billion) was approved for public spending, of which 8.4% is dedicated to healthcare. Furthermore, the UAE government has designated healthcare as a priority sector in its Vision 2040, and the country will remain an appealing location for establishing a regional distribution center for healthcare services. The UAE’s investment in high-quality healthcare infrastructure can boost medical tourism, attracting international patients seeking advanced treatments like HIFU. This growth can establish the UAE as a leading destination for non-invasive treatments. Therefore, the increasing healthcare sector is driving the growth of the market.
List of Key Companies Profiled
- EDAP TMS S.A
- Sonablate Corp.
- Verasonics, Inc.
- ALPINION MEDICAL SYSTEMS Co., Ltd.
- Theraclion
- Lynton Lasers Ltd
- ULTRAISER
- PROFOUND MEDICAL CORP.
Market Report Segmentation
By End Use
- Hospital
- Imaging Centers
- Others
By Application
- Dermatology
- Uterine Fibroids
- Prostate Cancer
- Essential Tremor
- Breast Cancer
- Glaucoma
- Backpain, Facetogenic
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA High Intensity Focused Ultrasound Market by End Use
Chapter 5. LAMEA High Intensity Focused Ultrasound Market by Application
Chapter 6. LAMEA High Intensity Focused Ultrasound Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- EDAP TMS S.A
- Sonablate Corp.
- Verasonics, Inc.
- ALPINION MEDICAL SYSTEMS Co., Ltd.
- Theraclion
- Lynton Lasers Ltd
- ULTRAISER
- PROFOUND MEDICAL CORP.
Methodology
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