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Global MRI Guided Focused Ultrasound Devices Market to Undergo Rapid Advancements During the COVID-19 Period – Lake Shore Gazette

Global MRI Guided Focused Ultrasound Devices Market to Undergo Rapid Advancements During the COVID-19 Period

The Europe MRI Guided & Focused Ultrasound Devices market is expected to expand at a CAGR of close to 8%, and is expected to remain as a main sink market for revenues. China is expected to remain as the main source market for MRI Guided & Focused Ultrasound Devices, as most of the MRI Guided & Focused Ultrasound Devices facilities are located in this region.

mri guided focused ultrasound devices market

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However, with the increasing demand and cost-effective diagnostic options in countries such as China and India, and various countries of Asia Pacific and Middle-East, is fueling the growth of MRI Guided & Focused Ultrasound Devices market.

The report finds that the number of commercial treatment sites have increased considerably over the last four years. In 2014, there were approximately 394 treatment sites which commercially offered therapies for the indications approve in their respective regions.

As of 2017, there are approximately 582 treatment sites offering therapies for 31 indications. The number of Funding & Programs have increased over the last decade.

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Strategic Partnerships have usually involved well established medical device market manufacturers and MRI guided & focused ultrasound devices manufacturers. As MRI guided & focused ultrasound devices manufacturers are majorly focused on product development and research, strategic partnerships with key medical device manufacturers providing the MRI guided & Focused Ultrasound devices manufactures with greater resources at their disposal for product marketing and product penetration.

For MRI Guided & Focused Ultrasound Devices, Uterine Fibrosis is the most common indication offered by various manufacturers. Prostate cancer and breast cancer treatment are rapidly growing and gaining acceptance widely in the end users of MRI guided & Focused Ultrasound devices. Breast Cancer indication type is anticipated to be the fast growing indication for MRI Guided & Focused Ultrasound Devices.

Hospitals, Oncological treatment centers, and academic & research centers using MRI guided & Focused Ultrasound devices are the primary point of contact for patients experiencing prostate diseases, liver cancer, uterine fibrosis, brain anomalies, and others. Hospitals sub-segment under the end users segment for MRI Guided & Focused Ultrasound Devices market, accounted for over 45% revenue share in the overall MRI Guided & Focused Ultrasound Devices market in 2017.

Growing demand for cost-effective diagnostic options success in clinical studies for developing a rapid MRI Guided & Focused Ultrasound Devices is expected to fuel the growth of the global MRI Guided & Focused Ultrasound Devices market over the forecast period.

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Activities across the MRI Guided & Focused Ultrasound Devices manufacturers are restricted to knowledge sharing and product development. The top activity associated with MRI Guided & Focused Ultrasound Devices manufacturers is joint collaboration with various organizations in order to spread awareness, further development, and promote the efficiency of MRI Guided & Focused Ultrasound Devices.

Rising focus on cost-effective diagnosis using MRI Guided & Focused Ultrasound Devices is expected to boost the growth of the MRI Guided & Focused Ultrasound Devices market. MRI Guided & Focused Ultrasound Devices manufacturing companies focusing on spreading awareness about MRI Guided & Focused Ultrasound Devices and marketing MRI Guided & Focused Ultrasound Devices through campaigns and joint research studies is expected fuel the growth of the MRI Guided & Focused Ultrasound Devices market during the forecast period.

However, MRI guided & focused ultrasound devices could experience stiff competition from alternative procedures and modalities that are well established and adopted by healthcare providers.

In addition, artery embolization, myolysis, laparoscopic myomectomy, hysteroscopic mycomectomy, and endomaterila ablation adopted by healthcare providers over MRI guided & focused ultrasound devices and would pose challenges to the growth of the MRI Guided & Focused Ultrasound Devices market.

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Company Profiles

  • Profound Medical
  • Insightech
  • EpiSonica
  • Kona Medical
  • Mirabilis Medical
  • SonaCare Medical
  • EDAPTMS
  • Theraclion
  • Alpinion Medical Systems
  • Beijing Yuande Bio-Medical Engineering
  • Wuxi Haiying Medical
  • Chongquing HIFU Medical Tech. Co. Ltd.
  • Shangai A&S Co. Ltd.

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