Global Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Market Projected to Grow at 11.6% CAGR, Reaching $4.87 Billion by 2029

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What Will the Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Industry Market Size Be by 2025?
In recent times, the market size for MRI-guided focused ultrasound devices has significantly expanded. The market projected to escalate from the $2.80 billion mark in 2024 to approximately $3.14 billion by 2025, with a compound annual growth rate (CAGR) of 12.0%. This historical growth pattern can be linked to the rising demand for non-invasive therapies, an increase in neurological disorder cases, greater awareness towards early disease diagnosis, the expansion of clinical trials, and pro-active developments in reimbursement.

What's the Long-Term Growth Forecast for the Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Market Size Through 2029?
Expectations are that the market size for MRI-guided focused ultrasound devices will experience a speedy expansion in the upcoming years, increasing to $4.87 billion in 2029 with a CAGR of 11.6%. This projected growth can be linked to factors such as an aging global population, increased utilization in cancer care, growing investments in healthcare facilities, wider use in pain management, and enhanced governmental backing. Key trends to watch for during this forecast period encompass advancements in image accuracy, accompanying AI for treatment preparation, the miniaturization and mobility of systems, superior real-time heat tracking, and the creation of transportable and cost-efficient systems, along with augmented patient safety and non-intrusive potentials.

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What Are the Key Growth Drivers Fueling the Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Market Expansion?
The escalation in the occurrences of neurological conditions is anticipated to drive the advancement of the market for magnetic resonance imaging (MRI)-guided focused ultrasound devices. Neurological conditions are medical disorders that impact the brain, spinal cord, and nerves, resulting in a variety of symptoms such as cognitive, motor, and sensory deficits. The growing occurrences of these disorders are attributed to the aging global population, as age-related changes degrade neuronal function, diminish brain plasticity, and increase oxidative stress, fostering the onset and progression of these disorders. MRI-guided focused ultrasound devices play a crucial role in diagnosing neurological disorders by offering live imaging along with non-invasive treatment features, marking them as perfect for accurate targeting of affected brain areas. These devices enhance diagnostic precision and treatment mapping by providing in-depth visualization and concentrated therapy, thereby improving patient outcomes and clinical efficacy. For instance, the National Health Service reported a figure of 487,432 patients being diagnosed with dementia - a progressive brain disorder impacting memory, thought processing, and routine tasks - by June 30, 2024, marking an increase of 3,155 cases from May 31, 2024. Thus, the escalating prevalence of neurological disorders is speeding up the growth of the MRI-guided focused ultrasound devices market.

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What Are the Key Trends Driving Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Market Growth?
Leading corporations in the MRI-guided focused ultrasound equipment market are concentrating on creating cutting-edge products like next-generation MR-guided focused ultrasound systems. These innovations aim to elevate precision, broaden use cases, and boost patient results. The term 'next-generation' signifies advanced medical equipment that merges real-time MRI scans with high-intensity ultrasound, offering enhanced preciseness, automation, practicality, along with extended clinical usage as compared to previous systems. In January 2024, for example, Insightec Ltd., a medical tech company based in Israel, introduced their latest MR-guided focused ultrasound (MRgFUS) platform, the Exablate Prime system. Its intelligent algorithm design, automation workflow, and smooth integration with hospital systems such as PACS, allows for remote planning by physicians and technical support. Moreover, its upgraded computing architecture can handle up to 150 reports, and the system comes with a high-definition screen for superior imaging coupled with a cross transducer for exemplary performance in MR-guided procedurals. With over ten years of research and user feedback, the Exablate Prime system delivers unparalleled precision in neurosurgical usage, including treatment of essential shake and Parkinson's disease, while decreasing procedural time and enhancing functional efficiency.

How Is the Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Market Segmented?
The magnetic resonance imaging (MRI) guided and focused ultrasound devices market covered in this report is segmented as

1) By Type: Magnetic Resonance Imaging (MRI) Guided, Focused Ultrasound
2) By Treatment Type: Thermal Ablation, Non-Thermal Ablation, Drug Delivery Systems
3) By Technology: Magnetic Resonance Imaging (MRI) Guided Ultrasound, Focused Ultrasound Therapy, Ultrasound Imaging Systems, Combination Systems
4) By Application: Oncology, Neurology, Cardiology, Urology, Other Applications
5) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Research And Academic Institutes

Subsegments:
1) By Magnetic Resonance Imaging (MRI) Guided: High-Intensity Focused Ultrasound (HIFU), Low-Intensity Focused Ultrasound (LIFU)
2) By Focused Ultrasound: Therapeutic Focused Ultrasound, Diagnostic Focused Ultrasound, Neurological Applications, Urological Applications, Oncological Applications

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Which Companies Are Leading the Charge in Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Market Innovation?
Major companies operating in the magnetic resonance imaging (mri) guided and focused ultrasound devices market are Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V., Arrayus Technologies Inc., Merz Pharmaceuticals GmbH, Samsung Medison Co. Ltd., InSightec Ltd., EDAP TMS S.A., Image Guided Therapy S.A., Alpinion Medical Systems Co. Ltd., SonaCare Medical, LLC, Profound Medical Inc., Mianyang Sonic Electronic Ltd., Daxsonics Ultrasound, Verasonics, Inc., Cardiawave, Focal One, FUS Instruments Inc., Sonic Concepts Inc., and Theraclion SA.

Which Regions Are Leading the Global Magnetic Resonance Imaging (MRI) Guided And Focused Ultrasound Devices Market in Revenue?
North America was the largest region in the magnetic resonance imaging (MRI)-guided focused ultrasound devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in magnetic resonance imaging (MRI)-guided focused ultrasound devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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