U.S. Lags behind China and Europe in Ultrasound-Enabled Tumor Therapy, According to New Report from MedDevice Concepts
ANDOVER, Mass. (BusinessWire EON) May 1, 2007 --
Therapeutic ultrasound revenues exceeded $1 Billion in 2006, and will
pass $2 Billion in three years, according to a new report from MedDevice
Concepts. Future growth is expected to come from cancer, cardiovascular
disease and aesthetic treatment devices. Since its beginnings in physical therapy and wound healing, therapeutic
ultrasound is evolving rapidly. New applications include non-invasive
tumor ablation, sono-thrombolysis and aesthetic sono-contouring, all
stimulated by a confluence of technology breakthroughs and new capital
investment. Over the past decade, $350 Million of M&A transactions have
accelerated clinical acceptance and driven revenue growth. “Since 2003, $300 Million of new venture
capital has been invested in therapeutic ultrasound device startups,”
says Al Kyle, MedDevice president. “This large
flow of capital is expected to maintain industry revenue growth, making
therapeutic ultrasound one the most attractive medical device markets.” Compared with other directed-energy treatment methods such as laser,
radiofrequency, and cryotherapy, therapeutic ultrasound enjoys certain
advantages, such as improved patient safety, fewer side effects, shorter
hospital stays & recovery times, the report says. Because it is capable
of achieving a therapeutic effect using relatively low energy levels,
ultrasound is likely to be a player in future markets for targeted drug
delivery of gene preparations, conventional and aesthetic medicines. Approximately 1,000 Americans have been treated with high intensity
focused ultrasound (HIFU), compared with nearly 100,000 in the rest of
the world, including 50,000 Chinese suffering from benign and malignant
tumors, 14,000 Europeans with prostate cancer and 30,000 in 45 countries
outside the U.S undergoing non-invasive fat removal, according to the
report. Uterine fibroid therapy is the only FDA cleared condition
treated by non-invasive HIFU, causing some Americans to seek medical
care in Canadian and Latin American clinics. U.S. clinical trials are
underway for prostate and pancreatic cancer. “HIFU has already shown great promise in the
clinic, but we need to understand and improve energy delivery and
treatment monitoring for HIFU to become more widely accepted”
says Gail ter Haar, a researcher at Royal Marsden Hospital. These market developments are the focus of “Therapeutic
Ultrasound Markets," a new report from MedDevice Concepts. The report
includes estimates of industry revenues from 2001 to 2011 for all
segments, and detailed analysis for twenty-two companies in HIFU,
cardiovascular and aesthetic segments, emphasizing technology,
financing, clinical and regulatory strategies. For more information,
visit our website www.med-device.com.
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