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Automated Breast Ultrasound Systems Market Size is Anticipated to Grow US$ 1.6 bn by 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-30 

The Automated Breast Ultrasound Systems Market is set to exceed USD 1.6 billion by 2024; according to a new research report by Global Market Insights.

Increasing incidences of breast cancer worldwide along with rising mortality rates associated with the disease will fuel demand for automated breast ultrasound systems over the forecast period. Breast cancer accounts for 15.4% of overall cancer deaths in the developed regions. Also, the risk of breast cancer diagnosis increases with age. Such factors will augment automated breast ultrasound systems market size.

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Technological innovations in the field of oncology will further favor industry expansion. Market players operating in the developed regions are offering innovative technologies, as the conventional technology market has reached maturation. For instance, QView Medical introduced computer aided detection system for 3D automated breast ultrasound screening leading to accurate diagnosis of breast tumors.

Hospitals business dominated the automated breast ultrasound systems market in 2017 with revenue share of 61.3% and expected to follow similar trend throughout the forecast period. Increasing usage of ABUS in hospitals for screening breast tissues providing effective outcomes along with presence of skilled professionals are factors contributing towards its higher market share. Diagnostic imaging centres business will grow at a CAGR of 16.5% over the forecast timeline owing to rising adoption of ABUS for early detection of small tumours present in dense breast tissue.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
•    GE Healthcare
•    Hitachi
•    Siemens
•    SonoCiné
•    Qview Medical, Inc.
•    Seno Medical
•    Volpara Solutions
•    Delphinus Medical Technologies, Inc.
•    CapeRay
•    SuperSonic Imagine
•    Nova Medical Centers
•    Theraclion

U.S. automated breast ultrasound systems market will drive North America ABUS industry over the projection years. By 2017, the U.S. market was valued over USD 140 million. Growing incidence of breast cancer cases along with favourable regulatory scenario are major factors contributing towards regional growth. Several awareness initiatives organized by government & private societies to increase awareness levels will propel industry proliferation. For instance, establishment of National Breast and Cervical Cancer Early Detection Program (NBCCEDP) by Centers for Disease Control to improve access towards breast cancer screening and diagnosis among low-income women will spur regional market growth.

Germany automated breast ultrasound systems market is expected to witness 11.9% CAGR over the forecast period. Increasing support for raising awareness levels about breast cancer care along with presence of well-established industry players developing novel advanced volume scanners are major factors contributing towards market growth.

Automated Breast Ultrasound Systems Market by Product

1 Automated Breast Ultrasound System (ABUS)
2 Automated Breast Volume Scanner (ABVS)

Automated Breast Ultrasound Systems Market by End-use

1 Hospitals
2 Diagnostic imaging centers

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Chapter 1.  Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1.  Secondary
1.4.1.1.    Paid sources
1.4.1.2.    Unpaid sources
1.4.2.  Primary

Chapter 2.  Executive Summary

2.1. Automated breast ultrasound systems industry 3600 synopsis, 2013 - 2024
2.1.1.  Business trends
2.1.2.  Product trends
2.1.3.  End-use trends
2.1.4.  Regional trends

Chapter 3.  Automated Breast Ultrasound Systems Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces

3.3.1.  Growth drivers
3.3.1.1.    Increasing prevalence of breast cancer worldwide
3.3.1.2.    Technological innovations by industry leaders
3.3.1.3.    Limited capability of mammography in dense breasted patients
3.3.1.4.    Rising awareness regarding breast cancer and favourable government initiatives in the U.S. and Europe
3.3.1.5.    National breast screening program in Europe and APAC countries
3.3.1.6.    Increased reimbursement for breast ultrasound and digital breast tomosynthesis in the U.S.

Chapter 4.  Automated Breast Ultrasound Systems Market, By Product

4.1. Key segment trends

4.2. Automated Breast Ultrasound System (ABUS)

4.2.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.2.2.  Market estimates and forecast, by region, 2013 – 2024 (Units)

4.3. Automated Breast Volume Scanner (ABVS)

4.3.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.3.2.  Market estimates and forecast, by region, 2013 – 2024 (Units)

4.4. Others

4.4.1.  Market estimates and forecast, by region, 2013 – 2024 (USD Million)
4.4.2.  Market estimates and forecast, by region, 2013 – 2024 (Units)

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Data Tables

TABLE 1.    Automated breast ultrasound systems industry 3600 synopsis, 2013 – 2024
TABLE 2.    Global automated breast ultrasound systems market, 2013 - 2024 (USD Million)
TABLE 3.    Global automated breast ultrasound systems market, 2013 - 2024 (Units)
TABLE 4.    Global automated breast ultrasound systems market, by product, 2013 - 2024 (USD Million)
TABLE 5.    Global automated breast ultrasound systems market, by product, 2013 - 2024 (Units)
TABLE 6.    Global automated breast ultrasound systems market, by end-use, 2013 - 2024 (USD Million)
TABLE 7.    Global automated breast ultrasound systems market, by end-use, 2013 - 2024 (Units)
TABLE 8.    Global automated breast ultrasound systems market, by region, 2013 - 2024 (USD Million)
TABLE 9.    Global automated breast ultrasound systems market, by region, 2013 - 2024 (Units)
TABLE 10.   Industry impact forces

Related Report- Homecare Oxygen Concentrators Market Analysis By Product, Regional Outlook, Application Development Potential, Competitive Market Share

Know more @ https://www.marketwatch.com/press-release/homecare-oxygen-concentrators-market-growth-is-expected-to-surpass-us-17-bn-by-2024-2019-05-30

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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