Global Automated Breast Ultrasound Systems Market Set For Rapid Growth, To Reach Around USD 1503 Million By 2024

31-Oct-2018 | Zion Market Research

Zion Market Research has published a new report titled “Automated Breast Ultrasound Systems Market by Product (Automated Breast Ultrasound System and Automated Breast Volume Scanner), by Application (Screening and Pre-operative Evaluation),and by End-User (Hospitals, Ambulatory Surgical Units, and Diagnostic Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017- 2024”. According to the report, the global automated breast ultrasound systems market was valued at approximately USD 367 million in 2017 and is expected to generate revenue of around USD 1503 million by end of 2024, growing at a CAGR of around 22.30% between 2018 and 2024.

Automated breast ultrasound system (ABUS)captures ultrasound images of the breasts through a transducer, which helps in scanning the whole breast. It also provides 3D images of dense breast tissues for cancer detection. Automated breast ultrasound inspection offers benefits including 3D images and coronal view, less turnaround time, and improved diagnostics solutions. Some automated breast ultrasound systems take only seven minutes to carry out a bilateral exam, which is half the time taken by traditional ultrasound systems. 

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Global Automated Breast Ultrasound Systems Market

This is a user-friendly system, with a touchscreen, intelligent imaging algorithms, a transducer shaped for a woman’s anatomy, and automated compression, that provides efficient reading and analysis.

The global occurrences of breast cancer and the increasing awareness among women to undergo breast cancer screening are driving the global automated breast ultrasound systems market. However, the high costs of automated breast ultrasound systems and a shortage of trained and skilled specialists and professionals for operating the tools might hinder this market's growth. Increasing incidences of breast cancer are anticipated to create numerous opportunities for automated breast ultrasound systems market in the future.

The automated breast ultrasound systems market is divided based on product, application, and end-user. Byproduct, the automated breast ultrasound systems market is categorized into an automated breast ultrasound system and automated breast volume scanner. The automated breast ultrasound system (ABUS) segment is projected to dominate in the future, due to the advantages like uniformity, high reproducibility, and high-resolution images. Thus, this segment is likely to contribute significantly toward business growth. By application, the automated breast ultrasound systems market is bifurcated into screening and pre-operative evaluation. By end-user, the automated breast ultrasound systems market is divided into hospitals, ambulatory surgical units, and diagnostic centers. 

North America, Europe, AsiaPacific, Latin America, and the Middle East and Africa are the major regional segments of the global automated breast ultrasound systems market. North America is estimated to dominate the global automated breast ultrasound systems market. Growing occurrences of breast cancer due to deskbound lifestyle, heavy workloads, and smoking habit are the key factors for this regional market’s growth. Additionally, growing acceptance and upgrades related to ultrasound systems and favorable regulatory policies are also fuelling this regional market’s growth. Europe has immense potential for automated breast ultrasound systems market, due to the increasing awareness about breast cancer and the presence of major players involved in developing the new advanced automated breast volume scanners. 

In the Asia Pacific region, ever-increasing awareness toward identifying breast cancer at the primary stage and high expenditure related to research and development activities for upgrading technologies to deliver accurate results are driving the market growth across this region. Japan, China, India shows have displayed positive growth in the market for automated breast ultrasound systems. Latin America is another important regional market and is estimated to register moderate growth in the future, due to the increasing number of hospitals and diagnostic centers, especially for treating breast cancer and growing awareness about breast cancer among the population. The Middle East and African market are anticipated to witness significant growth in the forecast span.

Some key players in the automated breast ultrasound systems market are Koninklijke Philips N.V., General Electric Company, Siemens AG, SonoCine. Inc., iVu Imaging Corporation, Hitachi Ltd., Delphinus Medical Technologies, Inc., and Hitachi, Ltd., among others.

This report segments the global automated breast ultrasound systems market as follows:

Global Automated Breast Ultrasound Systems Market: By Product

  • Automated Breast Ultrasound System
  • Automated Breast Volume Scanner

Global Automated Breast Ultrasound Systems Market: By Application

  • Screening
  • Pre-Operative Evaluation

Global Automated Breast Ultrasound Systems Market: By End-User 

  • Hospitals
  • Ambulatory Surgical Units
  • Diagnostic Centers

Global Automated Breast Ultrasound Systems Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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