Automated Breast Ultrasound System Research Report, Share, and Forecast to 2025
Posted by rekha on October 30th, 2019
“The Global Automated Breast Ultrasound System Market is expected to reach US$ 1,896.8 Mn by 2025 owing to increasing prevalence of breast cancer and growth in R&D for the development of newer products”
The global automated breast ultrasound system market is expected to reach US$ 1,896.8 Mn by 2025. Automated Breast Ultrasound System (ABUS) is an inventive breast cancer screening device. This technology practices high-frequency sound waves to detect the cancers and shows the 3-D image of the breasts. It is mostly used to detect breast cancer cases where breasts have more glandular tissue than fatty tissue. According to World Health Organization (WHO), in the year 2018, 627,000 women died from breast cancer that is approximately 15% of all cancer deaths among women. The global automated breast ultrasound system market is driven by increasing frequency of breast cancers. Moreover, swelling request for radiation-free, minimally-invasive technologies and less detection time are anticipated to propel the growth of the global automated breast ultrasound system market in the forecast period. However, shortage of skilled specialists and lack of awareness about the automated breast ultrasound system are impeding the growth of the global automated breast ultrasound system market over the forecast period.
Global automated breast ultrasound system market is segmented on the basis of product type, modality, end user, and region.
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ABUSDominate the Global Automated Breast Ultrasound System Market
Based on the product type, global automated breast ultrasound system market is segmented into Automated Breast Ultrasound System (ABUS) & Automated Breast Volume Scanner (ABVS). Automated Breast Ultrasound System (ABUS) dominated the global automated breast ultrasound system market due to its 3D-imaging and high sensitivity. Moreover it can detect cancers in small, early stage in dense breast tissues.
North America Leads the Global Automated Breast Ultrasound System Market
PBI’s global automated breast ultrasound system market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global automated breast ultrasound system market through 2014-2018 and expected to dominate over 2019-2025 owing to increase in prevalence of breast cancers over there, increase in research and development for developing new products, and improved healthcare facilities. As per American Cancer Society, the United States has the highest annual incidence rates of breast cancer in the world; 128.6 per 100,000 in whites and 112.6 per 100,000 among African Americans. Increased government support to prevent the disease and to fine curative measures is also bolstering the growth of automated breast ultrasound system market in North America. Europe automated breast ultrasound system market accounted for a significant share in global automated breast ultrasound system market due to its increase in its prevalence among the European population. Breast cancer is the most common cancer in the UK (around 49,900 women men were diagnosed with the disease in 2011), and it is the third most common cause of cancer death (around 11,600 women died in 2012). Moreover, development in healthcare infrastructure, and increase in disposable income in countries such as U.K, Germany etc. are also streaming the market growth in Europe region. Asia Pacific automated breast ultrasound system market expected to grow significantly rate due to their emerging economies, increase in the prevalence of breast cancer, development of healthcare infrastructure, and technological advancements. According to the Indian Cancer Statistics, breast cancer is the most common cancer among women in India and accounts for 14% of all the cancers cases.
Launch of newer products, and planned associations are the key strategies adopted by market players
Global automated breast ultrasound system market further reveals that the key player’s increasingly adopting strategies such as launch of new products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Hitachi, Ltd. (Japan), Siemens Healthcare GmbH (Germany), SonoCine (USA), General Electric Company (USA), GE Healthcare (USA), Toshiba Medical Systems Corporation (Japan), and Koninklijke Philips N.V (Netherlands).
Precision Business Insights (PBI) in its report titled “Global Automated Breast Ultrasound System Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
By Product Type
By End User
o North America
o Asia Pacific
o Latin America
o Middle East and Africa (MEA)
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About the Authorrekha
Joined: July 26th, 2019
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