Oct 17, 2019 (AmericaNewsHour) — This Global Automated Breast Ultrasound Systems market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Automated Breast Ultrasound Systems Market will exceed USD 1.9 billion by 2025. Latest advancements in the automated breast ultrasound system (ABUS) will boost the global ABUS industry growth in the forthcoming years. Innovations in ABUS are leading to better cancer screening in women with dense breast tissues. Novel mammography system based on ABUS escalates the cancer detection rate by 55% in dense-breasted women. In addition, the new Invenia 2.0 ABUS by GE Healthcare provides scanning with the help of advanced algorithms and high-frequency reverse curve transducer. Such advancements will spur the demand for automated breast ultrasound systems, thereby improving the cancer diagnosis.
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Diagnostic imaging centers segment is estimated to progress at 16.6% CAGR during the analysis period. Robust growth can be attributed to expanding diagnostic centers in developing nations. Diagnostic imaging centers in developed countries too are continuously installing latest and advanced ABUS to cater to growing customer demand. These systems aid the facilities to fortify their diagnostic capabilities, thereby increasing the customer satisfaction and preference.
Automated breast volume scanner (ABVS) market accounted for over 43.0% revenue share in 2018. High share can be attributed to detection of cancer in early stages and technological advancements in ABVS. Furthermore, combination of ABVS with mammography system and breast imaging reporting and data system (BI-RADS) aids in accurate screening. Early detection of the disease leads to better treatment plan and outcome. Thus, growing incidence of breast cancer will highly impact the demand and adoption of automated breast volume scanner over the future years.
Germany automated breast ultrasound systems market held USD 40.9 million revenue size in 2018. Increasing pervasiveness of breast cancer in the country will significantly upsurge the demand for ABUS. According to the Immunological & Oncological Center, approximately 70,000 cases of breast cancer are recorded every year in Germany. Moreover, high-quality standards for oncology care along with wide access to healthcare to the population will propel business growth in the upcoming period.
Implementation of national breast screening programs by several countries in Europe and Asia Pacific region will stimulate automated breast ultrasound system market growth. BreastCheck in Ireland provides free mammography tests to eligible women aged between 50 and 69 years of age. Such government initiatives coupled with rising awareness regarding early diagnosis of breast cancer will impel the adoption of automated breast ultrasound system in the foreseeable future.
China automated breast ultrasound systems industry is estimated to witness 17.6% CAGR over the forecast timeframe. Expanding geriatric population base, susceptible to various chronic diseases coupled with increasing risk of breast cancer will impel the market growth. Growing awareness campaigns and initiatives in the nation will further augment the business growth. For instance, the Chinese Ministry of Health and Chinese Anti-Cancer Association (CACA) are coordinating breast cancer screening programs on a large scale for 530,000 women in 30 provinces for ultrasound cancer screening. Such factors will offer lucrative opportunities to China ABUS market growth.
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Some of the key industry players involved in the global automated breast ultrasound systems market are Delphinus Medical Technologies, QView Medical, GE Healthcare, Siemens AG, Koninklijke Philips N.V., SonoCine, and Hitachi, Ltd., among others. These market players emphasize on strategic alliances and innovative product launch to strengthen their product portfolio and expand market footprint.
Table of content:
Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
18.104.22.168. Paid sources
22.214.171.124. Unpaid sources
Chapter 2. Executive Summary
2.1. Automated Breast Ultrasound Systems industry 360 degree synopsis, 2014 – 2025 (USD Million)
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, 2014 – 2025 (USD Million)
3.3. Industry impact forces
3.3.1. Growth drivers
126.96.36.199. Increasing prevalence of breast cancer worldwide
188.8.131.52. Technological innovation by industry players in developed regions
184.108.40.206. Limited capability of mammography in dense breasted patients
220.127.116.11. Rising awareness regarding breast cancer and favorable government initiatives in the U.S. & Europe
18.104.22.168. National breast screening program in Europe & APAC countries
22.214.171.124. Increased reimbursement for breast ultrasound and digital breast tomosynthesis in the U.S.
3.3.2. Industry pitfalls and challenges
126.96.36.199. High cost of ABUS devices in the U.S.
188.8.131.52. Limited awareness of ABUS in developing countries
184.108.40.206. Lack of skilled trained personnel in APAC
3.4. Epidemiology analysis of breast cancer
3.5. Evolution of breast scanning tools
3.6. Growth potential analysis
3.6.1. By product
3.6.2. By end-use
3.7. Regulatory landscape
3.8. Product landscape
3.8.1. Pipeline analysis
3.8.2. FDA approved products
3.8.3. Digital breast tomosynthesis (DBT)
3.9. Porter’s analysis
3.10. Competitive landscape, 2017
3.10.1. Strategy dashboard
3.11. PESTEL analysis
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 size, by region, 2014-2025 (USD Million)
4.2.2. Market size, by region, 2014-2025 (Units)
4.3. Automated breast volume scanners (ABVS)
4.3.1. Market size, by region, 2014-2025 (USD Million)
4.3.2. Market size, by region, 2014-2025 (Units)
4.4.1. Market size, by region, 2014-2025 (USD Million)
4.4.2. Market size, by region, 2014-2025 (Units)
Chapter 5. Automated Breast Ultrasound Systems Market, By End-use
5.1. Key segment trends
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.2.2. Market size, by region, 2014-2025 (Units)
5.3. Diagnostic imaging centers
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.3.2. Market size, by region, 2014-2025 (Units)
Global Automated Breast Ultrasound Systems (ABUS) Market Insights, Forecast to 2025
The global Automated Breast Ultrasound Systems (ABUS) market is valued at 590 million US$ in 2018 and will reach 1930 million US$ by the end of 2025, growing at a CAGR of 16.0% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Automated Breast Ultrasound Systems (ABUS) market based on company, product type, end user and key regions.
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