Automated Breast Ultrasound Systems Market to Soar at a CAGR +16% to 2024: Top Key Player GE Healthcare, Siemens AG, Hitachi, Ltd., QView Medical

The rising occurrences of breast cancer among women coupled with the performance of advanced preventive measures has fueled the global automated breast ultrasound systems market in the last few years. Based on data released by breastcancer.org, besides lung cancer, women in the U.S. are highly susceptible to death by breast cancer rather than other types of cancers.

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Although death rates have decreased since 1989, around 40,920 women in the United States are estimated to lose their lives because of breast cancer in 2018. Additionally, around 266,120 new occurrences of invasive breast cancer and 63,960 occurrences of non-invasive breast cancer are expected to be diagnosed. Moreover, as of January 2018, the country hosts over 3.1 million women with a history of breast cancer. Consequently, the high risk of breast cancer will prompt more women to seek early detection, thereby driving the global automated breast ultrasound systems market.

U.S. automated breast ultrasound systems market was valued over USD 140 million in 2017. Supportive government campaigns to increase awareness levels along with rising investment in research for breast cancer in the country are prominent factors for business growth.

Limited capacity of mammography to detect tumor in dense breast which is a high-risk factor for breast cancer spurs demand for automated breast ultrasound systems. Moreover, presence of national breast screening programs in developed regions will further favor industry expansion.

Limited awareness of automated breast imaging modalities in developing countries along with high prices of automated breast ultrasound systems will hinder market growth over the forecast timeline. Automated breast ultrasound systems business segment dominated the industry owing to its ability to detect small tumors in dense breast tissues of women. Also, ABUS enables to increase screening sensitivity over the conventional imaging modalities thereby stimulating industry.

Hospitals will generate higher revenue share in 2017 due to high adoption of such advanced systems. Diagnostic imaging centers business is poised to be the fastest growing segment owing to the need for novel biomedical imaging procedures to increase the accuracy with which disease can be detected. Such factors will drive the use of ABUS in diagnostic imaging centers.

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UK ABUS market is projected to grow at a rapid pace due to growing incidence of breast cancer cases along with launch of awareness campaigns in the country. As per Cancer Research Group (UK), more than 54,800 new cases were diagnosed with breast cancer in 2014 accounting for 31% of all cancer cases in the country leading to fuel demand for advanced breast screening systems in the coming years.

Increasing incidences of breast cancer in emerging countries such as India & China owing to presence of large geriatric patient pool, adoption of sedentary lifestyle, alcohol consumption, smoking habits and late pregnancy will stimulate demand for automated breast ultrasound systems in the coming years. Market players are capitalizing on research focusing on development of advanced systems to grab market share in the emerging countries.

Few notable industry players are GE Healthcare, QView Medical, Koninklijke Philips N.V., Siemens AG, SonoCine, Hitachi, Ltd. and Delphinus Medical Technologies. Major industry players emphasize on mergers, acquisitions and innovative product launch to expand their existing product portfolio for treatment of breast cancer.

Table of Content:

Chapter 1. Automated Breast Ultrasound Systems Market Methodology and Scope

Chapter 2. Automated Breast Ultrasound Systems Market Executive Summary

Chapter 3. Automated Breast Ultrasound Systems Industry Insights

Chapter 4. Automated Breast Ultrasound Systems Market, By Product

Chapter 5. Automated Breast Ultrasound Systems Market, By End-use

Chapter 6. Automated Breast Ultrasound Systems Market, By Region

Chapter 7. Automated Breast Ultrasound Systems Market Company Profiles

Outer scope of this report another factor worth mentioning is the rising implementation of advanced methods to detect and prevent breast cancer. For instance, from 2011 to 2013 the Health Management Center and Department of Ultrasonography examined the diagnostic value of automated breast volume scanning (ABVS) compared to traditional breast ultrasound systems. This study revealed that out of the 200 women who underwent both the advanced and conventional method, 273 lesions were detected through ABVS while conventional ultrasound only detected 194 lesions. The study concluded that ABVS may serve as a more adjunct and effective screening tool. The benefits associated with advanced screening systems will drive growth of global automated breast ultrasound systems market.

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