Automated Breast Ultrasound Systems Market is Moving Fast! | Major Key Companies are GE Healthcare, Koninklijke Philips, Hitachi, Siemens, SonoCine, Theraclion, CapeRay Medical, Delphinus Medical Technologies, QView Medical

According to a forecast, automated breast ultrasound systems market size will witness an appreciable gain by 2024 worldwide. Regional trends are touted to remain pronounced, with stakeholders gearing to gain a competitive edge.

Increased cases of breast cancer in the U.S., Canada and China will foster automated breast ultrasound systems market revenue. The government of Canada projected 27,400 women to be diagnosed with breast cancer in 2020. Technological advancements, especially automation, will streamline breast ultrasound systems.

The trend for state-of-the-art technological products will remain instrumental as 3D breast images gain prominence globally. These advanced products will potentially minimize the turnaround time with improved sensitivity.

Automated breast ultrasound systems demand in Europe

Industry participants are likely to exhibit traction for automated breast ultrasound systems in the wake of a higher detection rate of breast cancer as compared to mammography systems. Besides, a large field of view of breasts and reduced time for producing breast images will augur well for the industry outlook. The market size from the automated breast ultrasound system segment in Europe was pegged at around USD 51.1 million in 2017 and will expand at a notable rate up to 2024.

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Considering an unprecedented rise in the number of breast cancer cases in the U.K. and France, automated breast volume scanners have gained immense traction across the region. The product provides results within 10 minutes, helping boost the consumer base. The market share from the ABVS segment in Europe was pegged at around 58.6% in 2017 and will witness a surge by 2024.

France to witness investments increase in medical sector

Stakeholders will potentially expand their penetration in France following the upsurge in breast cancer across the region. Moreover, a dynamic government approach to boost breast cancer screening will augur well for the industry outlook. To illustrate, a free national screening program is organized for women aged 50 to 74 years old. The automated breast ultrasound market in France is projected to expand at a double-digit CAGR of 12.9% through 2024.

The Germany market is likely to provide a favorable investment environment as governments and other stakeholders have upped investments in the ultrasound systems. Notably, sound healthcare facilities and free breast cancer services across the country have encouraged industry players to expand their footfall across the region. Germany automated breast ultrasound systems market will observe a healthy CAGR of around 12.2% through 2024.

Robust presence of diagnostic imaging centers in North America

The U.S., Canada and Mexico are set to exhibit traction for automated breast ultrasound systems in diagnostic imaging centers. Besides, the wide availability of diagnostic imaging centers across the U.S. will augur well for the business outlook. Specifically, PINK Breast Cancer apparently completed more than 100,000 examinations and adopted advanced digital equipment. Automated breast ultrasound system market value from the diagnostic imaging centers segment in North America logged around USD 66 million in 2017 and will thrive in the next few years.

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More hospitals are likely to seek ABUS as governments continue to up investments and layout robust healthcare policies in the U.S. Presence of skilled manpower, along with technologically advanced products, has made hospitals a major hub for automated breast ultrasound systems. The market share from hospitals segment in North America will expand at a staggering CAGR of around 16.5% through 2024.

Stakeholders to expand penetration in the U.S. market

With breast cancer being the second most prevalent form of cancer in women in the U.S., industry participants are slated to further their footholds in the region. The government has implemented favorable initiatives to enhance the effective screening and diagnosis of breast cancer. Some of the major drivers such as the presence of reimbursement codes and technological advancements have enthused confidence among stakeholders. The U.S. automated breast ultrasound systems market revenue size was pegged at USD 140.5 million in 2017 and will grow at a considerable rate by 2024.

Considering the rise in breast cancer cases in Canada, leading companies will continue to pour funds into the industry. Government initiatives such as Canadian Breast Cancer Initiative are expected to boost the regional presence. The Canada market will expand at a bullish CAGR of 26% through 2024.

Automated breast volume scanner demand in Asia Pacific

The market uptake of sophisticated products such as ABVS will be pronounced in India, Australia and China. Use of 3D workstations, touchscreen and flexible arm technologies will remain prominent, enabling physicians to modify settings as per the breast size.

Leading companies are likely to further their investments in diagnostic imaging centers. Various diagnostic centers are profoundly being equipped with ABVS and ABUS technologies for the early detection of breast cancer. The market share from the diagnostic imaging centers segment in APAC is forecast to expand at a strong CAGR of 18% through 2024.

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China to be a prominent area for ABUS deployment

With an upsurge in breast cancer cases in China, a soaring number of women with dense breast tissues have shown an inclination for ABUS. The government of China, for instance, has launched a program to boost ultrasound screening for breast cancer detection. China automated breast ultrasound systems market is forecast to grow at an impressive CAGR of 17.8% through 2024.

Japan will remain a prominent market as advanced technologies and robust government initiatives bolster breast screening services. For instance, the Japanese government rolled out Japan Strategic Anti-Cancer Randomized Trial (J-START) to enhance cancer screening’s accuracy. Japan automated breast ultrasound systems market is forecast to grow at a notable CAGR of 18.3% through 2024.

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