Fact.MR – A Market Research and Competitive Intelligence Provider: The global automated breast ultrasound system market is projected to exhibit growth at 9.3% CAGR in the forecast period from 2018 to 2027.
Automated Breast Ultrasound System Sales to Increase as 3D Imaging Technique Gains Traction
In its latest study, Fact.MR highlights the technology and consumer trends of the global automated breast ultrasound system market across the leading segments, such as care type and region. In addition, it includes the recent industry dynamics and data-driven insights of growth opportunities, restraints, drivers, and trends.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global automated breast ultrasound system market is projected to exhibit growth at 9.3% CAGR in the forecast period from 2018 to 2027. Increasing prevalence of breast cancer is anticipated to drive the market over the forthcoming years.
According to the World Health Organization (WHO), in the past five years, approximately 7.8 million women were diagnosed with breast cancer, whereas in 2020, about 685,000 deaths occurred because of breast cancer across the globe.
As per Fact.MR, emergence of 3D imaging technology is expected to be more beneficial for women with dense breast tissues. 3D images would enable radiologists to look at breast cancers from various angles and provide an accurate interpretation.
The National Center for Biotechnology Information (NCBI) states that the dedicated breast CT is set to gain recognition for its value in diagnostic 3D imaging. It combines the ease of contrast administration with real 3D imaging.
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In addition, the lack of manipulation and painful compression of the breasts is set to make this technology more popular in the near future. Based on the aforementioned factors, the market is projected to surpass US$ 345 Mn by the end of 2027.
“Increasing studies striving to explore the efficacy of 3D automated breast ultrasound systems when integrated into the full-field digital screening mammography is projected to bolster the market in the upcoming years,” says a Fact.MR analyst.
Key Takeaways:
- Based on care type, the hospitals segment is expected to hold the lion’s share owing to the availability of skilled professionals and faster accessibility to modern tools.
- Diagnostic centers segment is set to remain in the second position in terms of share as these centers are capable of providing accurate estimations of the patients’ prognosis.
- The U.S. is likely to account for the largest share because of the government norms making it mandatory for women above 40 years to start receiving mammograms.
- The U.K. is projected to remain in the second position on the back of the rising government initiatives to reduce the high mortality rate occurring due to breast cancer.
- India is set to procure the third-largest revenue share in the near future on account of the surging cases of breast cancer in the country.
Growth Drivers:
- Rapid development of novel ultrasound systems that can utilize high-frequency sound waves to generate 3D volumetric images for physicians is set to propel the growth.
- Reduced dependency on operators owing to the ability of transducers to scan the breast automatically is expected to fuel the growth in this market.
Restraints:
- High exposure to radiation and the scarcity of expertise in the field are anticipated to limit the growth in this market.
- Increasing usage of mammograms for the screening of breast lesions in many emerging economies may hamper the growth in this market.
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Competitive Landscape
Key players operating in the automated breast ultrasound system market are mainly focusing on acquisitions, partnerships, and mergers to co-develop novel products to gain a competitive edge.
Meanwhile, some of the other players are aiming to conduct research & development activities to introduce technologically advanced products.
For instance,
- November 2021: QView Medical, a pioneer in breast cancer detection based in the U.S., joined hands with GE Healthcare, a renowned provider of innovative medical technology. This partnership would enable the former to launch its QVCAD software on the latter’s Invenia ABUS 2.0 (Automated Breast Ultrasound). Invenia ABUS 2.0 features an open platform technology which would enable the integration of third-party AI tools. The product is a FDA-approved supplemental breast screening technology for detecting cancer.
- October 2021: OSF HealthCare, a not-for-profit Catholic health care organization in the U.S., announced the availability of Invenia ABUS 2.0. It is set to help the organization in extending its breast cancer screening program. In addition, it will be able to enhance detection for small cancers that cannot be seen otherwise on a mammogram.
- September 2021: Koios Medical, New York-based developer of artificial intelligence for the early detection of cancer, partnered up with GE Healthcare. The company launched its software, DS Breast on GE’s Invenia ABUS 2.0 for improving clinical accuracy and streamlining the clinical workflow.
Key Players in the Automated Breast Ultrasound System Include:
- GE Healthcare
- Delphinus Medical Technologies Inc.
- Siemens AG
- SonoCine Inc.
- Hitachi Ltd
More Valuable Insights on Automated Breast Ultrasound System Market
Fact.MR provides an unbiased analysis of the automated breast ultrasound system market, presenting historical demand data (2012-2017) and forecast statistics for the period from 2018-2027. The study divulges compelling insights on the global automated breast ultrasound system market with a detailed segmentation on the basis of:
Care Type
- Hospitals
- Diagnostic Centers
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Key Questions Covered in Automated Breast Ultrasound System Market Report
- The report offers insight into the automated breast ultrasound system market demand outlook for 2018-2027.
- The market study also highlights projected sales growth for automated breast ultrasound system market between 2018 and 2027.
- Automated breast ultrasound system market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Automated breast ultrasound system market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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Ultrasound Systems Market Forecast - Over the last few years, demand for ultrasound systems has continuously increased, with manufacturers responding by incorporating cutting-edge technologies. Ultrasound system vendors have seen substantial growth in the previous five years, thanks to developments in hospitals and diagnostic centers, as well as a surge in demand for 2D, 3D, and 4D ultrasound. As demand for ultrasound systems grows in a variety of applications such as cardiology, radiology, gynecology, and vascular surgery, to mention a few, profit for ultrasound system makers is expected to grow even more in the coming years.
Wireless Handheld Ultrasound Devices Market - Due to their compact size and simple operation, sales of wireless ultrasound scanners have been fast expanding. Furthermore, physicians and clinicians from various areas prefer to bring these devices with them when operating on patients at the point of treatment. While the ultrasound market has grown in recent years, the need for wireless handheld ultrasound equipment has increased as well. From wireless handheld ultrasound 2D scanners to wireless handheld ultrasound 3D scanners, ultrasound devices have come a long way in terms of technological advancements.
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