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Automated Breast Ultrasound System Market Key Companies Operating: GE Healthcare, Hitachi, Philips Healthcare, Siemens, and SonoCine

 

San Francisco, CA -- (SBWIRE) -- 05/16/2019 -- Global Automated Breast Ultrasound System Market: Overview

Automated breast ultrasound system (ABUS), a new technology, is the alternative to traditional hand-held ultrasounds for breast screening. Same as traditional ultrasound, the technology uses high-frequency sound waves that are targeted at the breast with the advantage of receiving a 3-D volumetric image of the breast. ABUS examinations require much less time than traditional ultrasound – which can be half the time need for traditional ultrasounds. Moreover, the transducer used in ABUS performs an automatic scan of the breast, thereby reducing operator dependency to a high degree.

Global Automated Breast Ultrasound System Market: Key Trends

Across the world, the increasing incidence of breast cancer is significantly contributing to the growth of the automated breast ultrasound system market. According to the World Cancer Research Fund, the prevalence of breast cancer is 25% higher than other types of cancers in women.

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Environmental changes and lifestyle changes are increasing the susceptibility to several diseases among women, which includes breast cancer. Chemicals found in plastics, polychlorinated biphenyls, cosmetics, and pesticides contain estrogen properties, which increases the risk of breast cancer. Moreover, escalating unhealthy habits such as drinking and smoking is leading to considerable rise in cancer, fuelling growth of the automated breast ultrasound system market.

Initiatives undertaken by several governments around the world for increasing awareness about breast cancer have resulted in an increased number of women undergoing screening. Not only this, several charity organizations are also engaged in creating awareness for the disease and availability of advanced diagnostics for early detection of the same.

Global Automated Breast Ultrasound System Market: Market Potential

Advances in breast imaging devices have helped doctors diagnose breast cancer at an early stage and more effectively. In this context, Hologic, is a market leader in the manufacture of equipment for breast cancer detection. In the U.S., 62% of the mammography systems used are manufactured by Hologic.

Hologic's detectors have been significantly important for technological breakthrough in mammography over the last two decades. The first major leap came in the early 2000s when mammography jumped from film to digital.

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In a next major leap, in 2011, Hologic was the first company to receive FDA approval for the commercial launch of 3-D imaging process called digital tomosynthesis. The technology, which is rapidly becoming an industry standard is replacing single, two –dimensional images from conventional mammograms with a multitude of X-ray images that are taken a few millimeters at a time.

Global Automated Breast Ultrasound System Market: Regional Outlook

The global market for automated breast ultrasound system can be broadly segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In North America, the U.S. contributed a significant revenue to the regional market due to high prevalence of breast cancer and favorable government initiatives for the use of advanced diagnostic techniques.

Germany accounts for a significant revenue contribution to the Europe ABUS market. As per the Immunological & Oncological Center, the region records almost 70,000 breast cancer cases each year. With the introduction of screening programs and their effective monitoring, clinical cancer registries have been equipped for the early diagnosis and quality care for cancer.

In Asia Pacific, the rising awareness for the early detection of breast cancer and technological advancements for improved screening systems is expected to fuel growth of this market.

Global Automated Breast Ultrasound System Market: Competitive Analysis

Some of the key companies operating in the global automated breast ultrasound system market are GE Healthcare, Hitachi, Philips Healthcare, Siemens, and SonoCine. Key players in this market are focused on the development of innovative and advanced systems in order to stay competitive in this market.

The study presents reliable qualitative and quantitative insights into:

Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Key trends/opportunities/challenges
Forces defining present and estimated future state of the competitive landscape
Technological developments
Value chain and stakeholder analysis

The regional analysis covers:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

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