The 2018-2024 report on global Automated Breast Ultrasound Systems market explores the essential factors Of Pharmaceuticals and Healthcare industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Selbyville, DE -- (SBWIRE) -- 10/23/2018 -- Growing number breast cancers diagnosis cases globally will drive automated breast ultrasound systems industry growth over the forecast period. Breast cancer is one of the most common cancer among women worldwide accounting for approximately 1.7 million new cases diagnosed in 2012. Rising incidences of breast cancer in women occur over the age of 50 years old, resulting in increasing demand for breast screening.
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.
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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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Automated Breast Ultrasound Systems Market will exceed USD 1.6 billion by 2024; as per a new research report.
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.
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