Automated Breast Ultrasound Systems Market Report

Market Insights

"The global automated breast ultrasound systems market is projected to grow from USD 1.57 billion in 2021 to USD 4.45 billion by 2028 at a CAGR of 15.85% during the forecast period."

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What is automated breast ultrasound?

Automated breast ultrasound (ABUS) is a breast cancer screening technology used for the detection of dense breast tissue in women. This technology is used as an adjunct to mammography for screening breast cancers in asymptomatic women with dense breasts. Based on the product, it can be categorized as an automated breast ultrasound system (ABUS) and automated breast volume scanner (ABVS).

Market Drivers

The growth of the global automated breast ultrasound systems market is primarily driven by the rising number of women suffering from breast cancer. Cancer is the second leading cause of death worldwide and breast cancer is one of the most commonly occurring cancers in women. Growing inclination toward a sedentary lifestyle has also resulted in the rising number of cancer patients. In addition to this, the rising demand for advanced technologies for cancer detection and diagnosis is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The COVID-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the automated breast ultrasound systems market negatively as the imposition of complete lockdown and restrictions on trade resulted in a decline in visits to hospitals.

Segment Analysis

Application Trends

"The hospitals and diagnostic centers segment accounted for the largest market share."

By application, the automated breast ultrasound systems market has been bifurcated into hospitals and diagnostic centers, clinics, and ambulatory surgical centers. Under these, the hospitals and diagnostic centers segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required infrastructure and skilled staff in hospitals.

Regional Insights

"North America accounted for the largest market share."

By region, the market in North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high adoption rate of advanced technologies in the healthcare industry coupled with the presence of key market players such as GE Healthcare (US) and SonoCiné Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by the rising number of people suffering from cancer.

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Key Players

Key players operating in the Automated Breast Ultrasound Systems market are:

• GE Healthcare (US)
• Hitachi, Ltd. (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Siemens AG (Germany)
• SonoCiné Inc. (US)
• Qview Medical (US)
• Seno Medical Instruments (US)
• Volpara Solutions Limited (New Zealand)
• Delphinus Medical Technologies, Inc. (US)
• CapeRay (South Africa)
• SuperSonic Imagine, Inc. (France)
• Nova Medical Inc (US)
• Theraclion (France)
• Metritrack Inc (US)
• Toshiba Corporation (Japan)

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in This Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automated breast ultrasound systems market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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