Automated Breast Ultrasound Systems Market Size to exceed $1.6 bn by 2024

Sellbyville, DE -- (SBWire) -- 01/21/2019 --The Automated Breast Ultrasound Systems Market is set to exceed USD 1.6 billion by 2024; according to a new research report by Global Market Insights.

Increasing incidences of breast cancer worldwide along with rising mortality rates associated with the disease will fuel demand for automated breast ultrasound systems over the forecast period. Breast cancer accounts for 15.4% of overall cancer deaths in the developed regions. Also, the risk of breast cancer diagnosis increases with age. Such factors will augment automated breast ultrasound systems market size.

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Technological innovations in the field of oncology will further favor industry expansion. Market players operating in the developed regions are offering innovative technologies, as the conventional technology market has reached maturation. For instance, QView Medical introduced computer aided detection system for 3D automated breast ultrasound screening leading to accurate diagnosis of breast tumors.

Hospitals business dominated the automated breast ultrasound systems market in 2017 with revenue share of 61.3% and expected to follow similar trend throughout the forecast period. Increasing usage of ABUS in hospitals for screening breast tissues providing effective outcomes along with presence of skilled professionals are factors contributing towards its higher market share.

Diagnostic imaging centres business will grow at a CAGR of 16.5% over the forecast timeline owing to rising adoption of ABUS for early detection of small tumours present in dense breast tissue.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- GE Healthcare
- Hitachi
- Siemens
- SonoCiné
- Qview Medical, Inc.
- Seno Medical
- Volpara Solutions
- Delphinus Medical Technologies, Inc.
- CapeRay
- SuperSonic Imagine
- Nova Medical Centers
- Theraclion

U.S. automated breast ultrasound systems market will drive North America ABUS industry over the projection years. By 2017, the U.S. market was valued over USD 140 million. Growing incidence of breast cancer cases along with favourable regulatory scenario are major factors contributing towards regional growth. Several awareness initiatives organized by government & private societies to increase awareness levels will propel industry proliferation. For instance, establishment of National Breast and Cervical Cancer Early Detection Program (NBCCEDP) by Centers for Disease Control to improve access towards breast cancer screening and diagnosis among low-income women will spur regional market growth.

Germany automated breast ultrasound systems market is expected to witness 11.9% CAGR over the forecast period. Increasing support for raising awareness levels about breast cancer care along with presence of well-established industry players developing novel advanced volume scanners are major factors contributing towards market growth.

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Automated Breast Ultrasound Systems Market by Product
o Automated Breast Ultrasound System (ABUS)
o Automated Breast Volume Scanner (ABVS)

Automated Breast Ultrasound Systems Market by End-use
o Hospitals
o Diagnostic imaging centers