The latest report on Automated Breast Ultrasound Market by Infinium Global Research gives complete coverage of the automated breast ultrasound market by product (automated breast ultrasound system, automated breast volume scanner), end user (hospitals, diagnostic centers, and others) in terms of key trends, market size, forecast. In addition, the study covers deep dive into key product and applications trends in the regional markets of automated breast ultrasound such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. The global automated breast ultrasound market is projected to grow at a CAGR of 16.0% over the forecast period of 2019-2025.
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Automated Breast Ultrasound Market: Industry Insights
The automated breast ultrasound is an imaging technique used to detect breast-related diseases. The automated breast ultrasound market has significant growth over mammography market as automated breast ultrasound can detect dense breast cancer. The automated breast ultrasound has advantages such as less harmful radiation with high frequency. The automated breast ultrasound is applicable in diagnosing dense breast cancer. Automated breast ultrasound improves consistency and reduces scan time. Hospitals and diagnostic centers need to have automated breast ultrasound scanners and systems due to rising prevalence of automated breast ultrasound market.
Automated Breast Ultrasound Market: Drivers, Restraints, And Opportunities
The automated breast ultrasound market is majorly driven by the rising prevalence of breast cancer. According to the World Health Organization, in 2018, there are 2.09 million cases of breast cancer worldwide. Increasing awareness about the advanced techniques to diagnose breast cancer contributes to the growth of automated breast ultrasound market. In addition, government initiatives to create awareness about the early detection of breast cancer stimulates the automated breast ultrasound market’s growth. On the flip side, manufacturing and maintenance costs for magnetic resonance imaging is high that restraints the growth of automated breast ultrasound market. Moreover, technological advancements in medical diagnosis techniques create opportunities for the automated breast ultrasound market.
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Automated Breast Ultrasound Market: Segmentation
The automated breast ultrasound market is segmented on the basis of product type and end use. The product type segment is classified into an automated breast ultrasound system, automated breast ultrasound scanner, and others. Based on end use, the automated breast ultrasound imaging market is classified into hospitals and diagnostic imaging centers. Hospitals have a dominant share in the automated breast ultrasound market owing to the need for diagnosis of breast cancer by a skilled professional in hospitals.
Automated Breast Ultrasound Market: Regional Insights
On the basis of geography, North America is expected to be dominant in the automated breast ultrasound market. North America has a high number of breast cancer cases. Around 1 in 8 women in the U.S. might develop invasive breast cancer in her lifetime. Europe is also expected to grow in the automated breast ultrasound market. Europe has 25% of the global cancer burden. In 2018, there were around 523000 new cases of breast cancer. Asia-Pacific region is having a huge population with increasing awareness about breast cancer and the importance of diagnosis. Asia-Pacific region is anticipated to grow in the automated breast ultrasound market.
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Automated Breast Ultrasound Market: Competitive Analysis
The key players are Siemens AG, Koninklijke Philips N.V., General electric company, Hitachi, Ltd., SonoCine Inc., Samsung Hologic, Inc., SuperSonic Imagine, CapeRay Medical (Pty) Ltd., Delphinus Medical Technologies, Inc. Key players are focusing on new product launches, mergers and acquisitions to sustain in the market. For instance, Olympus and Hitachi Healthcare Americas introduce ARIETTA 850, a premium ultrasound processor. Hitachi Healthcare Americas is a leading company in ultrasound and medical imaging and Olympus is a global technology leader in designing and delivering innovative solutions for medical and surgical processes.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automated breast ultrasound.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.