According to the latest research report from ESOMAR-certified Future Market Insights (FMI), the rising prevalence of breast cancer around the world, as well as increased government initiatives to promote breast cancer awareness, have significantly fueled demand for Automated Breast Ultrasound Systems. According to the study, the global automated breast ultrasound system market will grow at a 10% CAGR over the next decade.
Key manufacturers are working hard to develop faster, more accurate, and less invasive ultrasound breast imaging systems. According to a report published in the National Library of Medicine, combining mammography with an automated breast ultrasound system increased the system’s sensitivity to 99.1%.
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The combination drastically improves cancer detection rate among dense breasted women and reduces the interpretation time. Prominent manufacturer GE Healthcare launched a new automated breast ultrasound system named “Invenia” in U.S in October 2018. The main function of the system is to identify the presence of mammographically occult cancer especially in women with dense tissues.
With various other developments on cards, the automated breast ultrasound system market is expected to showcase impressive growth between 2021 and 2031.
“Visibly rising consumer inclination towards radiation free imaging and diagnostics systems is likely to intensify sales of automated breast ultrasound system among diagnostics laboratories,” says the FMI analyst.
Key Takeaways from FMI’s Automated Breast Ultrasound Systems Market Study
- Increasing government investment to promote breast cancer awareness among women will bolster demand across the U.S.
- The U.K is expected to experience noteworthy growth as governments and private organizations aim at curbing high mortality rate due to breast cancer.
- Presence of modern healthcare infrastructure will increase automated breast ultrasound system adoption across Germany
- Saudi Arabia will offer lucrative opportunities owing to rapid urbanization and emergence of advance diagnostics centers.
- India is expected to exhibit increasing demand owing to increase in per capita income and to growing incidence of breast cancer among women.
- Hospitals are expected to lead the market driven by faster accessibility modern tool and availability of skilled professionals.
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Competitive Landscape
GE Electric Co., Siemens A.G., Hitachi Ltd., SonoCiné Inc., Koninklijke are some prominent players operating in the automated breast ultrasound system market. They are focusing on improving the accuracy of automated breast ultrasound system for faster assessment of cancer screening in addition to getting government approval for their products.
For instance, Hitachi being the global leader in smart life & eco-friendly systems launched its latest automated breast ultrasound system “SOFIA” capable of scanning and acquiring image of the complete breast.
Koninklijke launched Philips EPIQ and Affiniti ultrasound systems as a part of its automated breast ultrasound system product range. Philips EPIQ is laced with an integrated eL18-4 transducer and employs anatomical intelligence for accurate imaging of the breast with high tissue density.
Automated whole breast ultrasound is typically used in conjunction with other imaging technologies, such as mammography or magnetic resonance imaging (MRI), to provide a more complete picture of the breast tissue. It is often used for breast cancer screening in women who have dense breast tissue or who have a higher risk of developing breast cancer.
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Key Segments Covered:
By End User
- Hospitals
- Diagnostic Imaging Laboratories
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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