The global automated breast ultrasound systems industry is poised for substantial growth, projected to reach US$ 7.23 billion by 2033, according to the latest research report from Future Market Insights (FMI). The market, currently valued at US$ 1.95 billion in 2023, is expected to exhibit a remarkable Compound Annual Growth Rate (CAGR) of 14% over the next decade.
The comprehensive study, conducted by ESOMAR-certified FMI, attributes the burgeoning demand for automated breast ultrasound systems to the increasing prevalence of breast cancer worldwide and the expansion of government initiatives aimed at promoting breast cancer awareness. The report indicates that the market is set to grow at a CAGR of approximately 10% in the next ten years, reflecting a significant upward trajectory.
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Automated Breast Ultrasound Systems (ABUS) have witnessed notable advancements and substantial growth in recent years. ABUS, a non-invasive imaging technique, plays a crucial role in the early detection of breast cancer, especially in women with dense breast tissue, where traditional mammography may be less effective. The market’s expansion is primarily driven by the rising number of breast cancer cases and a growing awareness of the importance of early diagnosis.
“The Automated Breast Ultrasound Systems Market has become a cornerstone in the fight against breast cancer. Technological advancements and a heightened focus on early detection have propelled the market forward, providing a non-invasive solution for women with dense breast tissue. We anticipate sustained growth, driven by global efforts to increase awareness and improve screening programs,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).
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.
More Insights on the Global Automated Breast Ultrasound Systems Market:
In its latest report, FMI offers an unbiased analysis of the global automated breast ultrasound system market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of end user (hospitals, diagnostic imaging laboratories), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan, and Middle East & Africa).
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Automated Breast Ultrasound Systems Market by Category:
End User:
- Hospitals
- Diagnostic Imaging Laboratories
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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