Automated Breast Ultrasound System Market: Technological Augmentation Drives Growth in the Coming Years

Posted on 2019-01-24 by Mark Hub in Healthcare, Industrial // 0 Comments

Rockvillle, USA, 2019-Jan-24 — /EPR Network/ — Breast mammography has gained popularity as the standard diagnostic screening tool in the women’s healthcare, aiding detection and intervention of breast cancers in early stages. Prevalence of breast cancer has been increasing significantly over the past few years. The American Cancer Society recorded over 245,000 new cases of breast cancer in 2016 in the U.S. Despite immense research, mammography alone is not effective for all populations of women, particularly in women having dense breast tissues.

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The automated breast ultrasound system market will exhibit a volume CAGR of 11.1% during the forecast period (2018-2027), according to a new analytical research study of Fact.MR. The report estimates the global automated breast ultrasound system market to reach nearly US$ 345 Mn in revenues by 2027-end.

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On the basis of care type, Hospitals will continue to spearhead the global automated breast ultrasound system market, in terms of revenues. However, revenues from care provided by diagnostic centers will increase at a relatively higher CAGR through 2027.

North America will continue to account for bulk share of the global automated breast ultrasound system market. The U.S. is expected to remain the most lucrative country for the market growth in North America, on account of growing breast cancer prevalence and adoption of advanced screening technologies. Presence of leading market participants, favorable government initiatives, and reimbursement scenario are key growth determinants for automated breast ultrasound system market in North America.

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Standardized Training Imperative for Radiologists

Increased sensitivity of the FDA-approved ABUS, nearly 97%, when utilized in conjunction with mammography illustrates this technology’s lucrativeness as a screening tool for women with dense breast tissues.

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Assessing Insights on Expanding Global Footprint Understanding the lucrativeness of regions is a key challenge for companies in the global automated breast ultrasound system market. Information of country-specific markets and regional undercurrents is being offered to expand the knowledge of automated breast ultrasound system companies. Insights on low-wage countries, regions with favorable industrial regulations and concentered consumer marketplaces can influence the expansion strategies of manufacturers. The scope of this report is to address major concerns of automated breast ultrasound system manufacturers in terms of product development, sales growth and geographic expansion. Inferences in the report are aimed to help market players take informed steps towards future market direction.

Competition Landscape

Fact.MR’s report has identified key players underpinning expansion of the global automated breast ultrasound system market, which include GE Healthcare, Delphinus Medical Technologies, Inc., Siemens AG, SonoCine Inc., and Hitachi, Ltd. Product innovation will continue to be a key strategy among the market players to gain a competitive edge. A breakthrough innovation, called “Automated Breast Volume Scanner (ABVS)” has been recently introduced by Siemens Healthcare, which provides

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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