Global Automated Breast Ultrasound Systems Market, By Product (Automated Breast Ultrasound System, Automated Breast Volume Scanner), End Use (Hospitals, Diagnostic Imaging Centers) – Industry Trends and Forecast to 2029.
Market Analysis and Size
In recent years, breast cancer is becoming are very big problem for women and the numbers are rising every day. Pharmaceuticals and healthcare companies are trying to find the new cures and medications but the important part to treat the cancer is to find it before it’s too late and this is what driving the automated breast ultrasound systems market.
- Data Bridge Market Research analyses that the automated breast ultrasound systems market is expected to reach the value of USD 2971.18 million by the year 2029, at a CAGR of 15.53% during the forecast period. The large share of the automated breast ultrasound system of product segment can be attributed to the lower risk of exposure to radiation and the benefits offered by breast ultrasound such as the ability to detect lesions and the nature of lesions in women with dense breast tissues, the ability to differentiate between a cyst and a solid mass, and the detection of blood flow through vessels.
Ultrasound is a diagnostic tool that is used in several areas of the medical filed in order to guide procedures, determine abnormalities, evaluate pregnancies, and examine internal organs. Technological advancements in ultrasound devices have expanded the usage of ultrasound in various applications in the medical field. The new ultrasound device is able to detect minute masses in dense breast tissues of women, enabling more accurate and reliable interpretations of the presence of breast cancer.
Automated Breast Ultrasound Systems Market Dynamics
Surging volume of patients suffering from breast cancer
Number are increasing on daily basis of people suffering with cancer but the biggest share goes to women suffering with breast cancer and with advancement detection showed the real figures and it is driving the market.
Demands for automated breast ultrasound systems
The number of patient is increasing and to detect any type of cancer one need an ultrasound or MRI to find the cause or which part is affected and it also affecting the demand for the breast ultrasound system in a positive manner.
Additionally, the surge in healthcare expenditure, advancements of technologies provided by the different market players advancements in healthcare infrastructure, and ore portable and less expensive diagnostic imaging tool, as compared to CT and MRI, breast associated disorder affect the automated breast ultrasound systems market.
Furthermore, advancements in detection technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, a high emphasis on streamlining imaging workflows will further expand the automated breast ultrasound systems market's growth rate in the future.
On the other hand, a several limitations are associated with the technology such as lengthy test durations, dependence on skill & expertise of operator are expected to obstruct market growth. Also, complexity with lack of consistent data and concerns regarding data privacy are projected to challenge the automated breast ultrasound systems market in the forecast period of 2022-2029.
This automated breast ultrasound systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automated breast ultrasound systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Automated Breast Ultrasound Systems Market
Dr. Petra Wilson, European Program Director of the UK's Personal Connected Health Alliance, states, "We are at a point now where we can really see some of the benefits that have arisen out of the crisis for digital health" in a HIMSS webinar held on November’2021. Cancer treatments like chemotherapy and immune suppressants taken after surgical cancer removal usually weaken the patient's immune system. This means that any infection around may possibly affect you more than any healthy individual.
- Infor, the industry cloud company has launched a new interoperability solution for the healthcare sector, "FHIR Server", in July 2021. The new solution promises to help healthcare organizations better leverage and analyze their data. Infor FHIR Server is being considered as one of the most modern, advanced, and scalable FHIR servers commercially available in the current market.
- Epic Systems (US) partnered with Anthem, Inc. (US) in May 2021 to address potential gaps in care by harnessing Epic’s Payer Platform and easing administrative burdens.
- Koninklijke Philips N.V. (Netherlands) signed an agreement to acquire Capsule Technologies, Inc. (US) in In January 2021 to transform care delivery.
Global Automated Breast Ultrasound Systems Market Scope
The automated breast ultrasound systems market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Automated breast ultrasound system
- Automated breast volume scanner
Based on product, the automated breast ultrasound systems market is segmented into automated breast ultrasound system, automated breast volume scanner.
- Healthcare Providers
- Diagnostic imaging centres
Automated breast ultrasound systems market has also been segmented based on the end use into hospitals, diagnostic imaging centres.
Automated Breast Ultrasound Systems Market Regional Analysis/Insights
The automated breast ultrasound systems market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the automated breast ultrasound systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automated breast ultrasound systems market due to the high prevalence of breast cancer patients within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the focus of various established market players to expand their presence in this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The automated breast ultrasound systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for automated breast ultrasound systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the automated breast ultrasound systems market. The data is available for historic period 2010-2020.
Competitive Landscape and Automated Breast Ultrasound Systems Market Share Analysis
The automated breast ultrasound systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automated breast ultrasound systems market.
Some of the major players operating in the automated breast ultrasound systems market are Canon Medical Systems, USA, CapeRay, Delphinus Medical Technologies, Inc., GENERAL ELECTRIC COMPANY, Hitachi, Ltd., Koninklijke Philips N.V., MetriTrack, Inc., NOVA MEDICAL IMAGING TECHNOLOGY CO.LTD., QView Medical, Real Imaging & Research center, Seno Medical Instruments, Inc., OLYMPUS CORPORATION, SIUI, Siemens Healthcare Private Limited, ,SonoCiné, Theraclion ENG, Supersonic Imagine and Volpara Solutions Limited among others.