VALLEY COTTAGE, N.Y.--(BUSINESS WIRE)--Future Market Insights announces the release of its new market research report, titled, “Automated Breast Ultrasound System Market: Global Industry Analysis and Opportunity Assessment 2015-2025.”
Automated breast ultrasound systems (ABUS) are used to obtain ultrasound images using a transducer that scans the whole breast to obtain three dimensional (3D) images for cancer detection. FMI estimates installations of ABUS to reach 1,013 units by 2025, up from 447 units in 2015.
In terms of market value, the global automated breast ultrasound system market is valued at US$ 97.7 Mn currently. FMI expects it to reach a valuation of US$ 212.4 Mn by the end of the forecast period.
Increase in prevalence of breast cancer is one of the key reasons for the rising demand for ABUS. Awareness campaigns launched by government and not-for-profit organisations are also contributing towards encouraging women to undergo preventive check-ups. Furthermore, clinical trials for automated breast ultrasound systems is anticipated to boost the adoption of ABUS in diagnostic imaging laboratories.
Automated breast ultrasound systems are comparatively more expensive than conventional cancer screening systems. This restricts their widespread adoption, especially in emerging nations. Lack of reimbursement policies and effective insurance cover makes ABUS a less appealing option for patients.
On the basis of end-user, FMI has segmented the global ABUS market into hospitals and diagnostic imaging laboratories. In terms of market value and volume, hospitals have an upper hand over diagnostic laboratories currently, and FMI expects the status quo to remain the same during the forecast period as well.
Region-wise, North America is the most lucrative region in the global ABUS market, both in terms of value and volume. FMI expects North America to account for nearly 46% market value share by 2025. Among all the regions, Japan is expected to expand at the highest CAGR during the forecast period 2015-2025.
FMI Latest Insights: http://www.futuremarketinsights.com/reports/latestinsights
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