LONDON--(BUSINESS WIRE)--The global automated breast ultrasound systems (ABUS) market 2019-2023 is expected to post a CAGR of more than 14% during the forecast period, according to the latest market research report by Technavio.
Breast cancer is one of the common cancer types occurring in women globally. With the increase in its incidence, the demand for ABUS is also increasing. Because of its effectiveness in diagnostic results, ABUS is widely preferred by oncologists. The growing number of breast cancer cases has led many countries to perform early breast cancer screening. For instance, the breast cancer screening rate has spurred in many developed countries such as France, Germany, and Italy in recent years. With the growing incidences of breast cancer cases, the increasing demand for breast imaging products will drive the market’s growth over the forecast period.
This market research report on the global automated breast systems (ABUS) 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a significant factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing focus on the development of integrated and innovative ABUS as one of the key emerging trends in the global automated breast ultrasound systems market.
Global automated breast ultrasound systems: Growing focus on development of integrated and innovative ABUS
Many vendors are developing affordable integrated products that can help medium and small-sized end users. Such integrated products help clinicians precisely understand the medical condition of a patient. For example, Koninklijke Philips recently launched its integrated breast ultrasound solution. This integrated ultrasound solution comes with various features to provide superior screening and diagnosis. One of the highlights includes PureWave crystal technology that provides detailed resolution and tissue uniformity to understand the root cause of the problem. This growing trend of developing integrated and innovative solutions among vendors will boost the growth of the market globally.
“Vendors are expanding their reach by providing their products to end-users in various regions due to the growing demand. For instance, in 2010, Siemens Healthineers introduced a new ABUS, ACUSON S2000 at Jaslok Hospital in Mumbai, India for imaging patients with dense breast tissue or with a history of breast disease. Similarly, Benson Radiology, a diagnostic and interventional radiology provider with its North Adelaide clinic, is providing a diagnosis for patients with dense breast tissue using GE Healthcare Invenia ABUS. The rise in a number of diagnostic facilities for breast cancer will drive the growth of the market during the forecast period”, says an analyst at Technavio.
Global automated breast ultrasound systems market: Segmentation analysis
This market report segments the global automated breast ultrasound systems market by end-user (hospitals and clinics and diagnostic centers) and geography (Asia, Europe, North America, and ROW).
North America led the market in 2018 with a market share of 33%, followed by Europe, ROW, and Asia respectively. The dominance of North America can be attributed to the increasing prevalence of breast cancer cases and the growing presence of breast cancer diagnostic centers in the region.
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Five Forces Analysis
- Regional comparison
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- Vendors covered
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- Market positioning of vendors
- Competitive scenario
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