
The recently published market study published by TMRR highlights the current trends that are expected to influence the dynamics of the Automated Breast Ultrasound System market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Automated Breast Ultrasound System market in the report. Further, the micro and macro-economic factors that are likely to impact the growth of the Automated Breast Ultrasound System market are thoroughly studied in the presented market study.
According to the report, the Automated Breast Ultrasound System market is expected to grow at a CAGR of ~XX% during the forecast period, 20XX-20XX and attain a value of ~US$ XX by the end of 20XX. The report is a valuable source of information for investors, stakeholders, established and current market players who are vying to improve their footprint in the current Automated Breast Ultrasound System market landscape.
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Critical Data in the Automated Breast Ultrasound System Market Report
- Company share analysis and competition landscape
- Recent trends and notable developments in the Automated Breast Ultrasound System market space
- Growth projections of each market segment and sub-segment during the forecast period
- Effective marketing strategies of stakeholders in the Automated Breast Ultrasound System market
- Recent innovations, product launches, and technological advances relevant to the Automated Breast Ultrasound System market
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Regional Assessment
The regional assessment chapter in the report offers an out and out understanding of the potential growth of the Automated Breast Ultrasound System market across various geographies.
Application Assessment
The presented study ponders over the numerous applications of the Automated Breast Ultrasound System and offers a fair assessment of the supply-demand ratio of each application.
Key Trends
Across the world, the increasing incidence of breast cancer is significantly contributing to the growth of the automated breast ultrasound system market. According to the World Cancer Research Fund, the prevalence of breast cancer is 25% higher than other types of cancers in women.
Environmental changes and lifestyle changes are increasing the susceptibility to several diseases among women, which includes breast cancer. Chemicals found in plastics, polychlorinated biphenyls, cosmetics, and pesticides contain estrogen properties, which increases the risk of breast cancer. Moreover, escalating unhealthy habits such as drinking and smoking is leading to considerable rise in cancer, fuelling growth of the automated breast ultrasound system market.
Initiatives undertaken by several governments around the world for increasing awareness about breast cancer have resulted in an increased number of women undergoing screening. Not only this, several charity organizations are also engaged in creating awareness for the disease and availability of advanced diagnostics for early detection of the same.
Global Automated Breast Ultrasound System Market: Market Potential
Advances in breast imaging devices have helped doctors diagnose breast cancer at an early stage and more effectively. In this context, Hologic, is a market leader in the manufacture of equipment for breast cancer detection. In the U.S., 62% of the mammography systems used are manufactured by Hologic.
Hologic’s detectors have been significantly important for technological breakthrough in mammography over the last two decades. The first major leap came in the early 2000s when mammography jumped from film to digital.
In a next major leap, in 2011, Hologic was the first company to receive FDA approval for the commercial launch of 3-D imaging process called digital tomosynthesis. The technology, which is rapidly becoming an industry standard is replacing single, two –dimensional images from conventional mammograms with a multitude of X-ray images that are taken a few millimeters at a time.
Global Automated Breast Ultrasound System Market: Regional Outlook
The global market for automated breast ultrasound system can be broadly segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In North America, the U.S. contributed a significant revenue to the regional market due to high prevalence of breast cancer and favorable government initiatives for the use of advanced diagnostic techniques.
Germany accounts for a significant revenue contribution to the Europe ABUS market. As per the Immunological & Oncological Center, the region records almost 70,000 breast cancer cases each year. With the introduction of screening programs and their effective monitoring, clinical cancer registries have been equipped for the early diagnosis and quality care for cancer.
In Asia Pacific, the rising awareness for the early detection of breast cancer and technological advancements for improved screening systems is expected to fuel growth of this market.
Global Automated Breast Ultrasound System Market: Competitive Analysis
Some of the key companies operating in the global automated breast ultrasound system market are GE Healthcare, Hitachi, Philips Healthcare, Siemens, and SonoCine. Key players in this market are focused on the development of innovative and advanced systems in order to stay competitive in this market.
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The report resolves the following doubts related to the Automated Breast Ultrasound System market:
- Who are the leading market players operating in the current Automated Breast Ultrasound System market landscape?
- Which region is expected to dominate the Automated Breast Ultrasound System market in terms of market share and size during the forecast period?
- What are the various factors that are likely to contribute to the growth of the Automated Breast Ultrasound System market in the upcoming years?
- What is the most impactful marketing strategy adopted by players in the Automated Breast Ultrasound System market?
- What is the projected CAGR growth of application 1 during the forecast period?
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