Automated Breast Ultrasound Systems (ABUS) Market – By Product Type (Prone and Supine), By End-user (Hospitals, Ambulatory Surgical Units, and Diagnostic Center), By Application (Screening and Pre-operative Evaluation), By Geography – Trends and Forecast to 2024

Automated Breast Ultrasound Systems – The Future of Breast Screening

Breast cancer is the most commonly diagnosed type of cancer and the second leading cause of death among women, as evident from stats revealed by the National Breast Cancer Foundation. Growing awareness of breast cancer has increased number of women undergoing breast screening and in turn would propel demand for automated breast ultrasound systems (ABUS) in hospitals and diagnostic centers. ABUS enables physicians to screen women, especially with denser breasts and provides superior image quality, thus providing them a competitive edge over handheld ultrasound systems (HHUS)

The global automated breast ultrasound systems market was valued at US$ 236.5 million in 2015 and is expected to expand at a CAGR of 21.6% during the forecast period (2016 – 2024).

Figure 1. Global ABUS Market Size and Forecast, Market Value (US$ Mn) and Y-o-Y Growth (%), 2014 – 2024

 

Automated-breast-Ultrasound-Systems-Market

Source: Coherent Market Insights Analysis (2017)

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ABUS are primarily used for screening purpose in adjunct to mammography

ABUS are approved by the U.S. FDA for screening in conjunction with mammography for dense breasts. Radiologists are inclined towards adoption of ABUS as they provide high quality 3D images. Surgeons are adopting this system for pre-operative evaluation of breast to accurately identify the tumor size and location. HHUS are mainly preferred for preoperative evaluation as compared to ABUS, due to high cost associated with ABUS and lack of skilled radiologists to operate the ABUS system during the crucial preoperative period.

High prevalence of breast cancer and awareness campaigns driving demand for ABUS in developed countries

Factors attributable to the growth of ABUS in North America and European markets include increased patient awareness, high uptake of early breast screening, and availability of funds to install relatively expensive ABUS.

  • According to the World Health Organization (WHO), 232,924 new cases of breast cancer were diagnosed in 2013. Moreover, the American Cancer Society estimates that until 2016 there are over 2.8 million breast cancer survivors in the U.S.
  • According to the Cancer Research UK, the incidence rate of breast cancer in the U.K is expected to rise by 2% from 2014 to 2035
  • Public Health England launched a campaign called ‘Be Clear on Cancer’ (2015) to raise breast cancer awareness among women over 70 years. Moreover, research and development in the field is encouraged through the Breast Cancer Now Catalyst Programme (2016).

High prevalence coupled with government awareness drives are driving demand for ABUS in the U.S. and U.K.

Increasing awareness programs related to breast cancer driving demand in Asia-Pacific region

Asia-Pacific possess immense revenue potential for the growth of ABUS market. Demand for ABUS in Asia-Pacific in terms of volume is expected to increase at a CAGR of 24.4% during 2016 – 2024. Lack of awareness had deterred the uptake of early breast screening until various cognizance initiatives were undertaken by ABUS manufacturers and non-profit and regional cancer organizations. Some noteworthy initiatives include The Pink Initiative organization in India, Breast Cancer Initiative East Africa Inc. and Pink Ribbon Breakfast initiative by Cancer Australia. Moreover, denser breast tissues in the Chinese population is driving demand for ABUS in China at a rapid pace.

Automated breast ultrasound systems manufacturers are following inorganic strategies to increase their footprint

Inorganic growth roadmap is the key strategy followed by market leaders. For instance, GE Healthcare acquired U-Systems, Inc. in 2014 to expand their breast care innovations portfolio. Philips partnered with SonoCine, Inc. in 2014 to provide ABUS imaging for its ultrasound systems. Hitachi Aloka Medical America, Inc. entered into a strategic alliance with iVu Imaging Corporation in 2014, gaining exclusive distribution rights for iVu’s SOFIA (ABUS) system in North America.  This agreement helped iVu Imaging Corporation to get access to the expanded channel and also helped both the companies to leverage the technical expertise of the other which further improved the performance of SOFIA.

Use of conventional handheld ultrasound systems (HHUS) is time consuming and requires technical skills in analyzing the images. The advent of automated breast ultrasound systems (ABUS) has helped alleviate this issue. In 2015, the U.S. Food & Drug Administration (FDA) approved ABUS for supplemental screening of women with dense breasts. Its usage in preoperative evaluation is also increasing in order to identify the presence and amount of cancer tissues, prior to the surgery. Hence, it is vital for ultrasound system manufacturers to closely monitor the various trends in this highly lucrative market and accordingly align their business strategies in order to capitalize on these opportunities.

Market dynamics

High prevalence and incidence rate of breast cancer is a major factor contributing towards growth of automated breast ultrasound systems market. According to the American Cancer Society, 246,660 new cases of breast cancer would be reported in the U.S. in 2016. Moreover, the risk of breast cancer increases with age. Initiatives by the WHO in collaboration with national governments to promote early detection, diagnosis and treatment is further propelling demand for ABUS for breast screening. However, high costs associated with installation and training of personnel is constraining market growth. Therefore, companies are adopting strategies such as providing FDA approved on-site training, entering into strategic agreements, and introducing innovations in their existing portfolio in order to enhance their market presence.

Market Taxonomy

This report segments the automated breast ultrasound systems market on the basis of product type, application, and end use. On the basis of product type, the market has been segmented into prone-type and supine-type automated breast ultrasound systems. On the basis of application, the market has been classified as screening and pre-operative evaluation. In terms of end use, the ABUS market is segmented into hospitals, ambulatory surgical units, and diagnostic centers. The ABUS market is also analyzed across major geographies such as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

Key features of the study:

  • This report provides in-depth analysis of the automated breast ultrasound systems and provides market size (US$ Million), volume (number of units) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2016 – 2024) with 2015 considered to be the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • The report takes into account critical limiting factors such as high installation cost and lack of government grants for installation of these systems while analyzing the market value, volume and growth (%) during the forecast period
  • Insights from this report would allow marketers and the management of companies to make informed decisions with respect to their future product launches, technology upgrades, market expansion, and marketing tactics
  • It profiles leading players in the global automated breast ultrasound systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and future plans
  • Key companies covered as a part of this study include Koninklijke Philips N.V, Siemens AG, SonoCine, Inc., General Electric Company, Hitachi Ltd. and iVu Imaging Corporation
  • The global automated breast ultrasound systems market report caters to various stakeholders in this industry, including investors, component manufacturers, device manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders can access critical insights on driving factors such as increasing prevalence of breast cancer and government initiatives to create awareness about breast cancer and encourage early diagnosis for effective treatment
  • Stakeholders decision making would be greatly aided by the various strategy matrices used in analyzing the ABUS market

 Detailed Segmentation:

  • Global Automated Breast Ultrasound Systems Market, By Product Type:
    • Prone -Type
    • Supine - Type
  • Global Automated Breast Ultrasound Systems Market, By End-Use:
    • Hospitals
    • Ambulatory Surgical Units
    • Diagnostic Center
  • Global Automated Breast Ultrasound Systems Market, By Application (Usage (%), 2015):
    • Screening
    • Pre-operative Evaluation
  • Global Automated Breast Ultrasound Systems Market, By Geography:
    • North America
      • U.S.
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Canada
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
    • Europe
      • UK
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Germany
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Italy
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • France
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Russia
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Rest of Europe
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
    • Asia-Pacific
      • China
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • India
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Japan
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • ASEAN
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Australia
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • South Korea
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Rest of Asia Pacific
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
    • Latin America
      • Brazil
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Mexico
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Rest of Latin America
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
    • Middle East
      • GCC
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Israel
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
    • Africa
      • North Africa
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • Central Africa
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
      • South Africa
        • By Product Type:
          • Prone -Type
          • Supine - Type
        • By End-Use:
          • Hospitals
          • Ambulatory Surgical Units
          • Diagnostic Center
        • By Application, Usage (%), 2015
          • Screening
          • Pre-operative Evaluation
  • Company Profiles
    • Koninklijke Philips N.V*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Siemens AG
    • Inc.
    • iVu Imaging Corporation
    • Hitachi Ltd.
    • General Electric Company

“*” marked represents similar segmentation in other categories in the respective section.

 Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product
      • Market Snippet By End-Use
      • Market Snippet By Application
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
    • Cost Tier Down Analysis
  1. Global Automated Breast Ultrasound Systems Market, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
    • Introduction
      • Market Share Analysis, 2015 and 2013 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Prone - Type
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million & ‘Thousand Units)
    • Supine - Type
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million & ‘Thousand Units)
  1. Global Automated Breast Ultrasound Systems Market, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
    • Introduction
      • Market Share Analysis, 2015 and 2013 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Hospitals
      • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million & ‘Thousand Units)
    • Ambulatory Surgical Units
      • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million & ‘Thousand Units)
    • Diagnostic Centers
      • Introduction
        • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million & ‘Thousand Units)
  1. Global Automated Breast Ultrasound Systems Market, By Application, 2015 (% Usage)
    • Introduction
    • Screening
    • Pre-operative Evaluation
  1. Global Automated Breast Ultrasound Systems Market, By Regions, 2014 - 2024 (USD Million & ‘Thousand Units)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (USD  Million & ‘Thousand Units)
      • Y-O-Y Growth Analysis, For Regions, 2014 - 2024
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (USD  Million & ‘Thousand Units)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (USD  Million & ‘Thousand Units)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • France
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (USD  Million & ‘Thousand Units)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • China
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • India
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (USD  Million & ‘Thousand Units)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (USD  Million & ‘Thousand Units)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (USD  Million & ‘Thousand Units)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million & ‘Thousand Units)
          • Market Size and Forecast, By Application, 2015 (Usage %)
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Koninklijke Philips N.V
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SonoCine. Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • iVu Imaging Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Hitachi Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • General Electric Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Analyst Views
  3. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.