Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Automated Breast Ultrasound System (ABUS) Market – Insights

Ultrasound uses high-frequency sound waves to assess organs and structures inside the body. The approach does not involve exposure to radiation. In automated breast ultrasound, a transducer that scans the whole breast is used to obtain ultrasound images in three dimension (3D) for cancer detection.

The global automated breast ultrasound system (ABUS) market is estimated to account for US$ 271.1Mn in terms of value and 1,270 units in terms of volume by the end of 2027.

Global Automated Breast Ultrasound System (ABUS) Market: Drivers

Increasing prevalence of breast cancer is a major factor boosting growth of the global automated breast ultrasound system (ABUS) market over the forecast period. For instance, according to the World Health Organization, 2.1 million women worldwide suffer from breast cancer, annually. Moreover, in 2018, 627,000 women died from breast cancer worldwide.

Increasing initiatives of government and private organizations to spread breast cancer awareness is also expected to fuel growth of the market. For instance, in December 2019, AMMETLIFE Insurance Bhd launched a fundraising campaign to support breast cancer awareness programs undertaken by the Pink Ribbon Wellness (L) Foundation.

North America region held dominant position in the global automated breast ultrasound system (ABUS) market in 2018, accounting for 41.6% share in terms of value, followed by Europe.

Figure 1. Global Automated Breast Ultrasound System (ABUS) Market Value (US$ Mn), by Region, 2018

Automated Breast Ultrasound Systems (ABUS)  | Coherent Market Insights

Global Automated Breast Ultrasound System (ABUS) Market: Restraints

Stringent regulations in various countries have restricted the use of automated breast ultrasound imaging techniques. Moreover, high cost of ultrasound systems compared to conventional cancer screening systems is also expected to hinder growth of the global automated breast ultrasound system (ABUS) market. For instance, on average, a new ABUS can cost around US$ 300,000.

Although ultrasound is quick and can boost cancer detection, it is also prone to false-positive biopsies, which is also expected to hamper growth of the market.

Global Automated Breast Ultrasound System (ABUS) Market: Opportunities

Increasing demand for early diagnosis and treatment of breast cancer is expected to offer lucrative growth opportunities for players in the global automated breast ultrasound system (ABUS) market. According to National Center for Biotechnology Information (NCBI) statistics, women aged 30–34 years may be responsible for a 130.6% increase in incidence of breast cancer by 2025.

Moreover, key players in the market can also focus on integrating full-field digital mammography (FFDM) with ABUS to develop a single platform that can offer improved quality images.

Automated Breast Ultrasound Systems (ABUS)  | Coherent Market Insights

Market Trends/Key Takeaways

North America and Europe is witnessing increasing prevalence of breast cancer among women. Moreover, low sensitivity of mammography in breasts with dense tissues has led to increasing adoption of ABUS.

Major hospitals worldwide are adopting ABUS to improve treatment outcome. For instance, in November 2019, St. Patrick Hospital, Montana (U.S.) installed ABUS.

Global Automated Breast Ultrasound System (ABUS) Market: Competitive Landscape

Major players operating in the global automated breast ultrasound system (ABUS) market include, General Electric Co., Siemens AG, Hitachi Ltd., QT Ultrasound LLC, Ikonopedia, and SonoCiné Inc.

Global Automated Breast Ultrasound System (ABUS) Market: Key Developments

Key players in the market are focused on adopting partnership and collaboration strategies to enhance their market share. For instance, in October 2019, GE Healthcare collaborated with Premier Inc. to develop a model to bring a same-day breast cancer diagnosis and treatment model to the U.S.

Key players in the market are also focused on adopting marketing strategies to enhance their market share. For instance, in December 2019, Ikonopedia demonstrated enhancements to its breast biopsy reporting tool designed to improve efficiency and clinical utility at the 105th Annual Radiological Society of North America (RSNA) meeting.

Automated Breast Ultrasound System (ABUS) are used for obtaining 3D ultrasound images of breast for diagnosis of cancer tissue. Automated breast ultrasound systems are used for detection of breast cancer in cases where mammography is not sufficient for diagnosis. Automated Breast Ultrasound System scanning is a painless and quick process.

Key features of the study:

  • This report provides in-depth analysis of the Automated Breast Ultrasound System (ABUS) market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Automated Breast Ultrasound System (ABUS) market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, General Electric Co., Siemens AG, Hitachi Ltd., QT Ultrasound LLC, Ikonopedia, and SonoCiné Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Automated Breast Ultrasound System (ABUS) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Automated Breast Ultrasound System (ABUS) market

Detailed Segmentation:

  • Automated Breast Ultrasound System (ABUS) Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      •  
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • General Electric Co.*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Siemens AG
    • Hitachi Ltd.
    • QT Ultrasound LLC
    • Ikonopedia
    • SonoCiné Inc.

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Technological Advancements
    • Key Highlights
    • Product launch
    • Regulatory Scenario
    • PEST Analysis
    • Mergers and Acquisitions
  4. Global Automated Breast Ultrasound System (ABUS) Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • U.S.
        • Canada
    • Latin America
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • South Africa
        • Central Africa
        • North Africa
  5. Competitive Landscape
    • Company Profiles
      • General Electric Co.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hitachi Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • QT Ultrasound LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ikonopedia
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SonoCiné Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  6. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 36 market data tables and 32 figures on “Automated Breast Ultrasound System (ABUS) Market - Global forecast to 2027”.

Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner