Automated Breast Ultrasound Systems Market Trends, Analysis and Forecast by 2025

Automated breast ultrasound systems market is forecasted to exceed USD 1.8 billion by the end of 2025, claims a new report published by Global Markets Insights Inc.



5 months ago | 3 min read

Automated breast ultrasound systems market is forecasted to exceed USD 1.8 billion by the end of 2025, claims a new report published by Global Markets Insights Inc. Recent innovations in the automated breast ultrasound system (ABUS) as a result of persistent technological advancements is likely to fuel the global ABUS industry growth in the upcoming years. These technical upgrades in ABUS are allowing deeper visibility into dense breast tissues leading to better cancer screening in genetically susceptible women.

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Currently, developed mammography system based on the principle of ABUS have proven to be extremely potent with enhanced cancer detection rate in dense-breasted women. For instance, GE Healthcare launched a new system named as Invenia 2.0 ABUS which is equipped with advanced algorithms and high-frequency reverse curve transducer that considerably improves the cancer detection rate. More such advancements in ABUS and new product launches from major players will spur the automated breast ultrasound systems market demand during the forecast timeframe.

Several non-profit and government organizations across the globe are working together to spread the awareness about breast cancer that can spur implementation of breast screening programs in the forthcoming years. For instance, BreastCheck in Ireland offers free mammography tests for women aged between 50 and 69. Numerous such favorable government initiatives coupled with rising awareness regarding the importance of early diagnosis of breast cancer will drive mass adoption of automated breast ultrasound system among the public and private healthcare providers.

Several healthcare facilities residing across the developed and developing nations in Europe and Asia Pacific region are undergoing a rapid transformation in the cancer treat, further augmenting automated breast ultrasound systems market growth. However, lack of healthcare expertise in some countries of the Asia Pacific along with high cost associated with automated breast ultrasound system is likely to hinder business growth, but huge investments made to improve the healthcare services will foster product penetration over the coming years.

Considering the product segmentation, automated breast volume scanner (ABVS) market registered a revenue share of over 43.0% in 2018. The segmental growth can be credited to high cancer detection rate in early stages along with the ongoing technological advancements in ABVS. As early detection of cancer is a key toward better treatment and elongation of life, increasing prevalence of breast cancer will fuel product demand. When ABVS works in combination with mammography system and breast imaging reporting and data system (BI-RADS), the screening results produced are highly accurate which eventually leads to better cancer care.

Automated Breast Ultrasound Systems Market from diagnostic imaging centers is predicted to grow at a significant pace with a presumed CAGR of over 16.6% through 2025. Increased establishment of diagnostic imaging centers in developed countries is a prime reason for such convincing growth prospects. These diagnostics centers have shown to consistently excel in their medical services by adopting advanced screening equipment to cater growing customer demand. Thereby, rising customer awareness regarding the advancements in diagnostics systems will encourage adoption of advanced ABUS among diagnostic imaging centers, subsequently boosting the automated breast ultrasound systems market share.

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Based on regional share, U.S dominated the global automated breast ultrasound system market by accounting for over 89.0% share in 2018. Increasing deployment of automated breast ultrasound systems accompanied by favorable government initiatives to spread the breast cancer awareness have well supported the regional growth. Furthermore, the region enjoys increasing presence of established market players which will highly impact the U.S. automated breast ultrasound systems market outlook in upcoming years.

About Global Market Insights
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