Automated Breast Ultrasound System Market share worth $2bn by 2024

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Global ABUS Market to grow at over 21 CAGR from
2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automated Breast Ultrasound
System Market

• Breast cancer prevalence is increasing globally.
  According to ACS estimates, more than 246,600 new
  cases of invasive breast cancer will have been
  diagnosed in 2016 in the U.S. alone.
• Introduction of advanced technologies has made it
  possible to detect small cancer tumors as well as
  dense breast tissue scanning. This technology has
  gained popularity due to its non-invasive,
  radiation-free, and three-dimensional imaging
  features for breast cancer diagnosis.
• Growing awareness through various programs and
  favorable government initiatives should fuel the
  automated breast ultrasound system market growth.
  Australian government launched breast cancer
  awareness campaign named Breast Cancer wont
  wait, everything else can for early diagnosis
  and effective treatment.

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Continued...

• Automated breast volume scanner (ABVS) market is
  slated to exceed USD 950 million by 2024, growing
  at more than 20 CAGR. ABVS holds benefits such
  as high reproducibility of images, reduced scan
  time, delivery of coronal view 3D images with
  high sensitivity 
• Strong capital investment trends along with high
  maintenance cost, unattractive reimbursement
  policies, and awareness regarding consequences of
  exposure to radiation could restrain automated
  breast ultrasound system market growth.
• Key automated breast ultrasound system market
  companies include GE Healthcare, Siemens,
  Hitachi, SonoCine, and Philips Healthcare. The
  market players exhibit a fierce competition in
  the product price, quality, innovation, service,
  reputation, distribution and promotion.

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U.S. Automated Breast Ultrasound System Market
size, by Product, 2012 - 2024 (USD Mn)

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360 Analysis

• Product Analysis
• Automated breast ultrasound system (ABUS)
  captured the largest revenue share of over 48 in
  2015, with estimated market size projected to
  cross USD 1.1 billion by 2024. The largest share
  of ABUS should be attributed to the rising
  product penetration owing to its benefits such as
  quick turnaround time, affordability of devices,
  accurate diagnostic results, and operations
  without continuous operator monitoring.
• Regional Analysis
• U.S. automated breast ultrasound system market
  share held the largest regional revenue share in
  2015. High breast cancer prevalence and favorable
  government initiatives stimulated industry
  growth. Additionally, growing awareness for
  cancer screening, and rapid adoption of
  technological developments should further
  complement automated breast ultrasound system
  market growth.
• Competitive Market Share
• Key automated breast ultrasound system market
  companies include GE Healthcare, Siemens,
  Hitachi, SonoCine, and Philips Healthcare. The
  market players exhibit a fierce competition in
  the product price, quality, innovation, service,
  reputation, distribution and promotion.

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