Automated Breast Ultrasound System Market Competitive Growth Strategies Based on Type, Applications, End User and Region
Future Market Insights delivers key insights and presents a revised forecast of the global automated breast ultrasound Systems market for a 10 year period from 2017 to 2027 for the report titled “Automated Breast Ultrasound System Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027.” The revision in the market size and forecasts have been carried out taking into account the impact of various macroeconomic indicators and other industry-based demand-driving factors, as well as the recent developments of key market participants. The global automated breast ultrasound system market is projected to expand at a healthy CAGR of 6.8% in terms of value during the forecast period, revised from the previous CAGR of 8.1%, due to factors regarding which FMI offers useful insights in detail in this report.
The global automated breast ultrasound system is expected to increase at a CAGR of over 6.8% and reach US$ 212.8 Mn in revenues in 2027. North America and APEJ has collectively accounted for nearly 55.6% revenue share of the automated breast ultrasound system in 2016. The growing number of cancer treatment cases and increasing real time result analysis with the advent of imaging techniques has led to a threefold increase in the demand for automated breast ultrasound system and services. Due to the dominant features and advantages, the automated breast ultrasound system, is preferred by hospitals, followed by diagnostic imaging laboratories.
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Asia Pacific and MEA regions are the highest population regions. The rapidly developing health care infrastructure and increasing medical tourism in these regions is expected to play an important role in driving growth of global automated breast ultrasound system market.
Increasing demand for high end, automated breast ultrasound system from end users, such as hospitals and diagnostic imaging laboratories for better throughput and performance will generate opportunities for launching of novel ultrasound techniques and services in the market over the long run and drive the growth of the global automated breast ultrasound system market. Ultrasound services help in increasing the throughput at a remarkable speed and with precise motion and consistency in report generation. The growing number of cancer treatment cases and real time result analysis has led to a threefold increase in demand for automated ultrasound system for breast with advanced software and services.
For ultrasound imaging, various compatible solutions are available which ensure everything is in place to support smooth implementation on the platform. The increasing strategic consolidation activities such as service agreements, technology transfer and collaborations among service providers and end users, is also expected to bolster the growth of the global automated breast ultrasound system market.
Hospitals segment will remain the largest segment by the end user, accounted for over 55.4% revenue share of the market in 2016. The hospital segment is estimated to reflect a market valuation of US$ 120 Mn by the end of the year of assessment and is projected to grow at a CAGR of 7% during the forecast period. The increasing demand of automated breast ultrasound system at end users such as hospitals & diagnostic imaging laboratories is anticipated to register a significant growth over the forecast period.
The developing medical industry in respect to advanced infrastructure and increasing medical tourism in the developing countries from the APEJ such as China, India will continue to have a positive impact on automated breast ultrasound system market in APEJ. An ease-of-use and economic convenience in the North America and Western Europe is anticipated to boost the growth of the automated breast ultrasound system market over a forecast period. The rise in discretionary funding for the research and development activities for the advanced and cost effective medical devices and integration services will also drive the market in the North America and Western Europe regions. MEA is at a nascent stage in the global automated breast ultrasound system market and is expected to show a moderate growth over a forecast period.
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GE Healthcare, Hitachi, Ltd., Siemens AG, Koninklijke Philips N.V. and Delphinus Medical Technologies, Inc are some of the key players in the global automated breast ultrasound system market. Companies in the global automated breast ultrasound system market are focusing on strategic alliances such as strategic agreements, collaborations, rising research and development activities, new product launches, joint ventures, partnerships, and mergers & acquisitions to sustain in the overall competition in the lab automation market.
Automated Breast Ultrasound Systems – Competitive Landscape
Key market players in automated breast ultrasound system market are focusing on installing ABUS in hospitals and diagnostics center in order to expand their global footprint. They are also working towards developing the accuracy of automated breast ultrasound system for faster assessment of cancer screening in addition to getting government approval for their products. For instance:
- Hitachi being the global leader in smart life & eco-friendly systems launched its latest automated breast ultrasound system “SOFIA” capable of scanning and acquiring image of the complete breast.
- Koninklijke launched Philips EPIQ and Affiniti ultrasound systems as a part of its automated breast ultrasound system product range. Philips EPIQ is laced with an integrated eL18-4 transducer and employs anatomical intelligence for accurate imaging of the breast with high tissue density.
- Siemens Healthineers AG introduced a new automated breast ultrasound system “ACUSON S2000 ABVS” as a part of its imaging, diagnostics segment with 3D imaging feature required to find the lesions in fatty and dense breast tissue.
Automated breast ultrasound system named “AWBUS” made by SonoCiné is capable of providing repeated scans of whole breast with same consistency and accuracy necessary for accurate detection of cancer.
Future Market Insights has also analyzed the following players in the automated breast ultrasound system market in its detailed report*:
- GE Electric Co.
- Siemens A.G.
- Hitachi Ltd.
- SonoCiné Inc.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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