The global automated breast ultrasound market size is expected to reach USD 4.49 billion by 2030, expanding at a CAGR of 13.6%. The rising incidence of this form of cancer, technological advancement, and various initiatives undertaken to raise awareness regarding cancer across the globe are expected to propel market growth.
Government, non-profit organizations, and various private companies are taking several initiatives to raise cancer awareness among women and men. The aim of these initiatives is to highlight the importance of cancer awareness and raise funds to support research on cancer treatment. For instance, the Estée Lauder Companies organized a breast cancer campaign in 2018 with an aim to inspire women suffering from cancer and to create awareness among people across the globe. This campaign was one of the largest corporate philanthropic initiative and was supported by the company’s employees. Furthermore, this campaign raised around USD 79.0 million, of which more than USD 65.0 million was utilized in 260 medical research grants through the Breast Cancer Research Foundation (BCRF) and in research, medical service, and education.
Such initiatives are expected to boost the demand for various automated ultrasound techniques for the screening of breast cancer, thereby propelling market growth. In addition, increasing prevalence of cancer across the globe is also anticipated to boost the demand for automated ultrasound systems. For instance, as per the Canadian Cancer Society in 2019, breast cancer is the most common cancer among Canadian women. Moreover, favorable reimbursement policies for cancer diagnosis and treatment are also expected to spur market growth.
Hospitals are the largest end users of automated ultrasound systems and this trend is likely to continue over the course of the forecast period. Favorable initiatives by governments and non-profit organizations and introduction of technologically advanced imaging equipment have driven this segment. North America is one of the most prominent markets, owing to high incidence of the chronic disease and growing awareness among patients regarding early screening and diagnosis.
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Government, non-profit organizations, and various private companies are taking several initiatives to raise cancer awareness among women and men. The aim of these initiatives is to highlight the importance of cancer awareness and raise funds to support research on cancer treatment. For instance, the Estée Lauder Companies organized a breast cancer campaign in 2018 with an aim to inspire women suffering from cancer and to create awareness among people across the globe. This campaign was one of the largest corporate philanthropic initiative and was supported by the company’s employees. Furthermore, this campaign raised around USD 79.0 million, of which more than USD 65.0 million was utilized in 260 medical research grants through the Breast Cancer Research Foundation (BCRF) and in research, medical service, and education.
Such initiatives are expected to boost the demand for various automated ultrasound techniques for the screening of breast cancer, thereby propelling market growth. In addition, increasing prevalence of cancer across the globe is also anticipated to boost the demand for automated ultrasound systems. For instance, as per the Canadian Cancer Society in 2019, breast cancer is the most common cancer among Canadian women. Moreover, favorable reimbursement policies for cancer diagnosis and treatment are also expected to spur market growth.
Hospitals are the largest end users of automated ultrasound systems and this trend is likely to continue over the course of the forecast period. Favorable initiatives by governments and non-profit organizations and introduction of technologically advanced imaging equipment have driven this segment. North America is one of the most prominent markets, owing to high incidence of the chronic disease and growing awareness among patients regarding early screening and diagnosis.
Automated Breast Ultrasound Market Report Highlights
- In terms of revenue, the automated breast ultrasound segment held the largest share in 2023 owing to the rising cases of cancer across the globe
- The diagnostics imaging laboratories segment is anticipated to witness the fastest growth rate over the forecast period owing to the increasing number of diagnostic centers and rising demand for imaging techniques for cancer treatment
- The Asia Pacific market is expected to witness the fastest growth over the forecast period owing to rising cases of cancer in women
The leading players in the Automated Breast Ultrasound market include:
- GE HealthCare.
- Koninklijke Philips N.V.
- Siemens Healthcare Private Limited
- CANON MEDICAL SYSTEMS CORPORATION
- TELEMED Medical Systems srl
- Hologic, Inc.
- SuperSonic Imagine
- Lunit Inc.
- Delphinus Medical Technologies, Inc.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Automated Breast Ultrasound Market Variables, Trends, & Scope
Chapter 4. Automated Breast Ultrasound Market: Product Estimates & Trend Analysis
Chapter 5. Automated Breast Ultrasound Market: End Use Estimates & Trend Analysis
Chapter 6. Automated Breast Ultrasound Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Automated Breast Ultrasound market include:- GE HealthCare.
- Koninklijke Philips N.V.
- Siemens Healthcare Private Limited
- CANON MEDICAL SYSTEMS CORPORATION
- TELEMED Medical Systems srl
- Hologic, Inc.
- SuperSonic Imagine
- Lunit Inc.
- Delphinus Medical Technologies, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.84 Billion |
| Forecasted Market Value ( USD | $ 4.49 Billion |
| Compound Annual Growth Rate | 13.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
