Automated Breast Ultrasound Systems Market to boost due to Increased Government Initiatives
The automated breast ultrasound system is a radiation-free, painless, non-invasive and safe 3D breast imaging procedure used for early identification of breast cancer. It is designed to obtain sonographic image of the breast by scanning the entire breast with the help of a broadband transducer to collect 3D data. This device uses automated process to acquire 3D images at high frequency scanning process. The growing incidences of breast cancer and rising technological advancement globally are major growth drivers, which are expected to drive the automated breast ultrasound systems market demand during the forecast period. Expanding radiology industry along with increasing investment on R&D to develop various imaging techniques will further aid in the growth of the market over the coming years.
This system facilitates faster scan time, lesser operator dependence, higher reproducibility, more reliability, better consistency and sensitivity of individual breast ultrasound diagnosis. As per the report “Global Automated Breast Ultrasound System Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast
” recently updated by DecisionDatabases.com the rising patient awareness coupled with increasing government initiatives towards the breast cancer awareness is the major factor pushing this market uphill. Growing focus of major companies to expand their market in the emerging economies with increasing prevalence of breast cancer is anticipated to boost market demand in the near future. Growing number of hospitals and various imaging diagnostic centers mainly for cancer patients will have a positive impact on the growth of the market. Increasing application scope in hospitals, diagnostic laboratories and research institutes are expected to fuel the market growth globally. However, shortage of expertise, high risk from radiation exposure and high manufacturing & maintenance cost of MRI are some of the key restraints, which can negatively impact the growth of the market in the forthcoming years. Although, high offerings of this process such as expanding 3D images and coronal view, low turnaround time and high assurance of better diagnostic results are expected to promote the market at the global level.
The global market has been segmented based on application into hospitals, research labs and diagnostic laboratories.
North America dominated the market and is expected to continue its dominance over the forecast period owing to the extensive technological advancement and presence of major market player in this region.
Europe is followed by North America and is projected to grow at a significant rate over the coming years on account of increasing geriatric population and favorable government regulations in the region. Asia Pacific is a fastest growing market and is anticipated to grow at the highest CAGR over the forecast period due to the increasing consumer awareness towards diagnosing breast cancer at the primary stage to avoid associated risks along with high expenditure on R&D activities to improve technologies for more accurate, especially in the Japan, China, and India. The key industry players include General Electric Co. (GE), Siemens AG, Hitachi Ltd. and SonoCiné Inc.
In June 2014, GE Healthcare has launched their smart breast imaging technology, the Invenia ABUS, along with the FDA approval for superior patient experience and more precise diagnosis than mammography.
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