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North America Automated Breast Ultrasound Systems Market to hit $464mn by 2024

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According to the Graphical Research new growth forecast report titled “North America Automated Breast Ultrasound Systems (ABUS) Market analysis based on Product, End-Use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 - 2024”, estimated to exceed USD 464 million by 2024.

Increasing prevalence of breast cancer in the U.S. & Canada is set to drive the demand for automated breast ultrasound systems in the forthcoming years. As per Canadian Cancer Society, in 2016, approximately 130.1 cases per 1,00,000 women were diagnosed with breast cancer in Canada. This will fuel demand for advanced breast imaging technologies that enable efficient treatment to cater to ever increasing burden of breast cancer in the region.

Limited efficacy of mammography when visualizing dense breast tissue in women due to its masking effect for tumor detection will further act as a growth rendering driver for automated breast ultrasound systems market. However, high cost of automated breast imaging systems will hamper business growth over the coming years.

Automated breast volume scanners (ABVS) segment will grow at remarkable 16.6% CAGR over the forecast period. Early detection of breast cancer due to rapid acquisition of high-resolution images of dense breast in few minutes will augment segmental share in the coming years.

Diagnostic imaging centers segment was valued at USD 66.0 million in 2017 and is expected to witness considerable growth over the forecast period. Presence of popular diagnostic imaging centers in the U.S. providing quality care to patients will favor segmental growth. For instance, PINK Breast Cancer has completed over 1,00,000 examinations and adopts latest digital equipment for providing effective treatment to patients in the country. Such factors will boost market size over the upcoming timeframe.

U.S. will drive North America ABUS market with revenue share exceeding 89% in 2017. Canada will grow at a robust 26.0% CAGR over the forecast time. Rising incidence of breast cancer in the country along with favorable government initiatives such as Canadian Breast Cancer Initiative will increase awareness levels. This will further lead to rise in adoption of automated breast ultrasound systems in Canada.

Some of the major industry players operating in North America automated breast ultrasound systems include GE Healthcare, Koninklijke Philips N.V., Hitachi Ltd., Siemens AG and SonoCine Inc. Prominent players are focused on advent of novel technologies for enhancing their product portfolio and market expansion.

Segments we Cover:

North America ABUS Market, By Product

  • Automated Breast Ultrasound System (ABUS)
  • Automated Breast Volume Scanner (ABVS)
  • Others

North America ABUS Market, By End-use

  • Hospitals
  • Diagnostic imaging centers

The above information is provided for the following countries:

  • U.S.
  • Canada