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Global Automated Breast Ultrasound Systems(ABUS) Market 2019-2023

Global Automated Breast Ultrasound Systems(ABUS) Market 2019-2023

About this market

The lack of efficacy in breast diagnostic imaging and the need to reduce false-positive biopsies are leading companies to focus on product range expansion by developing next-generation and integrated ABUS. End-users are focusing on providing specialized care and treatment. Hence, many end-users are installing newly launched ABUS in their diagnostic units. The increasing number of ABUS launches and integrated tools for ABUS will drive market growth during the forecast period. Technavio’s analysts have predicted that the automated breast ultrasound systems (ABUS) market will register a CAGR of more than 14% by 2023.

Market Overview

Increasing demand for breast imaging products owing to growing prevalence of breast cancer cases

The growing number of breast cancer cases is boosting the demand for ABUS. Factors such as increasing age, a family history of breast cancer, radiation exposure, and post-menopausal hormone therapy can lead to breast cancer. Oncologists prefer using breast imaging products such as ABUS due to their efficacy in diagnostic results. With the growing number of breast cancer cases globally, the need for ABUS increases, thereby boosting market growth.

Product recall of ABUS due to labeling and design issues

End-users rely on companies that provide high-quality products, which can provide efficacious results. However, if any product enters the market with a deformity, it is either recalled by the firm that has developed it or regulatory bodies such as the US FDA and the Therapeutic Goods Administration (TGA). Product recalls can affect the brand image of the company and can lead to a reduction in sales revenue.

For the detailed list of factors that will drive and challenge the growth of the automated breast ultrasound systems (ABUS) market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


Press Release

Technavio Announces the Publication of its Research Report – Global Automated Breast Ultrasound Systems (ABUS) Market 2019-2023

Technavio recognizes the following companies as the key players in the global automated breast ultrasound systems (ABUS) market: GE Healthcare, Hitachi, Ltd., Koninklijke Philips N.V., Siemens Healthineers AG, SonoCiné.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the funding and capital investments for the development of ABUS.”

According to the report, one of the major drivers for this market is the expansion of next generations ABUS and integration tools through product launches.

Further, the report states that one of the major factors hindering the growth of this market is the high cost of ABUS scanning and presence of low- cost alternatives.

Companies Mentioned

GE Healthcare

Hitachi, Ltd.

Koninklijke Philips N.V.

Siemens Healthineers AG

SonoCiné

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical imaging market
      • Table Segments of global medical imaging market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Hospitals and clinics - Market size and forecast 2018-2023
      • Table Hospitals and clinics - Market size and forecast 2018-2023 ($ millions)
      • Table Hospitals and clinics - Year-over-year growth 2019-2023 (%)
    • Diagnostic centers - Market size and forecast 2018-2023
      • Table Diagnostic centers - Market size and forecast 2018-2023 ($ millions)
      • Table Diagnostic centers - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
      • Table Breast cancer cases in US states
      • Table ABUS launches by companies and market impact analysis
    • Market challenges
      • Table Product recalls: Overview
      • Table Impact of drivers and challenges
  • Market trends
    • Funding and capital investments for the development of ABUS
    • Growing focus on courses and medical exhibition for breast imaging products
    • Growing focus on development of integrated and innovative ABUS
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • GE Healthcare
      • Table GE Healthcare - Vendor overview
      • Table GE Healthcare - Business segments
      • Table GE Healthcare - Organizational developments
      • Table GE Healthcare - Geographic focus
      • Table GE Healthcare - Segment focus
      • Table GE Healthcare - Key offerings
      • Table GE Healthcare - Key customers
    • Hitachi, Ltd.
      • Table Hitachi, Ltd. - Vendor overview
      • Table Hitachi, Ltd. - Product segments
      • Table Hitachi, Ltd. - Organizational developments
      • Table Hitachi, Ltd. - Geographic focus
      • Table Hitachi, Ltd. - Segment focus
      • Table Hitachi, Ltd. - Key offerings
      • Table Hitachi, Ltd. - Key customers
    • Koninklijke Philips N.V.
      • Table Koninklijke Philips N.V. - Vendor overview
      • Table Koninklijke Philips N.V. - Business segments
      • Table Koninklijke Philips N.V. - Organizational developments
      • Table Koninklijke Philips N.V. - Geographic focus
      • Table Koninklijke Philips N.V. - Segment focus
      • Table Koninklijke Philips N.V. - Key offerings
      • Table Koninklijke Philips N.V. - Key customers
    • Siemens Healthineers AG
      • Table Siemens Healthineers AG - Vendor overview
      • Table Siemens Healthineers AG - Business segments
      • Table Siemens Healthineers AG - Organizational developments
      • Table Siemens Healthineers AG - Geographic focus
      • Table Siemens Healthineers AG - Segment focus
      • Table Siemens Healthineers AG - Key offerings
      • Table Siemens Healthineers AG - Key customers
    • SonoCiné
      • Table SonoCiné - Vendor overview
      • Table SonoCiné - Organizational developments
      • Table SonoCiné - Key offerings
      • Table SonoCiné - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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