Automated Breast Ultrasound Systems Market Is Likely to Experience a Strong Growth

Stratview Research delivers key insights on the global Automated Breast Ultrasound Systems Market. According to Stratview Research, the market is segmented By Product (Automated Breast Ultrasound System (ABUS), Automated Breast Volume Scanner (ABVS)), Application (Hospitals and Diagnostic Centers, Clinics, Ambulatory Surgical Centers), and Region.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.

Market Insights

The report suggests that the overall Automated Breast Ultrasound Systems market is projected to grow from USD 591.3 million in 2020 to USD 1431.0 million by 2026 at a CAGR of around 16.1% during the forecast period.

Market Segments' Analysis

By application, the automated breast ultrasound systems market has been bifurcated into hospitals and diagnostic centers, clinics, and ambulatory surgical centers. Under these, the hospitals and diagnostic centers segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required infrastructure and skilled staff in hospitals.

By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high adoption rate of advanced technologies in the healthcare industry coupled with the presence of key market players such as GE Healthcare (US) and SonoCiné Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by the rising number of people suffering from cancer.

Key Players

The following are some of the key players in the Automated Breast Ultrasound Systems Market:

• GE Healthcare (US)
• Hitachi, Ltd. (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Siemens AG (Germany)
• SonoCiné Inc. (US)
• Qview Medical (US)
• Seno Medical Instruments (US)
• Volpara Solutions Limited (New Zealand)
• Delphinus Medical Technologies, Inc. (US)
• CapeRay (South Africa)
• SuperSonic Imagine, Inc. (France)
• Nova Medical Inc (US)
• Theraclion (France)
• Metritrack Inc (US)
• Toshiba Corporation (Japan)

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

• What is the global demand for Automated Breast Ultrasound Systems Market in terms of revenue?
• Which are the prominent players in the market?
• At what CAGR is the market projected to grow within the forecast period?
• What are the driving factors fuelling the growth of the market?
• Which region accounted for the largest share in the market?
• How did the Covid19 impacted the market?
• How long will it take to recover from the Covid impact?

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