The most common cancer among women is breast cancer and the primary cause of death among women. Automated Breast Ultrasound System is specifically designed for breast cancer screening for asymptomatic women. Global Automated Breast Ultrasound System (ABUS) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe.
The factors that propel the growth of the Automated Breast Ultrasound System (ABUS) Market include increasing demand, technological innovations, rising prevalence of breast cancer and growing research & development undertakings. In addition, factors such as changes in lifestyle, environmental chemicals, and growing unhealthy habits like smoking and drinking alcohol significantly fuel the market growth.
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On the other hand, there are also factors that may hamper the growth of the market such as huge initial capital investment and lack of reimbursement in many regions. Automated Breast Ultrasound System (ABUS) Industry is classified on the basis of product type, applications, distribution channel and geography. Automated Breast Ultrasound System (ABUS) Market is segmented by product type as Automated Breast Ultrasound System, Automated Breast Volume Scanner and others.
Automated Breast Ultrasound System (ABUS) Industry is classified on applications as hospitals, diagnostic imaging centres and others. Among applications, hospital segment is expected to register a large share of the Automated Breast Ultrasound System (ABUS) Industry. Automated Breast Ultrasound System (ABUS) Market is segmented by distribution channel as online stores, specialty stores and others. Automated Breast Ultrasound System (ABUS) Industry is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.
By geography, North America is projected to account a major share of the Automated Breast Ultrasound System (ABUS) Market. The key factors that attribute to the growth of this region is due to growing awareness, rapid adoption of technological developments and well established healthcare infrastructure & facilities.
Some of the key players that fuel the growth of the Automated Breast Ultrasound System (ABUS) Market include Fujifilms Holding, GE, Hitach, Koninklijke Philips, SonoCine, Siemens, Toshiba Company, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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