Automated Breast Ultrasound Systems Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The Automated Breast Ultrasound Systems market is projected to grow from USD 1.57 billion in 2021 to USD 4.45 billion by 2028 at a CAGR of around 15.85% during the forecast period.

The growth of the global automated breast ultrasound systems market is primarily driven by the rising number of women suffering from breast cancer. Cancer is the second leading cause of death worldwide and breast cancer is one of the most commonly occurring cancers in women. Growing inclination toward a sedentary lifestyle has also resulted in the rising number of cancer patients. In addition to this, the rising demand for advanced technologies for cancer detection and diagnosis is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Market Segments' Analysis

According to Stratview Research, the Automated Breast Ultrasound Systems 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.

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.

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