Introduction of the Breast Ultrasound Market Report

The breast ultrasound is an imaging test that a doctor may order to check for tumors or other breast abnormalities. This test utilizes high-frequency sound waves to produce detailed images of the inside of the breast. To conduct a conventional breast ultrasound, a healthcare professional uses a handheld device called a transducer to create images of the breast.

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Market Dynamic

Key Drivers and Emerging Trends

The major factors driving the growth of the breast ultrasound market include advancements in the technological field, the rising rates of breast cancer, the increasing number of screening programs as well as rising number of conferences and symposiums emphasizing spreading awareness about the benefits of early screening and diagnosis. The rising prevalence of breast cancer all over the globe is anticipated to fuel the product demand. Cancer is the second most leading cause of death across the globe, and breast cancer is one of the most commonly diagnosed diseases among women. According to the World Health Organization (WHO), breast cancer impacts approximately 2.1 million women every year. In 2020, there were 2.3 million women detected with breast cancer and 685 000 deaths in the world. At the end of 2020, there were 7.8 million women alive who were detected with breast cancer in the past five years, making it the most prevailing cancer in the world. Such a high incidence rate is forecasted to stimulate the breast ultrasound market size. The rise in monotonous lifestyles, obesity, and changes in eating habits are some of the major factors responsible for breast cancer. Furthermore, the rising consumption of alcohol is also expected to increase the risk of the disease. The risk rises by around 7%-12% per unit of alcohol consumption per day. Moreover, due to the rising prevalence, the key companies are manufacturing technologically advanced equipments to strengthen their foothold in the breast ultrasound market. For example, in 2018, GE Healthcare launched Invenia Automated Breast Ultrasound (ABUS) 2.0 in the U.S. This equipment was specifically designed to detect tumors in dense breast tissues.

Restraint in the Breast Ultrasound Market

However, the rising adoption of technologically advanced equipments for better diagnosis is resulting in the high cost of ultrasound tests which is a major restraining factor for the breast ultrasound market growth.

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Product – Segment Analysis

Based on the Product, the Automated segment is expected to grow at a higher CAGR during the forecast period. The growth of this segment can be attributed to the availability of a huge number of products, equipments, rapid technological advancements, and user-friendly features of this device. Automated breast ultrasound (ABUS) is a development in the technological field of ultrasound imaging that was developed to overcome the concern of operator dependence of conventional ultrasound scanning by standardization of the images acquired. This is obtained by volumetric acquisition of multiple ultrasound images of the breast that can be saved and post-processed, i.e., 3D and multiplaner reformatting, for later reading and evaluation. Despite the fact that automated breast ultrasound (ABUS) has been around for more than a decade yet conventional systems provided poor image quality for proper interpretation. Recent technological developments in ABUS systems with the installation of high-frequency transducers allowed for the reproduction of pictures with superior quality in a short time as well.

End-Use – Segment Analysis

Based on the End-Use, Diagnostics Imaging Laboratories segment is expected to grow at a high CAGR during the forecast period. The growth of this segment can be attributed due to the rising number of diagnostic centers, increasing demand for imaging techniques, and the high global prevalence of breast cancer among women. Moreover, diagnostic imaging assists doctors in analyzing the condition and determine the medical course. Hence, such factors are expected to further boost the growth of the segment.

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Regional – Segment Analysis:

Based on the region, the North-America region is projected to dominate the market during the forecast period. For instance, as per Breastcancer.org, around 12.0% of women are diagnosed with invasive breast cancer over the course of their lifetime. In 2021, an estimated 281,550 new cases of invasive breast cancer are expected to be detected in women in the U.S., along with 49,290 new cases of non-invasive (in situ) breast cancer. As of January 2021, there were more than 3.8 million women with a past history of breast cancer in the U.S.; this comprises women currently being treated and those who have finished treatment. Breast cancer is the most commonly prevalent cancer among American women. In addition to that, in 2021, it’s estimated that about 30% of newly diagnosed cancers in women will be breast cancers. Such a high instance is forecasted to drive the regional breast ultrasound market share during the forecast period.

Top Market Players

Various notable players operating in the market include GENERAL ELECTRIC, Hitachi, Ltd., Koninklijke Philips N.V., Siemens Healthcare GmbH, TELEMED Medical Systems, CANON MEDICAL SYSTEMS CORPORATION, FUKUDA DENSHI, Hologic, Inc., CMR Naviscan, Supersonic Imagine, among others. 

Key Developments:

• • In 2019, Hologic, Inc. procured 46.0% share of Supersonic Imagine to combine the latter’s ultrasound technology and product with its resources to offer better and technologically advanced products to breast cancer patients. This acquisition is anticipated to increase the Hologic’s foothold in the near future.
  • In 2018, CMR Naviscan and the Mayo Clinic signed an exclusive licensing and commercialization agreement for a group of molecular breast imaging technologies developed at Mayo Clinic.
  • In 2019, Supersonic Imagine announced the new generation of its Aixplorer Mach 30 breast ultrasound solution at the Society of Breast Imaging/American College of Radiology (SBI/ACR) Breast Imaging Symposium in Hollywood. It is equipped with the next generation of ShearWave Plus (SWE Plus) elastography and provides an advanced breast imaging solution with enhanced speed of acquisition.

Segments covered in the Report:

The global Breast Ultrasound market has been segmented on the basis of Product, End-Use, and regions. Based on Product, the market is segmented into Conventional and Automated. Based on End-Use, the market is segmented into Hospital and Diagnostics Imaging Laboratories. 

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Key questions answered in this research report:

• • At what pace is global Breast Ultrasound market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Breast Ultrasound market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Breast Ultrasound market?
  • Which Product generated maximum revenues in 2020 and identify the most promising Product during the forecast period?
  • What are the various End-Use areas of global Breast Ultrasound market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	GENERAL ELECTRIC, Hitachi, Ltd., Koninklijke Philips N.V., Siemens Healthcare GmbH, TELEMED Medical Systems, CANON MEDICAL SYSTEMS CORPORATION, FUKUDA DENSHI, Hologic, Inc., CMR Naviscan, Supersonic Imagine, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Breast Ultrasound Market by Product

• • Conventional
  • Automated

Global Breast Ultrasound Market by End-Use

• • Hospital
  • Diagnostics Imaging Laboratories

Global Breast Ultrasound Market by Region

• • North America Breast Ultrasound Market (Option 1: As a part of the free 25% customization)
    • North America Breast Ultrasound Market by Product
    • North America Breast Ultrasound Market by End-Use
    • US Breast Ultrasound Market All-Up
    • Canada Breast Ultrasound Market All-Up
  • Europe Breast Ultrasound Market (Option 2: As a part of the free 25% customization)
    • Europe Breast Ultrasound Market by Product
    • Europe Breast Ultrasound Market by End-Use
    • UK Breast Ultrasound Market All-Up
    • Germany Breast Ultrasound Market All-Up
    • France Breast Ultrasound Market All-Up
    • Spain Breast Ultrasound Market All-Up
    • Rest of Europe Breast Ultrasound Market All-Up
  • Asia-Pacific Breast Ultrasound Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Breast Ultrasound Market by Product
    • Asia-Pacific Breast Ultrasound Market by End-Use
    • China Breast Ultrasound Market All-Up
    • India Breast Ultrasound Market All-Up
    • Japan Breast Ultrasound Market All-Up
    • Rest of APAC Breast Ultrasound Market All-Up
  • RoW Breast Ultrasound Market (Option 4: As a part of the free 25% customization)
    • RoW Breast Ultrasound Market by Product
    • RoW Breast Ultrasound Market by End-Use
    • Brazil Breast Ultrasound Market All-Up
    • South Africa Breast Ultrasound Market All-Up
    • Saudi Arabia Breast Ultrasound Market All-Up
    • UAE Breast Ultrasound Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Breast Ultrasound Market All-Up

Major Players Operating in the Breast Ultrasound (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • GENERAL ELECTRIC
  • Hitachi, Ltd.
  • Koninklijke Philips N.V.
  • Siemens Healthcare GmbH
  • TELEMED Medical Systems
  • CANON MEDICAL SYSTEMS CORPORATION
  • FUKUDA DENSHI
  • Hologic, Inc.
  • CMR Naviscan
  • Supersonic Imagine