Breast Ultrasound Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- July 2038
- Medical Equipments
- 0 pages
Global Breast Ultrasound Systems Market: Overview
Breast cancer is the most common form of cancer observed in the global female population. Risk of breast cancer increases with age. The disease is commonly observed among women who are 40 years of age and above. Morbidity rates of breast cancer are increasing more rapidly in developed countries as compared to developing countries. On the other hand, mortality rates of breast cancer are higher in developing countries due to lack of awareness and lack of availability of health care facilities. According to World Health Organization (WHO) statistics published in December 2013, 1.7 million i.e. 11.9% of the world’s female population has been diagnosed with breast cancer globally in 2012. Breast imaging products are used by health care professionals, especially by radiologists and oncology hospital technicians, for the diagnosis of breast cancer and monitoring of breast cancer therapy. Incidence of breast cancer is rapidly increasing with the aging of the population and increased use of hormone replacement therapy (HRT). This has resulted in increased need for breast imaging diagnostic solutions worldwide. Breast ultrasound systems are used to detect cancer or other conditions using sound waves. Transducers, which emit sound waves in the body and collect their echoes, are placed on the skin surface. Echoes thus collected are then converted into black and white images with the help of computer software and displayed on the computer screen. Breast Ultrasound Systems is used along with mammography due to its wide availability and lowe cost as compared to MRI technique.
Global Breast Ultrasound Systems Market: Drivers and Restraints
Breast ultrasound is not independently recommended in breast cancer diagnosis and is commonly used on a specific area of inspection. Sonography enables differentiation of cysts and solid masses. It also enables differentiation between cancerous and non-cancerous (benign) tumors. Ultrasound is also observed to be beneficial in diagnosis among women with very dense breasts. It is sometimes used in breast biopsies as a guiding tool during the procedure. Ultrasound technique is an old and well-established technique. Therefore, awareness about it is higher as compared to other available techniques. Lower cost, high rate of awareness, and wide availability are some of the factors driving the breast ultrasound systems market. The global breast ultrasound systems market is rapidly expanding due to factors such as high incidence of breast cancer, aging demographics, and government initiatives to spread awareness regarding breast cancer and its diagnosis. However, stringent regulatory approval procedures, lack of awareness, and lack of reimbursement coverage restrict the expansion of the global breast ultrasound systems market.
Global Breast Ultrasound Systems Market: Key Segments
The global breast ultrasound systems market can be segmented based on technology, application, end-user, and region. Based on technology, the global breast ultrasound systems market can be categorized into breast sonography and automated whole breast ultra sound. In terms of application, the global breast ultrasound systems market can be divided into screening and diagnostics. Based on end-user, the global breast ultrasound systems market can be classified into hospitals, ambulatory surgical units, and diagnostic centers.
In terms of region, the global breast ultrasound systems market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America currently dominates the global breast ultrasound systems market due to certain advantages such as highly developed health care infrastructure, well- defined government regulations, and high level of awareness about breast cancer among the general population. In addition, rise in awareness about breast cancer in countries of Asia Pacific such as China, India, Japan, and Australia among others is likely to augment the breast ultrasound systems market in the near future.
Global Breast Ultrasound Systems Market: Key Players
Key players operating in the global breast ultrasound systems market include Hologic, Inc., Philips Healthcare, Siemens Healthcare Corporation, and SonoCine, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
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