Breast Ultrasound Market size is expected to expand from USD 2.73 Billion in 2023 to USD 6.1 billion by 2033, at a compound annual growth rate (CAGR) of 7.7% throughout the forecast period.
The breast ultrasound market is a part of the medical imaging industry that focuses on the development, production, and distribution of ultrasound devices and technology specifically designed for breast imaging and diagnostics. Breast ultrasonography, a non-invasive medical imaging technology, employs high-frequency sound waves to produce fine-grained pictures of breast tissue. Breast ultrasonography is used for both diagnosis and screening for breast cancer. It is particularly beneficial for evaluating breast irregularities detected through routine mammography or clinical breast exams.
Breast ultrasonography considerably aids in the early detection of breast cancer, especially in women with thick breast tissue. This technique can detect small cancers that would not be detected by mammography alone. Breast ultrasound is widely used in conjunction with mammography for screening in high-risk women and as a secondary technique for monitoring known breast abnormalities such as cysts or tumours.
The development of high-frequency transducers and sophisticated imaging algorithms has increased the resolution of breast ultrasound images. This allows for a clearer view of small lesions and other abnormalities in breast tissue. Radiologists can use AI algorithms to examine breast ultrasound images, enhancing diagnostic precision and efficacy. AI can help with anomaly detection and classification, reducing the risk of human error.
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Beyond the initial purchase, maintaining and servicing modern breast ultrasound equipment can be costly. This includes routine maintenance, upgrades, and repairs, which can tax the resources of healthcare providers. To use advanced breast ultrasound machines successfully, healthcare staff must receive specialist training. Healthcare facilities may have to spend a lot of money on personnel training and continuing education. In some places, reimbursement rates for breast ultrasonography operations may not cover the high upfront and ongoing costs associated with advanced instruments.
Insights by Product
The automated breast ultrasound segment accounted for the largest market share over the forecast period 2024 to 2033. As they create detailed, high-resolution images of the entire breast, ABUS devices identify breast cancer at a higher rate than conventional hand-held ultrasound. This function is especially beneficial for women with dense breast tissue, for whom mammography alone may be ineffective. As awareness of mammography's limitations in identifying breast cancer in women with dense breast tissue has grown, so has the desire for other imaging modalities such as ABUS.
Insights by End Use
The hospitals segment is expected the dominate the market over the forecast period 2024 to 2033. Hospitals usually provide comprehensive breast care services such as breast cancer screening, diagnosis, surgery, and therapy. Breast ultrasonography is an important component of these services, which contributes to the market's growth. To provide patients with cutting-edge technology and high-quality imaging, hospitals must invest in cutting-edge breast ultrasound equipment. Hospitals have the necessary money and infrastructure.
Insights by Region
North America is anticipated to dominate the Breast Ultrasound market from 2024 to 2033. Breast cancer is a widespread disease in North America, with a high incidence rate among women. As a result, the need for breast imaging technologies such as ultrasonography for screening, diagnosis, and monitoring has skyrocketed. North American medical technology innovation is well-known. As a result, the industry frequently adopts and develops cutting-edge breast ultrasound technologies such as complex imaging methodologies and AI-powered solutions.
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Asia Pacific is witnessing the fastest market growth between 2024 to 2033. The main reasons of this increase include the region's large and diverse population, as well as rising healthcare expenses. Breast cancer cases are increasing in several APAC countries, particularly in China and India, where the disease is growing more prevalent. As a result, ultrasonography and other breast cancer detection methods are in higher demand.
Table of Contents (TOC) of Report:
Chapter 1. Methodology
• Market Definition
• Study Assumptions
• Market Scope
• Segmentation
• Regions Covered
• Base Estimates
• Forecast Calculations
• Data Sources
• Primary
• Secondary
Chapter 2. Executive Summary
Chapter 3. Breast Ultrasound Market Insights
• Market Overview
• Market Drivers & Opportunity
• Market Restrains & Challenges
• Regulatory Landscape
• Ecosystem Analysis
• Technology & Innovation Outlook
• Key Industry Developments
• Partnership
• Merger/Acquisition
• Investment
• Product Launch
• Supply Chain Analysis
• Porter's Five Forces Analysis
• Threat of New Entrants
• Threat of Substitutes
• Industry Rivalry
• Bargaining Power of Suppliers
• Bargaining Power of Buyers
• COVID-19 Impact
• PESTLE Analysis
• Political Landscape
• Economic Landscape
• Social Landscape
• Technology Landscape
• Legal Landscape
• Environmental Landscape
• Competitive Landscape
• Introduction
• Company Market Share
• Competitive Positioning Matrix
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