The global Breast Ultrasound Market has been growing rapidly, driven by the desire for early and precise diagnosis due to the increased prevalence of breast cancer worldwide. In 2022, the market was valued at USD 1.25 billion and is projected to reach USD 2.14 billion by 2032, with a revenue CAGR of 5.9% during the forecast period.
Breast ultrasonography is a non-invasive imaging technique that employs sound waves to create pictures of breast tissue, making it a safe and affordable approach for breast cancer screening, particularly for women with dense breast tissue or those at high risk of developing breast cancer.
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The market's revenue growth is being driven by the increasing use of breast ultrasonography for breast cancer detection and screening. Advanced Breast Ultrasound devices with capabilities such as automated Breast Ultrasound and 3D imaging are further driving market growth by improving breast cancer detection accuracy and visualization.
Key players in the Breast Ultrasound Market –
- General Electric Company
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Hologic Inc.
- Fujifilm Holdings Corporation
- Hitachi Medical Systems
- Samsung Medison Co. Ltd.
- Esaote SpA
- SuperSonic Imagine SA
- Planmed Oy
Elastography and Contrast-Enhanced Ultrasonography (CEUS) are other technological developments in Breast Ultrasound equipment that are boosting market expansion.
The market's revenue growth is being bolstered by favorable reimbursement policies for breast ultrasonography screening and diagnosis in various countries. However, the high cost of Breast Ultrasound systems and the availability of substitute imaging modalities such as mammography and Magnetic Resonance Imaging (MRI) are major factors that could restrain market growth. Furthermore, a lack of qualified healthcare workers who can perform Breast Ultrasound imaging and interpret data is another factor that could hamper market growth.
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Breast cancer is the most prevalent cancer in women worldwide, accounting for 16% of all female cancers and 2% of all cancers in both sexes. Breast Ultrasound is used for both diagnosis and monitoring of breast cancer and is the most cost-effective imaging modality for detecting early-stage breast cancer. It is used in more than 80% of all breast imaging studies worldwide and is being used more often in combination with mammography for breast cancer screening, as it can detect tumors that may not be seen on a mammogram.
The global Breast Ultrasound market has been segmented into handheld and cart-based devices based on product. Cart-based systems are more substantial and come with more sophisticated features and technology than handheld ones, making them the largest revenue segment. Portable ultrasound machines are becoming high in demand in remote and rural locations as well as in home healthcare settings, leading to the fastest revenue CAGR during the forecast period for the handheld segment.
The market is regulated by the U.S. Food and Drug Administration (FDA) and various other agencies worldwide, and standards for safety, performance, labeling, clinical trials, and post-market surveillance have been established. In conclusion, the global Breast Ultrasound market is expected to continue its growth trend due to rising breast cancer prevalence, increasing adoption of breast ultrasonography, technological advancements, and favorable reimbursement policies.
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