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Automated Breast Ultrasound Systems Market size was worth USD 1.7 billion in 2022. Driven by the rising prevalence of breast cancer globally, the industry could grow at 15.5% CAGR from 2023 to 2032.
Adoption of a sedentary lifestyle, coupled with excessive smoking and alcohol intake, has given birth to diseases such as breast cancer. According to CDC, around 264,000 cases of breast cancer in women and nearly 2,400 in men are reported every year in the U.S. alone. The commendable rise in disease burden has favored the adoption of ABUS for the early detection of the condition, eventually contributing to global market expansion.
Report Attribute | Details |
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Base Year: | 2022 |
Automated Breast Ultrasound Systems Market Size in 2022: | USD 1.7 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 15.5% |
2032 Value Projection: | USD 7.1 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 160 |
Tables, Charts & Figures: | 206 |
Segments covered: | Product, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Moreover, favorable government initiatives for spreading awareness about the diagnosis and treatment of breast cancer are further creating a notable impetus for industry growth. For instance, in Australia, the National Breast Cancer Foundation, Inc. considers October as breast cancer awareness month every year. It aims to create awareness and impart knowledge about the early detection and prevention of breast cancer among women.