Cart-based Conventional Breast Ultrasound Systems Market - By End-use (Hospitals, Diagnostics Laboratories) – Global Forecast to 2032

Cart-based Conventional Breast Ultrasound Systems Market - By End-use (Hospitals, Diagnostics Laboratories) – Global Forecast to 2032

Cart-based Conventional Breast Ultrasound Systems Market Size

Cart-based Conventional Breast Ultrasound Systems Market size surpassed USD 277 million in 2022 and is expanding at 6.2% CAGR over the projection period (2023-2032). Growing awareness regarding early diagnosis in response to launch of various breast cancer awareness programs will positively impact the market growth.
 

Cart-based conventional breast ultrasound system is a non-invasive diagnostic ultrasound imaging technique that uses high-frequency sound waves to produce images of the breast tissue. It is commonly used to detect abnormalities such as cysts, lumps, and breast cancer. Cart-based ultrasound refers to a type of ultrasound imaging system that is mounted on a cart with wheels for mobility. These systems typically consist of a large console or computer unit that houses the ultrasound equipment, as well as a monitor, keyboard, and other controls. The cart may also include a built-in printer or storage compartments for transducers and other accessories. An increase in the population of women across the globe suffering from breast cancer is anticipated to boost the global market growth.
 

The number of women undergoing breast cancer diagnosis has increased considerably over the years, thereby impelling the demand for cart-based conventional breast ultrasound systems. Moreover, rapid technological advancements in cart-based conventional breast ultrasound systems will create a paradigm shift in the healthcare diagnostics industry. Manufacturers are presently focused on introducing innovative cart-based conventional breast ultrasound systems products in the market thereby, bolstering industry size in the forthcoming years.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the cart-based conventional breast ultrasound systems market. The pandemic disrupted global supply chains, that led to shortages of medical products, including cart-based conventional breast ultrasound systems. Due to a shortage of both non-essential and vital medical devices and supplies, the pandemic caused chaos in the medical sector as a whole. In addition, the worldwide supply chain was disrupted, impacting the production and shipping of cart-based conventional breast ultrasound systems. In addition, the worldwide supply chain was disrupted, impacting the production and shipping of breast ultrasound systems. The pandemic caused a strain on the hospitals and various healthcare facilities globally, resulting in adverse financial constraints that led to reduced expenditure on capital equipment for products and services that breast ultrasound systems companies were offering.
 

Cart-based Conventional Breast Ultrasound Systems Market Trends

Cart-based conventional breast ultrasound systems offer a cost-effective alternative to larger, more expensive imaging modalities like MRI. They are relatively more affordable, both in terms of equipment cost and maintenance, making them accessible to a wider range of healthcare facilities. Moreover, their portability allows for easy portability and deployment in different clinical settings, including outpatient clinics, remote areas, and mobile screening programs. Additionally, rising awareness related to breast cancer, its diagnosis as well as treatment alternatives owing to numerous awareness campaigns will stimulate the breast imaging market growth in the forthcoming years. Moreover, growing awareness pertaining to the availability of technologically advanced diagnostic equipment in developed countries as well as developing nations will boost market development. For instance, in Australia, the National Breast Cancer Foundation, Inc. recognizes October as breast cancer awareness month annually. The primary aim of the annual campaign is to expand the overall knowledge regarding early detection and prevention of breast cancer among women. This will favour the adoption of screening tests by the population and drive the overall growth of the industry.
 

Cart-based Conventional Breast Ultrasound Systems Market Analysis

Based on end-use, the cart-based conventional breast ultrasound systems market is segmented into hospitals, diagnostics laboratories, and others. Hospitals segment held substantial revenue share in the global cart-based conventional breast ultrasound market accounting for more than 45.3% market share in 2022. A high product adoption rate coupled with an increasing number of hospital admission of breast cancer patients will drive the segmental growth. Increasing usage of conventional ultrasound systems in hospitals for screening breast tissues providing effective outcomes along with presence of skilled professionals are factors contributing towards higher revenue share. Rising awareness among individuals regarding the latest technological trends with growing mortality ratio owing to breast cancer in the region will foster overall industry statistics.  

U.S. cart-based conventional breast ultrasound systems market accounted for more than USD 80 million in 2022 and will grow momentously more than USD 160 million by 2032. high incidence of breast cancer, technological advancements, high healthcare expenditure, and developed healthcare infrastructure in the region. Favourable regulatory scenario along with increasing funding for breast cancer research are other prominent factors stimulating market growth. The increasing funding from public and private organizations to generate awareness regarding breast cancer will contribute towards growth of the market. Moreover, the strong focus of major companies in the region will boost the market's expansion.
 

Cart-based Conventional Breast Ultrasound Systems Market Share

Some of the notable key industry players operating in the cart-based conventional breast ultrasound systems market include

• GE Healthcare
• Philips Healthcare
• Siemens Healthineers
• Canon Medical Systems
• Samsung Medison
• Hitachi Healthcare
• Esaote
• Fukuda Denshi
• Analogic Corporation
• Fujifilm SonoSite
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd
• Seno Medical

These market participants are implementing various growth strategies such as collaborations, partnerships, acquisitions & mergers, and new product development and launches to strengthen product offerings as well as gain a competitive edge over others.

Cart-based Conventional Breast Ultrasound Systems Industry News

• In September 2022, Philips announced multi-year cross-continental partnership with RAD-AID International to enhance access to ultrasound services in low- and middle-income countries for 50 million people. Such initiatives have positively influenced the product demand in the emerging market.
   
• In December 2021, GE Healthcare acquired BK Medical, a leader in advanced surgical visualization. This acquisition helped GE Healthcare to adds the fast-growing and relatively new field of real-time surgical visualization to GE’s pre- and post-operative ultrasound capabilities. 
   

Cart-based conventional breast ultrasound systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments

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By End-use (USD Million)

• Hospitals
• Diagnostic laboratories
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Switzerland
  • The Netherlands
  • Czech Republic
  • Poland
  • Norway
  • Belgium
  • Finland
  • Hungary
  • Denmark
  • Ireland
  • Sweden
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • New Zealand
  • Taiwan
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Israel