Breast Ultrasound Market Revenue to Attain USD 9.56 Bn by 2033

08 Nov 2024

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Table of Content

1. Breast Ultrasound Market Revenue and Trends 2. Market Overview 3. Report Highlights of the Market 4. Breast Ultrasound Market Trends 5. Regional Insights 6. Breast Ultrasound Market Coverage

Breast Ultrasound Market Revenue and Trends

The global breast ultrasound market size is estimated at USD 2.30 billion in 2024 and is predicted to attain around USD 7.59 billion by 2033, growing at a CAGR of 14.21% from 2024 to 2034 The demand for breast ultrasound is increasing due to a rise in awareness about health along with a number of initiatives that are being taken by government, healthcare, and non-profit entities.

Market Overview

Ultrasound is a technology that has risen to more prominence in the last couple of decades and is widely used for different purposes in the healthcare sector. Breast ultrasound is an imaging of the breast using sound waves to produce pictures of the internal structures. The main function of the breast ultrasound is to help carry out the diagnosis of breast lumps or any other abnormalities during any physical exam, breast MRI, or mammogram exam. This technology does not use radiation and is non-invasive, making it a good option. The breast ultrasound market includes different devices that come under it, like probes, ultrasound systems, and accessories, to name a few.

The rising awareness amongst people about physical health and the importance of regular check-ups is helping the market grow. For example, an initiative like Breast Cancer Awareness Month, which takes place worldwide in October, helps spread awareness amongst people through different channels all month long. There has been a steady rise in the number of women opting for regular breast exam screening, which has also directly increased the usage of breast ultrasound. Another factor for the growing market is technological advancements. Manufacturers are making efforts to innovate new devices or products for the breast ultrasound market.

Report Highlights of the Market

• The automated breast ultrasound segment of the product type dominated the market in 2023. These systems have several benefits, like increased sensitivity to be able to detect small tumors, especially in the denser breast tissue where abnormalities can be difficult to detect on mammograms. There are technological advancements, easier for users as well as a variety of devices in the automated breast ultrasound segment. These aspects are helping the growth of this segment of the breast ultrasound market.
• The conventional breast ultrasound (CBUS) segment is estimated to be the fastest-growing segment during the forecast period. These devices help detect tumors or abnormalities in the breast. Many healthcare facilities still prefer to use CBUS, helping the segment gain good ground in the breast ultrasound market.
• From an end-user perspective, the hospitals segment held the largest share of the market in 2023. The hospital segment accounted for a large share of the market in 2023 and is predicted to continue its rise during the forecast period. 
• By end-user, the diagnostics imaging laboratories segment is estimated to be the fastest-growing segment during the forecast period. The rising number of such centers, people’s consciousness about health, and the rising number of breast cancer cases will contribute to the growth of this segment.

Breast Ultrasound Market Trends

• Advancement of technology: Breast ultrasound technology is showing rapid technological advancements that will help boost the market over the coming years. The ability to detect abnormalities in the denser breast tissue at an early stage is a possibility because of ongoing technological advancements. Many key market players are investing in the innovation of new technologies that could prove helpful for the market. With rising technological advancements, the breast ultrasound market is poised for a surge in demand.
• Increasing awareness: People are becoming more and more aware of the benefits of regular checkups and early detection of any abnormalities. Coupled with the rising number of breast cancer cases worldwide, the market is in demand. This has increased the use of this technology and devices across hospitals and diagnostics centers. With this technology, any abnormalities or tumors could be detected at an early stage, making recovery through treatment possible. This has increased the number of people opting for checkups.

Regional Insights

North America held the largest revenue share of the breast ultrasound market in 2023. The developed infrastructure in the region, along with rising cases of breast cancer, government initiatives, investment in healthcare, etc., are the reasons this region is the biggest market for breast ultrasound. The U.S. holds the major share of the market in the North American region. For instance, The American College of Radiology has created a system that hospitals or diagnostics clinics follow to properly categorize the findings of breast exams and then create a proper plan to move ahead. Organizations like the National Breast Cancer Foundation (NBCF) arrange programs frequently to create awareness.

Asia Pacific is expected to be the fastest-growing region during the forecast period. The growing population of the region, besides the changing lifestyle patterns of the people, has increased the risks of diseases. The cases of breast cancer are rising in the region, which has prompted awareness. The number of people choosing to go for regular breast exams is increasing regularly, boosting the breast ultrasound market. The healthcare facilities of the region, with the government, are slowly adopting new technologies into their infrastructure to keep up with the rising demand. In countries like India and China, the governments have launched a number of plans to spread awareness about breast cancer.

Breast Ultrasound Market Coverage

Market News 

• In February 2024, Butterfly Network unveiled the iQ3TM portable ultrasound device, which combines improved 3D imaging technology, powerful image processing, and artificial intelligence (AI) capabilities. This ground-breaking gadget represents a major advancement in ultrasonography technology by providing medical practitioners with a portable, potent instrument for more accurate and effective diagnostic imaging.
• In September 2023, Siemens Healthineers AG introduced a new mammography system called Mammomat B.brilliant at the annual congress of the European Society of Breast Imaging. This new system features a 50-degree wide-angle capability.

Segments Covered in the Report

By Product

• Conventional Breast Ultrasound (CBUS)
• Automated Breast Ultrasound (ABUS) 

By End Use 

• Hospital
• Diagnostics Imaging Laboratories
• Others

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