Computer Aided Detection (CAD) Market Outlook, End Users Analysis and Share by Type to 2022
The Computer Aided Detection (CAD) Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
Global Computer Aided Detection (CAD) Market is anticipated to reach USD 1.9 billion by 2022 due to the growing incidences of breast, lung and prostate cancer due to changes in lifestyle and increasing pollution levels. Computer aided detection (CAD) is a technology especially designed to help radiologists understand the medical images. The technology improves diagnostic accuracy and reduces the burden of workload. Computer aided detection technology is progressing over the years and has become an indispensable part of the routine clinical work for detecting cancers.
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Computer aided
detection market is driven by the rising prevalence of cancers worldwide.
Hence, the growing rate of cancer conditions and technologically enhanced CAD
systems will help in improving MRI, ultrasound imaging, mammography and nuclear
imaging. This propels the demand for computer aided detection solutions in
multispecialty hospitals, thereby boosting computer aided detection (CAD)
industry. Moreover, remarkable enhancements in digital imaging, quick integration
of CAD systems in numerous imaging equipment and development of efficient CAD
solutions are also driving the market growth of computer aided detection (CAD).
However, lack of IT
healthcare experts, high service & maintenance expenses of CAD and poor
reimbursement schemes (especially in the emerging economies) & unfavorable
taxation policies are hampering the market growth of computer aided detection
(CAD). Furthermore, the development and integration of artificial intelligence
to aid the development of CAD is predicted to bring new opportunities in
future. Computer aided detection (CAD) market is challenged by poor data
exhibited by CAD solutions.
The key players in computer aided detection (CAD) industry comprise Agfa-Gevaert N.V., EDDA Technology, Inc., Philips Healthcare, Invivo Corporation, Toshiba Medical Systems Corporation, Merge Healthcare, Inc., McKesson Corporation, GE Healthcare, ICAD, Inc., Hologic, Inc., Riverain Technologies, Fujifilm Medical Systems USA, Inc., Siemens Healthcare, Salient Imaging, Inc., and VuCOMP Inc.
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Based on end user,
computer aided detection (CAD) market is divided into hospitals, research
centers and diagnostic centers. Hospital segment is predicted to grow significantly
in the coming years due to availability of advanced diagnostic and treatment
services.
Geographically, computer
aided detection industry is segmented as North America, Latin America, Europe,
Asia Pacific and Middle East & Africa. Due to increasing incidences of
breast cancer, North America is projected to dominate the market of computer
aided detection (CAD) in the years to come.
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