Computer Aided Detection Market is Thriving According to New Report: Opportunities Rise For Stakeholders by 2026
Computer
Aided Detection (CAD) software is a set of algorithms that
uses pattern recognition method assisting physicians with
interpretation of medical images. Increasing number of patients
opting for diagnostic imaging techniques is expected to propel the
volume of image data to be analyzed. It is a diagnostic analysis
technology, which assists physicians in reducing detection errors.
CAD software is helpful in diagnosis of several diseases, such as
cancer, coronary artery disease, cardiovascular diseases, and
neurological diseases through imaging modalities, such as X-Rays
imaging, Magnetic Resonance Imaging ultrasound imaging, and computed
tomography. It helps in accurate detection of chronic diseases in
early stages, reducing mortality rates due to cancer, cardiovascular,
and neurological diseases.
Increase in
prevalence of the chronic diseases is anticipated to fuel the demand
of Computer Aided Detection Market
Increasing cancer
treatment awareness and routine medical check-up is driving the
demand for CAD market. Advanced digital imaging techniques have
enhanced the effectiveness and efficiencies of CAD solutions. Easy
integration with various imaging equipment is helping with early
detection of chronic diseases. It has applications in clinical and
research and development activities. Medical tourism is also boosting
the adoption of CAD. Gradual increase in demand for Health Insurance,
which requires pre-screening of chronic diseases is driving the
growth of CAD market. Major investments in R&D of Computer Aided
Detection with 3D imaging are providing opportunities for growth of
the market. High cost is the challenge for growth of CAD market.
Computer Aided
Detection Market is segmented on the basis of application, end users,
imaging modalities
On the basis of
application, the global computer aided detection in healthcare market
can be segmented as.
Lung cancer
Breast cancer
Liver cancer
Bone cancer
Prostate cancer
Colorectal
cancer
Others
(Cardiovascular and Neurological Indications etc.)
Based on application
breast cancer segment represent largest share in global Computer
Aided Detection market due increasing incidence of breast cancer.
According to the World Health Organization (WHO), breast cancer is
more common in women globally.
On the basis of
imaging modalities, the global Computer Aided Detection market in
healthcare market can be segmented as
Ultrasound
imaging
Mammography
Tomosynthesis
Computed
tomography
Magnetic
resonance imaging
Mammographic film
reading for breast screening demand increases highly which involves
the recognition of abnormality signs. Thus, this segment is also
expected to be a fastest growing segment over the forecast period.
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On the basis of
End Users, the global Computer Aided Detection market in healthcare
market can be segmented as
Hospitals
Research centers
Diagnostic
centers
On the basis of end
users hospital segment contributes largest share in Computer Aided
Detection market due to increasing incidences of cancer,
Regions
North America
Asia Pacific
Europe
Middle east
Africa
Latin America
North America region
dominates the computer aided detection market due to higher adoption
of CAD for diagnosis of cancer. The European region is anticipated to
be the second largest market with a prominent share of the breast
cancer segment.
Asia- pacific
regions is also growing and it emerge as opportunistic markets in the
near future due to increasing awareness among patients and
promotional campaigns on the early detection of chronic diseases by
various Government agencies. The Africa & Middle East are
contributing the smallest portion in CAD market as compared to others
due less advanced technology and awareness
Intense merger
and acquisition among the emerging players to boost the computer
aided detection market
Key players involved
in global computer aided detection market are GE Healthcare, Philips
Healthcare, Hologic,Inc., Inc. iCAD, Agfa-Gevaert N.V., EDDA
Technology, Fujifilm Medical System, Invivo Corporation, Hitachi
Medical Corporation, and Siemens Healthineers. GE Healthcare got FDA
clearance for its Senographe Pristina Dueta, which is claimed to be
the 1st patient-assisted mammography device that allows women to
control their own compression during the examination. GE healthcare
has transform the mammography for reducing the pain during
examination. Philips Healthcare has entered an agreement with
Belgium-headquartered IBA (ION Beam Applications SA) for providing
proton therapy solutions, it is an advanced therapy for treatment of
cancer in India.
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