Global Computer Aided Detection Market Witnessed to Surge at a Remarkable CAGR of 9.8% during 2017-2025

Published on : Mar 12, 2018

Albany, New York, March 12, 2018: In recent years, the global CAD market experienced strong growth owing to increasing awareness of cancer diagnosis in early stages. The technology has proven to be beneficial in detecting breast calcifications, and today's CAD software has nearly perfect accuracy in detecting these calcifications. Market Research Hub (MRH) has broadcasted a new study titled “Computer Aided Detection Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025” to its wide repository, which offers major insights, analysis, and valuable guidance on the prospects of global computer aided detection market. It has been mentioned in the study that medical researchers and practitioners have only been using medical imaging devices that are integrated with computer aided detection.

Computer Aided Detection (CAD) is a clinically reputable tool that helps in the detection of cancer, cardiovascular and neurological disease. In the present time, The high incidence of various types of cancer such as prostrate, breast, lunch, colorectal, and others has triggered a need for technologically advanced computer aided detection solutions. As per the latest key findings, the global computer aided detection market is estimated to be worth US$1115.3 mn by the end of 2025, as the market promises to exhibit a CAGR of 9.8% from 2017 to 2025.

The report further also adds that the market is also being driven by unique advancements in digital imaging, development of efficient CAD solutions, quick integration of CAD solutions in a wide range of imaging equipment, and growing awareness among the patients about primary detection of cancer.

Geographical Overview

The regional outlook offered in the report offers analysis and insights on the markets in North America, Europe, Latin America, Japan, Asia Pacific, and Middle East & Africa (MEA). Looking to the global market scenario, analysts find that North America accounted for the largest share in the global computer aided detection (CAD) market in 2016 owing to the rising incidences of breast cancer in the region.

In this study, a detailed discussion of the segmentation of the computer aided detection market provides readers with a clear view of the various components of the market. The market has been segmented on the basis of application, and imaging modality. By application, the global computer aided detection market is segmented into oncology and cardiovascular and neurological indications. Moreover, based on imaging modality the market includes mammography, MRI, ultrasound imaging, tomosynthesis, CT and others. Each segment has been analyzed based on the incidence of diseases, awareness regarding early diagnosis and presence of key players in the region.

Competitive Outlook

The final section of the report deals with the competitive landscape which highlights the key players that are operating in the global computer aided detection market. They are Agfa-Gevaert N.V., Samsung Medison Co. Ltd, Fujifilm Medical Systems USA, Inc., Hitachi Medical Corporation, GE Healthcare, Hologic, Inc., and Philips Healthcare are among others.

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