In medicine, the use of computer-aided detection (CAD) software is becoming increasingly common. CAD programs are a collection of algorithms that employ a pattern recognition approach to aid in the interpretation of medical images for doctors. The volume of image data that needs to be analyzed is expected to rise as the number of patients who choose diagnostic imaging techniques rises. It’s an analysis tool for diagnostics that helps doctors catch mistakes before they cause harm. The use of imaging modalities like X-rays, Magnetic Resonance Imaging, ultrasound imaging, and computed tomography aids in the diagnosis of many diseases, including cancer, cardiovascular diseases, coronary artery disease, and neurological diseases. Cancer, heart disease, and neurological disease mortality rates can all be lowered thanks to its use in early detection.
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.
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The growth of the computer-aided detection market is expected to be driven by the rising incidence of chronic diseases
The demand in the CAD market is being driven by the rising popularity of cancer screenings and other preventative health measures. The efficiency and effectiveness of CAD solutions have been greatly improved by the advent of modern digital imaging techniques. Early detection of chronic diseases is being aided by the ease with which different imaging equipment can be integrated. It can be used in clinical settings and scientific study. The growing popularity of international medical travel is also contributing to CAD’s rising popularity. The CAD market is expanding because of the rising popularity of health insurance, which in turn necessitates the screening of prospective policyholders for chronic diseases. Growth prospects exist due to massive investments in computer aided detection with 3D imaging research and development. One obstacle to the expansion of the CAD market is the high price of the technology.
The market for computer-aided detection has been broken down into segments based on factors such as use case, target audience, and imaging technology
Based on the application, the market growth for computer aided detection in healthcare market can be divided as:
- Lung cancer
- Liver cancer
- Breast cancer
- Prostate cancer
- Bone cancer
- Colorectal cancer
- Others (Cardiovascular and Neurological Indications etc.)
The rising prevalence of breast cancer has led to a rise in demand for computer-aided detection solutions in the field of breast cancer. Women worldwide have a higher risk of developing breast cancer, in accordance with the World Health Organization (WHO).
Based on the imaging modalities, the market growth of the Computer Aided Detection market can be divided as
- Ultrasound imaging
- Magnetic resonance imaging
- Computed tomography
Reading mammographic films for breast cancer screening is becoming increasingly popular. As a result, this sector is anticipated to be one of the fastest growing during the forecast period.
Based on the End Users, the market growth of the Computer Aided Detection in healthcare market can be divided as
- Diagnostic centers
- Research centers
Based on the end users, due to rising cancer rates, hospitals account for a disproportionately large portion of the computer aided detection market,
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- North America
- Latin America
- Asia Pacific
- Middle east
As a result of widespread use of CAD in cancer diagnosis, the market for computer-aided detection is largest in North America. As a result of the size of its breast cancer market, Europe is expected to be the world’s second largest.
Due to rising patient awareness and government-led promotional campaigns emphasizing the importance of early detection of chronic diseases, the Asia-Pacific region is also expanding and will soon emerge as promising new markets. Due to a lack of developed infrastructure and an educated populace, Africa and the Middle East are responsible for a disproportionately small share of the global CAD market.
Computer aided detection market consolidation among new players
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 are all major players in the global computer aided detection market. GE Healthcare’s Senographe Pristina Dueta, the first patient-assisted mammography device that puts the power of compression in the hands of the patient herself, recently received FDA clearance. GE Healthcare has made significant changes to the mammography process in order to make the examination less painful. As an innovative method of treating cancer, proton therapy is something that Philips Healthcare is partnering with IBA (ION Beam Applications SA) of Belgium to bring to India.
Valuable Points for this Research Report:
🠺 Significant changes in Market dynamics.
🠺 Reporting and assessment of recent industry developments.
🠺 A complete background analysis, which includes a valuation of the parental Computer Aided Detection Market.
🠺 Current, Historical, and projected size of the Computer Aided Detection Market from the viewpoint of both value and volume.
🠺 Computer Aided Detection Market segmentation according to Top Regions.
🠺 Computer Aided Detection Market shares and strategies of key Manufacturers.
🠺 Emerging Specific segments and regional for Computer Aided Detection Market.
🠺 An objective valuation of the trajectory of the Market.
🠺 Recommendations to Top Companies for reinforcement of their foothold in the market.
Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Computer Aided Detection Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Computer Aided Detection Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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