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Computer Aided Detection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

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Published Date : Apr 2021

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No. of Pages : 0

Computer aided detection (CADe) assists radiologists in interpretation of medical images effectively. This is also known as computer aided diagnosis (CADx). These procedures help radiologists and doctors to evaluate and analyze the information yielded by various imaging techniques such as MRI, X-ray and ultrasound diagnostics. CAD technology is a combination of digital image processing, radiological image processing and artificial intelligence. These systems scan the typical appearances/images and highlight evident sections which may be the symptoms of possible diseases. This procedure aids in accurate interpretation of images with the help of automated process via CAD algorithms. 

The technology is still in its infant stage and holds immense growth potential in the near future. It is employed in the detection of breast, lung, prostate and other cancers. For example, CAD in mammography highlights hyperdense structures and micro calcification clusters present in the soft tissue. Breast cancer detection dominates this market due to the increasing installations of these systems in ultrasound, MRI and mammography applications.  

With technological advances and introduction of innovative products in the market, lung and colon cancer detection is gaining further recognition followed by breast cancer detection. There has been a trend of enhanced adoption of CAD systems in diagnostic imaging due to emergence of advanced digital imaging techniques and high efficiency of CAD solutions. The computer aided detection market can be segmented on the basis of application, technology and geography. The application segment includes CAD systems which aid in diagnosis of breast, lung, cardiovascular, neurology and musculoskeletal related disorders. Nuclear imaging, ultrasound, MRI and computed tomography are included in the technology segment.

The CAD market is gaining momentum due to the development of integrated CAD systems with multiple modalities, better display aspects, ease of manipulability of image, management speed and image viewing. The FDA’s release of guidelines for manufacturers on clinical study requirements and approval of CAD systems (devices and software), further paves the path for development of innovative solutions in this arena. However, economic fluctuations, less availability and accessibility of these systems might hamper the growth of the market. 

At present, manufacturers are focusing on the development and upgradation of existing CAD softwares in order to enhance the efficiencies of these systems. For better decision making, there is a demand for inclusion of patient information, such as medical history and prior diagnoses, and integration of the image database as a reference for radiologists. Invivo Corporation, Siemens Healthcare, Hologic, Inc., Medipattern Corporation, Viatronix, Inc. and Philips Healthcare are some of the leading manufacturers involved in the development of CAD devices and software.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World 

This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

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