Global Computer Aided Detection Market - WishTree Insight

Global Computer Aided Detection Market by Application (Lung Cancer, Breast Cancer, Colon, Liver Cancer, Bone Cancer, Prostate Cancer, Neurological), Imaging Modalities (Magnetic Resonance Imaging, X-Ray Imaging, Ultrasound Imaging, Computer Tomography, Nuclear Medicine Imaging, and Others), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Computer Aided Detection market size was valued at USD 0.80 billion in 2021 and is expected to surpass USD 2.4 billion by 2031, expanding at a CAGR of 10.6 % during the forecast period, 2021–2031. The market's growth is attributed to the increasing cancer prevalence and raising awareness in the population for regular health check-ups.

INTRODUCTION

Computer Aided Detection (CAD) is a clinically established tool that helps in the diagnosis of cardiovascular, neurological, and cancer diseases. This tool assists physicians in decreasing the false negative rate, detecting cancer at early stages, improving inter and intra-reader variability, and reducing the mortality rates for cancer, and other diseases.

CAD systems are used to help physicians with numerous tasks. It provides a second opinion to the diagnostic and detection outcomes and automatically recognizes all non-calcified lesions doubted of malignancy at images.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing cancer prevalence and raising awareness in the population for regular health check-ups are the key driver of the global computer-aided detection (CAD) market.

Scope of the Report

Market Segment Insights

The breast cancer segment is projected to register a considerable CAGR

Based on application, the computer aided detection market is divided into lung cancer, breast cancer, colon, liver cancer, bone cancer, prostate cancer, neurological. The breast cancer segment is expected to expand at a rapid pace during the forecast period owing to the growing prevalence and people’s awareness of regular breast cancer check-ups.

The X-Ray segment is expected to expand at a rapid pace

Based on imaging modalities, the computer-aided detection market is divided into magnetic resonance imaging, x-ray imaging, ultrasound imaging, computer tomography, nuclear medicine imaging, and others. The X-Ray segment is expected to expand at a rapid pace during the forecast period owing to extensive research has been to overcome the limitations of X-rays.

The North American region is anticipated to constitute a key market share

In terms of regions, the computer-aided detection market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the North American region is expected to constitute a key share of the market during the projected period owing to its researcher’s constant efforts to fuel the market with newer technologies and shifting trends from image analysis and pattern recognition. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to rising cost-effective technologies, demand for medical tourism, government initiatives, and programs.

Competitive Landscape

Key players competing in the Computer Aided Detection market are EDDA Technology, Inc. (U.S.); FUJIFILM Medical Systems (U.S.); Hitachi High Technologies Corporation (U.S.); Hologic Inc. (U.S.); McKesson Corporation (U.S.); Siemens Healthcare (Germany); Toshiba Medical Systems Corporation (Japan)

FAQs

How much is the market worth?

The Computer-Aided Detection market size was valued at USD 0.80 billion in 2021 and is expected to surpass USD 2.4 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 10.6%.

What are the key drivers of the market?

The market's growth is attributed to the increasing cancer prevalence and raising awareness in the population for regular health check-ups.

What segments are covered in the Computer Aided Detection report?

The segments covered in the report are application (lung cancer, breast cancer, colon, liver cancer, bone cancer, prostate cancer, neurological), imaging modalities (magnetic resonance imaging, x-ray imaging, ultrasound imaging, computer tomography, nuclear medicine imaging, and others).

Mention which region is expected to hold the highest share of the Computer Aided Detection market.

The North American region is expected to hold the highest share of the Computer Aided Detection market.

Mention the key players in the market.

EDDA Technology, Inc. (U.S.); FUJIFILM Medical Systems (U.S.); Hitachi High Technologies Corporation (U.S.); Hologic Inc. (U.S.); McKesson Corporation (U.S.); Siemens Healthcare (Germany); Toshiba Medical Systems Corporation (Japan)