Computer Aided Detection Market (Application - Oncology, Neurological Disorders, and Cardiovascular Diseases; Imaging Modalities - Nuclear Imaging, Mammography, Ultrasound, Tomosynthesis, Magnetic Resonance Imaging, and Other Imaging Modalities): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

A recent report published by Infinium Global Research on computer aided detection market provides in-depth analysis of segments and sub-segments in the global as well as regional computer aided detection market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional computer aided detection market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global computer aided detection market. According to the report, the global computer aided detection market is projected to grow at a CAGR of 10.3% over the forecast period of 2019-2025.

Market Insight

Computer aided detection is a clinically proven emerging technology that helps radiologists in reporting of medical images. Computer aided detection identifies suspicious features on the image that helps radiologists in detecting potential abnormalities on diagnostic radiology exams as well as helps to improve performance by increasing the sensitivity rate. Computer aided detection system contains components such as diagnosis, detection, and risk management. Large-scale integration is needed in the performance of a computer-aided cancer detection and diagnosis system in order to achieve the best performance. Applications of computer aided detection include colon cancer, breast cancer, lung cancer, congenital heart defect, bone metastases, coronary artery disease, pathological brain detection, Alzheimer’s disease, and diabetic retinopathy.

Growing adoption of computer aided detection technology in the identification and treatment of cancer drives the growth of computer aided detection market. Increasing prevalence of cancer helps in the increasing adoption of computer aided detection system. Furthermore, an increasing number of death by breast cancer in women contribute to the growth of computer aided detection market. Computer aided detection system helps in early detection and treatment for breast cancer. Growing prevalence of infectious diseases such as tuberculosis fuels the growth of computer aided detection market. Tuberculosis is the second deadliest infectious disease, and it can be recovered by proper treatment, and early detection with the help of computer aided detection system that in turn boosts the growth of computer aided detection market. Moreover, growing medical imaging is expected to propel the growth for computer aided detection market. However, the high cost of computer aided detection system may hamper the growth of computer aided detection market. Rising investments in the development of medical devices for treating cancer is expected to provide beneficial opportunities for the computer aided detection market.

Among the regions, North America dominates the computer aided detection market. Increasing prevalence of cancer particularly breast cancer in woman in the region contribute to the growth computer aided detection market. Computer aided detection technology helps in the diagnosis and treatment of cancer that in turn adoption of computer aided detection system is increasing in the region. Growing adoption of advance technologies, increasing awareness in consumers, increasing expenditure on healthcare contribute to the growth of computer aided detection market in the region. Europe region holds a prominent share in the computer aided detection market. Asia Pacific region is anticipated as the fastest growing region for the computer aided detection market.

Segment Covered

The report on global computer aided detection market covers segments such as application, and imaging modalities. On the basis of application, the sub-markets include oncology, neurological disorders, and cardiovascular diseases. On the basis of imaging modalities, the sub-markets include nuclear imaging, mammography, ultrasound, tomosynthesis, Magnetic Resonance Imaging, and other imaging modalities.

Companies Profiled:

The report provides profiles of the companies in the market such as EDDA Technology, Inc., Hitachi High-Technologies Corporation, Siemens Healthineers AG, Canon Medical Systems Corporation, Koninklijke Philips N.V., FUJIFILM Medical Systems, Inc., McKesson Corporation, Hologic, Inc., iCAD Inc., and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of computer aided detection market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.