Computer Aided Detection Market, By Imaging Modalities (X-Ray Imaging, Computed Tomography, Ultrasou

Published Date: April 2020 | Report Code : HC2067158

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Computer Aided Detection Market, By Imaging Modalities (X-Ray Imaging, Computed Tomography, Ultrasound Imaging, Magnetic Resonance Imaging, Nuclear Medicine Imaging, and Others), Breast CAD Imaging Modalities (Mammography, Magnetic Resonance Imaging, Ultrasound Imaging, Tomosynthesis, Nuclear Imaging, and Others), Application (Breast Cancer, Lung Cancer, Colon/ Rectal Cancer, Prostate Cancer, Liver Cancer, Bone Cancer, and Neurological/ Musculoskeletal/ Cardiovascular), And By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Healthcare

Report Code : HC2067158

Status : Published April 2020

Global Computer Aided Detection Market size was prized at USD 723.65 million in 2019 and is projected to grow at a CAGR of 11.68% during the forecast period. Computer aided detection are widely used in detection of breast cancer, lung cancer, colon/ rectal cancer, prostate cancer, liver cancer, bone cancer, and neurological/ musculoskeletal/ cardiovascular cancers, as it is a set of algorithms, which uses pattern recognition method predominantly to aid physicians for interpretation of medical images.

Key Factors Impacting the Growth of Computer Aided Detection Market:

  • Evolution of the diagnostic cancer imaging field
  • Increasing awareness of regular checkups rather than visits after cancer detection
  • Increasing number of cancer incidence
  • Growth in demand for insurance policies

The increasing approval and launch of new products are expected to offer promising growth opportunities in the market growth during the forecast period.

The computer aided detection market segmentation is based on imaging modalities, breast CAD imaging modalities, application, and region.

Breast CAD Imaging Modalities Outlook:

Based on breast CAD imaging modalities, the global computer aided detection market is divided into mammography, magnetic resonance imaging, ultrasound imaging, tomosynthesis, nuclear imaging, and others. The increasing incidence of cancer, which is the lead cause of mortality and morbidity are the factors are expected to drive the growth of the mammography breast CAD imaging modalities segment during the forecast period in the global market.

Imaging modalities Outlook:

On the basis of imaging modalities, the global computer aided detection market is separated into x-ray imaging, computed tomography, ultrasound imaging, magnetic resonance imaging, nuclear medicine imaging, and others. In 2019, the x-ray imaging is expected to maintain the lead with ongoing research to overcome the limitations of X-ray.

Application Outlook:

Based on application, the computer aided detection market has been segmented breast cancer, lung cancer, colon/ rectal cancer, prostate cancer, liver cancer, bone cancer, and neurological/ musculoskeletal/ cardiovascular. High prevalence rate and awareness towards regular breast cancer check-ups are the factors currently driving the market growth in the breast cancer application segment.

Regional Outlook:

Based on the region, the global computer aided detection market has been segmented by North America, Europe, Asia Pacific, Middle East & Africa, South America. North America region is currently dominating the computer aided detection market with higher acceptance for advanced technologies and shifting tendency from image analysis and pattern recognition algorithm to workflow management functions.

However, factors like government initiatives and programs to strengthen the healthcare infrastructure and increasing awareness in the population for regular health check-ups are driving the growth of Asia Pacific region during the forecast period.

The report analyzes factors affecting the computer aided detection market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the computer aided detection market for all six regions namely; North America, Europe, Asia Pacific, Middle East & Africa, South America.

Competitive Landscape

Major companies focusing on diversified product portfolio, extensive geographical presence and acquisition strategies to increase their respective market share in the global computer aided detection market during the forecast period. Leading companies in the market include Agfa-Gevaert N.V, iCAD, Inc., Hologic, Inc., G.E Healthcare Ltd, Invivo Corporation, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems Corp., McKesson Corporation, Hologic, Inc. and among others.

Companies including the Hologic, Inc., GE Healthcare, Invio Corporation, Siemens Healthcare and Agfa-Gevaert N.V held around 75% market share in 2018.

This report also includes the profiles of key computer aided detection market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Computer Aided Detection Market:

  • In 2020, CDx Diagnostics, Inc. provider of clinicians with easily implemented, cost-effective tools to preempt cancer through enhanced detection of precancerous cellular changes formed an agreement with Blue Cross Blue Shield (BCBS) for WATS3D Biopsy (Wide Area Transepithelial Sampling with 3D Tissue Analysis)
  • In 2019, SimonMed Imaging, global company operatingin outpatient medical imaging, announced to implement the ProFound AI for digital breast tomosynthesis (DBT), the primary FDA-cleared AI program for early breast cancer detection developed by iCAD, Inc.

What Does This Report Provide?

This report provides a detailed understanding of the global computer aided detection market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

 Market Segmentation:

By Imaging Modalities:

  • X-Ray Imaging
  • Computed Tomography
  • Ultrasound Imaging
  • Magnetic Resonance Imaging
  • Nuclear Medicine Imaging
  • Others

By Breast CAD Imaging Modalities:

  • Mammography
  • Magnetic Resonance Imaging
  • Ultrasound Imaging
  • Tomosynthesis
  • Nuclear Imaging
  • Others

 By Application:

  • Breast Cancer
  • Lung Cancer
  • Colon/ Rectal Cancer
  • Prostate Cancer
  • Liver Cancer
  • Bone Cancer
  • Neurological/ Musculoskeletal/ Cardiovascular

By Region:

  • North America Computer Aided Detection Market
    • By Country (US, Canada, Mexico)
    • By Imaging modalities
    • By Breast CAD Imaging Modalities
    • By Application
  • Europe Computer Aided Detection Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Imaging modalities
    • By Breast CAD Imaging Modalities
    • By Application
  • Asia Pacific Computer Aided Detection Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Imaging modalities
    • By Breast CAD Imaging Modalities
    • By Application
  • Middle East & Africa Computer Aided Detection Market
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East & Africa)
    • By Imaging modalities
    • By Breast CAD Imaging Modalities
    • By Application
  • South America Computer Aided Detection Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Imaging modalities
    • By Breast CAD Imaging Modalities
    • By Application

 Reasons to Buy This Report:

  • Market size estimation of the computer aided detection market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

 Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected] 

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