Computer Aided Detection Market to be dominated by Rise in Occurrences of various types of cancers through 2027
Increasing prevalence of
chronic diseases to drive the computer aided detection market in the forecast
period, 2023-2027.
According to TechSci Research report, “Computer
Aided Detection Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”, the global computer aided detection market is
anticipated to grow at a significant rate in the forecast period, 2023-2027. The
increase in incidences of various diseases and adoption of advanced
technologies are the primary factors driving the demand for the global computer
aided detection market. Growing expansion of infrastructure development, usage
in applications such as clinical and R&D activities, healthcare expenditure, major
investments in R&D and support from governments are expected to influence
the market demand. The increasing awareness among patients and healthcare
professionals in developing as well as developed countries are increasing the
growth of the computer aided detection market, globally.
However, high service
& maintenance expenses of CAD, lack of IT healthcare professionals, poor
reimbursement schemes (especially in the emerging nations), and unfavorable
taxation policies may likely hamper the growth
of the market in the forecast period.
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data Figures spread through 110 Pages and an in-depth TOC on "Computer Aided Detection Market"
The global computer aided
detection market is segmented into imaging modality, application, and company.
Based on imaging modality,
the market is divided into mammography, MRI, ultrasound, tomosynthesis, and
others. The mammography segment is expected to grow during the forecast period
due to the rising awareness about need for early breast cancer screening,
rising prevalence of breast cancer worldwide, and increasing implementation of
CAD mammography systems, mainly in multispecialty hospital.
Based on application, the
market is divided into oncology, cardiovascular diseases, and neurological
disorders. Based on oncology, the market is further divided into breast cancer,
lung cancer, colorectal cancer, prostate cancer, and others. The breast cancer
sub-segment is projected to grow at a significant rate over the forecast period
due to the growing occurrence and people's awareness of frequent breast cancer
check-ups. Besides, government and non-government initiatives to support women
with advanced-stage cancer and spread awareness about breast cancer is
stimulating the market growth.
Major operating companies
operating in global computer aided detection market are:
- Hologic Inc.
- GE Healthcare
- Agfa-Gevaert N.V
- iCAD, Inc.
- Invivo Corporation
- McKesson Corporation
- Siemens Healthineers AG
- EDDA technology, Inc.
- FUJIFILM Medical Systems U.S.A., Inc.
- Koninklijke Philips N.V.
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“North America dominates the market in
2021 and is expected to maintain its dominance in the coming years due to the surge
in the number of cases of cancer and the high adoption of CAD for diagnosis of various types of
cancer. Also, growing
adoption of latest techniques for imaging and presence of well-established
healthcare systems, growing awareness about breast cancer, government and
non-government initiatives and programs are expected to propel the global computer
aided detection market growth till 2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Computer Aided Detection
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027 Segmented By Imaging Modality (Mammography, MRI, Ultrasound,
Tomosynthesis, Others), By Application (Oncology, Cardiovascular Diseases,
Neurological Disorders), By Company and By Region”, has evaluated the future growth
potential of global computer aided detection and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in global computer aided detection market.
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