Computer Aided Detection (CAD) Market Insights:
The Computer Aided Detection (CAD) Market was analyzed which was worth USD 1.03 Billion in the year 2022, expecting a CAGR of 9.8% during the forecast period (2023-2030), and the market is projected to be valued at USD 2.18 Billion by 2030.
The increased adoption of Computer Aided Detection (CAD) in the Clinical Diagnostics is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Computer Aided Detection (CAD) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Computer Aided Detection (CAD) in many sectors also boosts the market growth during the forecast period.
Computer-aided detection (CAD) is a technology that uses computer algorithms and machine learning to analyze medical images and highlight areas that may be of concern to radiologists or other healthcare providers. CAD is often used in medical imaging modalities such as mammography, CT scans, and X-rays. CAD algorithms can analyze large volumes of medical images to detect subtle changes or abnormalities that may not be visible to the human eye. These algorithms can be trained using large datasets of medical images and can learn to recognize patterns associated with certain diseases or conditions.
Computer Aided Detection (CAD) Market Research Report” was just released by Market Research Community. It is divided into several categories, including Imaging Modalities (X-Ray Imaging, Computed Tomography, Ultrasound Imaging, Magnetic Resonance, Nuclear Medicine Imaging), application (Breast Cancer, Lung Cancer, Colon/Rectal Cancer, Prostate Cancer, Liver cancer, Bone Cancer, Neurological/ Musculoskeletal/ Cardiovascular Cancer), End User (Hospitals, Diagnostic Centres, Research Centres), and companies (EDDA Technology, Inc., FUJIFILM Holdings Corporation, Hologic, Inc., iCAD Inc., Koninklijke Philips N.V., Siemens, CANON MEDICAL SYSTEMS CORPORATION, IBM, Riverain Technologies., Median Technologies, GENERAL ELECTRIC, Shimadzu Analytical (India) Pvt. Ltd., Carestream Health., Hitachi Ltd., ESAOTE SPA, Narayana Hrudayalaya Ltd, and Karyopharm), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 9.8%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||2.18 Billion|
|By Application||Breast Cancer, Lung Cancer, Colon/Rectal Cancer, Prostate Cancer, Liver cancer, Bone Cancer, Neurological/ Musculoskeletal/ Cardiovascular Cancer|
|By Imaging Modalities||X-Ray Imaging, Computed Tomography, Ultrasound Imaging, Magnetic Resonance, Nuclear Medicine Imaging|
|By End User||Hospitals, Diagnostic Centres, Research Centres|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||EDDA Technology, Inc., FUJIFILM Holdings Corporation, Hologic, Inc., iCAD Inc., Koninklijke Philips N.V., Siemens, CANON MEDICAL SYSTEMS CORPORATION, IBM, Riverain Technologies., Median Technologies, GENERAL ELECTRIC, Shimadzu Analytical (India) Pvt. Ltd., Carestream Health., Hitachi Ltd., ESAOTE SPA, Narayana Hrudayalaya Ltd, and Karyopharm|
The COVID-19 pandemic has had a substantial negative influence on the Computer Aided Detection (CAD) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
EDDA Technology, Inc., FUJIFILM Holdings Corporation, Hologic, Inc., iCAD Inc., Koninklijke Philips N.V., Siemens, CANON MEDICAL SYSTEMS CORPORATION, IBM, Riverain Technologies., Median Technologies, GENERAL ELECTRIC, Shimadzu Analytical (India) Pvt. Ltd., Carestream Health., Hitachi Ltd., ESAOTE SPA, Narayana Hrudayalaya Ltd, and Karyopharm
Market Segment Analysis:
- Breast Cancer
- Lung Cancer
- Colon/Rectal Cancer
- Prostate Cancer
- Liver cancer
- Bone Cancer
- Neurological/ Musculoskeletal/ Cardiovascular Cancer
By Imaging Modalities
- X-Ray Imaging
- Computed Tomography
- Ultrasound Imaging
- Magnetic Resonance
- Nuclear Medicine Imaging
By End User
- Diagnostic Centres
- Research Centres
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Computer Aided Detection (CAD) industries in the region.
Key Computer Aided Detection (CAD) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Computer Aided Detection (CAD) Market segments.
– Largest Market Share Held by Industry to Industry for Computer Aided Detection (CAD)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Computer Aided Detection (CAD) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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