Computer Aided Detection (CAD) Market research report displays key data and information about several factors which helps achieve success in the competitive marketplace. Summary of the market is analysed with respect to market players who are mainly customers, businesses or clients. SWOT analysis is the standard, prominent and full-proof method to perform the market research study which is used to formulate this particular Global Computer Aided Detection (CAD) Market report. To be ahead of the competition, a systematic idea about the competitive landscape, their product range, their strategies, and future prospects are very important. Market risks and entry barriers makes Healthcare industry aware and help deciding further moves.
Data Bridge Market Research analyses that the computer aided detection (CAD) market is expected to grow at a CAGR of 9.5% during the forecast period. The “breast cancer” accounts for the largest application segment in the computer aided detection (CAD) market within the forecasted period.
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Computer aided detection (CAD) is a collection of algorithms that use pattern recognition to help physicians interpret medical images. The computer aided detection software aids in the diagnosis of various diseases including coronary artery disease, cancer, cardiovascular diseases, and neurological diseases through the imaging modalities, such as x-rays imaging, magnetic resonance imaging, ultrasound imaging, and computed tomography. It is a diagnostic analysis technology that helps doctors reduce detection errors.
Computer Aided Detection (CAD) Market Dynamics
Drivers
· Increasing Prevalence Of Chronic Diseases
The increasing incidence rate of breast, prostate and lung cancer is the most significant factor driving the growth for this market. Moreover, the increased government efforts to raise awareness about cancer and treatment is expected to accelerate the overall growth of the market.
The increasing number of patients opting for diagnostic imaging techniques are projected to cushion the growth of the market. Moreover, its usage in applications such as clinical and research and development activities, rising awareness among the healthcare professionals regarding its advantages such as its ability to detect chronic diseases in early stages accurately, reducing mortality rates due to cancer, cardiovascular, and neurological diseases is also expected to fuel market growth. Moreover, the healthcare expenditure in emerging economies and rising disposable income also cushions the market’s growth within the forecasted period.
Some of the major players operating in the computer aided detection (CAD) market are 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 among others.
Global Computer Aided Detection (CAD) Market Scope
The computer aided detection (CAD) market is segmented on the basis of application, breast CAD imaging modalities, imaging modalities and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
· Breast Cancer
· Lung Cancer
· Colon/Rectal Cancer
· Prostate Cancer
· Liver cancer
· Bone Cancer
· Neurological/ Musculoskeletal/ Cardiovascular Cancer
On the basis of application, the computer aided detection (CAD) market is segmented into breast cancer, lung cancer, colon/rectal cancer, prostate cancer, liver cancer, bone cancer and neurological/ musculoskeletal/ cardiovascular cancer. The breast cancer is projected to hold a significant share in the application segment.
Breast CAD Imaging Modalities
· Mammography
· Magnetic Resonance Imaging
· Ultrasound Imaging
· Tomosynthesis
· Nuclear Imaging
On the basis of breast CAD imaging modalities, the computer aided detection (cad) market is segmented into mammography, magnetic resonance imaging, ultrasound imaging, tomosynthesis and nuclear imaging. Mammography dominates the breast CAD imaging modalities segment.
Imaging Modalities
· X-Ray Imaging
· Computed Tomography
· Ultrasound Imaging
· Magnetic Resonance
· Nuclear Medicine Imaging
On the basis of imaging modalities, the computer aided detection (CAD) market is segmented into x-ray imaging, computed tomography, ultrasound imaging, magnetic resonance and nuclear medicine imaging.
End User
· Hospitals
· Diagnostic Centres
· Research Centres
On the basis of level of end user, the computer aided detection (CAD) market is segmented into hospitals, diagnostic centers and research centers.
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This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
• How will the major segments of this international market develop over the next few years?
• Who are the major players that will dominate the market in the future?
• When it comes to this industry, who are the top suppliers and producers?
• How have the most successful companies in the industry planned for future growth and expansion?
• In what sectors might we expect to see the greatest increase in demand over the coming years?
• How many distinct subsets of buyers make up this market?
• Which regional powerhouse do you foresee as becoming the largest player in the international market?
• Does a new coronavirus pandemic have any consequences?
• In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
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