Global Computer Aided Detection Market Size, Status and Forecast 2021-2027

Computer Aided Detection (CAD) software is a set of algorithms that uses pattern recognition method predominantly to aid physicians for interpretation of medical images. Increasing number of patients opting for diagnostic imaging techniques is expected to propel the volume of image data to be analyzed. This factor increases the probability of risk for failure in detecting abnormalities. To rectify this situation, CAD as a diagnostic analysis technology was introduced to assist physicians in reducing detection errors. This is achieved by using the clinical images generated through various imaging modalities such as X-Ray imaging, MRI, and computed tomography and ultrasound imaging. In recent years, the global CAD market experienced strong growth owing to increasing awareness of cancer diagnosis in early stages. Incidences of various types of cancers such as lung, prostate, breast and colorectal cancer is gradually increasing. For instance, the American Cancer Society estimated that more than one Mn people in U.S. are diagnosed with cancer every year and in 2012, 14.1 Mn new cases of cancer were reported. It has also been reported that in the same year, 8.2 Mn people died of cancer, which accounted for 14% of the overall deaths in 2012. Cancers such as colorectal, lung, stomach, breast, prostrate, cervical cancer and leukemia are the most common types of cancer. A publication in association with the World Health Organization (WHO) and the International Agency for Research on Cancer (IARC), stated that occurrence of cancer increased with the growing age of individuals.
Increasing awareness of successful cancer treatment which needs early diagnosis is driving the population towards routine checkups and is expected to boost global CAD market growth during the forecast period. Furthermore, availing health insurance requires mandatory pre-screening tests for chronic diseases. Thus, as the demand for insurance will gradually increase, the need for precise screening tools shall also increase correspondingly. Hence, growth in demand for insurance policies is expected to increase the adoption rate of CAD solutions in diagnostic tools. High preference for digital breast tomosynthesis is another factor that drives the growth of the global computer aided detection market. In digital breast tomosynthesis, the radiation is more concentrated and imaging is done of the complete breast with limited degree scan. Most of the imaging done is by reconstruction and is generally based on expectation–maximization algorithm. Digital breast tomosynthesis is, therefore, a computer aided detection wherein great computational power and image construction algorithm is required to produce detailed images of the breast.

Market Analysis and Insights: Global Computer Aided Detection Market
The global Computer Aided Detection market size is projected to reach US$ 1297 million by 2026, from US$ 929.5 million in 2019, at a CAGR of 4.8% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Computer Aided Detection market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Computer Aided Detection market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Computer Aided Detection market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Computer Aided Detection market.

Global Computer Aided Detection Scope and Market Size
Computer Aided Detection market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Computer Aided Detection market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Mammography
Ultrasound Imaging
Magnetic Resonance Imaging
Tomosynthesis
Computed Tomography
Others

Segment by Application
Hospitals
Diagnostic Centers
Research Centers

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Hologic
ICAD
Agfa-Gevaert
EDDA Technology
Fujifilm Medical Systems
Invivo
GE Healthcare
Philips Healthcare
Hitachi Medical