Computer Aided Detection (CAD) Market Worth To Reach USD 1579.5 Million By 2028 Says Reports And Data

The global computer aided detection (CAD) market size is expected to reach USD 1579.5 million in 2028 and register a CAGR of 10.9% according to the latest report by Reports and Data. Growing need for computational assistance for error-free, precise detection and rising awareness about importance of early diagnosis of diseases to minimize death rates are key factors fueling global market revenue growth.

Rising prevalence of chronic diseases, such as breast cancer, lung cancer, stroke, and neurological dysfunctions, is a primary factor increasing demand for CAD systems. Technological advancements in diagnostic techniques, increasing efforts by government to raise awareness about cancer and treatment, and growing investments by market players to develop advanced products with 3D imaging are significant factors boosting revenue growth.

However, factors, such as unfavorable reimbursement policies, increasing costs associated with CAD tools, and lack of trained professionals to operate systems are major restraining factors expected to affect growth of global computer aided detection market.

EDDA Technology, Inc., FUJIFILM Medical Systems, Hitachi High Technologies Corporation, Hologic Inc., GE Healthcare Ltd., iCAD, Inc., Vucomp, McKesson Corporation, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, Invivo Corporation, and Agfa-Gevaert N.V are key players operating in the global computer aided detection market.

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Some key highlights in the report:

Based on application, the cardiovascular segment is expected to account for a considerable market share between 2021 and 2028. Rising prevalence of cardiovascular diseases around the globe and increasing need for accurate diagnosis of disease are key factors boosting segment revenue growth, thereby supporting global market growth.

Among the imaging modalities segments, the mammography segment accounted for largest market share in 2021 and is expected to maintain its dominant position during the forecast period. Rising prevalence of breast cancer worldwide, increasing awareness about need for early breast cancer screening, and increasing deployment of CAD mammography systems, especially in multispecialty hospitals, are fueling segment revenue growth.

Asia Pacific is expected to account for fastest revenue growth over the forecast period. Factors, such as growing awareness about need for early detection and treatment for chronic diseases, government initiatives to raise awareness about cancer and importance of periodic health checkups, and rising investment in research and development activities are fueling global market growth in the region.

North America dominated other regional markets in the global computer aided detection market in 2021. The region is expected to account for robust revenue growth throughout the forecast period. High revenue share is attributable to factors, such as availability of advanced diagnostic technology, increasing adoption of CAD systems, and well-established healthcare systems…Continue

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For this study, Reports and Data has segmented the global Computer Aided Detection (CAD) market based on Application, Breast CAD Imaging Modalities, Imaging Modalities, and Region:

Application Outlook (Revenue, USD Million, 2018-2028)

Oncology
Breast Cancer
Lung Cancer
Colon/ Rectal Cancer
Prostate Cancer
Liver Cancer
Bone Cancer
Neurological
Musculoskeletal
Cardiovascular
Imaging modalities Outlook (Revenue, USD Million, 2018-2028)

Mammography
Tomosynthesis
X-Ray Imaging
Computed Tomography
Ultrasound Imaging
Magnetic Resonance Imaging
Nuclear Medicine Imaging
Others
Regional Outlook (Revenue, USD Million, 2018 - 2028)

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Rest Of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA

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Report Highlights:

The report provides a detailed analysis on current and future market trends to identify the investment opportunities

Market forecasts till 2028, using estimated market values as the base numbers

Key market trends across the business segments, regions and countries

Key developments and strategies observed in the market

Market Dynamics such as Drivers, Restraints, Opportunities and other trends

In-depth company profiles of key players and upcoming prominent players

Growth prospects among the emerging nations through 2028

Market opportunities and recommendations for new investments

Table of Content:

Chapter 1. Methodology and Scope

1.1. Research methodology
1.2. Research scope & assumption
1.3. List of data sources

Chapter 2. Executive Summary

2.1. Computer Aided Detection (CAD) Market - Industry Summary and Key Buying Criteria, 2018-2028

Chapter 3. Computer Aided Detection (CAD) Industry Outlook

3.1. Computer Aided Detection (CAD) Market Segmentation
3.2. Computer Aided Detection (CAD) Market Size and Growth Prospects
3.3. Computer Aided Detection (CAD) Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis

Continue…

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