Global Computer Aided Detection Market: Overview

Computer Aided Detection (CAD) is a clinically established tool that helps in the diagnosis or detection of cancer, cardiovascular and neurological diseases. This tool works by assisting physicians in decreasing the false negative rate, detecting cancer at early stages, reducing the mortality rates for cancer and other diseases, and improving inter and intra reader variability. In addition, CAD systems are extensively used to help physicians in numerous tasks that include providing a second opinion to the diagnostic and detection outcomes and automatically recognizing all non-calcified lesions doubted of malignancy at images. The global computer aided detection market is estimated to be worth US$1115.3 mn by the end of 2025, as the market promises to exhibit a CAGR of 9.8% from 2017 to 2025.

global computer aided detection market

Oncology Segment to Continue Dominance as Awareness about Cancer Spreads

The CAD market is broadly classified on the basis of application, imaging modalities and geography. Oncology segment dominates the global computer aided detection market by application with market share of 92.4% in 2016. The increasing awareness about various types of cancers and introduction of advanced technologies are projected to benefit the rise of this segment. Imaging modalities such as mammography, magnetic resonance imaging (MRI), ultrasound imaging, tomosynthesis, computed tomography (CT), and others have also been studied for the purpose of understanding their impact on the overall market. Mammography is the oldest segment of CAD application owing to the traditional methods like simple breast X-ray, which were used for detection breast cancer. Growth of the segment is attributed with increasing awareness of breast cancer and rising demand for CAD installations in large multispecialty hospitals. The improving versatility of this technology is also expected to promote its dramatic rise in the near future. Increasing research activities to use computer aided detection techniques in diagnostics have also accelerated the growth of the segment.

North America Leads CAD Uptake with Rise in Breast Cancer Incidences

North America accounted for the largest share in the global computer aided detection (CAD) market in 2016 owing to the rising incidences of breast cancer in the region. This gradually impacted to other cancer applications and found increased appreciation among medical practitioners. The European region later followed the same suit but majorly in breast cancer segment. The Asia-Pacific region on the other hand is expected to represent the highest growth rate during the forecast period owing to the growing incidence of cancer in these regions. WHO states that more than 3 million new cases are registered each out of which 1.7 million meet a fatal end. This makes cancer is the second most common cause of death and morbidity in Europe. Europe comprises only one eighth of the world’s population; however, the region has accounts for one fourth of the global cancer cases. According to the American Cancer Society, 246,660 women were diagnosed with non-invasive breast cancer in 2016. The survival rate of breast cancer varies across the world, ranging from 80% in North America, Japan, and Sweden to 60% in middle income developing countries, and 40% in lower income developing countries.

The major players of this market include Agfa-Gevaert N.V, iCAD, Inc., Hologic, Inc., G.E Healthcare Ltd, Invivo Corporation, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems Corp., and McKesson Corporation. Hologic, Inc. was the leading player in the global computer aided detection (CAD) market.

Global Computer Aided Detection Market: Overview

Computer Aided Detection (CAD) is a clinically established tool that helps in the diagnosis or detection of cancers, cardiovascular and neurological diseases by assisting physicians in decreasing the false negative rate, detecting cancer at early stages, reducing the mortality rates caused due to cancer and other diseases, and improving inter and intra reader variability. Additionally, CAD systems are extensively used to help physicians in numerous tasks that include providing a second opinion to the diagnostic and detection outcomes and automatically recognizing all non-calcified lesions doubted of malignancy at images. Currently with technological advancement, even a moderately trained physician has the same diagnostic skill like an experienced radiologist. CAD has also been used to increase the sensitivity of diagnostic imaging in cases of medical investigation and differential diagnostics.

The global computer aided detection market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on application, imaging modality and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global computer aided detection market.

Global Computer Aided Detection Market: Key Segments

Based on application the global computer aided detection market is segmented into oncology and cardiovascular and neurological indications. The oncology segment is further classified into breast cancer, lung cancer, colorectal cancer, prostate cancer, liver cancer, bone and others.

The application segments have been analyzed based on incidence of diseases, awareness regarding early diagnosis and presence of key players in the region. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

According to imaging modality the global computer aided detection market is segmented into mammography, MRI, ultrasound imaging, tomosynthesis, CT and others. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Computer Aided Detection Market: Regional Outlook

Geographically, the global computer aided detection market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany and Rest of Europe), Asia Pacific (China, Japan and Rest of Asia Pacific), Latin America (Brazil and Rest of Latin America) and Middle East & Africa (South Africa and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the computer aided detection market are Agfa-Gevaert N.V., Fujifilm Medical Systems USA, Inc., GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Samsung Medison Co. Ltd, and Philips Healthcare are among others.

The global computer aided detection market has been segmented as follows:

Computer Aided Detection Market, by Application

  • Oncology
    • Breast Cancer
    • Lung Cancer
    • Colorectal Cancer
    • Prostate Cancer
    • Liver Cancer
    • Bone Cancer
    • Others
  • Cardiovascular and Neurological Indications

Computer Aided Detection Market, by Imaging Modality

  • Mammography
  • MRI
  • Ultrasound Imaging
  • Tomosynthesis
  • CT
  • Others

Computer Aided Detection Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • Rest of Middle East & Africa