Computer Aided Detection (CAD) Market To Reach $1.9 Billion By 2022: Grand View Research, Inc.
Global computer aided detection market is expected to
reach USD 1.9 billion by 2022, according to a new report by Grand View Research
Inc. CAD software tools have been introduced to support radiologists to cope
with the growing number of images requiring interpretation. Increasing incidence
rate of breast, prostate and lung cancer, rising technological advancements,
and increasing use of CAD with other imaging modalities such as ultrasound and
magnetic resonance imaging are expected to serve this industry as high-impact
rendering drivers.
In the U.S., prostate cancer is one of the most common
cancers amongst men and has increased the demand for multi-parametric Magnetic
Resonance Imaging (MP-MRI) CADx systems for diagnosis and detection of prostate
cancer.
In screening mammography, the traditional concept of double
reading by the second clinician is expected to be replaced by CAD, of breast
cancer completely. This is due to the additional reimbursement generated by
computer-aided detection unlike the double readings that demand more of radiologists’
time without any reimbursement for the second read.
Wide research has been undertaken to come up with new
findings establishing the relation of cancer with anatomy. For instance, Johns
Hopkins researchers established the presence of dense clumps of bacteria in
ascending colon to cancer.
CAD is most widely used for breast cancer imaging due to a
higher incidence of cancer in women with morbidity of 14 million new cases and
8.2 deaths according to the WHO 2012. With the increasing demand for imaging and
the growing rate of chronic diseases, the demand for imaging technologies is
expected to increase. Computer aided detection is now used with other imaging
modalities such as ultrasound, nuclear imaging, magnetic resonance imaging,
etc.
In 2014, mammography dominated the industry as the
prevalence of cancer is high and is the leading cause of morbidity and
mortality. According to the World Cancer Research Fund International 2012,
North America and Oceania have the highest incidence rate of breast cancer and
Asia and Africa has the lowest.
Digital imaging technique advancements are the other
contributing factors for market growth as it has increased ease-of-integration
of CAD solutions with imaging equipment and has also improved the efficiency of
computer aided detection solutions.
Browse full research report on Global Computer Aided Detection (CAD) Market: http://www.grandviewresearch.com/industry-analysis/computer-aided-detection-market
Further key findings from the study suggest:
- In
2014, mammography dominated the market due to the fact that it has high
potential for breast cancer imaging and was one of the first segments in
which companies developed CAD software and till date most of it is working
on this indication.
- According
to the WHO data 2012, there were 14 million new cases of breast cancer.
The increasing awareness has led increase in regular cancer check-ups as a
preventive step.
- The
demand for CAD has grown in chest imaging such as low-dose lung cancer
screening due to Multidetector Computed Tomography (MDCT) indications.
Furthermore, CAD has been brought in use for established areas of chest CT
such as diagnosis of interstitial lung disease and acute Pulmonary
Embolism (PE).
- CAD is
also used with other imaging modalities such as x-ray, computed
tomography, and ultrasound. Out of these, the use of CAD for x-ray imaging
is the highest as it is the basic imaging and due to the recent advances
overcoming its limitations of soft tissue imaging.
- North
America was the most revenue generating region of the market. The market
contributed more than 40% of the revenue in 2014. Constant efforts to fuel
the market with newer technologies and the use of computer aided detection
for integrative diagnosis apart from image analysis are expected to drive
regional market growth over the forecast period.
- Asia
Pacific and Europe are expected to spearhead future market growth due to
the availability of cost-effective technologies and rise in medical
tourism. UK cancer patients mostly treat themselves in Eastern Europe,
Germany, France, and Spain as these nations specialize in cancer
treatments, and as flights to these destinations are relatively cheaper
and consume lesser time.
- Key
market players are EDDA Technology, Inc., FUJIFILM Medical Systems,
Hitachi High Technologies Corporation, Hologic Inc., iCAD, Inc., Vucomp,
McKesson Corporation, Philips Healthcare, Siemens Healthcare, and Toshiba
Medical Systems Corporation.
Browse more reports of this category by Grand View
Research:
http://www.grandviewresearch.com/industry/clinical-diagnostics
http://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global Computer Aided
Detection (CAD) market on the basis of application, breast CAD imaging
modalities, imaging modalities, and region:
Global Computer Aided Detection (CAD) Application
Outlook (Revenue, USD Million, 2012 - 2022)
- Breast
Cancer
- Lung
Cancer
- Colon/
Rectal Cancer
- Prostate
Cancer
- Liver
Cancer
- Bone
Cancer
- Neurological/
Musculoskeletal/ Cardiovascular
Global Breast CAD Imaging Modalities Outlook
(Revenue, USD Million, 2012 - 2022)
- Mammography
- Magnetic
Resonance Imaging
- Ultrasound
Imaging
- Tomosynthesis
- Nuclear
Imaging
- Others
Global imaging modalities Outlook (Revenue, USD
Million, 2012 - 2022)
- X-Ray
Imaging
- Computed
Tomography
- Ultrasound
Imaging
- Magnetic
Resonance Imaging
- Nuclear
Medicine Imaging
- Others
Computer Aided Detection (CAD) Regional Outlook (Revenue,
USD Million, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- RoW
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-computer-aided-detection-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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