Computer Aided Detection Market Is Projected To Witness Growth Based On Increasing Incidence Rate Of Breast, Prostate & lung Cancer Till 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 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
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
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.
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