
According to this latest publication from Meticulous Research®, the Computer-aided Detection (CAD) Market is projected to reach $1.56 billion by 2031, at a CAGR of 7.4% during the forecast period 2024–2031.The growth of this market is driven by the rising prevalence of chronic diseases, increasing awareness regarding the importance of early cancer diagnosis, increasing investments and funding for cancer research, and rising healthcare expenditures. Additionally, the growing acceptance of CAD among radiologists, increasing cancer screening programs, and advancements in CAD solutions, such as the integration of Artificial Intelligence (AI) and Machine Learning (ML), are expected to generate significant market growth opportunities.
However, the high costs of CAD solutions restrain the growth of this market. Additionally, the lack of technical expertise required for using CAD solutions is a significant challenge impacting the market's growth.
Key Players
The key players operating in the Computer-aided Detection (CAD) market are Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), GE HealthCare Technologies Inc. (U.S.), Hologic, Inc. (U.S.), FUJIFILM Holdings Corporation (Japan), EDDA Technology, Inc. (U.S.), Canon Medical Systems Corporation (Japan), Riverain Technologies (U.S.), Median Technologies (France), Agfa-Gevaert NV (Belgium), iCAD Inc. (U.S.), CureMetrix, Inc. (U.S.), and THERAPIXEL (France).
Computer-aided Detection (CAD) Market: Future Outlook
The Computer-aided Detection (CAD) market is segmented based on Application (Oncology [Breast Cancer, Lung Cancer, Liver Cancer, Bone Cancer, Other Cancers], Cardiology, Other Applications), Imaging Modality (Mammography, Magnetic Resonance Imaging [MRI], Ultrasound Imaging, Computed Tomography [CT], Other Imaging Modalities), End User (Hospitals & Clinics, Diagnostic Imaging Centers, Ambulatory Care and Surgery Centers), and Geography. The study also evaluates industry competitors and analyzes the CAD market at the regional and country levels.
Based on application, the CAD market is segmented into oncology, cardiology, and other applications. In 2024, the oncology segment is expected to account for the largest share of the CAD market. The segment’s large share is attributed to the increasing awareness regarding the importance of early cancer diagnosis and the growth in cancer awareness and screening programs. For instance, in October 2023, the Government of Luxembourg launched a breast cancer awareness program to combat breast cancer and highlight the importance of early detection. Also, in February 2023, the Union for International Cancer Control (UICC) (Switzerland) launched a breast cancer awareness program to facilitate the early detection of breast cancer.
Based on imaging modality, the CAD market is segmented into mammography, Magnetic Resonance Imaging (MRI), ultrasound imaging, Computed Tomography (CT), and other imaging modalities. In 2024, the mammography segment is expected to account for the largest share of the CAD market. The segment’s large share is attributed to the introduction of advanced mammography systems with cutting-edge technologies. Mammography enables early detection and identification of cancers, which is critical for effective cancer diagnosis and treatment. Furthermore, computer-aided digital mammograms expose cancer patients to substantially less radiation compared to traditional film mammography, preventing hazardous side effects.
Based on end user, the CAD market is segmented into hospitals & clinics, diagnostic imaging centers, and ambulatory care and surgery centers. In 2024, the hospitals & clinics segment is expected to account for the largest share of the CAD market. The segment’s large share is attributed to the growing number of hospitals and clinics. For instance, according to the American Hospital Association (AHA), the total number of hospitals in the U.S. increased from 5,534 in 2018 to 6,093 in 2022, an 11.9% increase. Furthermore, as per the Federal Statistical Office of Germany, the total number of hospitals in Germany reached 1,893 in 2022. Also, the availability of highly skilled professionals in hospitals and clinics drives the demand for CAD solutions.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5756
Geographic Review
This research report comprehensively analyzes major geographies, namely North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the CAD market, followed by Europe and Asia-Pacific. Furthermore, in 2024, the U.S. is expected to be the largest market share holder in the region. North America’s large share is attributed to the region’s advanced healthcare infrastructure and the presence of major market players such as GE HealthCare Technologies Inc. (U.S.) and Hologic, Inc. (U.S.).
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Article source: https://article-realm.com/article/Business/60582-Computer-aided-Detection-CAD-Market-to-be-Worth-1-56-Billion-by-2031.html
Reviews
Comments
Most Recent Articles
- Feb 14, 2025 Connected TV Market Share, Size, Leading Players and Forecast to 2024-2030 by ElectroByte
- Feb 14, 2025 Guide To Pipe Flange Measurement by leah li
- Feb 14, 2025 Secure Self Storage Hamilton: Safe & Affordable by Evan
- Feb 13, 2025 What Is The Issue with Cutting And Replacing Boiler Tubes? by leah li
- Feb 13, 2025 Corrosion Resistance Competition of Seamless Pipes for Water Transport by Jane Tian
Most Viewed Articles
- 5464 hits Mist Sprayer Pumps Market Demands, Trends, Industry Analysis, Segmentation by 2032 by ellamrfr
- 4167 hits Flexographic Printing Plates Market Size, Share, Report 2024-32 by ellyse perry
- 1380 hits Plastic Bottles and Containers Market to Signify Strong Growth by 2024-2031 by mansi jain
- 1188 hits Glass Bottle & Container Market Size Analysis, Key Players and Forecast - 2031 by faraz pathan
- 1075 hits Catalase Market Size | Report 2024-2032 by ellyse perry
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
77886 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is...
33590 Views

Facebook, the best and most used social app in the world, has all the social features you need. However, one feature is missing. You cannot chat...
19070 Views

Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
14916 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
11668 Views
Statistics
Members | |
---|---|
Members: | 16307 |
Publishing | |
---|---|
Articles: | 66,152 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 738 |
Members: | 4 |
Guests: | 734 |
Bots: | 4475 |
Visits last 24h (live): | 2881 |
Visits last 24h (bots): | 16375 |