A detailed analysis of the Global Computer Aided Detection (CAD) Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Computer Aided Detection (CAD) Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.
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Market Overview:
The global Computer-Aided Detection (CAD) market size was USD 737.4 Million in 2022 and is expected to reach USD 1,549.43 Million in 2032, and register a rapid CAGR of 8.6% during the forecast period. Rising prevalence of cancer and demand for minimally invasive procedures, technological advancements in CAD systems, and increasing awareness among healthcare professionals about the benefits of CAD are key factors driving market revenue growth.
CAD is a collection of algorithms that use pattern recognition to help physicians interpret medical images. According to the World Health Organization (WHO), cancer is the second leading cause of death globally, with an estimated 9.6 million deaths in 2018. Computer-aided detection systems provide accurate and efficient detection of cancer, leading to rising demand for CAD systems.
Strategic Development
- In 2021, Siemens Healthineers acquired Varian Medical Systems, a US-based company that specializes in cancer care, for $16.4 billion. The acquisition was aimed at strengthening Siemens Healthineers’ position in the oncology market and expanding its product offerings in cancer care.
- In 2020, Fujifilm Holdings Corporation acquired Hitachi Healthcare Americas Corporation, a US-based company that specializes in medical imaging, for $1.56 billion. The acquisition was aimed at expanding Fujifilm’s product portfolio in medical imaging and strengthening its position in the global healthcare market.
- In 2020, Hologic, Inc. acquired Biotheranostics, Inc., a US-based company that specializes in molecular diagnostic tests for breast cancer, for $230 million. The acquisition was aimed at strengthening Hologic’s position in the Breast Cancer Diagnostics market and expanding its product offerings in molecular diagnostics.
- In 2020, Koninklijke Philips N.V. announced a strategic collaboration with the US-based company, Paige.AI, to develop artificial intelligence (AI) applications for the diagnosis and treatment of cancer. The collaboration was aimed at leveraging Paige.AI’s expertise in AI-based pathology and Philips’ expertise in medical imaging to improve cancer diagnosis and treatment.
Key Players covered in this report are
- General Electric Company
- Siemens Healthineers
- Koninklijke Philips N.V.
- Fujifilm Holdings Corporation
- Hologic, Inc.
- iCAD, Inc.
- Agfa-Gevaert N.V.
- Canon Inc.
- Planmeca Oy
- Mckesson Corporation
- Volpara Health Technologies
Segments Covered in Report:
By Imaging Modality Outlook
- Mammography
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Ultrasound
- Others
By Application Outlook
- Breast Cancer
- Lung Cancer
- Colorectal Cancer
- Prostate Cancer
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Computer Aided Detection (CAD) industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Computer Aided Detection (CAD) manufacturers and provides valuable insight into the market for companies and individuals.
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