Computer Aided Detection Market on a Dexterous Growth Trajectory on Back of Rapid Detection of Debilitating Diseases
Computer aided assistance in medical sciences has existed for a long time. Since the last two decades, doctors, researchers and practitioners have been using medical imaging devices that are integrated with computer aided detection (CADe) or computer aided diagnosis (CADx).
The demand for such assistance arose from the increasing need for expert inferences. Computer aided detection has been used to increase sensitivity of diagnostic imaging in case of medical investigation and differential diagnostics.
Computer aided detections enable timely detection of debilitating diseases such as cancer.
This has motivated patients to opt for random tests and checkups. On the back of these trends, the global computer aided detection market is anticipated to register imminent growth opportunities in the future.
The market is foreseen to expand at a healthy CAGR of 9.8% during the forecast period (2020-2025), surpassing a value of US$ 1.1 Bn.
Mammography to Capture Lucrative Share, Tomosynthesis to Expand Impressively
Mammography procedures are forecast to utilize significant computer aided detection procedures in the future. This is attributed to rising incidences of breast cancer among women.
Mammography is majorly performed for two purposes: diagnostic and simple screening for genetic traits of breast cancer. Also, images from breast cancer can be manipulated for better views and stored easily.
The segment is anticipated to register a staggering CAGR of 8.3%, capturing over two-fifth of the overall computed aided detection market.
The tomosynthesis segment is projected to expand rapidly throughout the forecast period. Rising adoption of digital breast tomosynthesis is attributed to the fact that it provides a high-contrast image and accuracy.
The radiation is more concentrated and imaging of the entire breast is performed with a limited degree scan. Also, evaluation of dense breasts and lesion contour by tomosynthesis is more sensitive than a mammography.
An impressive CAGR of 13.6% is projected for the tomosynthesis segment during the forecast period.
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North America Poised to Remain Dominant, Asia-Pacific to Experience Burgeoning Growth
North America is anticipated to dominate the global computer aided detection market, owing to increasing incidences of breast cancer.
Development of advanced breast cancer imaging techniques, combined with increase in awareness about early breast cancer screening are also anticipated to drive the North American market forward.
Projections indicate a market share amounting to more than half of the overall North American computer aided detection market.
Asia-Pacific is anticipated to be the most attractive market for computer aided detection technologies.
A large patient pool, owing to a huge population base and subsequent incidences of diseases shall propel market growth.
Moreover, affordable investment costs has motivated key manufacturers to increase their scale of operations, thus boosting the computer aided detection market. A staggering CAGR of 14.3% is predicted for the Asia-Pacific market.
Investment in Digital Solutions Pave Way for Competitive Edge
The global computer aided detection market is largely consolidated. The top five players:
- Hologic Inc.
- GE Healthcare
- Invio Corporation
- Siemens Healthcare
- Agfa-Gevaert N.V.,
account for almost three-quarters of the market. Out of these, Hologic, Inc., dominates the computer aided detection market.
A diversified product portfolio, extensive geographical presence and acquisition strategies has enabled it to retain market presence.
The company offers digital mammography solutions through its Selenia, SecureView, Trident Specimen Radiography System and Digital SteroLoc.
GE Healthcare accounts for the second largest share in the computer aided detection market. The company provides diagnostic imaging solutions, healthcare IT solutions, radiography and fluoroscopy.
Its mammography systems include SenoClaire, SenoBright CESM and Pristina Serena 3D devices.
The third player, Agfa-Gevaert N.V. offers IT and digital imaging solutions and distributes them to healthcare industries. It offers digital radiography services through its CR-10-X, CR-12-X, CR-15-X and CR-30-X platforms respectively.
In addition, Agfa also offers mammography solutions via the MAMORAY HDR C-PLUS FILM which offers exceptional mammography image quality. It is equipped with the Cubic Crystal Technology which minimizes noise and enhances image consistency.
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Global Computer Aided Detection Market Segmentation
Fact.MR has studied the global computer aided detection market with detailed segmentation on the basis of application, imaging modality and key regions.
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Global Computer Aided Detection Market- Scope Of The Report
The recent study by Fact.MR on global computer aided detection market offers a 5-year forecast between 2020 and 2025.
The study analyzes crucial trends that are currently determining the growth of the global computer aided detection market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of computer aided detection devices.
The study also provides dynamics that are responsible for influencing the future status of the global computer aided detection market over the forecast period.
A detailed assessment of the global computer aided detection market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report.
A list of prominent companies operating in the global computer aided detection market along with their product portfolio enhances the reliability of this comprehensive research study.
Global Computer Aided Detection Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in the global computer aided detection market across the globe.
A comprehensive estimate on the global computer aided detection market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of global computer aided detection devices during the forecast period.
Price point comparison by region with global average price is also considered in the study.
Global Computer Aided Detection market: Analysis on Market Size Evaluation
The global computer aided detection market has been analyzed for each market segment, in terms of value (US$ Mn).
Market estimates at global and regional levels for global computer aided detection is available in terms of “US$ Mn” for value, along with market attractiveness evaluation in the report.
A Y-o-Y growth contrast on prominent computer aided detection segments, along with market attractiveness evaluation has been incorporated in the report.
Global Computer Aided Detection Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the global computer aided detection market report, which have helped to deliver projection on the regional markets.
These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of global computer aided detection market during the forecast period.
Country-specific valuation on demand for global computer aided detection has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries.
Detailed breakup in terms of value for emerging countries has also been included in the report.
Global Computer Aided Detection Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of global computer aided detection devices along with their detailed profiles.
Essential and up-to-date data information related to the market performers, who are principally engaged in the production of global computer aided detection devices, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player.
Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in global computer aided detection market.
Prominent manufacturers with established market presence in global computer aided detection market are Hologic, Inc., GE Healthcare, Invio Corporation, Siemens Healthcare and Agfa-Gevaert N.V.
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