Fact.MR – A Market Research and Competitive Intelligence Provider: As per a recent market analysis by Fact.MR, the global computer-aided detection market is poised to expand at a healthy 9.8% CAGR, surpassing a valuation of US$ 1.1 Bn over the forecast period 2020 to 2025.
Demand for Computer-Aided Detection for Breast Cancer to Rise at 8.3% CAGR through 2025
Fact.MR’s latest market survey divulges important developments in the global computer-aided market. It offers insights into trends, opportunities, and threats impacting sales of computer-aided detection systems. The study also highlights growth opportunities adopted by leading market players to gain a competitive edge in the market. According to the report, applications of computer-aided detection systems for breast cancer detection are projected to remain high.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per a recent market analysis by Fact.MR, the global computer-aided detection market is poised to expand at a healthy 9.8% CAGR, surpassing a valuation of US$ 1.1 Bn over the forecast period 2020 to 2025.
Rising incidence of breast cancer and cardiovascular diseases has amplified the need for early diagnosis more than ever. In response to this, medical professionals are increasingly adopting computer-aided detection systems to improve the sensitivity of diagnostic imaging for medical investigation and ensure better outcomes.
Recent data released by BreastCancer.org has stated that about 1 in every 8 women in the U.S. are at risk of developing invasive breast cancer over the course of their lifetime. Increasing rate of breast cancer will thereby spur demand for computer-aided detection for mammography.
In addition to this, growing adoption of tomosynthesis for accurate and early diagnosis of breast cancer is anticipated to provide tailwinds to sales of computer-aided detection devices. Tomosynthesis offers better evaluation of denser breast tissue and lesion contour. Hence, increasing adoption of tomosynthesis and mammography is expected to bode well for the market in forthcoming years.
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Regionally, North America is projected to record the highest demand for computer-aided detection systems. Rising prevalence of breast cancer, colon cancer, and cardiovascular diseases in the country, along with increasing demand for technology-enabled medical equipment is anticipated to fuel sales of computer-aided detection systems through 2025.
Similar trend is projected to influence demand in the Asia Pacific market. The availability of cost-effective digital components, coupled with rising awareness regarding cancer and cardiovascular diseases in countries such as India, China, South Korea, and Japan are expected to propel demand for computer-aided detection systems over the forecast period.
“Growing demand for early diagnosis of various cancers and cardiovascular diseases, developments in digital imaging systems such as improvement in image quality, and incorporation of crystal cube technology to minimize sound in mammography are projected to augment growth of the global computer-aided detection market through 2025,” says a Fact.MR analyst.
Key Takeaways:
- Based on application, sales of computer-aided detection for breast cancer diagnosis are projected to rise at 8.3% CAGR.
- In terms of imaging modality, the tomosynthesis segment is expected to expand at a 13.6% CAGR.
- North America will continue its dominance in the global computer-aided detection market, capturing more than 50% of the total market share.
- Asia Pacific is projected to emerge as an attractive computer-aided detection market with sales growing at an impressive 14.3% CAGR through 2025.
Growth Drivers:
- Roll out of favorable healthcare reimbursement plans in various countries are expected to boost sales of computer-aided detection systems.
- Favorable import and export policies will help in streamlining the distribution of medical equipment. This will bolster demand for computer-aided detection systems.
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Competitive Landscape
Leading players operating in the global computer-aided detection market are investing in intensive research and development to expand their product portfolio and cater to a growing customer pool. Besides this, collaborations, mergers, and acquisitions are expected to help key players in expanding their global footprint.
For instance, Agfa-Gevaert N.V. offers IT and digital imaging solutions to the healthcare industry. The company offers digital radiography services through CR-10-X, CR-12-X, CR-15-X, and CR-30-X platforms.
Key Players in the Computer-Aided Detection Market Include:
- Hologic Inc.
- GE Healthcare
- Invio Corporation
- Siemens Healthcare
- Agfa-Gevaert N.V.,
- Fujifilm Holdings Corporation
- iCAD, Inc.
- Koninklijke Philips N.V.
- Toshiba Medical Systems Corporation
- Samsung Medison Co. Ltd.
- Hitachi Medical Corporation (Hitachi, Ltd.)
- McKesson Corporation
More Valuable Insights on Computer-Aided Detection Market
Fact.MR provides an unbiased analysis of the computer-aided detection market, presenting historical demand data (2014-2019) and forecast statistics for the period from 2020-2025. The study divulges compelling insights on the global computer-aided detection market with a detailed segmentation on the basis of:
Application:
- Oncology
- Breast Cancer
- Lung Cancer
- Colorectal Cancer
- Prostate Cancer
- Liver Cancer
- Bone Cancer
- Other Cancer
- Cardiovascular & Neurological Indications
Imaging Modality:
- Mammography
- MRI
- CT
- Tomosynthesis
- Others (Nuclear Imaging Technology, etc.)
Regions:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Key Questions Covered in the Computer-aided Detection Market Report
- The report offers insight into the computer-aided detection market demand outlook for 2020-2025.
- The market study also highlights projected sales growth for computer-aided detection market between 2020 and 2025.
- Computer-aided detection market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Computer-aided detection market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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