Computer Aided Detection (CAD) Market Size Is Anticipated To Witness Lucrative Growth By 2022
New Market Research Reports Title “Computer Aided Detection Market Analysis Size and Segment Forecasts to 2022” Has Been Added to Grand View Research Report Database
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 Global Computer Aided Detection (CAD) Market: http://www.grandviewresearch.com/industry-analysis/computer-aided-detection-market
Further key findings from the study suggest:
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)
Global Breast CAD Imaging Modalities Outlook (Revenue, USD Million, 2012 - 2022)
Global imaging modalities Outlook (Revenue, USD Million, 2012 - 2022)
Computer Aided Detection (CAD) Regional Outlook (Revenue, USD Million, 2012 - 2022)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-computer-aided-detection-market
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