The global rise in the incidence of various cancers is the major factor driving the computer aided detection market, TMR finds. “The number of cancer cases, according to the WHO, is projected to increase by 30% in the next two decades, with Asia, Africa, and South and Central America accounting for most of the world’s new cancer cases and cancer deaths,” the TMR analyst states. Read More: http://www.transparencymarketresearch.com/computer-aided-detection.html

1. Computer Aided Detection Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024
The global computer aided detection market is extremely consolidated,
with the top five players – namely Hologic, Inc., GE Healthcare, Invivo
Corporation, Siemens Healthcare, and Agfa-Gevaert N.V. – accounting
for nearly three quarters of the market in 2014.
Transparency Market Research finds that among these, Hologic alone
held a share of 35% that year, emerging as the clear leader. “A
diversified product portfolio, well-timed acquisition strategies, and
extensive geographical presence have enabled these companies to
dominate the market,” the author of the study states.
The global rise in the incidence of various cancers is the major factor
driving the computer aided detection market, TMR finds. “The number
of cancer cases, according to the WHO, is projected to increase by 30%
in the next two decades, with Asia, Africa, and South and Central
America accounting for most of the world’s new cancer cases and cancer
deaths,” the TMR analyst states.
This alarming rise in cancer incidence and prevalence has encouraged
citizens in developed as well as developing countries to opt for random
tests and checkups. Early detection leads to high cure rate, especially in
cancer, and the growing adoption of diagnostics and detection equipment
is likely to fuel the demand for computer aided detection products.

2. Browse Full Research Report on Computer Aided Detection
Market: http://www.transparencymarketresearch.com/computer-aided-
detection.html
The technique of refining images to reveal intricate details is rather
complex and requires specific technical skills pertaining to computer
operations. “The lack of skilled and experienced programmers and
technicians has proven to be challenging for the computer aided
detection market in several developing countries,” the author of the
study observes.
This has widened the gap between the global demand for and supply of
CAD technology, thereby forcing potential customers to look for
alternatives, which ultimately hurts the bottomlines of players in the
computer aided detection market. In addition, premium pricing of
software solutions and noted resistance from conservative medical
practitioners hampers the adoption of CAD systems.
The global computer aided detection market was valued at US$437 mn
in 2015 and is anticipated to cross US$1 bn by 2024, expanding at a
strong CAGR of 9.8% from 2016 to 2024. North America is the leading
revenue generator in the computer aided detection market and will
continue in this position throughout the forecast period.
By imaging modality, mammography has emerged as the most
prominent revenue contributor to the global CAD market, accounting for
a share of just over 50% in 2016. The segment is estimated to contribute
a little over US$240 mn by the end of 2016.

3. On the basis of application, computer aided detection is most extensively
used in oncology for the detection of cancers of the prostate, breast,
liver, lung, colon, and bone. Among these, breast cancer has been
identified to be the leading revenue contributor.
“Besides oncology, computer aided detection is also used in neurology
and cardiology on a small scale,” the analyst states. “However, these
segments have been gaining popularity among practitioners and are
likely to expand at a robust CAGR during the forecast period.”
This review is based on the findings of a TMR report titled “Computer
Aided Detection Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024.”
Browse Full Press Release on Computer Aided Detection Market:
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