About Computer Aided Diagnosis (CAD)
Computer-Aided Diagnosis (CAD) Forms an Important Part of the Routine Clinical Work for Detection of Diseases at Many Hospital & Screening Sites. It Helps the Radiologist to Make Final Decision About Diagnosis. It Finds Its Usage in the Detection & Differential Diagnosis of Many Different Types of Abnormalities in Medical Images Obtained in Various Examinations by Use of Different Imaging Modalities.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Market for the Computer-Aided Diagnosis is Fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to the Booming Healthcare Industry, there are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Computer Aided Diagnosis (CAD) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens Healthineers (Germany), IBM (United States), Hitachi High Technologies Corporation (Japan), GE Healthcare (United States), EDDA Technology, Inc. (United States), Fujifilm Holdings Corporation (Japan), Hologic Inc. (United States), iCAD, Inc. (United Kingdom) and Philips (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Median Technologies (France), Carestream Health (United States), ESAOTE SpA (Italy), Riverain Technologies (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Computer Aided Diagnosis (CAD) market by Type (Breast CAD, Abdominal CAD, Prostate CAD, Chest CAD and Others), Application (Cancer {Breast Cancer, Lung Cancer, Colon Cancer, Prostate Cancer, Liver Cancer, Bone Cancer, & Others}, Neurological, Musculoskeletal, Cardiovascular and Others) and Region.
On the basis of geography, the market of Computer Aided Diagnosis (CAD) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Computer Aided Diagnosis (CAD) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing Usage of Artificial Intelligence Technology in Computer-Aided Diagnosis
Market Growth Drivers:
Increase in the Patients With Medical Conditions Like Cancer and The Rise in the Geriatric Population Globally
Challenges:
Lack of Well Qualified Operators or Technicians May Pose a Challenge
Restraints:
Inadequate Reimbursement Policies May Limit the Market Penetration
Opportunities:
There is an Increased Opportunity for the Market Expansion, Owing to Surge in the Usage of CAD With Other Imaging Modalities Such as Ultrasound & Magnetic Resonance Imaging and There are Growing Prospects Due to Increasing Adoption of Computer-Aided Diagnosis by Radiologists in Urban as well as Rural Locations
Market Leaders and their expansionary development strategies
In December 2022, Olympus Corporation (Olympus) announced it has signed a definitive agreement to acquire London-based Odin Vision, a cloud-AI endoscopy company with a strong portfolio of commercially available computer-aided detection/diagnostic (CAD) solutions and a deep innovation pipeline of cloud-enabled applications, for up to GBP 66 million (approx. 11 billion JPY / 79 million USD) in upfront and milestone-based payments.
In September 2020, Olympus Corporation announced the launch of ENDO-AID, a cutting-edge platform powered by artificial intelligence (AI) and including the endoscopy application ENDO-AID CADe (computer-aided detection) for the colon. This new AI platform enables real-time display of automatically detected suspicious lesions and works in combination with the recently introduced EVIS X1, Olympus’ most advanced endoscopy system to date.
Key Target Audience
Computer-Aided Diagnosis Companies, Technology Investors, Research Institutes & Organizations, Regulatory & Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.