According to the latest report by Emergen Research, increasing application of computer aided diagnosis to precisely analyze and diagnose medical images to decide accurate treatment approaches is a key factor expected to drive market revenue growth over the forecast period. Increasing awareness about routine and preventive health checkups, growing demand for effective diagnostic tests, and increasing investment in healthcare sector are some other key factors driving market growth.
Computer-aided diagnosis plays a crucial role in helping physicians decide on a diagnosis in a patient and then the computer confirms the diagnosis acting as a second opinion. Computer-aided diagnosis leverages a pattern recognition software to detect unusual patterns on the diagnostic images to help physicians make accurate diagnosis. CAD can enhance time efficiency as it drastically reduces time needed for diagnosis while reducing noise from images and minimizes errors. Computer-aided diagnosis also increases accuracy in image diagnosis and detects diseases in early stages and cannot be detected by human eyes and this has further boosted its adoption in diagnostics.
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CAD provides an efficient quantitative analysis and is routinely used in clinical checkups. CAD systems provide a second opinion to doctors and is often used as a secondary source of diagnosis. CAD tools have the potential to support radiologists in detection and can effectively improve diagnosis and this is further contributing to revenue growth of the market. However, high costs associated with the CAD tools and systems can hamper its adoption and restrain market growth to a certain extent over the forecast period.
Market Scope:
One of the report’s central components is the broad Computer Aided Diagnosis Market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Key players include Toshiba Medical Corp., FUJIFILM Medical Systems, McKesson Corporation, iCAD Inc., GE Healthcare, Hitachi High Technologies Corporation, EDDA Technology Inc., Philips Healthcare, Median Technologies, Hologic Inc., and Merge Healthcare Inc.
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Emergen Research has segmented the global computer aided diagnostics market based on imaging modalities, application, end-use, and region:
Imaging Modalities Outlook (Revenue, USD Billion; 2018–2028)
Mammography
X-Ray
Ultrasound
MRI
CT Scan
Others
Application Type Outlook (Revenue, USD Billion; 2018–2028)
Breast Cancer
Lung Cancer
Liver Cancer
Oncology
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Hospitals
Clinics
Diagnostic Centers
Others
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Global Computer Aided Diagnosis Market Report – Table of Contents:
Chapter 1 includes the global Computer Aided Diagnosis market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Computer Aided Diagnosis market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Computer Aided Diagnosis market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Computer Aided Diagnosis industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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