Computer Aided Detection Market

Computer Aided Detection Market - Global
Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
The global computer aided detection (CAD) market is in its
early stages of growth and is increasingly reliant on the market
dynamics of corresponding imaging modalities for market
penetration. The growing usage of CAD software solutions for a
number of diagnostic applications such as cardiovascular,
oncology, musculoskeletal, and neurological has made the
market highly specific, dynamic, and competitive with
significant growth potential.
The revenue generated by the global CAD market was pegged at
US$437 mn in 2015 and is anticipated to cross US$1 bn by
2024. The market is expected to expand at a strong CAGR of
9.8% from 2016 to 2024.
Computer Aided Detection Most Widely Used in Breast
Cancer Screening
Computer aided detection technology finds application mainly
in oncology and cardiovascular and neurological indications.
Breast cancer was the leading application segment of the market
in 2015 and is projected to sustain its position during the
forecast period. Its dominance can be attributed to the increasing

number of breast cancer detection applications and a lower risk
of observational errors by using CAD solutions in combination
with mammography.
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Favorable reimbursement scenario for breast cancer CAD
solutions in developed nations and its well-established identity
as a supplement tool in the diagnosis of breast cancer also
contribute to the growth of the segment. The prostate cancer
application segment is projected to expand at the fastest growth
rate from 2016 to 2024. This can be attributed to the increasing
number of regulatory approvals for various prostate cancer
detection CAD solutions and the rising incidence of the disease.
Growing Incidence and Prevalence of Breast Cancer in U.S.
Driving North America Market
Geographically, the computer aided detection market has been
segmented into five major regions: North America, Latin
America, Asia Pacific, Europe, and the Middle East and Africa.
North America held the leading share in the global computer
aided detection market in terms of revenue in 2015, followed by
Europe. The dominance of these two regions is owing to the

ising incidence and prevalence of breast cancer, the growing
awareness level about early screening of breast cancer, an
increase in the geriatric population, and rapid advancement in
various healthcare technologies.
The U.S. forms the most significant market for computer aided
detection in North America as well as globally as it is an
important innovation hub and leading companies in the segment
have been conducting thorough research and development.
Moreover, the World Cancer Research Fund (WCRF) statistics
show that North America reported the highest number of new
breast cancer cases in 2012, with around 226,125 in the U.S.
alone. This also acts as a growth driver for the computer aided
detection market in the region.
Asia Pacific is also a prominent market for computer aided
detection. The region accounts for over 60% of the world’s
population, which translates to a significant patient pool and
large number of imaging procedures. According to the Asian
Pacific Journal of Cancer Prevention (2010), there were over 3
million new cancer cases and over 2 million cancer deaths in
Asia.

Projections suggest the number of new cancer cases in Asia will
increase to 7.1 million by 2020 if existing prevention and
management strategies remain unchanged. However, most of the
countries in the region are positioning themselves as medical
tourism destinations for developed nations. This will encourage
healthcare providers to adopt advanced computer aided
detection in imaging technologies.
Key players in the computer aided detection market include
Agfa-Gevaert N.V., Fujifilm Medical Systems USA, Inc., GE
Healthcare, Hitachi Medical Corporation, Hologic, Inc.,
Samsung Medison Co. Ltd, and Philips Healthcare.
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