Transparency Market Research has recently published a new research report that studies the global computer aided detection (CAD) market. The research report, titled “Computer Aided Detection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” discusses the elements impacting the overall market in complete detail.

According to the research report, the global computer aided detection market stood at US$0.72 bn in 2013. However, researchers predict that this market will reach a valuation of US$1.47 bn by the end of 2020, as it expands at a promising CAGR of 10.8% between 2014 and 2020. The upward trend in the global computer aided detection market will be fueled by the rise in number of cases of liver, bone, prostate, lung, and breast cancer. Though this market is in its nascent stage, it is expected to benefit from the growing applications of CAD in areas of neurological, musculoskeletal, oncological, and, cardiovascular study.

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The study also suggests that increasing awareness about cancer, early detection of cancer, and the usage of CAD systems in several imaging equipment are also expected the global computer aided detection market in the foreseeable future.

The global computer aided detection market is segmented on the basis of application, imaging modalities, and geography. On the basis of application, this market is segmented into oncology, lung cancer, and colorectal cancer. The imaging modalities used in this market are ultrasound imaging, x-ray imaging, magnetic resonance imaging (MRI), computed tomography imaging, nuclear imaging, and others. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.

The research report states that lung cancer will be the fastest growing application in the global computer aided detection market, despite the breast cancer segment being the dominant one in 2013. Geographically, North America held a significant share in the global CAD market as of 2013. However, the strengthening economies of Asia Pacific will define the success of this market in the coming years. The improving healthcare infrastructure in countries such as South Korea, China, Japan, and Australia is likely to have a positive impact on the growth of the CAD market in Asia Pacific. Furthermore, the emergence of medical tourism in India will prove to be a groundbreaking opportunity for this market in the forecast period.

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Some of the important players operating in the global computer aided detection market are Philips Healthcare, Siemens Healthcare, GE Healthcare Ltd., McKesson Corporation, Fujifilm Medical Systems, Inc., VuCOMP, Hitachi Medical Corporation, Hologic, Inc., EDDA Technology, Inc., Invivo Corporation, Agfa-Gevaert N.V., and iCAD, Inc. The research report profiles these players in complete detail to provide a detailed understanding of the competitive landscape present in the global market. Furthermore, it also includes an evaluation of the factors such as the financial overview of the companies, their research and development activities, expansion plans, and feasibility reports of their proposed projects.

Key segments of the Global Computer Aided Detection Market
• Global Computer Aided Detection Market, by Application
o Oncology
 Breast Cancer
 Mammography
 Magnetic Resonance Imaging (MRI)
 Ultrasonography
 Tomosynthesis
 Nuclear Imaging
 Others
o Lung Cancer
o Colorectal Cancer
o Prostate Cancer
o Liver Cancer
o Bone Cancer
o Cardiovascular and Neurological Indications
• Global Computer Aided Detection Market, by Imaging Modalities
o X-ray Imaging
o Ultrasound Imaging
o Computed Tomography Imaging
o Magnetic Resonance Imaging (MRI)
o Nuclear Imaging
o Others
• Global Computer Aided Detection Market, by Geography
o North America
o Europe
o Asia-Pacific
o Rest of the World

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