It helps in accurate detection of chronic diseases in early stages, reducing mortality rates due to cancer, cardiovascular, and neurological diseases.

Seattle, WA -- (SBWire) -- 10/01/2019 --Computer-aided detection or computer-aided diagnosis (CAD) software is a set of algorithms that assists physicians with interpretation of medical images by using pattern recognition method. Imaging techniques such as MRI, X-Rays, and ultrasound diagnostics offer a great deal of information to the physicians to comprehensively evaluate the injury or disorder in short time. Such techniques have aided in diagnostic of coronary heart disease, cancer, and neurological diseases. Increasing number of patients opting for diagnostic imaging techniques is expected to drive growth of global computer-aided detection market.

Growing in prevalence of the chronic diseases is expected to drive growth of the Global Computer-aided Detection Market

Increasing awareness about cancer treatment and routine medical check-up is expected to propel growth of the global computer-aided detection market. Moreover, effectiveness of computer-aided imaging equipment have enhanced owing to novel advanced digital imaging techniques. Easy integration with various imaging equipment is aiding in early detection of chronic diseases. Moreover, it finds applications in clinical diagnostics as well as research activities. Furthermore, growing medical tourism around the world is expected to increase the adoption of CAD. Healthcare insurance too requires pre-screening of chronic disease, which is expected to drive growth of the market. Major investments in R&D with 3D-imaging are expected to drive growth of the global computer-aided detection market during the forecast period. However, high cost associated with CAD is expected to restrain growth of the market in the near future.

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Global Computer-aided Detection Market is segmented on the basis of application, end users, imaging modalities
On the basis of application, the global computer-aided detection market can be segmented as.
- Lung cancer
- Breast cancer
- Liver cancer
- Bone cancer
- Prostate cancer
- Colorectal cancer
- Others (Cardiovascular and Neurological Indications etc.)

Based on application, breast cancer segment accounted for the largest share in global computer-aided detection market. This is owing to increasing incidence of breast cancer. According to the World Health Organization (WHO), breast cancer is more common in women globally.

On the basis of imaging modalities, the global computer-aided detection market in can be segmented as
- Ultrasound imaging
- Mammography
- Tomosynthesis
- Computed tomography
- Magnetic resonance imaging

Mammographic film reading for breast screening demand increases highly which involves the recognition of abnormality signs. Thus, this segment is also expected to be a fastest growing segment over the forecast period.
On the basis of End Users, the global computer-aided detection market can be segmented as
- Hospitals
- Research centers
- Diagnostic centers

On the basis of end users, hospital segment contributes largest share in global computer-aided detection market, owing to increasing incidences of cancer,
Regions
- North America
- Asia Pacific
- Europe
- Middle east
- Africa
- Latin America

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North America holds dominant position in the global computer-aided detection market, owing to higher adoption of CAD for diagnosis of cancer. European region is expected to be the second largest market with a prominent share of the breast cancer segment.

Asia Pacific market is expected show significant growth in the near future, owing to increasing awareness among patients and promotional campaigns on the early detection of chronic diseases by various the government agencies. Africa & Middle East are contributing the smallest portion in global computer-aided detection market as compared to others due to lack of awareness about CAD and inferior equipment.

GE Healthcare received the U.S. Food and Drug Administration (FDA) clearance for its Senographe Pristina Dueta, which is claimed to be the first patient-assisted mammography device that allows women to control their own compression during the examination. Philips Healthcare entered into an agreement with Belgium-headquartered IBA (ION Beam Applications SA) for providing proton therapy solutions. It is an advanced therapy for treatment of cancer in India.

Inorganic growth strategies such as merger and acquisition among new entrants are expected to boost the global computer-aided detection market 

Key players involved in global computer-aided detection market are GE Healthcare, Philips Healthcare, Hologic, Inc., iCAD, Inc., Agfa-Gevaert N.V., EDDA Technology, Fujifilm Medical System, Invivo Corporation, Hitachi Medical Corporation, and Siemens Healthineers.

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