PUBLISHER: Value Market Research | PRODUCT CODE: 1352913
PUBLISHER: Value Market Research | PRODUCT CODE: 1352913
The global demand for Computer Aided Detection Market is presumed to reach the market size of nearly USD 2409.98 MN by 2030 from USD 813.84 MN in 2022 with a CAGR of 12.82% under the study period 2023 - 2030
Computer Aided Detection (CAD) is an artificial intelligence (AI) technology used to assist doctors in the interpretation of medical images. The system helps in reducing the false negative rates by observational oversights of the physicians. It is also called computer-aided diagnosis (CADx). CAD is used in X-ray, MRI, ultrasound diagnostics, and other imaging technologies. Physicians, radiologists, and other medical professionals obtain a great deal of information in a short amount of time through this technology. It is based on extremely complex patterns. The radiologists can know the suspicious behaviour in the image, thus helping decrease false negative ratings. This clinically proven technology assists radiologists in detecting various cancers such as lung cancer, breast cancer, and colon cancer and even detects cardiovascular or Alzheimer's disease.
The incidence rate of cancer is on the rise boosting the growth of the CAD market. Furthermore, the government has made significant efforts to create awareness about cancer. All these factors may fuel the growth of the market. The efficiency of computer-aided detection has been enhanced because of the advanced digital imaging techniques. Moreover, the investment in the development of computer-aided detection to bring new features like 3D imaging will further expand its market. But the lack of awareness in rural areas and lack of trained professionals to operate these advanced systems may hinder the growth of the market. The high rising costs of computer-aided detection equipment and the chances of risk for failure in detection may challenge the growing market of computer-aided detention.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of computer aided detection. The growth and trends of computer aided detection industry provide a holistic approach to this study.
This section of the computer aided detection market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.