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.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Computer Aided Diagnosis Market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
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
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Global Computer Aided Diagnosis Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Computer Aided Diagnosis market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Valuable Market Insights:
The report examines the most recent changes in each regional segment's consumption habits.
The report's extensive market segmentation aids in understanding the revenue and projected growth of the various geographical areas.
The study clarifies the past and present market conditions and gives a succinct estimate of the worldwide Computer Aided Diagnosis market's annual growth rate.
The study also covers recent industry trends, technical developments, revenue growth, and other factors influencing market expansion.
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