US Computer-Aided Detection (CAD) Market – Insights

Computer-aided detection (CAD) software constitutes a set of algorithms, which use pattern recognition method predominantly to aid radiologists in detecting potentially diseased lesions or regions in the human body. It is widely used in breast cancer detection. It is also used in the diagnosis of lung cancer, colon cancer, prostate cancer, bone metastases, coronary artery disease, congenital heart defect, pathological brain detection, Alzheimer's disease, and diabetic retinopathy.

U.S. computer-aided detection (CAD) market is estimated to account for US$ 679.9 Mn in terms of value by the end of 2027.

U.S. Computer-Aided Detection (CAD) Market: Drivers

Increasing prevalence of breast cancer is expected to propel growth of the U.S. computer-aided detection (CAD) market over the forecast period. For instance, according to Breastcancer.org, in 2019, an estimated 268,600 new cases of invasive breast cancer were expected to be diagnosed in women in the U.S.  

Moreover, increasing adoption of CAD among radiologists is also expected to propel growth of the market. Use of CAD can help to reduce the false negative rate and increase the detection of breast cancer, particularly early breast cancer, which is expected to further boost its adoption.

Breast CAD Computer-Aided Detection (CAD) held dominant position in the U.S. computer-aided detection (CAD) market in 2019, accounting for 71.9% share in terms of value, followed by Chest Computer-Aided Detection (CAD).

Figure 1. U.S. Computer-Aided Detection (CAD) Market Share (%), by Product Type, 2019

US Computer-Aided Detection  | Coherent Market Insights

U.S. Computer-Aided Detection (CAD) Market: Restraints

Inadequate reimbursement policies related to CAD is expected to hinder growth of the U.S. computer-aided detection (CAD) market. Majority of medical insurance companies do not offer reimbursement for procedures using CAD, which has led to use of alternate methods such as pathological test, biopsy, mammography, or MRI.

Moreover, lack of trained radiologist and technicians is also expected to hamper growth of the market.

U.S. Computer-Aided Detection (CAD) Market: Opportunities

Development of single packaged software solution for multiple applications is expected to offer lucrative growth opportunities for players in the U.S. computer-aided detection (CAD) market. Majority of software available in the market can assess images from one modality for specific indication. Key players can focus on introducing a single software that is capable of examining images from different modalities for several indications. Such approach would reduce the cost of products and services related to CAD.

More flexibility in licensing and renewal process of CAD software is also expected to fuel growth of the market. Majority of market players offer a one-year license agreement, which can be renewed for another year by paying 70% of the actual cost. However, extending the licensing period and decreasing the renewal cost is expected to increase demand for CAD.

US Computer-Aided Detection  | Coherent Market Insights

Chest Computer-Aided Detection (CAD) segment in the U.S. computer-aided detection (CAD) market was valued at US$ 66.1 Mn in 2019 and is expected to reach US$ 86.4 Mn by 2027 at a CAGR of 3.1% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing increasing use of digital mammography instead of film screen as digital mammography offers high sensitivity in women with dense breasts. Moreover, the use of digital breast tomosynthesis is also increasing, in which multiple low-dose mammographic images are acquired of compressed breast from multiple angles.

The use of Artificial intelligence (AI) in CAD has proven to enhance the efficiency and accuracy of an advanced imaging technology used to screen for breast cancer. Use of AI also increases the sensitivity and specificity of CAD. It can also decrease the recall rate for non-cancers, or the rate at which women were called back for follow-up examinations based on benign findings and the reading time.

U.S. Computer-Aided Detection (CAD) Market: Competitive Landscape

Major players operating in the U.S. computer-aided detection (CAD) market include, iCAD, Inc., Koninklijke Philips N.V, Hologic, Inc., Carestream Health, Inc., ScreenPoint Medical BV, Siemens AG, GE Healthcare, EDDA Technology, Inc., Qlarity Imaging, and Fujifilm Holdings Corporation.

U.S. Computer-Aided Detection (CAD) Market: Key Developments

Key players in the market are focused on product commercialization through various platforms to enhance their market share. For instance, in December 2019, iCAD, Inc. announced that its Breast Health Solutions suite, which includes ProFound AI for Digital Breast Tomosynthesis (DBT), will be available on the Nuance AI Marketplace.

Key players in the market are focused on expanding their product and service portfolio. For instance, in November 2019, Qlarity Imaging, a developer of computer-aided breast cancer diagnostic system, announced to introduce complementary software to support radiologists in MRI-guided procedures.

Computer aided detection (CAD) is a technology designed to reduce observational oversights during the diagnosis of harmful lesions. Computer-aided detection (CAD) software utilizes a set of algorithms to identify and detect harmful lesions present in the breast. It is also used for diagnosis of lung cancer, colon cancer, prostate cancer, bone metastases, coronary artery disease, and other diseases. Increasing prevalence of breast cancer is expected to propel growth of the U.S. computer-aided detection (CAD) market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the U.S. Computer-Aided Detection (CAD) market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global U.S. Computer-Aided Detection (CAD) market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, iCAD, Inc., Koninklijke Philips N.V, Hologic, Inc., Carestream Health, Inc., ScreenPoint Medical BV, Siemens AG, GE Healthcare, EDDA Technology, Inc., Qlarity Imaging, and Fujifilm Holdings Corporation.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global U.S. Computer-Aided Detection (CAD) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global U.S. Computer-Aided Detection (CAD) market

Detailed Segmentation:

  • U.S. Computer-Aided Detection (CAD) Market, By Product Type:
    • Breast CAD
    • Chest CAD
    • Abdominal CAD
    • Prostate CAD
    • Cardiovascular CAD
    • Others
  • U.S. Computer-Aided Detection (CAD) Market, By Technology:
    • Mammography
    • X-Ray Imaging
    • MRI
    • Computed Tomography
    • Ultrasound
    • Others
  • Company Profiles
    • iCAD, Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Koninklijke Philips N.V
    • Hologic, Inc.
    • Carestream Health, Inc.
    • ScreenPoint Medical BV
    • Siemens AG
    • GE Healthcare
    • EDDA Technology, Inc.
    • Qlarity Imaging
    • Fujifilm Holdings Corporation
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippets, By Technology
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. U.S. Computer-Aided Detection (CAD) Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Breast CAD
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Chest CAD
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Abdominal CAD
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Prostrate CAD
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cardiovascular CAD
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. U.S. Computer-Aided Detection (CAD) Market, By Technology, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • X-Ray Imaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • MRI
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Computed Tomography
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ultrasound
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Competitive Landscape
    • Company Profiles
      • iCAD, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Koninklijke Philips N.V
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hologic, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Carestream Health, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ScreenPoint Medical BV
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • EDDA Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Qlarity Imaging
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Fujifilm Holdings Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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