Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

US Computer-aided Detection (CAD) Market – Insights

Computer-aided Detection (CAD) software constitutes a set of algorithms, which uses pattern recognition method predominantly to aid radiologists in detecting potentially diseased lesions or regions in the human body.

The U.S. computer-aided detection (CAD) market is estimated to account for US$ 491.2 Mn in 2020 terms of value and is expected to reach US$ 680.1 Mn by the end of 2027

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

Increase in prevalence of cancer is expected to propel growth of the U.S. computer-aided detection (CAD) market over the forecast period. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.

Moreover, increasing demand for CAD solutions in multidisciplinary facilities is also expected to aid in growth of the market. CAD unit installations are increasing in multispecialty hospitals. Versatile diagnostic systems are preferred in multispecialty hospitals, owing to benefits such as cost-effectiveness and greater return on investment.

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

U.S. Computer-Aided Detection  | Coherent Market Insights

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

Inadequate reimbursement policies are expected to hinder growth of the market. There have been various advancements in radiology with regard to imaging equipment in the recent past. However, most medical insurance companies do not offer reimbursement for procedures using CAD. As a result, people tend to choose conventional methods for diagnosis such as biopsy, pathological test or conventional imaging methods such as mammography, and MRI procedures.

Moreover, lack of trained radiologist and technicians is also expected to limit growth of the market. Radiologists and technicians are required to have the prerequisite technical skills to operate CAD systems. Lack of trained radiologists and technicians is a factor restraining growth of the market.

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

Availability of single packaged software solution for multiple applications is expected to offer lucrative growth opportunities for players in the market. Most software are specifically designed to analyze images from one modality for specific indication. CAD software that can be used to analyze images from more than one modality are available in the market. However, demand could increase if a single software was developed with capability of analyzing images from different modalities for many indications without complications. This would reduce costs on hospitals as there would be need to purchase a single CAD software instead of one for each indication.

Moreover, more flexibility in licensing and renewal process of CAD software is also expected to aid in growth of the market. Currently, most software providers offer a one-year license agreement, which can be renewed for another year by paying 70% of the actual cost. Increasing the licensing period and reducing the renewal cost is expected to fuel growth of the market.

U.S. Computer-Aided Detection  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the market are focused on launching new products for diagnosing pandemic diseases. For instance, in March 2020, Delft Imaging partnered with Thirona, Radboudumc, Bernhoven,(Netherlands), HT médica (Spain) and Fakultas Kedokteran UI (Indonesia) to develop CAD4COVID (Computer Aided Detection for COVID-19) to help triage patients and inform the care pathway.

The U.S. FDA is focused on shifting responsibility for periodic software updates to manufacturers through its yet-to-be finalized software precertification program in order to reduce certification hurdles for developers of software-based medical devices.

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., Siemens AG, GE Healthcare, EDDA Technology, Inc., and Fujifilm Holdings Corporation.

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

Major players in the market are focused on product approval and launch to expand their product portfolio. For instance, in July 2019, Paragon Biosciences LLC launched its seventh portfolio company, Qlarity Imaging LLC, which is expected to develop QuantX, the U.S. Food and Drug Administration (FDA)-cleared CAD diagnosis system for breast cancer.

Similarly, in December 2018, iCAD, Inc. announced U.S. FDA clearance for its deep-learning, cancer detection software solution for digital breast tomosynthesis (DBT), ProFound AI.

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 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 opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the U.S. computer aided detection market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and 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., Siemens AG, GE Healthcare, EDDA Technology, Inc., and Fujifilm Holdings Corporation.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The U.S. computer aided detection 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 assistive reproductive technology market.

Detailed Segmentation

  • U.S. Computer Aided Detection Market, By Product Type:
    • Breast CAD
    • Chest CAD
    • Abdominal CAD
    • Prostate CAD
    • Cardiovascular CAD
    • Others
  • U.S. Computer Aided Detection Market, By Imaging Modality:
    • Mammography
    • X-Ray Imaging
    • MRI
    • Computed Tomography
    • Ultrasound
    • Others
  • Company Profiles
    • iCAD, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Koninklijke Philips N.V.
    • Hologic, Inc.
    • Carestream Health, Inc.
    • Siemens AG
    • GE Healthcare
    • EDDA Technology, Inc.
    • Fujifilm Holdings Corporation

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

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

*Browse 27 market data tables and 22 figures on “Computer Aided Detection Market – U.S. forecast to 2027.

Frequently Asked Questions

The U.S. computer-aided detection (CAD) market is estimated to account for US$ 491.2 Mn, in 2020 terms of value.
Major players operating in the U.S. computer-aided detection (CAD) market include iCAD, Inc., Koninklijke Philips N.V., Hologic, Inc., Carestream Health, Inc., Siemens AG, GE Healthcare, EDDA Technology, Inc., and Fujifilm Holdings Corporation.
Inadequate reimbursement policies, coupled with lack of trained radiologist and technicians are some of the major factors that are expected to hamper growth of the market over the forecast period.
The increasing prevalence of cancer and rising demand for CAD solutions in multidisciplinary facilities are the major factors that are expected to propel growth of the market over the forecast period.
The U.S. computer-aided detection (CAD) market is estimated to reach US$ 680.1 Mn by the end of 2027.
Among product type, breast CAD segment is expected to hold dominant position in the U.S. computer-aided detection (CAD) market in 2019, accounting for 71.9% share in terms of value.
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