The primary factor behind the growth and expansion of the U.S. Computer Aided Detection (CAD) market in the healthcare sector is technological improvements. These developments keep CAD systems up to date and improve their adaptability, precision, and capacity for diagnosing a wide range of medical disorders. The development of deep learning algorithms, machine learning, and Artificial Intelligence (AI) has been essential to the advancement of CAD systems. These developments make it possible for CAD software to process enormous volumes of medical imaging data at previously unheard-of speeds and precision. This results in the more accurate and dependable identification of anomalies in MRIs, CT scans, X-rays, and other imaging modalities.
CAD systems will advance in detection, adaptability, and integration with healthcare ecosystems as technological advancements continue. The market is growing as a result of the CAD industry's unwavering application of technology improvements, which have the enormous potential to revolutionize patient care, improve diagnostic capabilities, and influence the direction of healthcare.
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Data Bridge Market Research analyzes that the U.S. Computer Aided Detection (CAD) Market is expected to reach USD 1,826.95 million by 2031 from USD 742.32 million in 2023, growing with a CAGR of 12.0% in the forecast period of 2024 to 2031.
Key Findings of the Study
Rising Application of Computer-Aided Detection (CAD) Systems in the Medical Field
The U.S. Computer Aided Detection (CAD) market is growing and evolving due to the growing implementation of CAD systems in various medical disciplines. They are widely used in radiology to identify complexities in images, such as mammograms, but they have quickly spread to many other medical specialties. The growing use of these systems in specialty areas other than radiology—pathology, cardiology, oncology, and neurology—indicates their adaptability and effectiveness in supporting medical personnel in a variety of disciplines. Healthcare procedures are being revolutionized by CAD system's capacity to provide early identification, precise diagnosis, and treatment planning for a variety of illnesses.
The increasing adoption and use of CAD systems in a range of medical specialties highlights their revolutionary influence on the provision of healthcare. The use of these systems in a variety of specializations is growing as they show promise in facilitating earlier and more accurate diagnoses, improved treatment outcomes, and improved patient care.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable 2016-2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Product Type (Software and Services), Imaging Modality (Breast Imaging, Lung Imaging, Oncology and Radiation, Abdominal and Pelvic Imaging, Dental Imaging, Cardiovascular Imaging, and Others), Application (Cancer, Neurological Disorders, Cardiovascular Diseases, Musculoskeletal Diseases, and Others), Mode of Purchase (Group Purchase Organization and Individual), End User (Hospitals, Diagnostic Centers, Research Centers and Academic Institutes, and Others)
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Country Covered
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U.S.
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Market Players Covered
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CANON MEDICAL SYSTEMS CORPORATION (Japan), Riverain Technologies (U.S.), Koninklijke Philips N.V. (Netherlands), Seimens Healthineers AG (Germany), Hologic Inc. (U.S.), FUJIFILM Holdings Corporation (Japan), Median Technologies (France), General Electric Company (U.S.), iCAD, Inc. (U.S.), and EDDA Technology, Inc. (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The U.S. Computer Aided Detection (CAD) market is segmented into five notable segments based on product type, imaging modality, application, mode of purchase, and end user.
- On the basis of product type, the U.S. Computer Aided Detection (CAD) market is segmented into software and services
In 2024, the software segment is expected to dominate the U.S. Computer Aided Detection (CAD) market
In 2024, the software segment is expected to dominate the market with a market share of 63.04% due to the rising demand for CAD systems in the medical field.
- On the basis of imaging modality, the U.S. Computer Aided Detection (CAD) market is segmented into breast imaging, lung imaging, oncology and radiation, abdominal and pelvic imaging, dental imaging, cardiovascular imaging, and others
In 2024, the oncology and radiation segment is expected to dominate the U.S. Computer Aided Detection (CAD) market
In 2024, the oncology and radiation segment is expected to dominate the market with a market share of 28.09% due to the rising prevalence of diseases.
- On the basis of application, the U.S. Computer Aided Detection (CAD) market is segmented into cancer, neurological disorders, cardiovascular diseases, musculoskeletal diseases, and others. In 2024, the cancer segment is expected to dominate the market with a market share of 40.06%
- On the basis of mode of purchase, the U.S. Computer Aided Detection (CAD) market is segmented into group purchase organization and individual. In 2024, the group purchase organization segment is expected to dominate the market with a market share of 83.38%
- On the basis of end user, the U.S. Computer Aided Detection (CAD) market is segmented into hospitals, diagnostic centers, research centers and academic institutes, and others. In 2024, the hospitals segment is expected to dominate the market with a market share of 48.12%
Major Players
Data Bridge Market Research analyzes FUJIFILM Holdings Corporation (Japan), Koninklijke Philips N.V. (Netherlands), CANON MEDICAL SYSTEMS CORPORATION (Japan), Seimens Healthineers AG (Germany), and Median Technologies (France) as the major players in the U.S. Computer Aided Detection (CAD) market.
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