United States CAD market: $320 million industry by 2018

Press Release   •   Jul 16, 2013 10:54 BST

The United States CAD market is projected to reach US$323 million by 2018, driven by increasing prevalence of cancer, proven efficiency of the technology in breast cancer detection, and development of advanced technologies.

Radiology involves interpretation of a wide range of diagnostic images for detecting potential abnormalities. However, with huge volumes of image data to be analyzed, the risk of failure in detecting all abnormalities is high. CAD (Computer Aided Detection) is a technology developed to assist a radiologist to reduce detection errors. The technology not only helps in increasing the detection of anomalies but also in accurate interpretation of images by clearly marking the areas using an automated process carried out by CAD algorithms.

Advancement in digital imaging techniques and improved efficiencies in CAD solutions are paving way for enhanced adoption of CAD in imaging. Major advances being witnessed in the area of CAD include ease of integration with imaging modalities from multiple vendors, enhanced display aspects, manipulability of images, and image viewing and management speed. In order to further expand efficiencies of CAD systems, vendors are focusing on development and upgrade of existing CAD software. Few manufacturers of imaging modalities are integrating CAD capabilities within their imaging systems to increase efficiency of the overall radiology workflow.

The US represents the largest market. The US is also projected to be the fastest growing market for CAD growing at a projected compounded annual rate of 9.7% over the analysis period. The FDA's release of final guidance providing clarity to manufacturers on clinical study requirements and approval for CAD devices and software is expected to surge approvals for new products and applications over the following years. Meanwhile, rising awareness on the benefits of cancer detection in the early stages is expected to enhance the significance of CAD technology in Europe. However, the ongoing economic crisis in the region is placing significant pressure on the European CAD market.

For more information on the US CAD market, see the latest research: United States CAD Market Research

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