2020 Opportunities: Computer Aided Detection System Sales Market Updates 2019 - Owing to High Incidence of Road Fatalities Is Expected to Drive the Market Growth by 2025
Computer Aided Detection System Sales Market Report 2019 – Industry Capacity, Manufacturer Prediction 2025
Seattle, WA -- (SBWire) -- 12/04/2019 --A computer-aided detection and diagnosis (CADe) system is a category of computer systems that provides assistance in the detection and or diagnosis of various diseases via medical images. The primary aim of CADe system is to enhance the accuracy of radiologists with time reduction in the interpretation of images. Furthermore, imaging techniques such as MRI, X-ray, and ultrasound diagnostic are a subset of CADe system. The global computer aided detection system sales market is expected to witness significant growth during the forecast period, owing to increasing demand for medical imaging for diagnosis of diseases. The global computer aided detection system sales market focuses on six regions, namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
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Market Dynamics - Driver
Increasing number of accidents and severe injuries are expected to drive growth of the global computer aided detection system sales market during the forecast period. Medical imaging such as MRI, X-Ray, and CT scan play a vital role in the treatment of internal injuries and wounds. According to Association for Safe International Road Travel, around 20-50 million are injured or disabled annually in road accidents. Furthermore, increasing demand for medical imaging from emerging economies, owing to high incidence of road fatalities is expected to drive the market growth in the near future. For instance, according to the World Health Organization (WHO), 93% of road fatalities occur in emerging economies although these countries have around 60% of the world's vehicles.
Market Dynamics - Restraint
High cost associated with this imaging, especially MRI and CT scan, is expected to restrain growth of the global computer aided detection system sales market in the near future.
Among regions, North America is expected to witness significant growth during the forecast period, owing to robust healthcare infrastructure in the region. Furthermore, Asia Pacific is expected to register a lucrative growth rate during the forecast period, owing to growing awareness regarding medical imaging in the region.
Key players in the market are involved in various growth strategies such as mergers and acquisitions, in order to gain competitive edge in the market. For instance, in January 2016, iCAD, Inc., a medical device manufacturer, acquired the VuCOMP cancer detection portfolio, including M-Vu computer aided detection (CAD) technology.
Major companies involved in the global computer aided detection system sales market are iCAD, Inc., Siemens Healthcare, Philips Healthcare, GE Healthcare, and McKesson Corporation.
In this report, the global Computer Aided Detection System market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.
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Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Computer Aided Detection System for these regions, from 2014 to 2025 (forecast), covering
Global Computer Aided Detection System market competition by top manufacturers/players, with Computer Aided Detection System sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including
-EDDA Technology, Inc
-ICAD, Inc.( VuCOMP)
-Toshiba Medical Systems Corporation
-Merge Healthcare, Inc.( DR Systems)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
-Magnetic Resonance Imaging
-Nuclear Medicine Imaging
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Computer Aided Detection System for each application, including
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