Transparency Market Research has announced the addition of the "Computer Aided Detection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.

Albany, NY -- (SBWire) -- 05/06/2015 --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. This is achieved by using the clinical images generated through various imaging modalities such as X-Ray imaging, MRI, ultrasound imaging and computed tomography. Radiology involves analysis of a wide range of diagnostic images to detect possible abnormalities. However, as the number of patients opting for diagnostic imaging techniques is increasing, the volume of image data to be analyzed is also growing. As a result, the risk of failure in detecting abnormalities is very high. To rectify this situation, CAD as a diagnostic technology was introduced to assist radiologists in reducing detection errors. This technology not only helps in reducing detection errors, but also in precise interpretation of clinical images. The CAD market has gained momentum since 1998, when R2 Technology received the first CAD license from the U.S. FDA for industrial application named ImageChecker.

This research report provides a detailed analysis of the global CAD market and helps in understanding the various driving factors for the growth of the market. The executive summary provides detailed insights about the report and the market in general. It also contains a market snapshot, which provides a glimpse into the present scenario of the global CAD market. The market overview section analyzes market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the market. Impact factors such as market attractiveness analysis and Porter's five forces analysis have also been explained in the market overview section of the report in order to deliver a thorough analysis of the overall competitive scenario of the global CAD market.

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The global CAD market is segmented based on application areas and type of imaging modalities. Based on the type of application, the market is segmented into breast, lung, prostate, colorectal, liver, bone cancers, and others, which comprises neurological, musculoskeletal and cardiovascular applications. Based on type of imaging modalities, the market is categorized into X-Ray imaging, computed tomography, ultrasound imaging, magnetic resonance imaging, nuclear medicine imaging, and others. Market size estimates and forecasts for the period 2012 to 2020 have been provided for each of the segments mentioned above in terms of USD million, considering 2013 as the base year for calculating market forecast and 2012 as the historical year. The CAGR (%) of each market segment for the forecast period 2014 to 2020 has also been provided along with market size estimations.

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Geographically, the global CAD market has been segmented into four major regions: North America, Europe, Asia-Pacific and Rest of World (RoW). The market size estimations and forecasts for the period 2012 to 2020 have been provided for each of these regions at a segment level, in terms of USD million along with the CAGR for the forecast period 2014 to 2020. This study further offers market recommendations for the global CAD market. These include factors that may play a critical role in enhancing or boosting the market in the near future, as well as steps that need to be considered to ensure success for manufacturers.

The report concludes with the company profiles section and includes key information about the major players who are actively participating in this market. The company profiles included in the report are framed in terms of company overview, financial overview, business strategies, recent developments and product portfolio. Key players profiled in this report include Agfa-Gevaert N.V., EDDA Technology, Inc., Fujifilm Medical Systems, Inc., GE Healthcare, Hologic, Inc., Hitachi Medical Corporation, Invivo Corporation, iCAD, Inc., McKesson Corporation, Philips Healthcare, Siemens Healthcare and Toshiba Medical Systems Corporation.

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