CAD Market Expected to Hit $1.56 Billion by 2031

CAD Market Expected to Hit $1.56 Billion by 2031

Data Center Colocation Services Market- 2024-2031 Meticulous Research leading global market research company, published a research report titled, Computer-aided Detection (CAD) Market by Application (Oncology [Breast, Lung, Colorectal, Liver], Cardiology), Modality (Mammography, MRI, CT, Ultrasound), End User (Hospitals & Clinics, Imaging Centers, Ambulatory Care Centers) - Global Forecast to 2031. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5756?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=30-05-2024 According to the latest findings by Meticulous Research , the global Computer-aided Detection (CAD) Market is projected to soar to $1.56 billion by 2031, with a notable CAGR of 7.4% during the forecast period spanning from 2024 to 2031. This substantial growth trajectory is attributed to several key factors, including the escalating prevalence of chronic diseases, particularly cancer, and the growing recognition of early cancer detection's critical importance. Moreover, increased investments and funding for cancer research, coupled with rising healthcare expenditures, are further propelling market expansion. The acceptance of CAD among radiologists, advancements in CAD solutions particularly integrating Artificial Intelligence (AI) and Machine Learning (ML) and the surge in cancer screening programs are poised to unlock significant market growth opportunities. However, challenges such as the high costs associated with CAD solutions and the lack of technical expertise required for their utilization pose hurdles to market growth. Key Players: Leading the charge in the Computer-aided Detection (CAD) market are prominent entities such as Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), GE HealthCare Technologies Inc. (U.S.), and Hologic, Inc. (U.S.). Other notable players include FUJIFILM Holdings Corporation (Japan), EDDA Technology, Inc. (U.S.), Canon Medical Systems Corporation (Japan), and Riverain Technologies (U.S.), among others. Future Outlook: The CAD market is segmented based on Application, Imaging Modality, End User, and Geography. Under application, oncology commands the largest segment, driven by the increasing awareness surrounding early cancer diagnosis and the proliferation of cancer awareness and screening programs. Mammography emerges as the dominant imaging modality segment due to its critical role in early cancer detection and advancements in mammography systems. Moreover, hospitals & clinics constitute the largest end-user segment, fueled by the growing number of healthcare facilities globally and the availability of skilled professionals. Geographic Review: North America leads the CAD market, with the U.S. expected to hold the largest market share in the region by 2024. Europe and Asia-Pacific follow suit, with North America's dominance attributed to its advanced healthcare infrastructure and the presence of key market players. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Data Center Colocation Services Market- 2024-2031 In summary, the CAD market's exponential growth trajectory underscores its pivotal role in revolutionizing cancer diagnosis and healthcare outcomes globally. Buy Now@ https://www.meticulousresearch.com/Checkout/47195957?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=30-05-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com