U.S. COMPUTER-AIDED DETECTION (CAD) MARKET ANALYSIS

U.S. Computer-Aided Detection (CAD) MarketSize and Trends

The U.S. computer-aided detection (CAD) market is estimated to be valued at US$ 632.0 million in 2023 and is expected to exhibit a CAGR of 9.2% during the forecast period (2023-2030).

Figure 1. U.S. Computer-Aided Detection (CAD) Market Share (%), by Infection Type, 2023

U.S. Computer-Aided Detection (CAD) Market – Driver

Increasing demand for computer-aided detection (CAD) solutions

Increasing demand for computer-aided detection (CAD) solutions is expected to drive the U.S. computer-aided detection (CAD) market over the forecast period. Computer-aided detection (CAD) units are increasing in multispecialty hospitals. Versatile diagnostics systems are preferred in multispecialty hospitals, owing to benefits such as cost-effectiveness and greater return on investment.

U.S. Computer-Aided Detection (CAD) Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

Figure 2. U.S. Computer-Aided Detection (CAD) Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2030

U.S. Computer-Aided Detection (CAD) Market Segmentation:

The U.S. computer-aided detection (CAD) market report is segmented into product type, and imaging modality.

Based on Product Type, the market is segmented into breast CAD, abdominal CAD, prostrate CAD, cardiovascular CAD, and others. Out of which, the breast CAD segment is expected to dominate the infection surveillance solutions market during the forecast period and this is due to the increase in prevalence of breast cancer.

Based on Imaging Modality, the market is segmented into mammography, X-ray imaging, MRI, computed tomography, ultrasound, and others. Out of which the MRI segment is expected to hold a dominant position in the market over the forecast period due to the increase in the number of hospitals.

U.S. Computer-Aided Detection (CAD) Market Cross Sectional Analysis:

In product type segment, breast CAD holds a dominant segment in North America region due to the increasing prevalence of breast cancer. For instance, in March 2023, an article was published by National Cancer Institute, stated that the most common type of cancer is breast cancer, with 300,590 new cases expected in the U.S. in 2023.