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.’
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According to the latest report 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% from 2024 to 2031. This substantial growth is driven by the rising prevalence of chronic diseases, particularly cancer, and the increasing recognition of the importance of early cancer detection.
Additionally, heightened investments and funding for cancer research, alongside rising healthcare expenditures, are further propelling market expansion. The growing acceptance of CAD among radiologists, advancements in CAD solutions—especially those integrating Artificial Intelligence (AI) and Machine Learning (ML)—and the increase in cancer screening programs are expected to unlock significant growth opportunities in the market.
However, challenges such as the high costs associated with CAD solutions and the lack of technical expertise required for their use pose hurdles to market growth.
Key Players
Leading the Computer-aided Detection (CAD) market are prominent companies 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. Oncology is the largest segment by application, driven by increasing awareness of early cancer diagnosis and the proliferation of cancer awareness and screening programs. Mammography is the dominant imaging modality segment due to its critical role in early cancer detection and advancements in mammography systems.
Hospitals and clinics constitute the largest end-user segment, fueled by the growing number of healthcare facilities globally and the availability of skilled professionals.

Geographic Insights
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.
In summary, the CAD market's exponential growth trajectory underscores its pivotal role in revolutionizing cancer diagnosis and healthcare outcomes globally
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