ALBANY, N.Y., Feb. 18, 2021
- The increasing prevalence of cancer across the globe and the growing awareness about cancer diagnosis are some vital factors aiding the growth of the computer aided detection market
- Based on various growth aspects, the computer aided detection market is projected to expand at a CAGR of 10.7 percent across the assessment period of 2019-2027
ALBANY, N.Y., Feb. 18, 2021 /PRNewswire/ -- The computer aided detection market is prognosticated to expand at a great growth rate during the forecast period of 2019-2027. The lifestyle of individuals across the globe has transformed extensively over the decades. The emergence of a busy and hectic lifestyle coupled with the consumption of unhealthy food products has led to the prevalence of many diseases and disorders.
The rising pollution levels are also a cause of various disorders. Cancer is one of the prominent causes of such lifestyle changes. Thus, based on these factors, the computer aided detection market will gain promising growth during the assessment period.
Computer aided detection, also known as CAD, is a computer-based technology. It helps radiologists in identifying or diagnosing cancer, neurological, or cardiovascular diseases. These tools assist healthcare practitioners in the detection of cancer cases at an early stage. These systems prove to be useful in starting the treatment at an early stage, eventually easing the process of cancer elimination. Thus, this aspect brings good growth opportunities for the computer aided detection market.
Transparency Market Research (TMR) has performed a detailed analysis on all the growth aspects related to the computer aided detection market. A thorough analysis led to the conclusion that the global computer aided detection market will record a CAGR of 10.7 percent during the tenure of 2019-2027. The global computer aided detection market was pegged at US$ 621.4 mn in 2019 and will reach a value of US$ 1405.2 mn by 2027.
The cancer diagnosis sector has witnessed expansive developments lately. The magnifying number of cancer cases and the rising awareness about the early detection of cancer is fuelling technological advancements. Thus, all these factors prove to be fruitful for the growth of the computer aided detection market. The need for quick detection systems will further enhance the growth opportunities across the computer aided detection market.
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Key Findings of the Report
Expansive Investments in Digital Solutions across the Healthcare Sector to Burnish Growth Prospects
The wave of digitalization has spread to almost all sectors. The healthcare sector is no exception. The healthcare sector is observing great advancements in terms of digital solutions. The growing influence of digitalization in the healthcare sector will fuel the growth of the computer aided detection market to a certain extent. Furthermore, the rising investments from a large number of conglomerates and firms in the digitization of healthcare will propel the growth of the computer aided detection market.
Analyze global computer aided detection market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Cancer-Related Initiatives by Governments of Numerous Countries to Increase the Growth Rate of the Computer Aided Detection Market
The rising cancer cases have prompted the government of numerous countries to design and formulate novel initiatives to detect and treat cancer. Such initiatives light the flame of growth across the computer aided detection market. For instance, under the Ayushman Bharat Yojana of the Indian Government, nearly 4,70,133 cancer cases have been treated till December 2019. Quick treatment is the result of quick diagnosis. The utilization of computer aided detection systems is crucial in such initiatives and schemes. Thus, similar initiatives will enhance the growth prospects across the computer aided detection market throughout the forecast period of 2019-2027.
Explore 241 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Computer Aided Detection Market (Application - Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer, and Bone Cancer) and Cardiovascular and Neurological Indications; Imaging Modality - Mammography, MRI, Ultrasound, Tomosynthesis, and CT) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/computer-aided-detection.html
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