Research Overview
Introduction of Screening Programmes Spurs Uptake of CAD Systems
Large-scale implementation of screening programmes for the detection of breast cancer by European countries such as the Netherlands, Scandinavia and Belgium is driving the computer aided detection (CAD) systems market. CAD is fast becoming a must-have technology in the radiology department with its ability to offer sophisticated detection capabilities, sensitivity to changes in image acquisition and digitisation and ease of integration with existing clinical mammography. In fact, CAD systems increase the detection rate of cancer by 25 per cent. The United Kingdom is going a step further with initiatives to set up mobile screening programmes. This is expected to serve a larger and more diverse patient population and provide further impetus to the CAD systems market.
This Frost & Sullivan research evaluates the current and future trends in the European CAD systems market through a critical analysis of the challenges, drivers and restraints that influence demand. The study also highlights the key growth areas and provides strategic recommendations to exploit the emerging opportunities.
Mammography Proving to be a Lucrative Market for CAD
Mammography CAD forms almost 97 per cent the total European CAD market and is deriving its phenomenal growth from the increasing adoption of digital mammography. "The CAD systems can be easily incorporated into the old analogue or film-based mammography machines with a digitiser or directly with the digital full-field digital mammography systems (FFDM)," states the analyst. "The adoption of FFDM is expected to carry the CAD systems market towards success."
However, the mammography CAD market faces competition from original equipment manufacturers (OEMs) that are combining the CAD and mammography systems. End users find a single solution far more convenient and cost-effective, compelling CAD developers to form mutually beneficial strategic alliances with the OEMs of digital mammography systems. Since price plays such a key role in the purchase decision, the introduction of reimbursements for mammography CAD in many European countries is also expected to push the market forwards.
New Technologies and Features Essential for Future Growth
The European CAD systems market is highly competitive with leading companies holding almost 90 per cent of the total market. "In order to reach the top slot, existing participants and new entrants need to bring in products adequately suited to meet the needs of the radiologists," says the analyst. They must pay attention to the key competitive factors that include adaptability to analogue as well as digital modes, ease of use, price, better quality and high detection rates.
Currently, archiving is an in-demand feature that CAD developers are trying to incorporate into the systems. In the future, companies that offer multi-modality CAD systems extending to computed tomography (CT) and magnetic resonance imaging (MRI) and also diseases apart from cancer stand to gain tremendously. Overall, the opportunities for growth in the CAD market are immense and go beyond mammography and into emerging segments such as virtual colonoscopy and lung/CT.
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Benefits of this Service
Overview of New Developments in the CAD Systems Market
The new developments in the field of computer aided detection (CAD) in terms of higher detection rates have led to increased demand for these systems in cancer screening. This research service focuses on the trends and developments that shape the future of the European CAD systems market.
Critical Analysis of and Insights into CAD Systems Market
This study provides a critical analysis of the key challenges, drivers and restraints that influence growth of the CAD systems market. It also looks into the emerging class of products, the companies leading the developments efforts and the likely impact of the new products on market revenues.
Comprehensive Opportunity Analysis
Lung CAD and the virtual colonoscopy are the upcoming segments in the European CAD market. This research service examines the key growth areas and provides strategic recommendations to exploit the emerging opportunities. Participants can focus their attention on these areas and take advantage of the underlying potential.
Analysis of Competitive Structure in the CAD Systems Market
The European CAD systems market is highly competitive. In a bid to increase market share, participants enter into mergers and acquisitions. Critical analysis of the market dynamics in this study will help participants to adopt the optimum competitive strategy suitable for their business.
Table of Contents
STRATEGIC ANALYSIS OF THE EUROPEAN COMPUTER AIDED DETECTION (CAD) SYSTEMS MARKETS
- Introduction and Overview
- Introduction and Overview
- Research Scope and Methodology
- Research Scope and Methodology
- Introduction and Background to CAD Systems Market
- Introduction to CAD Systems
- Segmentation of CAD Systems by Type
- Segmentation by Application
- Market Dynamics
- Key Challenges
- Drivers for the CAD Systems Market
- Restraints for the CAD Systems Market
- Market Engineering Measurements
- Revenue Forecast
- Pricing Analysis
- Geographic Analysis
- Competitive Structure
- Competitive Structure by Product Type
- CAD Mammography
- Introduction to Mammography CAD
- Analysis of the Mammography CAD Systems Market
- Market Share Analysis
- Emerging Products in European CAD
- Lung/CT CAD
- Virtual Colonoscopy
- MRI CAD
- Future Trends in European CAD Market
- Technology Trends
- Healthcare Initiatives in Europe
- Future Trends and Directions
- Strategic Analysis and Recommendations
- Major Challenges and Strategies
- Strategic Recommendations for Industry Participants
- Customer Priorities
- Product Life Cycle
- Business Framework
- Strategic Alliances
- Company Profiles
- Frost & Sullivan Awards
- Frost & Sullivan Awards
- Market Leadership Award
- Competive Strategy Leadership Award
- Growth Strategy Leadership Award
- Entrepreneurial Company Award
- Industry Participants
- CAD Systems Providers
- Major OEMs
- Decision Support Databases
- DSD for Incidence of Breast Cancer
- DSD for Mortality due to Breast Cancer
- DSD for Incidence of Lung Cancer
- DSD for Mortality due to Lung Cancer
- DSD for Incidence of Colon Rectum Cancer
- DSD for Mortality due to Colon Rectum Cancer
- About Frost & Sullivan
- Our Team
- Consulting Capabilities
