Currently, there are about 270 CAD systems installed throughout Europe, the firm said. Revenues in the market reached $27 million (U.S.) in 2003 and are expected to show a compound annual growth rate of 26.5% over the period 2003-2008.
The report, Strategic Analysis Service on European Computer Aided Detection Systems Markets, states that adaptability to analog as well as digital modes, ease of use, price, better quality, and high detection rates are all key ingredients of a competitive offering. The systems have the capability to increase breast cancer detection rates by almost 25%, according to the firm.
Although mammography CAD (both digital and analog) accounts for 97% of the current market share, Frost & Sullivan believes that in the future companies that offer multimodality CAD systems extending to CT and MRI, and other diseases apart from cancer, stand to gain tremendously.
By AuntMinnie.com staff writers
November 23, 2004
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