imaging devices integrated with their in-house CAD in order to provide
a constant source of income in case the FDA approval takes longer
time. Besides this, outsourcing of some of the existing software to
imaging device manufacturers like Philips Healthcare has also been
the norm among successful CAD manufacturers like iCAD, Inc. and
Invivo Corp. The popularity of CAD is not as high as expected by the
market observers. However, a number of recent research activities in
reputed institutions such as New England Journal of Medicine and
University of Michigan showing increased accuracy of a radiologist’s
reading with CAD in comparison to radiologist’s reading without CAD
assistance, and increase in the number of similar such studies will
augment the growth of this market. Customization of services and
versatility is one of the prime qualities favored by the target segment of
CAD i.e. hospitals, and diagnostic centers, as different hospitals have
their own way of managing patient care and their records. With