ICAD INC.

Company Snapshot

Founded: 1984
Entity Type: Public
Employees: 69
Region: U.S.
Revenue: $19.6 Millions
Revenue Year: 2024
Headquarter: New Hampshire, U.S.
Key Geographics: U.S.
Corporate Address: 98 Spit Brook Road, Suite 100, Nashua, New Hampshire 03062 U.S. Tel. +1-603-882-5200 www.icadmed.com

Company Overview

ICAD develops AI-powered solutions that enable healthcare providers to detect cancer in early stages accurately. The company’s ProFound Breast Health Suite is designed for AI-based analysis of mammography for breast cancer detection and risk evaluation. The solution is offered in over 50 countries. The product received regulatory clearance from the U.S. FDA, Health Canada and CE marking. The updated version of the iCAD ProFound Breast Health solution is under FDA review. It is designed using new deep-learning neural networks for breast cancer, density and risk assessments. The newly upgraded product will have increased specificity and sensitivity.

Financial Highlights (FY 2024)

Net Revenue: ***
Operating Income: ***

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ICAD INC. In Reports

Artificial Intelligence (AI) in Cancer

BCC Research Market Analyst says global market for artificial intelligence in cancer is estimated to increase from $2.2 billion in 2024 to reach $6.3 billion by 2029, at a CAGR of 23.1%.

Software as a Medical Device: Global Market Outlook

BCC Research Market Report for Software as Medical Device Market. SaMD market will experience growth in the future due to expected increase in the adoption of digital health solutions such as AI integrated saMD.

Company's Business Segments

  • Product : PowerLook, ProFound AI, VeraLook, Xoft System
  • Services : Support, Technical Assistance

Applications/End User Industries

  • Healthcare
  • Medical Imaging
  • Radiology
  • Oncology
  • Medical Devices
  • Clinical Research
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