Computer Aided Detection Market Size, Trends, Growth, Report 2027

Summary

Report Description

The global computer aided detection market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include rise in incidences of chronic diseases and technological advancements, which are bolstering the growth of the market, globally. Computer aided detection (CAD) is a group of algorithms that use pattern identification to help physicians understand medical images. The computer aided detection software helps in the early diagnosis of various diseases such as cardiovascular diseases, cancer, chronic diseases, and neurological diseases through the imaging modalities, such as magnetic resonance imaging, x-rays imaging, ultrasound imaging, and computed tomography. The other factors supporting the market's growth are increasing awareness, growing investments, increase in population, changing lifestyle, increasing adoption of inorganic growth strategies and support from governments for healthcare infrastructure. Also, the gradual surge in demand for health insurance and medical tourism are some of the key factors that are projected to bolster the market growth.

Rising Prevalence of Chronic Diseases

Rising incidence of various chronic diseases such as stroke, various types of cancers, cardiovascular disorders, and neurological dysfunctions are increasing the demand of computer-aided detection, which propels the market growth, globally. Owing to the rapid change in lifestyles and environment, the number of cancer cases such as lung cancer, cervical cancer, breast cancer, prostate, and leukemia, are rising which enables the need for CAD. According to WHO, there is a probability of a 30% rise in the number of cancer cases by 2038. Computer-aided detection system assist doctors to detect cancer at early stages, reduce mortality rates for cancer and other diseases and also helps in decreasing the false negative rate, due to which people and multispecialty hospitals are opting for diagnostic imaging techniques. Thus, in turn, bolstering the growth of the market. According to the CDC, in the U.S., roughly 210,828 people were detected with lung cancer, including 99,433 women and 111,395 men. Also, in the U.S., 157,423 people died from lung cancer. Furthermore, due to the growing awareness among the patients about successful cancer treatment, is also a contributing factor for the growth of the market.

Technological Advancements and Increasing Investments

Over the past few years, rapid technological advancements are done in healthcare sector, which propels the market growth. Technological advancements like evolution of artificial intelligence (AI) and increase in sensitivity are projected to strengthen the continuous development of the global CAD market. For instance, in 2020, a study in work with data sets from the U.S. and the United Kingdom (U.K.) revealed that the AI model was able to successfully screen for breast cancer using only the pixel data given. Medical researchers and physicians are using medical imaging devices which are coupled with computer aided detection. Owing to the demand for error free detection, the demand for computational assistance is rising. Therefore, advanced digital imaging techniques are being improved for the better effectiveness and efficiencies of CAD solutions. In addition to these, major investments in R&D of computer aided detection with 3D imaging is augmenting the growth of the market.

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Market Segmentation

The global computer aided detection market is segmented into imaging modality, application, and company. Based on imaging modality, the market is divided into mammography, MRI, ultrasound, tomosynthesis, and others. Based on application, the market is divided into oncology, cardiovascular diseases, and neurological disorders. Based on oncology, the market is further divided into breast cancer, lung cancer, colorectal cancer, prostate cancer, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rise in incidence of various types of cancer in the country.

Market Players

Hologic Inc., GE Healthcare, Agfa-Gevaert N.V, iCAD, Inc., Invivo Corporation, McKesson Corporation, Siemens Healthineers AG, EDDA technology, Inc., FUJIFILM Medical Systems U.S.A., Inc., and Koninklijke Philips N.V. are some of the leading companies operating in the market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume Units and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends
Segments covered	· Imaging Modality · Application · Company
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa
Key companies profiled	Hologic Inc., GE Healthcare, Agfa-Gevaert N.V, iCAD, Inc., Invivo Corporation, McKesson Corporation, Siemens Healthineers AG, EDDA technology, Inc., FUJIFILM Medical Systems U.S.A., Inc., and Koninklijke Philips N.V.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global computer aided detection market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Computer Aided Detection Market, By Imaging Modality:

o Mammography

o MRI

o Ultrasound

o Tomosynthesis

o Others

· Computer Aided Detection Market, By Application:

o Oncology

§ Breast Cancer

§ Lung Cancer

§ Colorectal Cancer

§ Prostate Cancer

§ Others

o Cardiovascular Diseases

o Neurological Disorders

· Computer Aided Detection Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Australia
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy

South America

Brazil
Argentina
Colombia

Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in computer aided detection market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Computer Aided Detection Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Computer Aided Detection Market

4. Voice of Customer

5. Executive Summary

6. Global Computer Aided Detection Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Imaging Modality (Mammography, MRI, Ultrasound, Tomosynthesis, Others)

6.2.2. By Application (Oncology, Cardiovascular Diseases, Neurological Disorders)

6.2.2.1. By Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Others)

6.2.3. By Company (2021)

6.2.4. By Region

6.3. Market Map

7. North America Computer Aided Detection Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Imaging Modality (Mammography, MRI, Ultrasound, Tomosynthesis, Others)

7.2.2. By Application (Oncology, Cardiovascular Diseases, Neurological Disorders)

7.2.2.1. By Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Others)

7.2.3. By Country

7.3. North America: Country Analysis

7.3.1. United States Computer Aided Detection Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Imaging Modality

7.3.1.2.2. By Application

7.3.2. Mexico Computer Aided Detection Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Imaging Modality

7.3.2.2.2. By Application

7.3.3. Canada Computer Aided Detection Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Imaging Modality

7.3.3.2.2. By Application

8. Europe Computer Aided Detection Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Imaging Modality (Mammography, MRI, Ultrasound, Tomosynthesis, Others)

8.2.2. By Application (Oncology, Cardiovascular Diseases, Neurological Disorders)

8.2.2.1. By Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Others)

8.2.3. By Country

8.3. Europe: Country Analysis

8.3.1. France Computer Aided Detection Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Imaging Modality

8.3.1.2.2. By Application

8.3.2. Germany Computer Aided Detection Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Imaging Modality

8.3.2.2.2. By Application

8.3.3. United Kingdom Computer Aided Detection Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Imaging Modality

8.3.3.2.2. By Application

8.3.4. Italy Computer Aided Detection Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Imaging Modality

8.3.4.2.2. By Application

8.3.5. Spain Computer Aided Detection Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Imaging Modality

8.3.5.2.2. By Application

9. Asia-Pacific Computer Aided Detection Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Imaging Modality (Mammography, MRI, Ultrasound, Tomosynthesis, Others)

9.2.2. By Application (Oncology, Cardiovascular Diseases, Neurological Disorders)

9.2.2.1. By Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Others)

9.2.3. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Computer Aided Detection Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Imaging Modality

9.3.1.2.2. By Application

9.3.2. India Computer Aided Detection Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Imaging Modality

9.3.2.2.2. By Application

9.3.3. Japan Computer Aided Detection Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Imaging Modality

9.3.3.2.2. By Application

9.3.4. South Korea Computer Aided Detection Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Imaging Modality

9.3.4.2.2. By Application

9.3.5. Australia Computer Aided Detection Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Imaging Modality

9.3.5.2.2. By Application

10. South America Computer Aided Detection Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Imaging Modality (Mammography, MRI, Ultrasound, Tomosynthesis, Others)

10.2.2. By Application (Oncology, Cardiovascular Diseases, Neurological Disorders)

10.2.2.1. By Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Others)

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Computer Aided Detection Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Imaging Modality

10.3.1.2.2. By Application

10.3.2. Argentina Computer Aided Detection Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Imaging Modality

10.3.2.2.2. By Application

10.3.3. Colombia Computer Aided Detection Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Imaging Modality

10.3.3.2.2. By Application

11. Middle East and Africa Computer Aided Detection Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Imaging Modality (Mammography, MRI, Ultrasound, Tomosynthesis, Others)

11.2.2. By Application (Oncology, Cardiovascular Diseases, Neurological Disorders)

11.2.2.1. By Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Others)

11.2.3. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Computer Aided Detection Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Imaging Modality

11.3.1.2.2. By Application

11.3.2. Saudi Arabia Computer Aided Detection Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Imaging Modality

11.3.2.2.2. By Application

11.3.3. UAE Computer Aided Detection Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Imaging Modality

11.3.3.2.2. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Hologic Inc.

14.2. GE Healthcare

14.3. Agfa-Gevaert N.V

14.4. iCAD, Inc.

14.5. Invivo Corporation

14.6. McKesson Corporation

14.7. Siemens Healthineers AG

14.8. EDDA technology, Inc.

14.9. FUJIFILM Medical Systems U.S.A., Inc.

14.10. Koninklijke Philips N.V.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the Global Computer Aided Detection Market?

An increase in technological advancements and rise in prevalence of chronic diseases are driving the demand for the global computer aided detection market.

Who are the top players operating in the Global Computer Aided Detection Market?

Hologic Inc., GE Healthcare, Agfa-Gevaert N.V, iCAD, Inc., Invivo Corporation, McKesson Corporation, Siemens Healthineers AG, EDDA technology, Inc., FUJIFILM Medical Systems U.S.A., Inc., and Koninklijke Philips N.V. are the key players operating in the global computer aided detection market.

What are the key factors hampering growth for the Global Computer Aided Detection Market?

High service & maintenance expenses of CAD, lack of IT healthcare professionals, poor reimbursement schemes (especially in the emerging nations), and unfavorable taxation policies are likely to hamper the growth of global computer aided detection market.