Computer Aided Detection Market Size, Share, Trends, Growth 2032

Computer Aided Detection Market Insights

According to Zion Market Research, the global Computer Aided Detection Market was worth USD 871.55 Million in 2023. The market is forecast to reach USD 1643.21 Million by 2032, growing at a compound annual growth rate (CAGR) of 7.3% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Computer Aided Detection Market industry over the next decade.

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Computer Aided Detection Market: Overview

Computer aided detection is computer enabled technology used by radiologist for identifying and detecting various disorders. These detection techniques help healthcare professionals in medical images acquired after tests. Computer aided detections help in reducing false negative diagnosis and assists in increasing diagnostic efficiency despite radiologist experience. One of the major advantages of computer aided detection is it helps in reducing observational oversights by radiologist.

Computer aided detection is a computer-aided diagnostic technology that combines computer vision and artificial intelligence with radiological image processing for obtaining accurate diagnosis results and reduce time required for interpretation of images. CAD can also be utilized in emergency diagnosis for performing fully automatic interpretations and studies. Computer aided detection is utilized for diagnosis of various types of cancers including breast, lung, colon, and prostate, coronary artery disease, heart defects, and pathological brain detection.

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COVID-19 Impact Analysis

Computer aided detection market growth has slowed around the world owing to supply chain disruptions caused by lockdown and travel restrictions imposed by governments. Companies have not been able to procure raw materials and systems required for developing computer aided detection systems, which has been affecting the computer aided detection market growth. Further, healthcare and medical facilities have been extensively focusing on improving healthcare infrastructure for handling COVID-19 crisis, which has boosted investment in expanding basic healthcare infrastructure. This has hindered spending on new detection technologies by healthcare facilities, which has also impacted the global computer aided detection market growth. However, adoption of advanced computer aided imaging technologies by hospitals for detecting coronary artery disease and blood clots is likely to trigger the market growth.

Computer Aided Detection Market: Growth Factors

Computer aided imaging technologies have been playing a vital role in diagnosing and treating of chronic diseases. Adoption of new and advance imaging technologies has been driven by growing demand for accurate and reliable diagnosis from healthcare professionals, which also augmented the use of technologies for avoiding false negative diagnosis by radiologist that may occur due to observational oversights. Such trend in the diagnostic imaging sector is likely to boost the global computer aided detection market growth.

Global healthcare sector has been primarily driven by increasing consumer spending on treatment of various chronic diseases such as cancer and cardiovascular diseases. Individuals suffering from such chronic diseases and healthcare professionals are opting for advanced diagnosis for effective detection and accurate treatment. This has been accelerating the demand for computer aided detection systems. Further, healthcare facilities are also investing in developing their diagnostic capabilities, which has driven new investment in advanced computer based diagnostic systems. Such a trend in the healthcare industry is expected to create new opportunities for the global computer aided detection market growth.

Computer Aided Detection Market: Product Segment Analysis Preview

In terms of products, the mammography segment held a major share in the global computer aided detection market. Mammography is a low-energy X-ray diagnostic technique used for diagnosis as well as screening of breast cancer. Radiologists use this method for detecting breast cancer in early stage of development. Mammography market has soared around the world as there has been rising prevalence of breast cancer, which has triggered the number of scans done for detecting breast cancer. Such growth in the mammography market is expected to boost the demand for mammography computer aided detection.

Ultrasound imaging segment is predicted to contribute to the global computer aided detection market. Ultrasound imaging, also referred to as sonography, is useful in capturing real time data to see movement of blood vessels and organs. Use of computer aided detection for ultrasound imaging has increased as there has been rising use of machine learning and information technology for capturing accurate results. Growing use of machine learning and artificial intelligence for ultrasound imaging is likely to create new opportunities for the computer aided detection market growth.

Computer Aided Detection Market: Application Segment Analysis Preview

Based on applications, the oncology segment held a major share in the global computer aided detection market in 2020. In recent years, owing to changing lifestyle, evolving dietary patterns, hectic lifestyle, and growing exposure to chemicals has boosted the number of individuals suffering from cancer. Healthcare facilities are using advance imaging methods for reducing observational oversights, which helps in decreasing false negative rate. This factor should accelerate the demand for computer aided detection in oncology applications.

Computer Aided Detection Market: Report Scope

Computer Aided Detection Market: Regional Analysis Preview

North America healthcare industry has experienced significant development in owing to rapid adoption of new technologies by hospitals and diagnostic centers. Rising government investment in developing healthcare infrastructure and presence of computer aided detection providers in the region have also contributed to the growth of the North America computer aided detection market.

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Asia Pacific is estimated to grow at the highest rate over the forecasted timeline. Expanding healthcare industry in Asia Pacific owing to increasing investment into the sector. Further, there has been drastic increase in the number of individuals suffering from cancers and cardiovascular diseases pertaining to changing lifestyle. This should also contribute to the Asia Pacific computer aided detection market growth.

Computer Aided Detection Market: Players & Competitive Landscape

Some of key players in computer aided detection market are

• GE Healthcare
• Hologic, Inc
• Fujifilm Medical Systems USA, Inc
• Agfa-Gevaert N.V.
• Philips Healthcare
• Samsung Medison Co. Ltd.

The global Computer Aided Detection market is segmented as follows:

By Product

• Mammography
• Ultrasound Imaging
• Magnetic Resonance Imaging
• Tomosynthesis
• Computed Tomography
• Others

By Application

• Oncology
  • Breast Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Prostate Cancer
  • Liver Cancer
  • Bone Cancer
  • Other Cancer
• Cardiovascular & Neurological Indications

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa