Computer Aided Detection Market Size, Share, Growth Report 2030

Computer Aided Detection Market

Computer Aided Detection Market By Product (Mammography, Ultrasound Imaging, Magnetic Resonance Imaging, Tomosynthesis, Computed Tomography, and Others) and By Application (Oncology and Cardiovascular & Neurological Indications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Medical Device Report Format : PDF Pages: 130 Report Code: ZMR-503 Published Date: May-2021 Status : Published

The global computer aided detection market accounted for USD 704 Million in 2020 and is expected to reach USD 1,459 Million by 2028, growing at a CAGR of 9.5% from 2021 to 2028.

Computer Aided Detection Market

Market Overview

The global computer aided detection market accounted for USD 704 Million in 2020 and is expected to reach USD 1,459 Million by 2028, growing at a CAGR of 9.5% from 2021 to 2028.

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.

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.

Report Scope:

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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.

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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.

Regional Analysis Preview

North America region dominated the global computer aided detection market in 2020, holding a market share of nearly 45%. 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.

Key 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, and 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

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Computer Aided Detection market was valued at USD 704 Million in 2020.

The global computer aided detection market is expected to reach USD 1,459 Million by 2028, growing at a CAGR of 9.5% from 2021 to 2028.

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.

North America region dominated the global computer aided detection market in 2020, holding a market share of nearly 45%. 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.

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, and Samsung Medison Co. Ltd.

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