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Computer Aided Detection Market - Global Industry Analysis

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

Published Date: 05-May-2021 Category: Medical Device Report Format : PDF Pages: 130 Report Code: ZMR-503 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.

Description

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 helps healthcare professionals in medical images acquired after tests. Computer aided detections help in reducing false negative diagnosis and assists in increasing diagnostic efficiency despite of 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.

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:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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 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.

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 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.

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

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Computer Aided Detection Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Computer Aided Detection Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Mammography
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Ultrasound Imaging
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Magnetic Resonance Imaging
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Tomosynthesis
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Computed Tomography
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Others
      • 4.7.1. Market Size and Forecast, By Region (USD Million)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Computer Aided Detection Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Onculogy
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Cardiovascular & Neurulogical Indications
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Computer Aided Detection Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7 Computer Aided Detection Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Computer Aided Detection Market: Company Market Share, 2019
      • 8.1.2. Global Computer Aided Detection Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Computer Aided Detection Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Computer Aided Detection Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. GE Healthcare
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Hulogic, Inc.
    • 9.3. Fujifilm Medical Systems USA, Inc.
    • 9.4. Agfa-Gevaert N.V.
    • 9.5. Philips Healthcare
    • 9.6. Samsung Medison Co. Ltd.
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Computer Aided Detection Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 7. Global Computer Aided Detection Market for Mammography, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Computer Aided Detection Market for Mammography, By Country, 2020 & 2028
FIG NO. 9. Global Computer Aided Detection Market for Ultrasound Imaging, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Computer Aided Detection Market for Ultrasound Imaging, By Country, 2020 & 2028
FIG NO. 11. Global Computer Aided Detection Market for Magnetic Resonance Imaging, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Computer Aided Detection Market for Magnetic Resonance Imaging, By Country, 2020 & 2028
FIG NO. 13. Global Computer Aided Detection Market for Tomosynthesis, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Computer Aided Detection Market for Tomosynthesis, By Country, 2020 & 2028
FIG NO. 15. Global Computer Aided Detection Market for Computed Tomography, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Computer Aided Detection Market for Computed Tomography, By Country, 2020 & 2028
FIG NO. 17. Global Computer Aided Detection Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Computer Aided Detection Market for Others, By Country, 2020 & 2028
FIG NO. 19. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 20. Global Computer Aided Detection Market for Oncology, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Computer Aided Detection Market for Oncology, By Country, 2020 & 2028
FIG NO. 22. Global Computer Aided Detection Market for Cardiovascular & Neurological Indications, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Computer Aided Detection Market for Cardiovascular & Neurological Indications, By Country, 2020 & 2028
FIG NO. 24. Global Computer Aided Detection Market Revenue Share, By Region, 2020 & 2028
FIG NO. 25. North America Computer Aided Detection Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 26. Porter’s Five Forces Analysis for Global Computer Aided Detection Market
FIG NO. 27. PEST Analysis for Global Computer Aided Detection Market
FIG NO. 28. Pricing Analysis for Global Computer Aided Detection Market
FIG NO. 29. Value Chain Analysis for Global Computer Aided Detection Market
FIG NO. 30. Company Share Analysis, 2019
FIG NO. 31. Radar Determinant Chart, 2019
FIG NO. 32. Company Strategic Developments – Heat Map Analysis
FIG NO. 33. GE Healthcare Business Segment Revenue Share, 2020 (%)
FIG NO. 34. GE Healthcare Geographical Segment Revenue Share, 2020 (%)
FIG NO. 35. Market Channels
FIG NO. 36. Marketing Channel Development Trend
FIG NO. 37. Growth in World Gross Product, 2008-2018
FIG NO. 38. Research Methodology – Detailed View
FIG NO. 39. Research Methodology


List of Tables 

TABLE NO. 1. Global Computer Aided Detection Market: Snapshot
TABLE NO. 2. Quarterly Computer Aided Detection Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Computer Aided Detection Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Computer Aided Detection Market for Mammography, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Computer Aided Detection Market for Ultrasound Imaging, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Computer Aided Detection Market for Magnetic Resonance Imaging, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Computer Aided Detection Market for Tomosynthesis, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Computer Aided Detection Market for Computed Tomography, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Computer Aided Detection Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Computer Aided Detection Market for Oncology, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Computer Aided Detection Market for Cardiovascular & Neurological Indications, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Computer Aided Detection Market for Interventional Oncology, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Computer Aided Detection Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Computer Aided Detection Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Computer Aided Detection Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 18. North America Computer Aided Detection Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 19. U.S. Computer Aided Detection Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 20. U.S. Computer Aided Detection Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 21. Canada Computer Aided Detection Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 22. Canada Computer Aided Detection Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. Mexico Computer Aided Detection Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 24. Mexico Computer Aided Detection Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 25. Drivers for the Computer Aided Detection Market: Impact Analysis
TABLE NO. 26. Restraints for the Computer Aided Detection Market: Impact Analysis
TABLE NO. 27. Major Buyers of Computer Aided Detection
TABLE NO. 28. Distributors/Traders List of Computer Aided Detection
TABLE NO. 29. Global Computer Aided Detection Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 30. Global Computer Aided Detection Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Computer Aided Detection market. Zion Research has collected and analyzed key data belong to the global Computer Aided Detection market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Computer Aided Detection across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Computer Aided Detection industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Computer Aided Detection market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Computer-aided detection is a procedure in medicine that assists doctors in the interpretation of medical images.  Computer-aided detection technology can help to scan digital images, e.g. from computed tomography, for typical appearances and to highlight conspicuous sections, such as possible diseases.

The Computer aided detection market is expected to witness significant growth over the next few years. The market is mainly driven by increasing incidence and prevalence of chronic diseases such as cancer coupled with the aging population. As per the WHO report, cancer is the leading cause of mortality and morbidity across the globe. Around 12 million new cancer cases and 8.0 million cancer related deaths in 2012, and these cases are estimated to reach around 22 million within next two decades. Favorable reimbursement for breast cancer CAD solutions and its well-established identity as a supplement tool in the diagnosis of the breast is another key driving factor for this market. However, scarcity of healthcare IT professionals and high maintenance and service expenditure may hamper the market growth during the forecast period. Nonetheless, the evolution of artificial intelligence (AI) to assist in the continuous development of CAD is expected to open up new growth opportunities in the near future.

Global-Computer-Aided-Detection-Market

Resonance imaging, mammography, ultrasound imaging, tomosynthesis, computed tomography and others are some of the key products in the market.  Mammography was the leading segment and it accounted for the largest share of the total market in terms of revenue in 2015. This growth is mainly due to increase prevalence of cancer, which is the lead cause of morbidity and mortality. For instance, according to the World Cancer Research Fund International, North America, and Oceania accounted for the highest breast cancer rate. Thus, this segment is also expected to exhibit strong growth within the forecast period.

On the basis of application, the market can be segmented into oncology, cardiovascular and neurological indications. Oncology is further classified into breast cancer, lung cancer, colorectal cancer, prostate cancer, liver cancer, bone cancer and other cancer. The computer aided detection market dominated by oncology segment. The prostate cancer application segment is expected to increase at the fastest growth rate from 2016 to 2021. This can be attributed to the increasing number of regulatory approvals for various prostate cancer detection CAD solutions and the rising incidence of the disease.

Based on product, the computer aided detection can be segmented into magnetic resonance imaging, mammography, ultrasound imaging, tomosynthesis, computed tomography and others. Among all products, mammography dominated the computer aided detection market owing to increasing prevalence of cancer, which is the lead cause of morbidity and mortality. For instance, according to the World Cancer Research Fund International, North America, and Oceania accounted for the highest breast cancer rate. Thus, this segment is also expected to be a fastest growing segment over in forecast period.

North America held the largest share of computer aided detection market and is projected to witness the highest growth within the forecast period owing to the adoption of new technology and surging R&D initiatives. Europe was the second largest regional market and is expected to show significant growth in the years to come. Asia Pacific computer aided detection market is expected to be the fastest-growing region in the years to come. Growth in this region will be mainly driven by factors such as rising aged population, coupled with the increasing incidence of chronic disease.

Some of the key players in the market operating in this market include GE Healthcare, Agfa-Gevaert N.V., Fujifilm Medical Systems USA, Inc., Hologic, Inc., Samsung Medison Co. Ltd, and Philips Healthcare.

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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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