Global Computer Aided Detection System Market Size, Share and Industry Analysis by Regions, Countries, Types, and Applications, Forecast to 2028

SKU ID : Maia- 23952905

Publishing Date : 06-Jun-2023

No. of pages : 115

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  • The global Computer Aided Detection System market size was valued at USD 409.42 Million in 2022 and will reach USD 654.4 Million in 2028, with a CAGR of 8.13% during 2022-2028.

    Computer aided detection (CAD) System is a technology designed to decrease observational oversightsand thus the false negative ratesof physicians interpreting medical images. Prospective clinical studies have demonstrated an increase in breast cancer detection with CAD assistance.

    Increased competition
    The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.

    Artificial intelligence has great benefits for cancer screening, especially in the environment where resources are scarce
    In recent years, the image recognition technology based on artificial intelligence has made great progress. Many researchers and companies are now studying different types of projects to improve the speed, accuracy and cost of cancer screening. CAD is an interdisciplinary technology combining elements of artificial intelligence and computer vision with radiological and pathology image processing. A typical application is the detection of a tumor. For instance, some hospitals use CAD to support preventive medical check-ups in mammography (diagnosis of breast cancer), the detection of polyps in the colon, and lung cancer. Artificial intelligence has great benefits for cancer screening, especially in the environment where resources are scarce. Artificial intelligence algorithms can be learned from a larger library than radiologists. In some cases, one million or more images. Once trained, artificial intelligence can be copied, except for the hardware to run it, but there is actually no extra cost, and copying a trained radiologist takes about 8 years of medical school and resident. Therefore, it can solve the problem of local lack of trained radiologists.

    Region Overview:
    Geographically, North America held the largest market share -- 38.72% in 2021.

    Company Overview:
    Hologic is one of the major players operating in the Computer Aided Detection System market, holding a share of 22.53% in 2022.

    Hologic
    Hologic, Inc. is a medical technology company primarily focused on womens health; it sells medical devices for diagnostics, surgery, and medical imaging.

    ICAD (VuCOMP)
    iCAD is a leading global provider of advanced image analysis, workflow solutions and radiation therapies for the early detection and treatment of cancer. iCAD offers advanced breast cancer detection solutions built on artificial intelligence, that enable radiologists to find cancers earlier while improving reading workflow.

    Segmentation Overview:
    As for product types, the X-Ray Imaging segment held the largest market share in 2021.

    X-Ray Imaging
    X-rays are a type of radiation called electromagnetic waves. X-ray imaging creates pictures of the inside of human body.

    Computed Tomography
    Computed tomography (CT) is a diagnostic imaging test used to create detailed images of internal organs, bones, soft tissue and blood vessels.

    Ultrasound Imaging
    Ultrasound imaging (sonography) uses high-frequency sound waves to view inside the body. Because ultrasound images are captured in real-time, they can also show movement of the body's internal organs as well as blood flowing through the blood vessels.

    Magnetic Resonance Imaging
    Magnetic resonance imaging (MRI) is a type of scan that uses strong magnetic fields and radio waves to produce detailed images of the inside of the body.

    Nuclear Medicine Imaging
    Nuclear medicine imaging is a method of producing images by detecting radiation from different parts of the body after a radioactive tracer is given to the patient.

    Application Overview:
    The market's largest segment by application is the segment Breast Cancer, with a market share of 41.22% in 2021.

    Breast Cancer
    CAD is used in screening mammography (X-ray examination of the female breast).

    Lung Cancer
    Computer Aided Diagnosis System (CAD) is for early detection of lung cancer nodules from the Computer Tomography (CT) images.

    Colon/ Rectal Cancer
    CAD is available for detection of colorectal polyps in the colon in CT colonography.

    Prostate Cancer
    Computer Aided-Diagnose (CAD) could assist radiologists to decrease reading times and cost, and increase diagnostic effectiveness. CAD mimics radiologist and imaging guidelines to detect prostate cancer.

    Liver Cancer
    Liver cancer is one of the common diseases that cause the death. Early detection is important to diagnose and reduce the incidence of death. Improvements in medical imaging and image processing techniques have significantly enhanced interpretation of medical images. Computer-Aided Diagnosis (CAD) systems based on these techniques play a vital role in the early.

    Bone cancer
    Bone metastasis occurs when cancer cells from primary tumors relocate to bones. Computer aided detection system can help diagnosis.

    The Computer Aided Detection System market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.

    Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.

    In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.

    Key Companies in the global Computer Aided Detection System market covered in Chapter 4:
    ICAD (VuCOMP)
    IBM
    Philips Healthcare
    Hologic
    Median Technologies
    EDDA Technology
    Neusoft Corporation
    MeVis Medical Solutions
    Siemens Healthineers
    Riverain Technologies

    In Chapter 12 and Chapter 14.1, on the basis of types, the Computer Aided Detection System market from 2018 to 2028 is primarily split into:
    X-Ray Imaging
    Computed Tomography
    Ultrasound Imaging
    Magnetic Resonance Imaging
    Nuclear Medicine Imaging
    Others

    In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Computer Aided Detection System market from 2018 to 2028 covers:
    Breast Cancer
    Lung Cancer
    Colon/ Rectal Cancer
    Prostate Cancer
    Liver Cancer
    Bone Cancer
    Neurological/ Musculoskeletal/ Cardiovascular

    Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
    North America (United States, Canada, Mexico)
    Europe (Germany, United Kingdom, France, Italy, Spain)
    Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
    South America (Brazil, Argentina)
    Middle East & Africa (Saudi Arabia, UAE, South Africa)

    Outline:
    Chapter 1 begins with the Computer Aided Detection System market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Computer Aided Detection System market and its likely evolution in the short to mid-term and long term.

    Chapter 2 provides Computer Aided Detection System industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.

    Chapter 3 depicts Computer Aided Detection System industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.

    Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Computer Aided Detection System market ranking, benchmarks, and company business portfolio.

    Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.

    Chapters 6-10 highlight Computer Aided Detection System market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.

    Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.

    Chapters 12-13 evaluate the Computer Aided Detection System market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.

    Chapters 14-15 elaborate on the Computer Aided Detection System market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.

    Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

    Years considered for this report:


    Historical Years:

    2018-2022

    Base Year:

    2022

    Estimated Year:

    2023

    Forecast Period:

    2023-2028

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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