Global Computer Aided Diagnosis Market Size By Imaging Modalities , By Application, By Geographic Scope And Forecast
Report ID: 33698|No. of Pages: 202
Global Computer Aided Diagnosis Market Size By Imaging Modalities , By Application, By Geographic Scope And Forecast
Computer Aided Diagnosis Market Size And Forecast
Computer Aided Diagnosis Market size was valued at USD 792.33 Million in 2024 and is projected to reach USD 1211.21 Million by 2031, growing at a CAGR of 6.01% from 2024 to 2031.
Global Computer Aided Diagnosis Market Drivers
The market drivers for the Computer Aided Diagnosis Market can be influenced by various factors. These may include:
- Technological Advancements: The accuracy and efficiency of CAD systems are being improved by ongoing developments in artificial intelligence (AI) algorithms and imaging modalities (such as MRI, CT scans, and X-rays), which is propelling market expansion.
- Growing Prevalence of Chronic Diseases: Early and accurate diagnosis is necessary due to the rising prevalence of chronic diseases such as cancer, cardiovascular disease, and neurological disorders. CAD systems can offer this, which is boosting demand in the market.
- Growing Aging Population: As the world’s population ages, age-related diseases—which frequently call for diagnostic imaging—are more common. CAD systems promote market expansion by assisting in the early diagnosis and detection of such problems.
- for Non-Invasive Diagnostic Procedures: By providing non-invasive diagnostic options, computer-aided diagnostic systems (CAD) lessen patient discomfort and the possibility of invasive procedure-related problems. This is what propels the use of CAD technology, especially in fields like breast cancer detection.
- Government financing and Initiatives: The use of CAD systems can be increased by providing financing and encouraging the development of healthcare infrastructure, particularly in emerging economies.
- Growing Healthcare Expenditure: The global increase in healthcare spending, particularly in industrialized nations, allows medical facilities to purchase sophisticated diagnostic tools such as computer-aided diagnosis (CAD) systems.
- Requirement for Efficient Delivery of Healthcare: CAD systems reduce diagnostic mistakes and streamline the diagnostic process, enhancing workflow efficiency for healthcare practitioners. The adoption of CAD technology is driven by the demand for efficiency in the delivery of healthcare.
- Education and Awareness Campaigns: Raising patient and healthcare provider acceptance of CAD systems is facilitated by education campaigns about the advantages of early diagnosis and technological improvements in medical imaging.
- Integration with Electronic Health Records (EHR) Systems: The smooth exchange of information and decision-making that results from the integration of CAD and EHR systems improves data accessibility and interoperability and propels market expansion.
Global Computer Aided Diagnosis Market Restraints
Several factors can act as restraints or challenges for the Computer Aided Diagnosis Market. These may include:
- High expenditures: The initial investment for CAD systems is frequently substantial and includes expenditures for training, software, and hardware. Healthcare facilities may find this high implementation cost to be a significant obstacle, especially in poor nations or smaller establishments.
- Integration Challenges: It can be difficult and expensive to integrate CAD systems with the current healthcare infrastructure, which includes picture archiving and communication systems (PACS) and electronic health records (EHR). Adoption rates may be slowed by compatibility problems and interoperability difficulties.
- Regulatory Obstacles: There are strict regulations governing CAD systems used in medical diagnostics, especially with regard to data privacy, safety, and efficacy. The process of obtaining regulatory approval can be costly and time-consuming, which delays the introduction of new ideas and products onto the market.
- Limited Clinical Evidence: Although CAD technology has advanced, there may not be enough solid clinical evidence to support its value in enhancing patient outcomes or diagnostic accuracy. Healthcare providers may be reluctant to widely implement CAD systems as a result of this uncertainty.
- Dependency on Expertise: CAD systems frequently use algorithms that have been trained using expert-curated datasets. The accuracy and dependability of CAD algorithms are, however, affected by the quality and representativeness of these datasets, which can differ, especially when it comes to rare diseases or varied patient populations.
- Workflow Disruption: Integrating CAD systems into clinical workflows may cause established procedures to change, and medical professionals may need to receive training in order to use the technology properly. Adoption rates may be slowed by healthcare workers’ resistance to change and worries about interruptions to workflow.
- Data Security Issues: Because CAD systems handle vast amounts of private patient data, there are issues with data security, privacy, and possible breaches. For CAD vendors and healthcare institutions, maintaining patient information security and compliance with data protection standards can be difficult yet necessary.
Global Computer Aided Diagnosis Market: Segmentation Analysis
The Global Computer Aided Diagnosis Market is Segmented on the basis of Imaging Modalities, Application, And Geography.
Computer Aided Diagnosis Market, By Imaging Modalities
- Mammography
- Nuclear Imaging
- Ultrasound Imaging
- Magnetic Resonance Imaging
- Others
Based on Imaging Modalities, the market is segmented into Mammography, Nuclear Imaging, Ultrasound Imaging, Magnetic Resonance Imaging, and Others. The segment is expected to hold the largest market share. These factors can be attributed to the growing incidence of cancer all over the world. According to the World Cancer Research Fund International 2012, North America and Oceania have the highest breast cancer rate.
Computer Aided Diagnosis Market, By Application
- Breast Cancer
- Lung Cancer
- Prostate Cancer
- Alzheimer’s Disease
- Diabetic Retinopathy
- Others
Based on Application, the market is segmented into Breast Cancer, Lung Cancer, Prostate Cancer, Alzheimer’s disease, Diabetic Retinopathy, and Others. The Breast Cancer segment is anticipated to have the highest CAGR in the forecasted period. The factors can be attributed to the rising awareness of regular breast cancer check-ups and the increasing prevalence of cancer.
Computer Aided Diagnosis Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Regional Analysis, the Global Computer Aided Diagnosis Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by North America owing to shifting trends from image analysis & pattern recognition algorithms to workflow management functions for diseases & conditions and ongoing research & development in this segment. The Asia Pacific is expected to grow at the highest CAGR due to increasing government initiatives, an upsurge in the demand for medical tourism, and the growing cost-effective technologies in this region.
Key Players
The major players in the Computer Aided Diagnosis Market are:
- Hologic
- AdvancedMD, Inc.
- Median Technologies
- Philips N.V.
- Canon Medical Systems
- Hitachi High Technologies Corporation
- Vucomp
- Siemens Healthcare
- EDDA Technology Inc.
- McKesson Corporation
- iCAD Inc
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| Unit | Value (USD Million) |
| KEY COMPANIES PROFILED | Hitachi High Technologies Corporation, Vucomp, Siemens Healthcare, EDDA Technology, Inc., McKesson Corporation, iCAD, Inc. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support
Customization of the Report
In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL COMPUTER AIDED DIAGNOSIS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL COMPUTER AIDED DIAGNOSIS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL COMPUTER AIDED DIAGNOSIS MARKET, BY IMAGING MODALITIES
5.1 Overview
5.2 Mammography
5.3 Nuclear Imaging
5.4 Ultrasound Imaging
5.5 Magnetic Resonance Imaging
5.6 Others
6 GLOBAL COMPUTER AIDED DIAGNOSIS MARKET, BY APPLICATION
6.1 Overview
6.2 Breast Cancer
6.3 Lung Cancer
6.4 Prostate Cancer
6.5 Alzheimer’s Disease
6.6 Diabetic Retinopathy
6.7 Others
7 GLOBAL COMPUTER AIDED DIAGNOSIS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East & Africa
8 GLOBAL COMPUTER AIDED DIAGNOSIS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Hitachi High Technologies Corporation
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Vucomp
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Siemens Healthcare
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 EDDA Technology, Inc.
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 McKesson Corporation
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 iCAD, Inc.
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
