Computer Aided Diagnostics (CAD) Market Forecast, Revenue, Demand, Growth and Key Companies Valuation by 2028

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Market Size – USD 685.62 Million in 2020, Market Growth at a CAGR of 7.0%, Market Trend – Extensive use of Artificial intelligence

The global computer aided diagnostics (CADx) market is projected to reach a market size of USD 1.19 Billion in 2028 and register a steady CAGR, according to latest analysis by Emergen Research. Some key factors driving market growth are increasing health awareness initiatives and programs by governments and NGOs, increased accuracy and quick testing results, and rising demand for more effective tests and procedures in hospitals and healthcare centers.

A mammogram is the primary testing step in detection of potential breast cancer or disease. Mammography is a screening tool used for detection and diagnosing breast cancer. A digital mammography transforms the X-ray into an electronic image of the breast that saves onto a computer, and images are immediately visible. The mammography segment is expected to account for  substantially high revenue share, followed by X-ray and MRI (magnetic resonance imaging) segments during the forecast period.  

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The global computer aided diagnostics (CADx) market is projected to remain highly competitive and fragmented. Major players are focusing on acquisitions and mergers, with key players in North America and Europe focusing on research and development to address rising demand driven by increasing prevalence of cancer in countries in these regions.

The report provides Computer Aided Diagnostics (CAD) market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Computer Aided Diagnostics (CAD) market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Computer Aided Diagnostics (CAD) Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Computer Aided Diagnostics (CAD) market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Computer Aided Diagnostics (CAD) market revenue growth to a significant extent over the forecast period.

Top key vendors in Computer Aided Diagnostics (CAD) Market include are:

FUJIFILM Medical Systems, McKesson Corporation, iCAD Inc., GE Healthcare, Hitachi High Technologies Corporation, EDDA Technology Inc., Philips Healthcare, Meduan Technologies, Hologic Inc., and Merge Healthcare Inc.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

  • Application Type Outlook (Revenue: USD Billion; 2018–2028)
    • Breast Cancer
    • Lung Cancer
    • Liver Cancer
    • Oncology
    • Others
  • Imaging Modalities Outlook (Revenue: USD Billion; 2018–2028)
    • Mammography
    • X-Ray
    • Ultrasound
    • MRI
    • CT Scan
    • Others
  • End-use Outlook (Revenue: USD Billion; 2018–2028)
    • Hospitals
    • Clinics
    • Diagnostic Centers
    • Others

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Computer Aided Diagnostics (CAD) Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Computer Aided Diagnostics (CAD) industry

North America Computer Aided Diagnostics (CAD) market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Computer Aided Diagnostics (CAD) market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.

Asia Pacific registered fastest revenue CAGR in 2020, and the Computer Aided Diagnostics (CAD) market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.

Europe Computer Aided Diagnostics (CAD) market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Computer Aided Diagnostics (CAD) market growth.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

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The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Computer Aided Diagnostics (CAD) industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Computer Aided Diagnostics (CAD) market across different regions?
  • Who are the major driving forces expected to decide the fate of the Computer Aided Diagnostics (CAD) industry worldwide?
  • Who are the prominent market players making a mark in the Computer Aided Diagnostics (CAD) market with their winning strategies?
  • Which Computer Aided Diagnostics (CAD) industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Computer Aided Diagnostics (CAD) market?

Table of Content

Chapter 1. Methodology Sources

    1.1. Computer Aided Diagnostics (CAD) Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Computer Aided Diagnostics (CAD) Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Computer Aided Diagnostics (CAD) Market Segmentation Impact Analysis

    4.1. Computer Aided Diagnostics (CAD) Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Computer Aided Diagnostics (CAD) Market indicators analysis

          4.2.2. Computer Aided Diagnostics (CAD) Market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. Computer Aided Diagnostics (CAD) Market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Computer Aided Diagnostics (CAD) products

                    4.2.3.2. Availability of renewable sources of energy

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

    10.1. Computer Aided Diagnostics (CAD) Market Revenue Share By Manufacturers

    10.2. Mergers Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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