Computer Aided Diagnostics (CADx) Market Size Forecasted to be Worth USD 1.19 Billion By 2028

Computer Aided Diagnostics (CADx) Market Size

According to a recent analysis, the global computer aided diagnostics (CADx) market size was valued at USD 685.62 Million in 2020 and is forecast to exceed USD 1.19 Billion in terms of revenue, delivering a CAGR of 7% through 2028. The market growth is driven by surging demand for more effective diagnosis procedures in healthcare facilities, increased accuracy and quick testing results, coupled with rise in number of health awareness initiatives and programs initiated by governments and NGOs.

Computer aided diagnostics involves computer generated imaging software for aiding doctors and healthcare providers in accurate disease diagnosis and treatment. The usage of CADx technology has been significantly increased in the past years among radiologists. Several studies indicate that utilization of computer aided diagnostics for breast cancer detection offers the most accurate results. Most of the diagnosis processes are becoming easier, convenient, and accurate with the growing use of Artificial Intelligence in the healthcare industry. Increasing awareness regarding health check-ups and preventive care among masses will provide impetus to the global computer aided diagnostics (CADx) market growth.

Computer Aided Diagnostics (CADx)

Computer Aided Diagnostics (CADx)

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Further key findings in the report

  • Based on application, the breast cancer segment accounted for nearly 25.1% of the global market revenue share in 2020 owing to rising incidence of breast cancer in women. Growing research activities and scientific evidences indicating early diagnosis and treatment of breast cancer can reduce patient mortality will boosts segmental growth in the coming years.
  • In the regional landscape, Europe accounted for a major chunk of the global CADx market in 2020 and is forecast to gain major traction through 2028. The robust growth is driven by extensive usege of Artificial Intelligence, and favorable healthcare coverage policies available in the region. Germany, Spain, Italy, France, Russia, and the UK account for significantly high share in the market in region.
  • Key players contributing towards the global computer aided diagnostics market are McKesson Corporation, FUJIFILM Medical Systems, iCAD Inc., Hitachi High Technologies Corporation, GE Healthcare, EDDA Technology Inc., Meduan Technologies, Philips Healthcare, Merge Healthcare Inc., and Hologic Inc., among others.

For this report, Emergen Research has segmented the global computer aided diagnostics (CADx) market based on application, imaging modalities, end-use, and region:

  • 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
  • Regional Outlook (Revenue: USD Billion; 2018–2028)
    • North America
      1. U.S.
      2. Canada
    • Europe
      1. Russia
      2. U.K
      3. Germany
      4. France
      5. BENELUX
    • Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest of MEA

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