According to the most recent report by Emergent Research, the worldwide computer-assisted diagnostics (CADx) market is anticipated to reach a market value of USD 1.19 billion in 2028 and register a consistent CAGR. Increased health awareness campaigns and programs by governments and NGOs, improved accuracy and speedy test results, and the rising need for more efficient tests and procedures in hospitals and healthcare facilities are some major market growth drivers.
A clinically developed technology called computer-assisted detection (CAD) is crucial for lowering false-negative results and detecting different sorts of cardiovascular ailments, malignancies, and neurological diseases. Radiologists and doctors frequently use the CAD system to review medical images. These devices help reduce human mistakes and death rates by spotting diseases early. The sensitivity of diagnostic imaging equipment, which is essential for differential diagnosis and medical investigations, is increased thanks to CAD as well. The prevalence of various cancers is increasing, particularly breast and lung cancer, and there is a greater need for early diagnosis and treatment of these diseases, which is driving up demand for CAD systems.
Diagnostic imaging technology developments have raised the demand for improved CAD solutions, which is likely to further fuel revenue growth. Additionally, rising health insurance uptake, expanding medical tourism, and increased investments by market players in the creation and introduction of new CAD systems are other aspects that are further fostering the growth of the global market.
key findings in the report
- A US manufacturer of electron sources, Applied Physics Technologies, Inc., was fully acquired by Hitachi High Technologies Corporation in January 2019. Electron sources are created, produced, and sold by Applied Physics Technologies for use in electron microscopes and other instruments. In 2019, Europe held a sizably sizable share of the global market for computer-aided diagnostics. Positive healthcare coverage and rising AI usage are a couple of the main drivers of industry expansion.
- Currently, a sizable portion of the European market is made up of the United Kingdom, Germany, France, Italy, Spain, and Russia, and this trend is anticipated to last into the future.
- FUJIFILM Medical Systems, McKesson Corporation, iCAD Inc., GE Healthcare, Hitachi High Technologies Corporation, EDDA Technology Inc., Philips Healthcare, Median Technologies, Hologic Inc., and Merge Healthcare Inc. are significant participants in the global computer-assisted diagnostics (CADx) industry.
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
U.S.
Canada
Europe
Russia
U.K
Germany
France
BENELUX
Asia Pacific
China
Japan
India
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of MEA