Computer Aided Detection Market - Forecast(2021 - 2026)

Report Code: HCR 0678 Report Format: PDF + Excel (Delivery in 48 Hrs)

Computer Aided Detection Market Overview

The Computer Aided Detection Market size is forecast to reach $2.6 billion by 2026, growing at a CAGR of 8.7% during the forecast period 2021-2026. Computer Aided Detection is a set of algorithms that uses pattern recognition method and assist physicians with medical images. It is a diagnostic analysis technology that assists in reducing detection errors and is helpful in the diagnosis of several diseases such as cancer, cardiovascular diseases, and neurological diseases among others. Increasing cancer prevalence and raising awareness in the population for regular health checkups are the major factors driving the growth of the market. Rising preference for digital breast tomosynthesis and increasing demand of insurance policies is set to further enhance the overall market demand for the Computer Aided Detection Market for the period 2021-2026.

Computer Aided Detection Market Report Coverage

The report: “Computer Aided Detection Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Computer Aided Detection Market. 

By Imaging Modality: Mammography, Magnetic Resonance Imaging (MRI), Ultrasound Imaging, Tomosynthesis, CT, and Nuclear Imaging

By Application: Oncology, and Cardiovascular & Neurological Indication

By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia and Rest of Europe), Asia Pacific ((APAC (China, Japan India, South Korea, Australia & New Zealand and Rest of APAC)), South America (Brazil, Argentina and Rest of South America), and Rest of the World ((RoW) (Middle East and Africa))

Key Takeaways

  • North America dominated the Computer Aided Detection Market in 2020 owing to the increasing incidences of breast cancer and development of advanced breast cancer imaging techniques. The Computer Aided Detection Market scope for different regions will be provided in the final report.
  •  Increase in prevalence of chronic diseases and availability of health insurance policies are likely to aid in the market growth of the Computer Aided Detection Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Computer Aided Detection Market report.
  • High cost of computer aided detection system and inadequate reimbursement policies are poised to create hurdles for the Computer Aided Detection Market.

Computer Aided Detection Market Segment Analysis - By Imaging Modality

Tomosynthesis held the largest share in the Computer Aided Detection Market in 2020 and is estimated to grow at a CAGR 8.2% during the forecast period 2021-2026. The largest share is attributed to the fact that a digital breast tomosynthesis computer aided detection system allows the detection of a large percentage of breast cancer that is 895, 99 of 111 manifesting as masses and microcalcification clusters. The concurrent computer aided detection system uses digital breast tomosynthesis and a tomosynthesis review workstation to generate an enhanced synthetic image. Mammography, also known as mastography uses low energy X-rays to examine the human breast for diagnosis and screening with a goal of early detection of breast cancer through detection of microcalcifications. Magnetic resonance imaging is employed in radiology to take pictures of the anatomy and therefore the physiological processes of the body. It uses strong magnetic fields to generate images of the organs in the body. Magnetic Resonance Imaging is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

Computer Aided Detection Market Segment Analysis - By Application

Oncology held the largest share in the Computer Aided Detection Market in 2020 and is estimated to grow at a CAGR 8.0% during the forecast period 2021-2026. The largest share is attributed as computer aided detection can detect the smallest and the largest cancer.  It has an important impact on the reduction of the occurrence of missed cancers and on breast cancer prognosis. The use of computer-aided detection in oncology increases the mammography detection of breast cancer. Computer-aided detection is used as a prompt for the radiologist to identify potential areas of abnormality on the mammogram and it is a useful tool for the improved detection of breast cancer regardless of the size of cancer. Electroencephalography based computer-aided diagnosis improves the diagnostic accuracy and reduces the cost and results in the diagnosis support regardless of time and place. Cardiovascular and neurological indications are set to be the highest growing segment and are estimated to register the highest CAGR over the period 2021-2026.

Computer Aided Detection Market Segment Analysis - By Geography

North America dominated the Computer Aided Detection Market with the major share of 40.2% in 2020. This is owing to the increasing incidences of breast cancer and the development of advanced breast cancer imaging techniques. An increase in awareness about early breast cancer screening and promotional campaigns as the early detection of chronic diseases by various agencies is also increasing the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the huge population base and subsequent incidences of diseases.  Affordable investment cost motivated the key manufacturers to increase the scale of operation in this region.

Computer Aided Detection Market Revenue Share, By Geography, 2020(%)


Computer Aided Detection Market Drivers

Increase in Prevalence of Chronic Diseases

Increase in the prevalence of chronic diseases is increasing the growth of the Computer-Aided Detection Market. Increasing cancer treatment awareness, routine medical check-up and advanced digital imaging techniques have enhanced the effectiveness and efficiencies of computer aided detection solutions. Early detection of chronic diseases is possible owing to the easy integration with various imaging equipment and has applications in research and development activities. Computer aided detection is also boosted by medical tourism along with the gradual increase in demand for health insurance. Thus, increasing the growth of the Computer Aided Detection Market during the forecast period 2021-2026.

Availability of Health Insurance Policies

Availability of health insurance policies is accumulating the growth of the Computer Aided Detection Market. Availability of health insurance policies is important as it provides the best medical care without any strain of finance. It provides protection against the high medical costs of computer aided detection and covers hospitalization expenses, day care procedures, and expenses among others. Health insurance policies enables to focus on the speedy recovery instead of worrying about the high costs of computer aided detection. Thus, increasing the growth of the Computer Aided Detection Market during the forecast period 2021-2026.

Computer Aided Detection Market Challenges

High Cost of Computer Aided Detection System

Some of the factors that are set to impede the growth of the Computer Aided Detection Market are the high cost of computer aided detection system and inadequate reimbursement policies. Most medical insurance companies do not offer reimbursement for procedures using computer aided detection and so people tend to choose conventional methods for diagnosis. Lack of trained technicians is also set to hinder the growth of the Computer Aided Detection Market.

Computer Aided Detection Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Computer Aided Detection Market. In 2020, the Computer Aided Detection Market share is consolidated by the top ten players present in the market. Computer Aided Detection Market, top 10 companies are Hologic Inc., GE Healthcare, Invio Corporation, Paragon Bioscience LLC, Siemens Healthcare, Agfa, Samsung Medicon Co. Ltd., Hitachi Medical Corporation, IBM, and Mckesson Corporation among others.

Acquisitions/Product Launches

  • In July 2019, Paragon Biosciences LLC launched its portfolio company, Qlarity Imaging LLC to develop QuantX, a computer aided detection system for breast cancer.

Relevant Reports

Computer Aided Engineering Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 – 2024

Report Code: ITR 17264

Computer Aided Dispatch Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024

Report Code: ITR 54547


For more Lifesciences and Healthcare Market reports, please click here

1. Computer Aided Detection Market - Overview
    1.1 Definitions and Scope
2. Computer Aided Detection Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Imaging Modality
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Computer Aided Detection Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Computer Aided Detection Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Computer Aided Detection Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Computer Aided Detection Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Computer Aided Detection Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Computer Aided Detection Market – By Imaging Modality(Market Size –$Million/$Billion)
    8.1 Mammography
    8.2 Magnetic Resonance Imaging
    8.3 Ultrasound Imaging
    8.4 Tomosynthesis
    8.5 CT
    8.6 Nuclear Imaging
9. Computer Aided Detection Market – By Applications(Market Size –$Million/$Billion)
    9.1 Oncology
        9.1.1 Breast Cancer
        9.1.2 Lung Cancer
        9.1.3 Colorectal Cancer
        9.1.4 Prostate Cancer
        9.1.5 Liver Cancer
        9.1.6 Bone Cancer
        9.1.7 Others
    9.2 Cardiovascular & Neurological Indication
10. Computer Aided Detection Market - By Geography(Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 Germany
        10.2.2 United Kingdom(U.K.)
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Others
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Computer Aided Detection Market - Entropy
12. Computer Aided Detection Market – Industry/Segment Competition Landscape Premium 
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Computer Aided Detection Market – Key Company List by Country Premium Premium
14. Computer Aided Detection Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis