Computer Aided Detection Market

Computer Aided Detection Market Outlook (2023 to 2033)

The global computer aided detection market is forecasted to surge ahead at a CAGR of 10% from 2023 to 2033. The market is valued at US$ 1.5 billion in 2023 and is thus anticipated to reach US$ 3.9 billion by 2033-end.

Computer-assisted mammograms improve the quality of breast cancer diagnostics because they can be enhanced, zoomed, or otherwise altered for better analysis. The goal of computer aided detection is to decrease false-negative results and observational errors. It aids in the diagnosis and early detection of cancer, neurological conditions, and cardiovascular issues using imaging modalities.

Computer aided assistance in medical sciences has existed for a long time. Over the last two decades, doctors, researchers, and practitioners have been using medical imaging devices that are integrated with computer aided detection or computer aided diagnosis.

Computer aided detection is used to increase the sensitivity of diagnostic imaging in case of medical investigation and differential diagnostics. Computer aided detections enable the timely detection of debilitating diseases such as cancer. This has motivated patients to opt for random tests and checkups. On the back of these trends, the global computer aided detection market is anticipated to register imminent growth opportunities over the coming years.

The performance and efficiency of computer-aided detection systems have also been improved by advanced digital imaging techniques, opening up the lucrative potential for market participants during the projection period. Market growth rate will also be facilitated by expenditures in research and development of 3D imaging. Market expansion is expected to boost by increased disposable income and healthcare spending in emerging economies throughout the forecast period.

Market growth is further aided by rising awareness, rising investments, population growth, changing lifestyles, rising adoption of inorganic growth tactics, and government support for healthcare infrastructure. Medical tourism and the gradually rising need for health insurance are two additional important aspects anticipated to support market expansion.

The availability of health insurance plans is contributing to the expansion of the computer aided detection market. The availability of health insurance policies is crucial since it allows for the greatest medical care to be obtained without financial pressure.

Health insurance policies protect against the high medical expenditures associated with computer-aided detection and pay for things such as hospitalization bills, daycare procedures, and other fees. Health insurance plans allow you to concentrate on your quick recovery rather than fretting about the expensive charges of computer aided detection.

Report Attributes	Details
Computer Aided Detection Market Size (2023)	US$ 1.5 Billion
Projected Market Value (2033)	US$ 3.9 Billion
Global Market Growth Rate (2023 to 2033)	10% CAGR
Market Share of Mammography	50%
Key Companies Profiled	Hologic Inc.; GE Healthcare; EDDA Technology, Inc.; Riverain Technologies; Invio Corporation; Median Technologies; Esaote; Siemens Healthineers

Why are Computer Aided Detection Systems High in Demand?

“Increasing Need for Error-free Detection of Chronic Diseases in Their Early Stages”

The global computer aided detection market is expanding due to the rising prevalence of various chronic diseases such as stroke, various malignancies, cardiovascular disorders, and neurological dysfunctions. Additionally, the enhanced government initiatives to promote cancer awareness and treatment are anticipated to drive the global demand for computer aided detection systems.

Market expansion is expected to be fostered by several patients choosing diagnostic imaging methods. The market is anticipated to grow as a result of the growing usage of computer aided detection systems in clinical research activities, as well as growing awareness among healthcare professionals of their benefits, including their ability to accurately detect chronic diseases in their early stages and lower mortality rates from cancer, cardiovascular, and neurological diseases. Increasing awareness of successful cancer treatments among patients is driving market value.

Early cancer detection is made possible by computer aided detection tools, which aid in the treatment of many cancer patients. Additionally, a major driver propelling the expansion of the market for computer aided detection is the increase in computer-aided tests being performed globally as a result of many patients seeking routine checkups.

Rapid innovations in the healthcare industry are fueling market expansion. Artificial intelligence (AI) development and increased sensitivity are two recent advancements that are expected to support market growth. Medical imaging equipment combined with computer aided detection is used by medical researchers and doctors. The demand for computational support is growing as a result of the need for error-free detection.

Physicians may more quickly identify abnormal tissue, serving as the first line of defense in the fight against cancer with the help of computer aided detection (CAD) technology. Thanks to advances in computer technology, CAD, which has been around for almost ten years, has emerged as an important cancer detection tool.

Computer aided detection system providers have expanded the technology's applicability to the chest, lungs, and colon. Computer aided detection can completely transform breast imaging technologies, displacing current visualization methods. Computer aided detection will be used to support more of the diagnostic interpretation process.

What Can Restrict Global Adoption of Computer Aided Detection Tools?

“High Cost of Computer Aided Detection Systems and Lack of Skilled Professionals”

Development of the market for computer aided detection is also expected to be hampered by a lack of trained professionals to operate computer aided detection systems. A potential risk of failure in identifying abnormalities, unfavorable reimbursement policies, and low awareness in rural areas are expected to obstruct market growth.

High costs associated with computer aided detection tools are projected to challenge market expansion over the coming years, according to pricing trends. People typically choose conventional techniques of diagnosis because the majority of medical insurance companies do not provide coverage for operations using computer-aided detection.

How Can Emerging Market Players Increase their Revenue Share?

“New Companies Focused on R&D to Introduce Novel Early Cancer Detection Systems’”

New entrants are focusing on R&D to offer novel early cancer detection systems using AI and the most advanced medical imaging technology. Start-ups are enhancing product standards and concentrating on the local supply of computer aided detection devices to make a mark in this industry.

• VoxelCloud, a start-up based in the United States, offers automated medical image analysis services and diagnosis support based on cloud computing and artificial intelligence technologies to healthcare practices and practitioners. VoxelCloud creates computer-aided detection systems for identifying and diagnosing a range of illnesses, from the eye and cardiovascular conditions to lung and cardiovascular conditions. Through deep learning and related AI techniques, VoxelCloud's unique algorithms provide precise, easily accessible, and customized medical image analysis. Lung cancer, retinal conditions, and coronary heart disease are all covered by the company's product offerings.

Which Region Should Computer Aided Detection System Providers Invest In?

“New Developments in Advanced Breast Cancer Imaging in North America”

North America accounts for 40% share of the global market owing to increasing incidences of breast cancer.

New developments in advanced breast cancer imaging techniques and an increase in awareness about early breast cancer screening are also anticipated to drive the North American market forward. The market for computer aided detection is expanding in North America due to the availability of advanced diagnostic equipment in most hospitals and a well-established healthcare system.

Country-wise Insights

Why is the United States a Major Market for Computer Aided Detection?

“Increase in Computer-aided Cancer Detection Centers”

• According to the American Cancer Society, 1.9 million new cases of cancer were diagnosed in the United States in 2022, and more than 600,000 of those individuals passed away.

The high rate of cancer-related mortality is an important reason driving the demand for computer-aided cancer detection and diagnosis.

A rise in businesses producing computer aided detection devices, the growing healthcare expenditure, and the increased adoption of CAD for cancer diagnosis are anticipated to fuel market expansion over the coming years. An increase in computer-aided cancer detection centers and the installation of innovative computer-aided digital devices are driving market growth in the country.

What is the Demand Outlook for Computer Aided Detection Systems in Japan?

“Government Initiatives to Raise Cancer Awareness”

Japan is anticipated to be the most attractive market for computer aided detection technologies. A large patient pool, owing to a huge population base and subsequent incidences of diseases shall propel market growth.

Moreover, affordable investment costs have motivated key manufacturers to increase their scale of operations, thus boosting the computer aided detection market. Government initiatives and campaigns to raise cancer awareness, the surging need for routine checkups, and rising investments in R&D activities are driving market growth.

Which European Country is Likely to Be a Prominent Marketplace?

“Availability of Efficient Computer-aided Diagnostic Facilities in Germany”

Major factors influencing market revenue growth in Germany include the availability of efficient computer-aided diagnostic facilities and an increase in medical tourism. The availability of modern computer aided detection tools at a very reasonable cost is another reason for boosting market value in the country.

Category-wise Insights

Why is Demand for Mammography Gaining Ground?

“Growing Prevalence of Breast Cancer Driving Demand for Mammography”

By imaging modality, the market is segmented into mammography, MRI, CT, tomosynthesis, and others. Mammography accounts for 50% share of the global market owing to rising incidences of breast cancer among women. Mammography is majorly performed for two purposes, including diagnostic and simple screening for genetic traits of breast cancer.

The emergence of advanced mammography systems with advanced features, rapid adoption of computer aided diagnosis systems in multispecialty hospitals, and growing awareness of early diagnosis and treatment of breast cancer are the major factors driving demand for mammography procedures. Additionally, when compared to standard film mammograms, computer-assisted digital mammograms considerably reduce the amount of radiation that cancer patients are exposed to, protecting them from potentially toxic radiation side effects.

Which Application Accounts for High Revenue Generation?

“Increasing Awareness about Early Breast Cancer Detection Driving Demand for Computer Aided Detection Systems in Oncology”

Based on the application, the market is divided into oncology, cardiovascular & neurological indications, and others. The adoption of computer aided detection systems in oncology is increasing due to rising cancer prevalence, increased public knowledge of different cancer types, the significance of early-stage cancer detection, and the introduction of technologically advanced hardware and software.

The rise in regular medical checkups and government & non-government programs to raise awareness of cancer prevention are boosting the demand for computer aided detection systems in oncology. The identification of breast cancer via mammography is improved with the use of computer aided detection in oncology. Computer aided detection is a helpful tool for the enhanced detection of breast cancer regardless of the size of the tumour and is used as a cue for the radiologist to identify potential areas of abnormality on the mammogram.

Competitive Landscape

Leading companies are focusing on quality control & supply chain management and launching highly effective computer aided detection systems following safety regulations to lower the environmental impact. The market is likely to be driven by government initiatives to broaden the applications of CAD with other modalities and key player tactics to introduce novel computer aided detection tools.

For instance :

• GE Healthcare provides diagnostic imaging solutions, healthcare IT solutions, radiography, and fluoroscopy. Its mammography systems include SenoClaire, SenoBright CESM, and Pristina Serena 3D devices.
• In 2019, Paragon Biosciences LLC founded Qlarity Imaging LLC to create QuantX, a computer-aided detection system for breast cancer.

Key Segments of Computer Aided Detection Industry Research

• By Imaging Modality :

  • Mammography
  • MRI
  • CT
  • Tomosynthesis
  • Others

• By Application :

  • Oncology
    • Breast Cancer
    • Lung Cancer
    • Colorectal Cancer
    • Prostate Cancer
    • Liver Cancer
    • Bone Cancer
  • Cardiovascular & Neurological Indications
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa