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I AgreeAnalysis of Computer Aided Detection Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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 |
|
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“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.
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“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.
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“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.
“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.
“Increase in Computer-aided Cancer Detection Centers”
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.
“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.
“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.
“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.
“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.
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.
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Adoption of computer aided detection systems is estimated to increase at a CAGR of 10% through 2033.
Sales of computer aided detection devices are expected to reach a market valuation of US$ 3.9 billion by 2033.
Rapidly growing geriatric population and rising prevalence of chronic diseases are driving market growth.
North America accounts for around 40% share of the global computer aided detection market.
Hologic Inc., GE Healthcare, and EDDA Technology, Inc. are key computer aided detection tool providers.