Computer Aided Diagnostics (CAD) Market Trends – Rapidly Advancing Healthcare Infrastructure Worldwide and Growing Need for Next-Generation Diagnostic Solutions

Increasing government initiatives to raise awareness of early diagnosis and treatment of cancer and rising investments in research & development activities in the field of oncology are some major factors driving the global market revenue growth

According to Emergen Research, the global computer aided diagnostics (CAD) market size was USD 685.62 million in 2020 and is expected to reach USD 1.19 billion in 2028 and register a revenue CAGR of 7.0% during the forecast period, 2021-2028.  

Market Dynamics:

Key factors providing impetus to the global computer aided diagnostics (CAD) market revenue growth are rapidly growing geriatric population, rising prevalence of chronic diseases including cancer, cardiovascular disorders, and neurological diseases across the globe, and increasing government initiatives to raise awareness of early disease diagnosis and treatment. In addition, increasing research & development activities in the field of oncology and rising government and private investments to accelerate cancer research are some other factors expected to contribute to market revenue growth going ahead.

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Continuous advances in diagnostic and imaging technologies, rising demand for next-generation cancer diagnostic solutions, and rapid incorporation of CAD (computer-aided design) and AI technologies in medical diagnostics are other major factors contributing to the global computer aided diagnostics (CAD) market revenue growth over the forecast period.

Computer-aided diagnosis (CAD) or computer-aided detection systems are designed to interpret medical images and assist healthcare professionals with accurate disease diagnosis and treatment. These systems process the medical images and highlight the conspicuous sections, helping reduce chances of false-negative reports. Over recent years, CAD technology has been incorporated in various diagnostic modalities including CT scan, MRI, and ultrasound. Market revenue growth, however, can be restrained to some extent due to several unfavorable factors. Increasing costs of CAD systems, lack of trained radiologists and healthcare professionals, and unfavorable healthcare reimbursement schemes are some factors expected to hamper market revenue growth over the forecast period. 

COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

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Mammography Segment Accounted for Largest Revenue Share in 2020:

The mammography segment dominated other segments in terms of revenue share in the global market in 2020. Major factors supporting revenue growth of this segment are rising prevalence of breast cancer worldwide, growing awareness of early diagnosis and treatment of breast cancer, introduction of advanced mammography systems with state-of-the-art features, and rapid adoption of computer aided diagnosis systems in multispecialty hospitals.

Hospitals Segment to Account for Fastest Revenue CAGR:

The hospitals segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Revenue growth of this segment is majorly attributed to factors such as rising prevalence of chronic diseases such as cardiovascular diseases, neurological disorders, and cancer, growing rate of hospital admissions, increasing volumes of medical diagnostic procedures, and incorporation of CAD technology in diagnostic devices.  

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America computer aided diagnostics (CAD) market accounted for the largest revenue share in the global market in 2020. Growing geriatric population, rising burden of cancer and other chronic diseases, increasing availability of advanced cancer diagnostic devices & solutions, rising government initiatives to raise awareness of early disease detection, increasing new product approvals, and presence of highly advanced healthcare infrastructure and leading market players in the region, including GE Healthcare and McKesson Corporation, are key factors driving the regional market revenue growth.

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Major Companies in the Global Computer Aided Diagnostics (CAD) Market Include:

  • Toshiba Medical Systems Corporation
  • Agfa-Gevaert N.V.
  • iCAD, Inc.
  • GE Healthcare
  • Hitachi High Technologies Corporation
  • EDDA Technology, Inc.
  • Philips Healthcare
  • FUJIFILM Medical Systems
  • Hologic Inc.
  • Vucomp
  • McKesson Corporation
  • Siemens Healthcare

For the purpose of this report, Emergen Research has segmented the global computer aided diagnostics (CAD) market on the basis of application, imaging modality, end-use, and region:

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Breast Cancer
  • Lung Cancer
  • Liver Cancer
  • Others

Imaging Modality 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

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Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

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