The global computer aided diagnostics (CADx) market is projected to reach a market size of USD 1.19 Billion in 2028 and register a steady CAGR, according to latest analysis by Emergen Research. Some key factors driving market growth are increasing health awareness initiatives and programs by governments and NGOs, increased accuracy and quick testing results, and rising demand for more effective tests and procedures in hospitals and healthcare centers.
A mammogram is the primary testing step in detection of potential breast cancer or disease. Mammography is a screening tool used for detection and diagnosing breast cancer. A digital mammography transforms the X-ray into an electronic image of the breast that saves onto a computer, and images are immediately visible. The mammography segment is expected to account for substantially high revenue share, followed by X-ray and MRI (magnetic resonance imaging) segments during the forecast period.
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The report offers a complete analysis of the global Computer Aided Diagnostics (CADx) Market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
Key players include FUJIFILM Medical Systems, McKesson Corporation, iCAD Inc., GE Healthcare, Hitachi High Technologies Corporation, EDDA Technology Inc., Philips Healthcare, Meduan Technologies, Hologic Inc., and Merge Healthcare Inc.
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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
Key Highlights from the Report
In January 2019, Hitachi High Technologies Corporation acquired all shares of Applied Physics Technologies, Inc., which is a U.S. manufacturer of Electron sources. Applied Physics Technologies develops, manufactures, and sells electron sources for usage in electron microscopes and other instruments.
Europe accounted for a significantly robust share in the global computer aided diagnostics market in 2019. Increasing use of Artificial Intelligence, and favorable healthcare coverage are some key factors boosting market growth.
The United Kingdom, Germany, France, Italy, Spain, and Russia account for significantly high share in the market in Europe currently, and the trend is expected to continue into the future.
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Objectives of the Report:
Study of the global Computer Aided Diagnostics (CADx) market size by key regions, types, and applications with reference to historical data (2018-2019) and forecast (2021-2028)
Industrial structure analysis of the Computer Aided Diagnostics (CADx) market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Computer Aided Diagnostics (CADx) market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Computer Aided Diagnostics (CADx) market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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