Computer Aided Diagnostics (CADx) Market Estimated to Grow at a CAGR of 13.3% from 2022 to 2030, Contrive Datum Insights

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Farmington, Jan. 24, 2023 (GLOBE NEWSWIRE) — The global Computer Aided Diagnostics (CADx) Market size was valued at USD 5.62 Billion in 2022. It is expected to expand at a compound annual growth rate (CAGR) of 13.3% from 2022 to 2030. Computer Aided Diagnosis (CADx) is the use of computer-generated imaging software to help doctors care for their patients. Radiologists have been using this technology a lot more in recent years. Researchers have found that computer-aided diagnostics are getting better and better at finding breast cancer. Artificial intelligence is being used more and more in the health care field, which has made diagnosis easier, more convenient, and more accurate. Computer-aided diagnostics (CADx) is most often used to find breast cancer, but it can be used to find other types of cancer as well. Mammography is a way to look at pictures to find breast cancer.

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Computer Aided Diagnostics (CADx) Market Recent Developments:

  • In January 2019, Hitachi High-Technology Corporation acquired all shares of Applied Physics Technologies, Inc., a U.S. manufacturer of electron sources. Applied Physics Technologies develops, manufactures and sells electron sources for electron microscopes and other instruments.
  • In September 2019, FUJIFILM Medical Systems acquired a stake in Yokogawa Medical Solutions Corporation, a provider of IT systems for radiology departments. FUJIFILM provides a variety of medical information technology systems and products worldwide, including picture-archiving communication systems.

Computer Aided Diagnostics (CADx) Market Segmentation Analysis:

The global computer-aided diagnostics (CADx) market is divided into mammography, X-ray, ultrasound, MRI, CT scan, and other markets. In 2020, 24.6% of the revenue from the global market came from the mammography segment. The way images are made is often used to describe different imaging modalities. Some types of imaging modalities are X-rays, MRI (magnetic resonance imaging), mammograms, and CT scans. Breast cancer can be found early with the help of mammography.
Type of Application, The global computer-aided diagnostics (CADx) market is divided into breast cancer, lung cancer, liver cancer, oncology, and others. Over the next few years, the CAGR for the breast cancer segment is expected to stay steady. Breast cancer is one of the most common types of cancer, and it is usually found in women over the age of 50. Research and scientific evidence show that breast cancer patients are less likely to die if they are diagnosed and treated early.
The global computer-aided diagnostics (CADx) market is divided into hospitals, clinics, diagnostic centres, and others. During the forecast period, the segment of diagnostic centres is expected to bring in more money at a CAGR of 7.9%. The rapid growth of diagnostic centres around the world is a key factor in the growth of the market. Diagnostic centres have a lot of machines and tools that are used to take pictures, like X-rays, CT scans, and others. Also, the diagnostics centres segment and the hospitals segment are expected to bring in a lot of money during the period covered by the forecast.

Regional Outlook:

In terms of revenue, Asia Pacific is expected to have a CAGR of 8.6% over the next few years. During the forecast period, the Asia-Pacific market is expected to grow at a faster rate than any other regional market. Some of the main things that are expected to help the market grow are technological advances in the healthcare field and diagnostic centres that are well-equipped. During the forecast period, China, India, Japan, Australia, and Korea are expected to continue to bring in a lot of money.
Europe has a big share of the market for computer-aided diagnostics around the world. Some of the main things driving market growth are the growing use of artificial intelligence and the good health care coverage and benefits in countries in the region. On the European market, the UK, Germany, France, Italy, Spain, and Russia all bring in a lot of money.

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Scope of Report:

Report Attributes Details
Growth Rate 13.3% from 2023 to 2030
Market Size in 2022 USD 5.62 Billion
By Type Mammography, Magnetic Resonance Imaging (MRI), Ultrasound, Tomosynthesis, Computed Tomography (CT)
By Applications Type Breast Cancer, Lung Cancer, Liver Cancer, Oncology, Others
By Application Hospitals, Clinics, Diagnostic Centers, Others
By Companies Cadens Medical Imaging, EDDA Technology, Inc., Fujifilm, GE Healthcare, Hologic Inc., iCAD Inc., Invivo Corporation, Koninklijke Philips N.V., Median Technologies, Merge Healthcare Inc., Neusoft Corporation, Parascript LLC, Riverain Technologies, Samsung Medison Co. Ltd., Siemens Healthineers, Agfa Healthcare, and others
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Computer Aided Diagnostics (CADx) Market Growth:

More and more people in developing countries are getting cancer. More people are learning about early diagnosis, and governments worldwide are putting more money into it. Chronic diseases are more likely to affect the world’s growing number of older people. Increase the number of applications that use computer-aided diagnostics. Technology-advanced products that are easier to use and offer a better experience for the patient.

Computer Aided Diagnostics (CADx) Market Key Segments Covered:

Top Market Players:
Cadens Medical Imaging, EDDA Technology, Inc., Fujifilm, GE Healthcare, Hologic Inc., iCAD Inc., Invivo Corporation, Koninklijke Philips N.V., Median Technologies, Merge Healthcare Inc., Neusoft Corporation, Parascript LLC, Riverain Technologies, Samsung Medison Co. Ltd., Siemens Healthineers, Agfa Healthcare, and others.

On the Basis of Type:

  • Mammography
  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • Tomosynthesis
  • Computed Tomography (CT)

On the Basis of Application Type 

  • Breast Cancer
  • Lung Cancer
  • Liver Cancer
  • Oncology
  • Others

On the Basis of Application:

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Others

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

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