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 further sheds light on the competitive landscape of the Computer Aided Diagnostics (CADx) Market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
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)
Imaging Modalities Outlook (Revenue: USD Billion; 2018–2028)
End-use Outlook (Revenue: USD Billion; 2018–2028)
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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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:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & 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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