Global Software as a Medical Device Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Software as a Medical Device (SaMD) market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Software as a Medical Device Market Analysis, 2020”, the Global Software as a Medical Device market is anticipated to grow at a considerable CAGR during 2020-25F. Software as a Medical Device (SaMD) is a new opportunity area for healthcare sector to assist in diagnosis, screening, monitoring, and prediction of a disease which enable the professional to take preventive measures at the right time. Moreover, the extensive technological advancement in the medical devices such as wireless connectivity, artificial intelligence (AI) and machine learning (ML) to assist healthcare providers and improve patient care along with rising number of healthcare technology-based startups in the emerging countries such as India is strongly contributing toward the market growth of SaMD in the forecast period.
Cloud-Based Captured the Highest Market Share
Based on deployment, cloud-based deployment solutions acquired the largest share in the SaMD market in 2019 as these solutions support predictive maintenance which helps hospitals, clinics, and other healthcare organizations to have maintenance services of medical devices. Moreover, the launch of new cloud solutions for medical devices and pharmaceutical firms along increasing deployment of cloud solutions to ensure security in the hospitals are projected to further augment the demand for cloud-based solutions for Software as a Medical Device market in the forthcoming period.
