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.
Hospital Segment Registered the Fastest Growth
Based on end user, hospital segment is projected to gain leverage in the Global Software as a Medical Device market in 2020 on an account of growing adoption of medical devices to assist medical health experts and professionals with diagnoses and tracking patient characteristics. Moreover, the widespread applications of medical devices such as PCs/laptop, smartphones/tablets, etc., by the professional to continuously monitor, diagnose treatment for any disease are also accentuating the demand of SaMD in the coming years.
However, various healthcare clinics are also inclining toward the deployment of SaMD to treat, diagnose or identify early signs of a disease in the patients. Thus, this is expected to strongly contribute toward the market growth of Software as a Medical Device market in the near future as stated in the MarkNtel Advisors’ research report “Global Software as a Medical Device Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Software as a Medical Device market include Tietronix Software, Velentium LLC, S3 Connected Health, Inzentiz, BrightInsight, Jabil, Siemens, Zühlke Group, Pro4People Sp. Z.o.o, Phillips-Medisize, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Software as a Medical Device Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Software as a Medical Device Market during 2020-25?
A. The growth rate of Global Software as a Medical Device Market during 2020-25 is forecast to grow at an astronomical rate.
Q. Who are the key competitors or players operating in Global Software as a Medical Device Market?
A. Tietronix Software, Velentium LLC, S3 Connected Health, Inzentiz, BrightInsight, Jabil, Siemens, Zühlke Group, Pro4People Sp. Z.o.o, Phillips-Medisize etc., are few of the leading players in the Global Software as a Medical Device Market.
Q. Which deployment segment would emerge as an opportunity area for players in Global Software as a Medical Device Market?
A. Cloud-based deployment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Software as a Medical Device Market?
A. The North America grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Software as a Medical Device Market.
