Software as a Medical Device Market PPT
                     Software as a Medical Device Market
 
Software as a Medical Device Market 
Forecast to 2027 - Covid-19 Impact and 
Global Analysis by Device Type 
(PCs/Laptop, Smartphones/Tablets, 
Wearable Devices), Application (Screening 
and Diagnosis, Monitoring and Alerting, 
Disease Management), Deployment Type 
(Cloud, On-Premise), and Geography
Software as a Medical Device Market
 
Current and future Market Scenario
 According to The Insight Partners market research study titled Software as a Medical Device Market
      to 2027 - Global Analysis and Forecasts by Type, and End-Users, The software as a medical device market is expected to 
reach USD 86,451.62 million by 2027 from US$ 18,488.00 Mn in 2019; it is estimated to grow at a CAGR of 21.9% during 
2020–2027..
 In 2019, the PCs/laptops segment accounted for the largest market share of the global software as a medical device 
market, by device type.
On the other hand, the growing adoption of smartphones and the interest of software developers toward building 
smartphone-compatible healthcare apps acting as a medical device are expected to lead the smartphones/tablets 
segments toward the highest CAGR during the forecast period.
 The software as medical device market, by deployment type, is segmented into cloud and on-premises. The cloud 
segment held a larger share of the market in 2019, and is anticipated to register a greater CAGR during the forecast 
period.
Key Findings
 The SaMD has particularly witnessed a fast growth within the recent years, as there is no hardware involved and the 
applications have very few constraints for using fast feedback loops for improvement. These solutions are also being 
piloted constantly to better enable innovation and ensure patient safety as well improve clinical significance at the 
same time.
 There are various advantages associated with the use of these solutions. For instance, software as medical device helps 
to amplify the effectiveness of medical devices and existing treatment plans thereby offering fast and high-quality data 
collection leading to better health outcomes
Market Insights
Advantages of Software as a Medical Device
The number of technological innovations in the healthcare information technology has dramatically increased over the 
past few years. Wireless connectivity, artificial intelligence and cloud computing and artificial intelligence are some of the 
prominent advancements that have helped to transform healthcare.. 
Software as a Medical Device Market
 
 
Market Segments
By Deployment Type  Device Type (Slow 
By Application (Screening 
(cloud and on-premises) PCs/Laptops, 
and Diagnostics
Smartphone/Tablets, 
Monitoring and alerting
Wearable Devices
Disease management)
Software as a Medical Device Market
Dominating Segments
 
 Software as a medical device is defined as a software solution used for one or more medical purposes 
without the software actually being a part of any medical hardware. These solutions can be used across a 
  large range of technology platforms, including medical device, commercial "off-the-shelf" platforms, virtual 
networks, and others.
 The unique features of these devices that help them act more than a traditional medical device helps to 
promote innovation in digital healthcare and protect patient safety. The growth of the market is attributed to 
the increasing adoption of Internet of Things (IoT) and connected devices in healthcare sector, and 
advantages of software as a medical device, among others.
 The software as medical device market, by deployment type, is segmented into cloud and on-premises. The 
cloud segment held a larger share of the market in 2019, and is anticipated to register a greater CAGR during 
the forecast period.
Dominating Segments
Product Insights
Type Insights
 The software as medical device market, by application, is segmented into screening and diagnosis, monitoring and 
alerting, and disease management. The screening and diagnostics segment held the largest share of the market in 
2019, whereas the monitoring and alerting segment is anticipated to register the highest CAGR during the forecast 
period.
 Partnership is the most commonly adopted strategy by the software as medical devices market companies to 
expand their footprint worldwide and meet the growing demand. This strategy also helps them broaden their 
product portfolios.
 Download PDF Brochure https://www.theinsightpartners.com/reports/software-as-a-medical-device-market/?
source=Others-10381   
Dominating Segments
The report segments the global Software as a Medical Device Market as follows:
Global Software as a Medical Device Market - By Device Type
PCs/Laptop
Smartphones/Tablets
Wearable Devices
Global Software as a Medical Device Market  - By Application
Screening and Diagnostics
Monitoring and alerting
Disease management
Dominating Segments
Global Coronary Stents Market - Deployment Type
Cloud
On-Premise
Hemophilia Treatment Market  
Leading Players
Company Profiles in Software as a Medical Device Market are:
Velentium LLC
Tietronix Software, Inc.
S3 Connected Health
Zühlke Group
Science Group
Inzentiz
Cambridge Consultants Inc
BrightInsight, Inc.
CompliancePath
Jabil Inc.
Phillips-Medisize
Pro4People Sp. Z.o.o
  REGIONAL FRAMEWORK
REGIONAL FRAMEWORK
  Software as a Medical Device Market
 
 
Software as a Medical Device Market 
          
Access Full Research Report at: 
https://www.theinsightpartners.com/reports/software-as-a-medical-device-market/?source=Others-10381 
 
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