Software as a Medical Device Market Will Hit at a Volume CAGR 21.9% From 2027 - Apple, Arterys, MaxQ AI, Qlarity Imaging and Viz.AI

Software as a Medical Device Market is expected to reach USD 86,451.62 million by 2027 from US$ 18,488.00 million in 2019; it is estimated to grow at a CAGR of 21.9% from 2020 to 2027. The report provides trends prevailing in the global software as a medical device market along with the factors driving or restraining market.

The growth of the market is mainly attributed to the factors such as increasing adoption of Internet of Things (IoT) and connected devices in healthcare sector, and advantages of software as a medical device (SaMD). However, threat of data breach is obstructing the growth of the market to a certain extent.

Worldwide Software as a Medical Device Market Analysis to 2027 is a specialized and in-depth study of the Software as a Medical Device Industry with a focus on the global market trend. The report aims to provide an overview of global Software as a Medical Device Market with detailed market segmentation by product/application and geography. The global Software as a Medical Device Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Software as a Medical Device players and offers key trends and opportunities in the market.

Get PDF Sample Copy of this Report @ https://bit.ly/2VMntb5

Top Leading Market Players:

1. Velentium LLC
2. Tietronix Software, Inc.
3. S3 Connected Health
4. Zühlke Group
5. Science Group
6. Inzentiz
7. Cambridge Consultants Inc
8. BrightInsight, Inc.
9. CompliancePath
10. Jabil Inc.
11. Phillips-Medisize
12. Pro4People Sp. Z.o.o

The software as a 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. The early detection of diseases is vital and various people struggle to access basic and simple tests that can be helpful to trace the symptoms and signs of a disease.

Various software companies these days are focused on developing applications that are compatible with smartphones and computers, and are able to convert these devices into disease diagnostic systems. For instance, in February 2020, the researchers at the University of Cincinnati developed a lab chip that can be plugged into smartphones and has ability to detect various infectious diseases such as malaria, Lyme, HIV, and coronavirus. Significant progress in the display, sensor, and battery technologies together have paved the way for modern mobile devices such as smartphones, tablets, and laptops enabling seamless Internet connectivity, and operations that helps in efficient monitoring of health and fitness.

The advancements in software technologies for the diagnosis of various diseases are expected to drive the growth of the market in the coming years.

Major Factors:

Global Software as a Medical Device Market Overview
Economic Impact on Market
Market Competition
Global Software as a Medical Device Market Analysis by Application
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Global Software as a Medical Device Market Effect, Factors, Analysis
Global Software as a Medical Device Market Forecast

The Software as a Medical Device Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 - 2027, considering 2018 as the base year and 2018 - 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions.

The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

The report analyzes the software as a medical device market segmented on the basis of the following segments:

Software as a Medical Device Market – By Device Type

PCs/Laptops
Smartphones/Tablets
Wearable Devices

Software as a Medical Device Market – By Application

Screening and Diagnosis
Monitoring and Alerting
Disease Management

Software as a Medical Device Market – By Deployment Type

Cloud
On-Premises

Purchase for Report @ https://bit.ly/2K8tJ7g

What our report offers:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

Contact Us:

The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.