Software as a Medical Device: Global Market Outlook

Jan 2023| MDS080A| BCC Publishing
Sample Report

Report Highlights

This report provides a comprehensive analysis of the global market for software as a medical device. It presents the current and historical market revenue data estimation based on the product type, and by region. The report examines new and emerging trends and their impact on current and future market dynamics.

Report Includes

  • A brief general outlook of the global market for software as a medical device (SaMD)
  • Analyses of the global market trends, with historic revenue data for 2019-2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Understanding of the upcoming market opportunities for SaMD products market and digital health solutions, and areas of focus to forecast the market into various segments and sub-segments
  • Estimation of the actual market size and revenue forecast for software as a medical device market, and corresponding market share analysis by product type and region
  • Review of the impact of COVID-19 pandemic on the medical devices market
  • Market share analysis of leading medical device manufacturers, their research priorities, technology advancements, and market development strategies
  • Company profiles of the leading industry players, including Abbott Laboratories, Arterys, DexCom Inc. and Hyperfine Inc. 

Report Scope

In this report, the market has been segmented based on product type and geography. The report provides an overview of the software as a medical device market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on product type and geography. Market values have been estimated based on the total revenue of SaMD manufacturers and key vendors.

The report covers the market for software as a medical device across different regions and countries. It also highlights major trends, opportunities, restraints that affect the market of SaMD. The report estimates the global market for SaMD in 2021 and provides projections for the expected market size through 2027.

The scope of the study includes software as a medical devices and operating platforms such as desktops/laptops, smartphones/tablets, and wearable devices.

Frequently Asked Questions (FAQs)

The software as medical devices market is projected to grow from $ 4.4 billion in 2021 to $8.2 billion in 2027, at a compound annual growth rate (CAGR) of 11.0% during the forecast period.
The key factors driving the growth of software as a medical device market includes increasing patient demand and adoption for saMD in diagnosis of diseases, treatment, patients monitoring and addition of machine learning/artificial intelligence in saMD products and pandemic situation are being a catalyst to boost the growth of this market.
The software as a medical device market is segmented based on product type and region.
SaMD-Desktop/Laptop segment will dominate the market by the end of 2027.
Key companies in the market includes Siemens Healthineers, Dexcom Inc, Abbott, GE Healthcare, Medtronic, Fujifilm, iCAD etc.

Analyst Credentials

BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $4.4 billion
Market size forecast $8.2 billion
Growth rate CAGR of 11.0% from 2022 to 2027
Units considered $ Millions
Segments covered Product Type, Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers
  • Increasing AI-assisted image aid diagnosis of diseases
  • Increasing investments in MedTech companies to develop SaMD
Companies studied
ABBOTT LABORATORIES
ARTERYS
DEXCOM INC.
FUJIFILM HOLDINGS CORP.
GENERAL ELECTRIC CO.
HYPERFINE, INC.
ICAD INC.
KONINKLIJKE PHILIPS N.V.
MEDTRONIC PLC
MITAC INTERNATIONAL CORP.
OMEGA MEDICAL IMAGING LLC
SIEMENS HEALTHINEERS

Table of Contents & Pricing

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Title/Chapter NamePagesPrice Member Price
Full Report: Software as a Medical Device: Global Market Outlook59 $3,500 Free
Software as a Medical Device: Global Market Outlook

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