Software as a Medical Device: Global Market Outlook

Report Code: MDS080A

Publish Date: Jan 2023

Publisher: BCC Publishing

Category: Medical Devices And Surgical

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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.

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
ABBOTTARTERYS
DEXCOM INC.FUJIFILM HOLDINGS CORP.
GENERAL ELECTRICHYPERFINE INC.
ICAD INC.KONINKLIJKE PHILIPS N.V.
MEDTRONICMITAC HOLDINGS CORP.
OMEGA MEDICAL IMAGING LLC.SIEMENS HEALTHINEERS AG
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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 Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

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Title/Chapter NamePagesMember Price
Full Report: Software as a Medical Device: Global Market Outlook59Free

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Software as a Medical Device: Global Market Outlook
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