Global Software as A Medical Device Market to Register Remunerative Growth Through 2025

July 23, 2020

As per the research report titled ‘Global Software as a Medical Device Market Analysis, 2020’, available with Market Study Report LLC, global software as a medical device market is poised to register remunerative growth through 2025.

The research report bifurcates global software as a medical device market based on application terrain, software type, deployment, end-user spectrum, and regional landscape.         

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Based on application terrain, global software as a medical device market is bifurcated into screening and diagnosis, monitoring and alerting, disease management, digital therapeutics, and others.

On the basis of software type, the market is categorized into radiation therapy planning software, picture archiving and communications system (PACS) & image processing, software, infusion pump rate setting assistance software, software for data collection, and others. Among these, the software segment gained significant traction owing to the cost-effectiveness and easy to upgrade feature of softwares.

Speaking of the deployment type, the market is fragmented into cloud and on-premise, by device type the segments are desktop/ laptop, smartphones, wearables, and others. Among these, cloud-based segment was accountable for majority of the market fragment in the year 2019 and is poised to continue this display in the ensuing years due to increasing healthcare expenditures and growing demand to enhance productivity and the accuracy of results.

Moving on to the end-user spectrum, the hospitals segment accounted for notable market share in 2020 due to increasing applications of medical equipment like PC/laptops, smartphones/tablets, etc. which can assist a professional to monitor, diagnose, and treat any illnesses. Parallelly, clinics and specialty centers segment is slated to add significant momentum to the growth of global software as a medical device market in the subsequent years.

Considering the regional landscape, North America software as a medical device market is slated to witness decent growth owing to the presence of multiple leading manufacturers and suppliers in the region.

Major companies operating in global software as a medical device market are Tietronix Software Inc., Connected Health, Velentium LLC, BrightInsight, Inc., Inzentiz, Siemens AG, Jabil Inc., Pro4People Sp. z.o.o, ZA 1/4 hike Group, and Phillips-Medisize, LLC among others.

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