Software As A Medical Device Market: Global Trends, Share, Industry Size, Growth, Forecast To 2032

The Business Research Company’s (SaMD) Software As A Medical Device Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The (SaMD) Software As A Medical Device Global Market Report 2023 evaluates (SaMD) software as a medical device market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global software as a medical device (SaMD) market is anticipated to demonstrate robust growth, surging from $19.38 billion in 2022 to $24.29 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 25.3%. However, it is essential to consider the broader global context. The Russia-Ukraine conflict has cast a shadow over the world’s path to economic recovery post the COVID-19 pandemic, at least in the short term. The repercussions include economic sanctions on multiple countries, surging commodity prices, and supply chain disruptions, culminating in inflationary pressures affecting various industries and markets worldwide. Nevertheless, the SaMD market is anticipated to maintain its upward trajectory, reaching an estimated $59.21 billion by 2027, sustaining a CAGR of 24.9%. This trajectory highlights the market’s resilience and its pivotal role in advancing medical technology to enhance healthcare practices and patient outcomes.

The growing integration of IoT (Internet of Things) in the healthcare sector is set to be a significant driver for the SaMD (Software as a Medical Device) market. IoT in healthcare refers to the use of interconnected medical tools and software capable of communicating with online computer networks for access to healthcare information technology systems. A pivotal application of IoT in healthcare is remote patient monitoring, which employs connected devices and sensors to remotely track patients’ health status and collect data. Furthermore, IoT-driven telemedicine plays a pivotal role in revolutionizing healthcare delivery, offering proactive interventions, personalized care, improved patient outcomes, and enhanced privacy. For instance, according to a report from Medicon Publications in May 2023, 80% of Americans expressed a preference for using remote patient monitoring, and it is projected that 30 million patients in the US will embrace remote patient monitoring technologies and services by 2024. Additionally, data from the Centers for Disease Control and Prevention in October 2022 reveals that 37.0% of individuals utilized telemedicine in 2021, with increased adoption correlated with age and higher prevalence among women (42.0%) compared to men (31.7%). Thus, the escalating adoption of IoT in the healthcare sector is a significant driver for the SaMD market.

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The (SaMD) software as a medical device market segments in the report are:

1) By Device Type: Wearable Device, PCs And Laptop, Smartphone And Tablets
2) By Deployment Method: Cloud-Based, On-Premise
3) By Application: Diagnostic, Clinical Management

Top 5 Major Key Players Are:
Apple Inc
McKesson Corporation
Thermo Fisher Scientific Inc
Abbott Laboratories
Siemens Healthcare GmbH

Table Of Contents
1. Executive Summary
2. Software As A Medical Device (SaMD) Market Characteristics
3. Software As A Medical Device (SaMD) Market Trends And Strategies
4. Software As A Medical Device (SaMD) Market – Macro Economic Scenario
5. Software As A Medical Device (SaMD) Market Size And Growth
……..
32. Global Software As A Medical Device (SaMD) Market Competitive Benchmarking
33. Global Software As A Medical Device (SaMD) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Software As A Medical Device (SaMD) Market
35. Software As A Medical Device (SaMD) Market Future Outlook and Potential Analysis
36. Appendix

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