Analysis By Device Type (PCs/Laptops, Smartphones/Tablets, Wearable Devices), Application (Screening and Diagnostics, Monitoring and Alerting, Disease Management), Deployment Type (Cloud, On-Premises), and Country
No. of Pages:110
Report Code:
TIPRE00010412
Category:
Technology, Media and Telecommunications
The North America Software as Medical Device market is expected to reach US$ 39,854.20 Mn in 2027 from US$ 8,353.94 Mn in 2019. The market is estimated to grow with a CAGR of 22.2% from 2020-2027.
The growth of the market is driven by the factors such as, increasing adoption of IoT in healthcare and advantages of software as medical device (SaMD) .On the other hand, threat of data breach is likely to restraint the growth of market during the forecast years.
The North American Software as Medical Device market is expected to witness significant growth during the forecast period, due to factors such as the rising adoption of Internet of Things (IoT) in healthcare services for screening and monitoring of patient may offer vital growth opportunities for market growth. The US is among the top countries in the field of software as medical device. The presence of key players in the country and guidelines proposed by the US FDA for software as medical device are driving the growth of software as medical device in country.
The growth of the North American software as a medical device market is primarily driven by increasing adoption of smart health monitoring devices, transformation of digital healthcare, increasing number of chronic diseases, and support from the federal governments to implement digital tools in healthcare to cut down the costs and improve the quality of care. According to the US FDA, software has become an important part of all the products that are widely integrated into the digital healthcare platforms. The FDA also states that the use of software as medical device is continuously increasing in the US. The implementation of these devices is broadly seen across a range of digital platforms, including commercial off-shelf platforms, virtual networks, and medical device platforms. The International Medical Device Regulators Forum (IMDRF) is a voluntary group of medical device regulators that have come together to develop a harmonized regulation on medical devices. The US FDA specifies certain criteria to qualify software as medical devices.
North America Software as Medical Device Market Revenue and Forecast to 2027 (US$ Mn)
North America Software as Medical Device – Market Segmentation
By Device Type
PCs/Laptops
Smartphones/Tablets
Wearable Devices
By Application
Screening and Diagnosis
Monitoring and Alerting
Disease Management
ByDeployment Type
Cloud
On-Premises
By Country
US
Canada
Mexico
Company Profiles
Velentium LLC
Tietronix Software, Inc.
S3 Connected Health
Zühlke Group
Science Group
Inzentiz
Cambridge Consultants Inc
BrightInsight, Inc.
CompliancePath
Jabil Inc.
Phillips-Medisize
Pro4People Sp. Z.o.o
North America Software as a Medical Device Market Strategic Insights
Get more information on this report
North America Software as a Medical Device Market Segmentation Analysis
North America Software as a Medical Device Market Report Highlights
North America Software as a Medical Device Report Scope
Report Attribute
Details
Market size in 2019
US$ 8,353.94 Million
Market Size by 2027
US$ 39,854.20 Million
CAGR (2020 - 2027)
22.2%
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Device Type
PCs/Laptops
Smartphones/Tablets
Wearable Devices
By Application
Screening and Diagnostics
Monitoring and Alerting
Disease Management
By Deployment Type
Cloud
On-Premises
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
Velentium LLC
Tietronix Software, Inc.
S3 Connected Health
Zühlke Group
Science Group
Inzentiz
Cambridge Consultants Inc
BrightInsight, Inc.
CompliancePath
Jabil Inc.
Get more information on this report
North America Software as a Medical Device Market Country and Regional Insights
Get more information on this report
The List of Companies - North America Software as a Medical Device Market
1f4e79;">The List of Companies - North America Software as a Medical Device Market</span></strong></span></p><p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 150%; font-size: 10pt; font-family: Verdana, sans-serif;"><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;"><strong><span style="color:
How big is the North America Software as a Medical Device Market?
The North America Software as a Medical Device Market is valued at US$ 8,353.94 Million in 2019, it is projected to reach US$ 39,854.20 Million by 2027.
What is the CAGR for North America Software as a Medical Device Market by (2020 - 2027)?
As per our report North America Software as a Medical Device Market, the market size is valued at US$ 8,353.94 Million in 2019, projecting it to reach US$ 39,854.20 Million by 2027. This translates to a CAGR of approximately 22.2% during the forecast period.
What segments are covered in this report?
The North America Software as a Medical Device Market report typically cover these key segments-
Device Type (PCs/Laptops, Smartphones/Tablets, Wearable Devices)
Application (Screening and Diagnostics, Monitoring and Alerting, Disease Management)
Deployment Type (Cloud, On-Premises)
What is the historic period, base year, and forecast period taken for North America Software as a Medical Device Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Software as a Medical Device Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in North America Software as a Medical Device Market?
The North America Software as a Medical Device Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Velentium LLC
Tietronix Software, Inc.
S3 Connected Health
Zühlke Group
Science Group
Inzentiz
Cambridge Consultants Inc
BrightInsight, Inc.
CompliancePath
Jabil Inc.
Phillips-Medisize
Pro4People Sp. Z.o.o
Who should buy this report?
The North America Software as a Medical Device Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Software as a Medical Device Market value chain can benefit from the information contained in a comprehensive market report.
Get Free Sample For North America Software as a Medical Device Market
