Software as a Medical Device Market
Software as a Medical Device Market Study by Smartphones, Laptops/Desktops, and Wearable Devices for Screening & Diagnosis, Monitoring, Disease Management, and Digital Therapeutics from 2024 to 2034
Analysis of Software as a Medical Device Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Software as a Medical Device Market Outlook (2024 to 2034)
The global software as a medical device market is calculated to reach US$ 6.1 billion by the end of 2034, up from US$ 1.8 billion in 2024. Revenue in this market is projected to increase at a CAGR of 13% from 2024 to 2034.
The healthcare sector is embracing artificial intelligence and machine learning in a big way, thereby accelerating the introduction of software as medical devices. These software solutions support various aspects, including treatment options, diagnosis, health record sharing, data storage, and workflow management, resulting in enhanced clinical efficiency.
Recent initiatives by government bodies to promote software and emerging technologies for patient care are gaining momentum. Regulations governing digital health and government efforts in cybersecurity are projected to positively influence market growth. With patients increasingly relying on digital health solutions, the utilization of software as medical devices is projected to rise.
Integration of IoT in healthcare is poised to propel market expansion. Smart devices such as sensors, smartphones, and wearable technology collect crucial data, subsequently enhancing the user experience. The landscape of software as a medical device is aligning towards substantial market expansion, in tandem with the proliferation of wearable devices and smartphone production.
| Report Attribute | Detail |
|---|---|
| Software as a Medical Device Market Size (2024E) | US$ 1.8 Billion |
| Projected Market Value (2034F) | US$ 6.1 Billion |
| Global Market Growth Rate (2024 to 2034) | 13% CAGR |
| China Market Value (2034F) | US$ 700 Million |
| Canada Market Growth Rate (2024 to 2034) | 13.5% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2034F) | US$ 1.4 Billion |
| Key Companies Profiled | GE Healthcare; iCAD Inc.; Hyperfine Research; Star; Tietronix Software, Inc.; S3 Connected Health; Ideagen; BrightInsight, Inc.; Inzentiz; Zühlke Group; Orthogonal. |
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How is Adoption of Software as a Medical Device Shaping the Future of Healthcare?
“Introduction of AI-driven Software Applications Expediting Decision-Making in Healthcare”
Artificial intelligence is the future of healthcare, and its adoption is projected to drive market expansion over the forecast period. It is widely acknowledged that AI has the potential to enhance every facet of healthcare delivery and operations. In addition, the utilization of AI technology presents a cost-saving advantage for the healthcare sector.
These technological advancements and the introduction of AI-driven software applications are poised to fuel software as a medical device market growth. Software as a medical device solution not only aids in diagnosis but also empowers users to make informed health-related decisions independently. Moreover, these devices facilitate the consolidation of extensive medical data for individual patients onto a unified platform, streamlining decision-making for physicians. The ease of use and expedited decision-making afforded by software as medical devices have significantly contributed to market expansion.
The increasing prevalence of chronic diseases necessitates continuous monitoring. This gives rise to the demand for medical software systems. Patients afflicted with chronic conditions can self-monitor their daily health status without constant intervention from healthcare professionals.
Which Issues Must Market Players Consider While Providing Solutions?
“Increasing Prevalence of Cybercrime and Insufficient Cybersecurity Measures”
Every software solution carries inherent risks that require ongoing monitoring even post-launch in the SaMD market. As it directly interfaces with patient health, industry stakeholders must vigilantly oversee patient-related concerns to maintain safety standards. Due to their intangible nature, software as medical devices can proliferate with several duplicate copies, making them challenging to regulate for market players. The increasing prevalence of cybercrime and insufficient cybersecurity measures are anticipated to undermine user trust, potentially impeding the overall growth of the medical software market.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, asserts through its updated report analysis that North America is calculated to hold 24.3% of the global software as a medical device market share by 2034. Providers of software as a medical device solutions have significantly broadened their global presence, extending to various regions such as Southeast Asia, Central and South America, and Australia.
Which Software as a Medical Device Market Trends are Significant in the United States?
“Increasing Significance of Software in Healthcare and Rising Number of FDA Approvals for Devices”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 200 Million |
| Growth Rate (2024 to 2034) | 13.5% CAGR |
| Projected Value (2034F) | US$ 700 Million |
The United States is poised to account for a market share of 90.2% in North America in 2024 and is projected to continue its leading position over the coming years as well. Medical technology improvements in the United States are facilitated by advancements in AI. In healthcare, software is becoming more significant and prevalent.
Software developed for medical purposes and non-medical purposes (e.g., financial, administrative) is being widely used in the American healthcare sector as a result of the availability of several technology platforms (smartphones, personal computers, network servers, etc.), as well as increasing ease of access and distribution (e.g., cloud, Internet). Medical devices hold a significant position in healthcare and health-related products.
- From 2020 and 2021, the United States Food and Drug Administration (FDA) regulated more than 19,000 firms that produced an estimated 200,000 different medical devices. In 2019, it was estimated that US$ 199 billion was spent on medical equipment, up from US$ 36 billion in 1983.
Which Factors Make Japan an Ideal Market for Launching Cutting-Edge MedTech Products?
“Well-funded and Well-Organized Universal Healthcare System and Focus on Innovation”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 100 Million |
| Growth Rate (2024 to 2034) | 13.5% CAGR |
| Projected Value (2034F) | US$ 400 Million |
With a well-funded and well-organized universal healthcare system, an increasing aging population, the need for technological innovation, and significant imports of medical devices, Japan is the ideal location for market players to launch cutting-edge MedTech products.
The MedTech ecosystem in Japan is well organized, and the government actively promotes collaborations with international academics or businesses by way of funding. Private or public bio clusters can also be a huge helping hand when it comes to entering Japan and investigating the market possibilities for Japanese software used in medical devices.
Category-wise Insights
The market is segmented into smartphones, laptops/desktops, and wearable devices by device type. Out of these three segments, smartphones are projected to occupy a leading market share of 44% by 2034.
How is Increasing Adoption of Digital Health Solutions via Smartphones Proving Beneficial?
“Integration of AI and Machine Learning Enhancing Predictive and Analytical Capabilities”
| Attribute | Smartphones |
|---|---|
| Segment Value (2024E) | US$ 700 Million |
| Growth Rate (2024 to 2034) | 14.1% CAGR |
| Projected Value (2034F) | US$ 2.7 Billion |
Increasing adoption of digital health solutions via smartphones and their ease of use are contributing to the software as a medical device market size. Smartphones’ advanced computing capabilities and sensors can host a variety of medical applications, ranging from fitness trackers to sophisticated diagnostic tools. Integration of AI and machine learning in these applications is enhancing their predictive and analytical capabilities by making them more appealing to users.
Growing awareness and acceptance of these digital health solutions among consumers, healthcare professionals, and regulatory bodies are also playing a significant role in boosting smartphone sales in this market. Ongoing advancements in mobile technology and the deployment of 5G are expected to further drive this growth by enabling more complex and reliable medical applications on smartphones.
How Does Expansion of Screening & Diagnosis Segment Contribute to Healthcare?
“Critical Role of Screening in Early Detection and Management of Various Health Conditions”
| Attribute | Screening & Diagnosis |
|---|---|
| Segment Value (2024E) | US$ 800 Million |
| Growth Rate (2024 to 2034) | 12% CAGR |
| Projected Value (2034F) | US$ 2.5 Billion |
Expansion of the screening & diagnosis segment is attributed to the critical role these applications play in the early detection and management of various health conditions. They leverage advanced algorithms and vast databases to analyze medical data, enabling accurate and timely diagnosis. These applications range from simple tools for checking crucial signs to complex software capable of interpreting radiological images.
Increasing prevalence of chronic diseases and the growing need for efficient diagnostic solutions are driving the demand for these applications. The convenience and cost-effectiveness of using software for screening and diagnosis, as opposed to traditional methods are further contributing to their leading market share. As the digitalization of healthcare continues, the significance of these applications is projected to increase further during the forecast period.
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Competitive landscape highlights only certain players
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Competitive Landscape
Key players in the software as a medical device industry are aiming to develop new technologies that effectively cater to the growing need for software as a medical device solutions.
- In 2021, Star, a global technology company, announced the acquisition of Pro 4 People, a leading player in MedTech solutions. The acquisition helped Star expand its existing offerings.
Key Segments of Software as a Medical Device Market Research
-
By Device Type :
- Smartphones
- Laptops/Desktops
- Wearable Devices
-
By Software Technology :
- Artificial Intelligence
- Machine Learning
-
By Application :
- Screening & Diagnosis
- Monitoring & Altering
- Chronic Conditions & Disease Management
- Digital Therapeutics
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Device Type 6.2. Application 6.3. Software Technology 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Device Type 7.1. Smartphones 7.2. Laptops/Desktops 7.3. Wearable Devices 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 8.1. Screening & Diagnosis 8.2. Monitoring & Altering 8.3. Chronic Conditions & Disease Management 8.4. Digital Therapeutics 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Software Technology 9.1. Artificial Intelligence 9.2. Machine Learning 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Device Type, Application, Software Technology, and Region for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. GE Healthcare 20.2. iCAD Inc. 20.3. Hyperfine Research 20.4. Star 20.5. Tietronix Software, Inc. 20.6. S3 Connected Health 20.7. Ideagen 20.8. BrightInsight, Inc. 20.9. Inzentiz 20.10. Zühlke Group 20.11. Orthogonal 21. Assumptions and Acronyms Device Typed 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Device Type, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Device Type, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Device Type, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Software Technology, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Software Technology, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Software Technology, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Software Technology, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Software Technology, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Software Technology, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Software Technology, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Software Technology, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Software Technology, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Software Technology, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Device Type, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Device Type, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Device Type, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Software Technology, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Software Technology, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Software Technology, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the software as a medical device market?
The global market for software as a medical device is valued at US$ 1.8 billion in 2024.
What are the projections for the global market going ahead?
The software as a medical device market is forecasted to expand at 13% CAGR and reach US$ 6.1 billion by 2034.
What is the forecasted CAGR for the market in North America?
The North American market is forecasted to expand at 13.2% CAGR through 2034.
What is the projected market value in East Asia by 2034?
East Asia is projected to reach a market value of US$ 1.4 billion by 2034.
What is the situation in the United States market?
The United States market is forecasted to expand at 13.5% CAGR through 2034 end.
How is the software as a medical device market expected to fare in Japan?
The market in Japan is projected to expand at 13.5% CAGR from 2024 to 2034.
Which application accounts for a leading market share?
The screening and diagnosis segment accounts for 46% share of global revenue in 2024.
Software as a Medical Device Market