Europe Software as a Medical Devices Market Growth Drivers and Forecast by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Europe Software as a Medical Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Device Type (PCs/Laptop, Smartphones/Tablets, and Wearable Devices), Application (Screening and Diagnosis, Monitoring and Alerting, and Disease Management), Deployment Type (Cloud and On-Premise), and Country

Report Date : Aug 2020
Report Code : TIPRE00013017

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 100

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Europe software as a medical devices market is expected to reach US$ 24,898.07 million by 2027 from US$ 5,430.19 million in 2019. The market is estimated to grow at a CAGR of 21.6% from 2020 to 2027.

The growth of the Europe software as a medical devices market is attributed to the growing adoption of wearable devices, increasing investments in connected devices & healthcare IoT, and rising emphasis on utilization of intelligent platforms to improve healthcare outcomes. However, the increased risk of data breach limits the growth of market in this region. The COVID-19 has shown a significant impact on the Europe software as a medical devices market. Factors such as increasing number of coronavirus cases and growing number of fatalities due to the virus are leading to complete shutdown of businesses across the region, leading to hampering the growth of the market.

The Europe software as a medical devices market is expected to witness significant growth during the forecast period due to increasing adoption of IoT in healthcare. Applications for IoT in healthcare majorly includes continuous monitoring of physiological activities such as blood pressure, body temperature, pulse rate, respiratory rates and others. Furthermore, IoT is also used for continuous data collection of certain parameters of patients suffering with chronic illness to provide remote assistance. The monitoring is evolved nowadays with the installation of specific apps in the patient’s smartphone or wearable device that acts as both the sensor and tracker converting it into a medical device to perform the task saving cost of monitoring. The above-mentioned factors are thus likely expected to account for the growth of software as medical device market in the years to come. In March 2015, Aceton introduced X-Mind Prime as an addition to their previously existing 2D and 3D panoramic device line. The compact wall-mounted system is likely to provide dental practitioners with various new operational efficiencies. The rising number of technologically advanced dental X-rays is expected to be supportive in propelling the growth of the market.

Germany is among the major countries in the software as a medical devices market in this region. The governments in the country pay for a higher amount of national healthcare spending as compared to developing countries. The government has taken active participation in the development and regularization of the digitalization in healthcare in Germany. For instance, in 2019, the German government has initiated a law ‘Digital Care Act’ to digitalize the healthcare system. This act is based on the ‘e-Health Act’ in 2016. The main objective of this new law to develop the ‘telematics infrastructure’ for healthcare services providers. Such constructive activities are likely to drive the software as a medical devices market in the country.

Europe Software as a medical devices market Revenue and Forecast to 2027 (US$ Million)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Software as a medical devices market Segmentation

By Device Type

Smartphone/Tablets
Wearable Devices
PCs/Laptop

By Application

Screening and Diagnosis
Monitoring and Alerting
Disease Management

By Deployment

Cloud
On-Premise

By Country

Germany
UK
France
Italy
Spain
Rest of Europe

Company Profiles

Velentium LLC
Tietronix Software Inc.
S3 Connected Health
Zühlke Group
Science Group

Europe Software as a Medical Devices Report Scope

Report Attribute	Details
Market size in 2019	US$ 5,430.19 Million
Market Size by 2027	US$ 24,898.07 Million
Global CAGR (2020 - 2027)	21.6%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Device Type PCs/Laptop Smartphones/Tablets Wearable Devices By Application Screening and Diagnosis Monitoring and Alerting Disease Management By Deployment Type Cloud and On-Premise
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Velentium LLC Tietronix Software Inc. S3 Connected Health Z

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Europe Software as a Medical Devices Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Europe Software as a Medical Devices Market Report Snapshots

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