North America Software as a Medical Device Market to Grow at a CAGR of 22.2% to reach US$ 39,854.20 Million from 2020 to 2027

North America Software as a Medical Device Market Forecast to 2027 - COVID-19 Impact and Regional 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

Publication Month: Apr 2020 | Report Code: TIPRE00010412 | No. of Pages: 110 | Category: Healthcare IT | Status: Published
Covid

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)

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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

By Deployment 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 

 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Software as Medical Devices Market– By Device Type

1.3.2        North America Software as Medical Device Market – By Application

1.3.3        North America Software as Medical Device Market – By Deployment Type

1.3.4        North America Software as Medical Devices Market– By Region

2.           Software as Medical Devices Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Software as Medical Devices – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        North America

4.3         Expert Opinion

5.           North America Software as Medical Device Market – Industry Dynamics

5.1         Key Drivers

5.1.1        Increasing adoption of IoT in healthcare

5.1.2        Advantages of Software as Medical Device (SaMD)

5.2         Key Market Restraints

5.2.1        Threat of Data Breach

5.3         Key Market Opportunities

5.3.1        Connected healthcare in nations

5.4         Future Trends

5.4.1        Increasing number of wearable medical devices

5.5         Impact Analysis

6.           Software as Medical Devices Market – Regional Analysis

6.1         North America Software as Medical Devices Market Revenue Forecast And Analysis

7.           Software as Medical Devices Market Analysis – By Device Type

7.1         Overview

7.2         Software as Medical Devices Market Revenue Share, by Device Type, 2019 and 2027 (%)

7.3         PCs/Laptop

7.3.1        Overview

7.3.2        PCs/Laptop: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Smartphones/Tablets

7.4.1        Overview

7.4.2        Smartphones/Tablets: Software as Medical Device Market – Revenue and Forecast to 2027  (US$ Million)

7.5         Wearable Devices

7.5.1        Overview

7.5.2        Wearable Devices: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

8.           Software as Medical Device Market Analysis –  By Application

8.1         Overview

8.2         Software as Medical Device Market Revenue Share, by Application (2019 and 2027)

8.3         Screening and Diagnosis

8.3.1        Overview

8.3.2        Screening and Diagnosis: Software as Medical Device Market – Revenue and Forecast to 2027  (US$ Million)

8.4         Monitoring and Alerting

8.4.1        Overview

8.4.2        Monitoring and Alerting: Software as Medical Device Market – Revenue and Forecast to 2027  (US$ Million)

8.5         Disease Management

8.5.1        Overview

8.5.2        Disease Management: Software as Medical Device Market – Revenue and Forecast to 2027  (US$ Million)

9.           Software as Medical Device Market Analysis –  By Deployment Type

9.1         Overview

9.2         Software as Medical Device Market Revenue Share, by Deployment Type (2019 and 2027)

9.3         Cloud

9.3.1        Overview

9.3.2        Cloud: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

9.4         On-Premise

9.4.1        Overview

9.4.2        On-Premise: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

10.        Software as Medical Device Market – Geographic Analysis

10.1.1     Overview

10.1.2     North America: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

10.1.3     North America: Software as Medical Device Market, by Device Type, 2018–2027 (USD Million)

10.1.4     North America: Software as Medical Device Market, by Application, 2018–2027 (USD Million)

10.1.5     North America: Software as Medical Device Market, by Deployment Type, 2018–2027 (USD Million)

10.1.6     North America: Software as Medical Device Market, by Country, 2019 & 2027 (%)

10.1.7     US: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

10.1.7.1       US: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

10.1.7.2       US: Software as Medical Device Market, by Device Type, 2018–2027 (USD Million)

10.1.7.3       US: Software as Medical Device Market, by Application, 2018–2027 (USD Million)

10.1.7.4       US: Software as Medical Device Market, by Deployment Type, 2018–2027 (USD Million)

10.1.8     Canada: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

10.1.8.1       Canada: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

10.1.8.2       Canada: Software as Medical Device Market, by Device Type, 2018–2027 (USD Million)

10.1.8.3       Canada: Software as Medical Device Market, by Application, 2018–2027 (USD Million)

10.1.8.4       Canada: Software as Medical Device Market, by Deployment Type, 2018–2027 (USD Million)

10.1.9     Mexico: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

10.1.9.1       Mexico: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

10.1.9.2       Mexico: Software as Medical Device Market, by Device Type, 2018–2027 (USD Million)

10.1.9.3       Mexico: Software as Medical Device Market, by Application, 2018–2027 (USD Million)

10.1.9.4       Mexico: Software as Medical Device Market, by Deployment Type, 2018–2027 (USD Million)

11.        Impact Of COVID-19 Pandemic on North America Software As Medical Device Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Software as Medical Devices Market – Industry Landscape

12.1      Overview

12.2      Inorganic Growth Strategies

12.2.1     Overview

13.        Company Profiles

13.1      Velentium LLC

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Tietronix Software Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      S3 Connected Health

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Zühlke Group

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Science Group

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Inzentiz

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Cambridge Consultants Inc

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      BrightInsight, Inc.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      CompliancePath

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Jabil Inc.

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

13.11   Phillips-Medisize

13.11.1  Key Facts

13.11.2  Business Description

13.11.3  Products and Services

13.11.4  Financial Overview

13.11.5  SWOT Analysis

13.11.6  Key Developments

13.12   Pro4People Sp. z o.o.

13.12.1  Key Facts

13.12.2  Business Description

13.12.3  Products and Services

13.12.4  Financial Overview

13.12.5  SWOT Analysis

13.12.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Glossary of Terms

 


LIST OF TABLES

Table 1.             North America Software as a Medical Device Market, by Device Type – Revenue and Forecast to 2027 (USD Million)

Table 2.             North America Software as a Medical Device Market, by Device Type – Revenue and Forecast to 2027 (USD Million)

Table 3.             North America Software as Medical Device Market, by Device Type – Revenue and Forecast to 2027 (USD Million)

Table 4.             North America Software as Medical Device Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 5.             North America Software as Medical Device Market, by Deployment Type – Revenue and Forecast to 2027 (USD Million)

Table 6.             US Software as Medical Device Market, by Device Type – Revenue and Forecast to 2027 (USD Million)

Table 7.             US Software as Medical Device Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 8.             US Software as Medical Device Market, by Deployment Type – Revenue and Forecast to 2027 (USD Million)

Table 9.             Canada Software as Medical Device Market, by Device Type – Revenue and Forecast to 2027 (USD Million)

Table 10.          Canada Software as Medical Device Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 11.          Canada Software as Medical Device Market, by Deployment Type – Revenue and Forecast to 2027 (USD Million)

Table 12.          Mexico Software as Medical Device Market, by Device Type – Revenue and Forecast to 2027 (USD Million)

Table 13.          Mexico Software as Medical Device Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 14.          Mexico Software as Medical Device Market, by Deployment Type – Revenue and Forecast to 2027 (USD Million)

Table 15.          Recent Inorganic Growth Strategies In The Software As Medical Device Market

Table 16.          Glossary of Terms, Software as Medical Device Market

 


LIST OF FIGURES

Figure 1.           Software as Medical Devices Market Segmentation

Figure 2.           Software as Medical Devices Segmentation – By Region

Figure 3.           North America Software as Medical Devices Market Overview

Figure 4.           The Smartphone/Tablets Devices Segment Held Largest Share Of Device Segment In Software as Medical Devices Market

Figure 5.           US Is Expected to Show Remarkable Growth During the Forecast Period

Figure 7.           North America PEST Analysis

Figure 8.           North America Software as Medical Devices Market – Revenue Forecast And Analysis – 2019- 2027

Figure 9.           Software as Medical Devices Market Revenue Share, by Device Type, 2019 and 2027 (%)

Figure 10.        PCs/Laptop: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Smartphones/Tablets: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Wearable Devices: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Software as Medical Device Market Revenue Share, by Application (2019 and 2027)

Figure 14.        Screening and Diagnosis: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Monitoring and Alerting: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Disease Management: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Software as Medical Device Market Revenue Share, by Deployment Type (2019 and 2027)

Figure 18.        Cloud: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        On-Premise: Software as Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        North America: Software as Medical Device Market, by Key Country – Revenue (2019) (USD Million)

Figure 21.        North America Software as Medical Device Market Revenue and Forecast to 2027 (USD Million)

Figure 22.        North America: Software as Medical Device Market, by Country, 2019 & 2027 (%)

Figure 23.        US: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

Figure 24.        Canada: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

Figure 25.        Mexico: Software as Medical Device Market – Revenue and Forecast to 2027 (USD Million)

Figure 26.        Impact of COVID-19 Pandemic in North American Country Markets

The List of Companies - North America Software as a Medical Device Market

 

  1. Velentium LLC
  2. Tietronix Software, Inc.
  3. S3 Connected Health
  4. Zühlke Group
  5. Science Group
  6. Inzentiz
  7. Cambridge Consultants Inc
  8. BrightInsight, Inc.
  9. CompliancePath
  10. Jabil Inc.
  11. Phillips-Medisize
  12. Pro4People Sp. Z.o.o 

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe software as medical device market.

 

  • Highlights key business priorities in order to assist companies to realign their business strategies.

 

  • The key findings and recommendations highlight crucial progressive industry trends in the Europe software as medical device market, thereby allowing players across the value chain to develop effective long-term strategies.

 

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

 

  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.

 

  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

 

TIPRE00010412
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