Software as a Medical Device Market Analysis by Device (Smartphone, Desktop/Laptop, Wearable Devices), by Deployment (On-premise, Cloud-based), by Application (Clinical Management, Diagnostic), and by Region - Forecast to 2026

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The global software as a medical device (SaMD) market size is estimated to be USD 847.5 million in 2021 and is expected to witness a CAGR of 86.91% during the forecast period. Increasing application of artificial intelligence in diagnostic of chronic illness is a key driver for the growth of the global software as a medical device market. Additionally, the rising geriatric population, growing demand for cost-effective quality healthcare services, and government support for the treatment of chronic diseases are some of the other drivers propelling the market growth. However, the ambulatory regulatory policies and lack of awareness for technology are expected to restrain the global market growth.

Global Software as a Medical Device Market Size (USD Million), 2021-2029

Source: Erevna Healthcare

By Device

Based on device, the market is segmented into smartphone, desktop/laptop, and wearable devices. In 2021, the desktop/laptop segment accounted for the significant revenue share with lucrative CAGR during the forecast period. This is attributed to the large application of desktop/laptop in healthcare sector worldwide. Wearable devices segment projected to grow at a profitable CAGR during the forecast period. This is attributed to convenient use, high adoption of digital devices and rising healthcare awareness among consumers.

By Deployment

Based on deployment, the market is categorized into on-premise and cloud-based. In 2021, the on-premise segment accounted for a significant revenue share due to increasing prevalence of infectious diseases, rising number of patient admission and growing investment by hospitals for AI integration, worldwide. The cloud-based segment is anticipated to grow at a lucrative CAGR during the forecast period, due to the rising R&D by biomedical & healthcare software companies.

By Application

Based on application, the market is categorized into clinical management and diagnostic. The diagnostic companies segment accounted for the highest revenue in 2021 and is projected to maintain its dominance over the forecast period. The rising prevalence of chronic diseases and outbreak during the COVID-19 pandemic is a key factor that drives the segment growth. The clinical management segment is anticipated to grow at a steady CAGR during the forecast period, due to the rising number of clinical researches worldwide.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the presence of leading software companies in healthcare sector, high digital penetration, and supportive government policies in this region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the strengthening economy, escalating demand for modern healthcare services, and growing consumer awareness for digital technology in healthcare sector in this region.

Competitor Insights

Some of the key players in the software as a medical device market are Viz.ai, Inc. (U.S.); Qlarity Imaging, LLC (U.S.); Arterys Inc. (U.S.); iSchemaView, Inc. (U.S.); Apple Inc. (U.S.); IDx Technologies, Inc. (U.S.); Imagen Technologies (U.S.); MaxQ AI (U.S.); Koninklijke Philips N.V. (Netherlands); and Siemens AG (Germany). The leading players operating in the software as a medical device industry are adopting various strategies including innovation in technology, R&D investments, collaborations, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The software as a medical device market report is categorized into the following segments and subsegments:

Software As A Medical Device Market, By Device (Revenue, USD Million, 2021 – 2029)

  • Smartphone
  • Desktop/Laptop
  • Wearable Devices

Software As A Medical Device Market, By Deployment (Revenue, USD Million, 2021 – 2029)

  • On-premise
  • Cloud-based

Software As A Medical Device Market, By Application (Revenue, USD Million, 2021 – 2029)

  • Clinical Management
  • Diagnostic

Software As A Medical Device Market, By Region (Revenue, USD Million, 2021 – 2029)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Software As A Medical Device Market Report:

Key Parameters Details
Base Year
  • 2021
Forecast Period
  • 2022-2029
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • Value-chain analysis
  • COVID-19 impact analysis
Regional Market Scope
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 15 players
  • 50+ other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Table of Contents: Software As A Medical Device (SaMD) Market 2021-2029

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Assumptions
    4. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Procurement
        1. Internal Database
        2. Secondary Research
        3. Purchased Database
        4. Primary Research
      3. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
      4. Quality Assessment
  1. Introduction: Software As A Medical Device (SaMD)
  2. Executive Summary
    1. Global Market Scenario
    2. Segment Market Scenario
    3. Geographic Market Scenario
    4. COVID-19 Impact
    5. Competitive Landscape
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. Value Chain Analysis
    4. SWOT Analysis
    5. Benchmark
  2. COVID-19 Impact Analysis: Software As A Medical Device (SaMD) Market
    1. COVID-19: Overview
    2. COVID-19 Impact on the Global Market
    3. COVID-19 Impact on the Regional Markets
  3. Market Analysis by Device type
    1. Wearable device
      1. Wearable device Market Forecast, 2021-2029 (USD Million)
    2. Smartphone/tablets
      1. Smartphone/tablets Market Forecast, 2021-2029 (USD Million)
    3. PCs/Laptops
      1. PCs/Laptops Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by Deployment
    1. Cloud
      1. Cloud Market Forecast, 2021-2029 (USD Million)
    2. On-premise
      1. On-premise Market Forecast, 2021-2029 (USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends
    2. Regional Market: Comparative Analysis
  2. North America Software As A Medical Device (SaMD) Market
    1. North America Software As A Medical Device (SaMD) Market
      1. North America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
        2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
      2. S. Software As A Medical Device (SaMD) Market
        1. S. Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
          2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
        2. Canada Software As A Medical Device (SaMD) Market
          1. Canada Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
            2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
  1. Europe Software As A Medical Device (SaMD) Market
    1. Europe Software As A Medical Device (SaMD) Market
      1. Europe Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
        2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
      2. Germany Software As A Medical Device (SaMD) Market
        1. Germany Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
          2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
        2. UK Software As A Medical Device (SaMD) Market
          1. UK Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
            2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
          2. France Software As A Medical Device (SaMD) Market
            1. France Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
              2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
            2. Spain Software As A Medical Device (SaMD) Market
              1. Spain Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
                2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
              2. Italy Software As A Medical Device (SaMD) Market
                1. Italy Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
                2. Rest of Europe Software As A Medical Device (SaMD) Market
                  1. Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
  1. Asia Pacific Software As A Medical Device (SaMD) Market
    1. Asia Pacific Software As A Medical Device (SaMD) Market
      1. Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
        2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
      2. Japan Software As A Medical Device (SaMD) Market
        1. Japan Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
          2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
        2. China Software As A Medical Device (SaMD) Market
          1. China Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
            2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
          2. India Software As A Medical Device (SaMD) Market
            1. India Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
              2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
            2. South Korea Software As A Medical Device (SaMD) Market
              1. South Korea Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
                2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
                3. Market Size and Forecast by Device, 2021-2029 (USD Million)
              2. Australia Software As A Medical Device (SaMD) Market
                1. Australia Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
                2. Rest of Asia Pacific Software As A Medical Device (SaMD) Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
  1. Latin America Software As A Medical Device (SaMD) Market
    1. Latin America Software As A Medical Device (SaMD) Market
      1. Latin America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
        2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
      2. Brazil Software As A Medical Device (SaMD) Market
        1. Brazil Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
          2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
        2. Mexico Software As A Medical Device (SaMD) Market
          1. Mexico Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
            2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
          2. Argentina Software As A Medical Device (SaMD) Market
            1. Argentina Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
              2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
            2. Rest of Latin America Software As A Medical Device (SaMD) Market
              1. Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
                2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
  1. MEA Software As A Medical Device (SaMD) Market
    1. MEA Software As A Medical Device (SaMD) Market
      1. MEA Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
        2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
      2. GCC Software As A Medical Device (SaMD) Market
        1. GCC Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
          2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
        2. South Africa Software As A Medical Device (SaMD) Market
          1. South Africa Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
            2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
          2. Rest of MEA Software As A Medical Device (SaMD) Market
            1. Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Device type, 2021-2029 (USD Million)
              2. Market Size and Forecast by Deployment, 2021-2029 (USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2021 & 2029
    2. Competitive Mapping
    3. Key Players Market Place Analysis
    4. Major Recent Developments
  2. Company Profiles
    1. Cerner Corporation (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    2. Medtronic plc (Ireland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    3. Masimo (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    4. Koninklijke Philips N.V. (Netherlands)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    5. GE Healthcare (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    6. Stryker Corporation (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    7. iHealth Labs Inc. (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    8. Cisco Systems (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    9. Lantronix Inc. (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    10. Infosys (India)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    11. S3 Connected Health (Ireland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    12. Spectrum Medical Ltd. (UK)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    13. Hill-Rom Holdings Inc. (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    14. Iatric Systems Inc. (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    15. Silex Technology (Japan)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Device type Benchmarking
      5. Recent Developments
    16. Others Prominent Players

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