What is Software as a Medical Device (SaMD)?

Software as a Medical Device (SaMD) refers to software that is intended to be used for medical purposes without being part of a hardware medical device. SaMD can perform functions such as diagnosis, monitoring, or treatment recommendations.

How big is the Software as a Medical Device (SaMD) Market?

The global Software as a Medical Device (SaMD) Market size was estimated at USD 1.4 Billion in 2023 and is expected to reach USD 5.0 Billion in 2033.

What is the Software as a Medical Device (SaMD) Market growth?

The global Software as a Medical Device (SaMD) Market is expected to grow at a compound annual growth rate of 13.6%. From 2024 To 2033

Who are the key companies/players in the Software as a Medical Device (SaMD) Market?

Some of the key players in the Software as a Medical Device (SaMD) Markets are GE Healthcare, Hyperfine Research, Star, TTtronix Software, S3 Connected Health, ideagen, BrightInsight, Zuhlke, Orthogonal, iCAD Inc

Which regions are leading in the Software as a Medical Device (SaMD) market?

In 2023, North America dominated the Software as a Medical Device (SaMD) market, capturing 36% of the global market share.

What are the key drivers of the SaMD market?

The SaMD market is driven by the increasing adoption of digital health solutions, advancements in artificial intelligence and machine learning, and the growing demand for remote patient monitoring and personalized medicine.

What are the major challenges facing the SaMD market?

Key challenges include regulatory compliance, data privacy concerns, interoperability issues, and the need for robust cybersecurity measures to protect patient data.

Global Software as a Medical Device (SaMD) Market By Device Type (Smartphones, Laptops/Desktop, Wearable Device) By Application (Screening and Diagnosis, Monitoring and Altering, Chronic Condition and Disease Management, Digital Therapeutics) Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: Aug 2024
Report ID: 125267
Number of Pages: 377
Format:

Overview
Table of Contents
Major Market Players
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- GE Healthcare
- Hyperfine Research
- Amphastar Pharmaceuticals Inc Company Profile
- TTtronix Software
- S3 Connected Health
- ideagen
- BrightInsight
- Zuhlke
- Orthogonal
- iCAD Inc

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Software as a Medical Device (SaMD) Market

Report ID 125267
Published Date Aug 2024
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