According to the report by Business Market Insights, North America Software as a Medical Device Market is expected to reach US$ 18,488.00 Million by 2027 with CAGR of 85.41%.
Software as a medical device can be described as a class of medical software designed to perform one or more medical functions without the need for actual hardware. Software as a medical device is commonly used on non-medical computing platforms connected to virtual networks or other general purpose hardware.
The healthcare industry is undergoing rapid transformations since a few years now. Various technological improvements have been witnessed in the segments including diagnosis and treatment options for chronic diseases. The increase in incidences of chronic illnesses and the increasing ageing population are the primary factors fuelling the growth of healthcare segment.
The North America Software as a Medical Device Market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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For North America Software as a Medical Device Market, Business Market Insights researchers observed that there has been an increase in the healthcare expenditure in the European countries during the past few years. In this region, Germany has a history of manufacturing high diagnostic imaging technologies, precision medical instruments and others.
These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for immunochemistry assays in the market.
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North America Software as a Medical Device – MARKET SEGMENTATION
By Software Type
- Radiation Therapy Planning Software
- Apps for Phones
- Image Processing Software
- Standalone Software for Data Collection
- Standalone Application Software for Remotely Data Collection
- Infusion Pump Rate Setting Assistance Software
- Screening and Diagnosis
- Monitoring and Alerting
- Chronic Disease Management
- Digital Therapeutics
TriZetto Corporation, Phytel Inc., Infosys Limited, Siemens Healthcare Private Limited, MINES & Associates Inc, Pegasystems Inc., Wellcentive Inc, Allscripts, EXL Healthcare, HealthSmart.
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