Software as a Medical Device Market Projected to Grow at a CAGR of 85.41% During the Forecast Period of 2019-2025

Introduction

SaMD is software intended to be used for one or more medical purposes without being part of a hardware medical device. For instance, the software used to show images from an MRI on phone is SaMD but the software which enables MRI will not be considered as a SaMD. They have several applications in the medical sector such as diagnosis, disease prevention, treatment, and modernizing care. SaMD helps in faster discovery, management, and treatment of a wide range of medical problems. 

According to industry research, software as a service market is segmented by device type, deployment, application, and geography. By device type, the market is segmented into PCs/laptops, smartphones/tablets, and wearable devices. By deployment, the market is segmented into the cloud and on-premise. By application, the market is segmented into screening and diagnosis, monitoring and alerting, chronic condition and disease management, and digital therapeutics.

Drivers and restraints of Software as a Medical Device Market

The Software as a Medical Device market is projected to witness a staggering growth during the forecast period owing to the rapid product launches and rising adoption of IoT in healthcare. Furthermore, ease in regulations for the certification of the SaMD will further boost the software as a medical device market growth. However, concerns regarding the privacy of the health data of the user might restrain the market during the given forecast period. Additionally, rising investments by the companies for SaMD will provide ample opportunities for the market players to flourish and further increase the software as a medical device market size.

Market Segmentation

Geographically, North America is estimated to hold a significant share of global software as a medical device market share. The market share is projected on account of a number of companies getting FDA clearance on their software as a medical device. This coupled with the burgeoning investment in the healthcare industry by major countries like the U.S.A. and Canada is further propelling the SaMD market growth in the region.

The growing adoption of smartphones for various applications in the healthcare industry is expected to drive the smartphone segment of the device type segmentation. By deployment, cloud-based SaMDs are projected to hold a significant share in the SaMD market owing to their rising popularity and greater functionality and scope in comparison to on premise-based devices. By application, the diagnosis system is expected to have a significant market share in the coming years. 

According to competitive intelligence, the software as a medical device market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Arterys Inc., Qlarity Imaging LLC, Imagen Technologies, Apple, Inc., iSchemaView, inc.(RAPID), MaxQ AI, Ltd., Greenfinch, Fitbit, Inc., Pear Therapeutics, Inc., SAMSUNG among others.

Key Questions Answered in This Report:

What are the key regions having a significant market share?

What are the drivers and restraints of the market?

Who are the key market players in the market?

What is the market segmentation of the software as a medical device market?

What are the applications of the market?

 

Data Center Colocation Market – An Economical Means of Data Storage

As the data requirement keeps growing so is there increasing demand for efficient Information Technology (IT) infrastructure. Datacenter colocation plays a major role in providing much-needed benefit to companies willing to reduce their operating costs and remain competitive. Enterprises (small, medium and large) which are facing challenges related to burgeoning data and moving their services onto the cloud, colocation has become one of the preferred options. This has led to a movement towards leasing of colocation facilities which was traditionally dominated by owning data centers and having a dedicated team of IT professionals for maintaining and troubleshooting the issues. The competitive intelligence section deals with major players in the market, which are Equinix, Rackspace, Telehouse, Verizon, Soft Layer, Colt Technology Services, Zayo Group, Century Link, Coresite Realty Corporation, Internap, Net Data Centers, and Single Hop.

Market Drivers:

The demand for the data center colocation market is driven by the increasing concerns regarding the cost of running the data center along with the high cost of maintenance and the non-availability of strategic locations. The growth is also augmented by the increased safety and availability of high bandwidth. Furthermore, the opportunity to focus on revenue generation rather than on non-revenue generation activities also support market growth, thereby increasing the data center collocation market size. The market will continue to grow  worldwide on account of increased spending by the SMBs and government enterprises, regulations, cloud computing and up-gradation of existing infrastructure.

Market Segmentation:

The data center colocation market has been segmented based on colocation model, enterprise size, industry vertical, and geography. Retail and Wholesale colocation is the major colocation models offered by different colocation service providers. Retail Colocation accounts for the major market while wholesale colocation providers have started focusing on short-term deals to remain competitive.

By enterprise size, the market is segmented as small enterprises, medium enterprises, and large enterprises. The large enterprise end-users hold the highest data center collocation market share on account for the need for reduction of cost and expenses associated with data centers and the increased safety and high bandwidth which comes with it. The growth of the market is also supported due to the increasing data theft which makes the users opt for these collocation services so that they can focus on the key revenue-generating activities.

By industry vertical, the market is segmented as Banking and Financial Services, Manufacturing, Communication and Technology, Healthcare, Energy, Education, Government, Media, and Entertainment, and Others. The banking and financial services hold a significant share of the market due to the vast amount of transactions which are done per second and the safety which is required in the increasing data fraud and data theft cases.

By geography, the market is segmented as North America, South America, Europe, Middle East, and Africa, and Asia Pacific. The data center collocation market analysis shows that the North America region holds the largest share in the market with the United States being the major market.

Key questions answered in the report:

What has been the performance of Data Center Colocation Market and how it will perform in the future?

What are the key players in the target market study?

What are the various segments on which the market research is conducted?

What are the driving factors that are leading to the growth of the market?

What are the recent developments happening in the industry?

Global Holter ECG Monitoring Market: North Holds Significant Market Share

Introduction

A holter monitor is an ambulatory electrocardiogram which is operated by battery and helps in the measurement and records the heart’s activity. Patients susceptible to the cardiovascular are recommended holter ECG tests for continuous tracking of the heart activity. The patient wears the device for one or two days and the holter monitor record the heartbeat of the patient during the entire duration while the patient was performing different activities. The data collected is analyzed by the holter analysis systems and software, giving the doctor proper knowledge about the condition.

Drivers and restraints of Global Holter ECG Monitoring Market       

The aging population is more prone to cardiovascular diseases. The globally increasing aging population has increased the demand for holter ECG monitors. Global holter ECG monitoring market trend is expected to be positive on account of the shift in the trend from the effective treatment to preventive care. Additionally, growing digitalization will raise the demand for digital holter monitors by many healthcare professionals and will contribute towards fuelling the demand for holter monitor thereby increasing the global Holter ECG monitoring market size. However, the absence of skilled professionals to correctly analyze the data may act as a restraining factor for the market.

Market Segmentation

According to industry research conducted by Knowledge Sourcing Intelligence, the wired holter monitors segment of product type segmentation is expected to have a significant market share on account of widespread usage of wired holter monitors in hospitals. The market of holter analysis system and software segment is expected to grow at a rapid pace owing to growing technological advancements. By lead type, the 12 lead holter monitor segment is expected to have a significant market share due to its widespread usage from patients suffering from cardiovascular diseases to police officers and firefighters. By end-user, hospitals and clinics segment is expected to have a significant market share on account of large scale utilization of holter monitors in hospitals and clinics for the diagnosis of patients suffering from cardiovascular diseases.

Geographically, North America region is expected to have a significant market share of the global holter ECG monitoring market share. North America is a technologically advanced region that is propelling the growth of the market in the region. Consumer awareness about the technology and inclination towards preventive measure for cardiovascular diseases instead of treatment is also fueling the growth in the region. The market of Asia Pacific region is expected to witness rapid growth owing to increasing consumer awareness and increasing inclination towards preventive measures for cardiovascular diseases instead of treatment.

Competitive intelligence shows that global holter ECG monitoring market shows that the market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include SCHILLER AG, BPL Medical Technologies, Koninklijke Philips N.V. and Cardiac Science Corporation among others.

Key Questions Answered in This Report:

      ·         What are the key regions having a significant market share of the market?

      ·         What are the drivers and restraints of the market?

      ·         Who are the key market players in the market?

      ·         What is market segmentation of the global holter ECG monitoring market?

      ·         Which product type is having significant market share?

North America Holds Significant Share of Surgical Simulation Market

Introduction

Surgical simulation is a method of simulating surgical procedures for training medical professionals. The market of surgical simulators is growing as it avoids the use of patients for practice and ensures that trainees have had a practice before treating humans. Simulation is becoming popular as it helps in improving the skills. According to supply chain studies of Knowledge Sourcing Intelligence, the market is segmented by application, end-user, and geography. By application, the market is segmented into laparoscopy surgical simulation, gynecology surgical simulation, endoscopic surgical simulators, cardiovascular surgical simulation, arthroscopic physiotherapy surgical simulation, neurological surgical simulators, and other surgical simulation. By end-user, the market is segmented into hospitals and research & academic institutions.

Drivers and restraints of Surgical Simulation Market

The rapidly growing healthcare industry in many regions across the globe is fuelling the adoption of advanced technologies by various healthcare organizations to provide better patient care. The market growth of surgical simulators is boosted due to the increasing adoption of surgical simulators to eliminate the risk of failure during surgeries. Increasing investments by the key players in R&D activities and technological advancements are increasing the capabilities and reliability of the simulators thereby propelling the surgical simulation market growth. However, factors such as technological problems, real-time response and computing strength, and high cost of the simulators may restrain the growth of the market.

Investment by key players for developing the new and technologically advanced product is expected to increase the surgical simulation market size. Increasing adoption of AR and VR technologies in the surgical simulators to improve the efficiency of the trainees is expected to fuel the growth of the market.

Market Segmentation

Among the end-users, the hospital segment is expected to have a significant share on account of comprehensive utilization of simulation models during medical surgeries, efforts to reduce errors, focus on patient safety adoption of cost-effective means of training medical students and surgeons. Research and academic students segment is expected to grow at a rapid pace owing to increasing demand for simulators to enhance the skills of the trainees.

North America is projected to account for the significant share in the global surgical simulation market share. The presence of key players in the regions has improved the accessibility of simulation products, rising aging population, and the untapped the vast potential of the region are the factors that have been instrumental for the growth of the surgical simulation market in North America. The market of Asia Pacific region is expected to witness growth in the forecast period owing to the shift of key players to the region and booming healthcare sector in the region.

Surgical simulation market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include CAE Inc., Gaumard Scientific Company, Inc., Simulab Corporation, Surgical Science Sweden AB and 3B Scientific among others.

Key Questions Answered in This Report:

      ·         What are the key regions having a significant market share of the market?

      ·         What are the drivers and restraints of the market?

      ·         Who are the key market players in the market?

      ·         What is the market segmentation of the surgical simulation market?

      ·         Who are the end-users of the market?

3D Printing Market Growing With The Growth of End Users Industry

Introduction

3D printing is a process of making three dimensional solid objects from a digital file using a 3D printer. According to Knowledge Sourcing Intelligence, a market research company 3D printing has been segmented by component, technology, and geography. Based on component the market has been segmented into hardware, software, services, and material. By technology, the market has been classified into vat photopolymerization, metal extrusion, material jetting, binder jetting, direct energy deposition, powder bed fusion, and sheet lamination. On the basis of end-user, the market is segmented as healthcare, automotive, aerospace and defense, construction, and others. Geographically, the global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions.

Drivers of 3D Printing Market

The market of 3D printing is driven by the growth of the end-user industries like consumer electronics, healthcare and automotive among others. Growing demand for advanced technologies that can streamline the development process and also help in increasing the profit margin to reduce the operational cost is boosting the 3D printing market growth. Increasing investments in research and development for technological advancements and product launches are increasing the 3D printing market size.

Market Segmentation    

                                                      

Geographically, the 3D North America holds a substantial share in the global 3D printing market share. The market share is projected on account of presence of a large number of key players and early adoption of new technology in the region. US holds major share of the North America region. Europe region is also projected to hold a significantly large share in this market owing to the increasing demand for these printers from end-user industries such as healthcare, automotive, and consumer electronics among others. Asia Pacific region is expected to grow at a rapid pace in the coming years.

The medical segment is expected to have a significant market share. 3D printing techniques are used in medical sector as it helps in combining cells, works a growth factor, and biomaterials by fabricating biomedical parts to enhance characteristics of natural tissue to the maximum extent. The technology is growing in the healthcare industry due to the benefits offered by it such as efficiency, cost-effectiveness, and convenience.

According to competitive intelligence is done by Knowledge Sourcing Intelligence, 3D printing market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Stratasys Ltd., The Exone Company, Ultimaker BV, Xjet, HP, Materialise, SLM Solutions Group, Sciaky, Mcor Technologies Ltd., Optomec, DWS, 3DCERAM SINTO, Luxexcel Group, EnvisionTEC, and Arcam EBM among others.

Key Questions Answered in This Report:

•          What are the key regions having a significant market share of the global 3D printing market?
•          What are the drivers of the market?
•          Who are the key market players in the market?
•          What is market segmentation of the 3D printing market?
•        Who are the end-users of the 3D printing market?