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Software as a Medical Device Market(SaMD Market): Wearable Device Type Segment is Expected to Grow at Rapid Pace

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Knowledge Sourcing Intelligence
Software as a Medical Device Market(SaMD Market): Wearable Device Type Segment is Expected to Grow at Rapid Pace

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.

By device type, the market is segmented into PCs/laptops, smartphones/tablets, and wearable devices.

The market of wearable devices segment is expected to grow at a rapid pace on account of rising adaption of such devices coupled with the growing number of players.

By application, the market is segmented into screening and diagnosis, monitoring and alerting, chronic condition and disease management, and digital therapeutics.

Geographically, North America is estimated to hold a significant share of global software as a medical device market share.

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