![]() ![]() Segmentation of Software as a Medical Device Industry Research In August 2019, FutureNeuro, in a partnership with S3 Connected Health, adopted the co-design approach for epilepsy treatment by using software technological solutions.įact.MR has provided detailed information about the price points of key manufacturers of software as medical devices positioned across regions, sales growth, and speculative technological expansion, in the recently published report.The acquisition helped Star expand its existing offerings. #Topaz detail software landscape proIn July 2021, Star, a global technology company, announced the acquisition of Pro 4 People, a leading player in MedTech solutions.Industry players are concentrating on capacity expansion as well as enhancement of their global reach, using both organic and inorganic growth tactics such as acquisitions and collaborations. Product approval across different geographical legislations is a bottleneck to the entrance of emerging players into the market. Major players in the software as a medical device market are adopting organic growth strategies such as product innovations and launches to sustain their position in the market. Prominent software as a medical device companies are GE Healthcare, iCAD Inc., Hyperfine Research, Star, Tietronix Software, Inc., S3 Connected Health, Ideagen, BrightInsight, Inc, Inzentiz, Zühlke Group, and Orthogonal. Apart from this, key players are also adopting inorganic growth strategies such as mergers and acquisitions to enhance their global presence and strengthen their distribution channels in untapped regions. They are competing with each other in terms of product approvals from FDA and healthcare authorities. Market leaders are trying to introduce new innovations in software as medical devices. Market leaders such as GE Healthcare, Star, Ideagen, Orthogonal, BrightInsight Inc., and S3 Connected Health are competing with each other for market dominance. The software as a medical device market is consolidated with a number of key companies. “ Rising customer inclination for health support & accuracy and favourable government standards will create high demand for software as medical devic e s, ” says a Fact.MR analyst. ![]()
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