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LONDON, GREATER LONDON, UNITED KINGDOM, June 18, 2025 /EINPresswire.com/ -- What Is The Growth Trajectory Of The Medical Device Sales Software Market?
The medical device sales software market size has seen rapid growth in the recent years. Surging from $1.22 billion in 2024 to $1.35 billion in 2025, the market exhibits a compound annual growth rate CAGR of 10.8%. This expansion during the historic period is largely driven by increasing demand for healthcare automation, rising adoption of cloud-based solutions, a growing focus on patient-centric care, stringent regulatory compliance requirements, and a rising demand for real-time data analytics.
What Is The Expected Growth Rate And Future Market Size Of The Medical Device Sales Software Market?
The medical device sales software market size is expected to continue its rapid growth, reaching $2.00 billion in 2029 at a CAGR of 10.4%. This predicted growth during the forecast period can be attributed to a growing preference for cloud-based solutions, a focus on improving operational efficiency, increasing regulatory requirements for traceability, a rise in personalized medicine, and greater emphasis on patient data security and privacy. Further, major trends influencing the forecast period include the integration of artificial intelligence and machine learning, cloud-based software solutions, real-time data analytics, predictive analytics for sales forecasting, the use of blockchain for data security and traceability, and the development of voice-assisted sales tools and virtual assistants.
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What Is Driving The Growth Of The Medical Device Sales Software Market Going Forward?
The rise in the adoption of cloud-based solutions is expected to stimulate the growth of the medical device sales software market. This increase in usage can be attributed to the growing need for an on-demand access to a broad range of computing resources such as storage, servers, and software over the internet. This trend not only enables scalability, flexibility, and cost efficiency but also reduces infrastructure costs and provides scalable subscription-based pricing. Medical devices sales software improves this by seamlessly integrating with sales and customer data, making it easier for teams to access real-time information and streamlining workflows for medical device companies.
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Who Are The Key Industry Players In The Medical Device Sales Software Market?
Prominent companies operating in the medical device sales software market include McKesson Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Medtronic Public Limited Company, Salesforce Inc., Siemens Healthineers AG, Stryker Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Zoho Corporation Pvt. Ltd, Veeva Systems Inc., Valsoft Corporation Inc., Sales Mantra CRM, AcuityMD Inc., Koch Industries Inc., NetApp, ChannelTrace Inc., RepMove Inc., and Verb Technology Company Inc. These companies have made a substantial impact through the driving growth of the medical device sales software market.
What Are The Emerging Trends In The Medical Device Sales Software Market?
Major companies are focusing on developing technologically innovative solutions, such as Software-as-a-Service SaaS platforms, to enhance sales processes and improve customer engagement, thereby leading industry trends. SaaS platforms are cloud-based software delivery models that allow users to access applications over the internet without the need for internal infrastructure or hardware. For instance, in May 2023, MedShift, a US-based medical technology manufacturer, launched Velocity Technology Suite. This powerful SaaS platform is designed to streamline sales and automate business operations for aesthetic and medical device companies by providing tools like digital order entry, e-commerce, sales territory mapping, and commission reporting.
How Is The Medical Device Sales Software Market Segmented?
The medical device sales software global market segments the market based on product type, enterprise size, deployment type, and end user. As per the report, the market's segmentation is as follows:
- By product type, the market is divided into Customer Relationship Management CRM Software, Sales Analytics Tools, Order Management Systems, E-Commerce Platforms, Email marketing Software.
- By enterprise size, the market is categorized into Small and Medium-sized Enterprises and Large Enterprises.
- Based on deployment type, the market is segmented into Cloud-based Solutions, On-premises Solutions, and Hybrid Solutions.
- Lastly, by end user, segments include Medical Device Manufacturers, Distributors and Wholesalers, Healthcare Providers, Pharmaceutical Companies, and Research and Development Institutions.
What Are The Regional Insights In The Medical Device Sales Software Market?
In 2024, North America was the largest region in the medical device sales software market. Asia-Pacific is expected to be the fastest-growing region during the forecast period. Other regions covered in this market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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