Cyber Security in Healthcare Market Scope
As Healthcare Industry adopts and explores more and more use of computing and technology solutions in their field, more will they be facing computing challenges faced by existing IT firms. One of this Prime challenges faced by IT and technological firms is increasing incidents of Cyber-attacks. Modern Healthcare Industry too is prone to such massive influx of cyber threats. While, other industries catering technology face Cyber security challenges too, but the nature of such attacks faced by healthcare industry bring a unique dynamism. This challenges were in a spotlight recently due to existing pressure on healthcare department to deliver vaccines and to treat Covid Patients, but the spurge of cyber-attacks be it on Health insurance firms, Pharmaceutical firms manufacturing vaccines or hospital chains disrupted their working. With Industry Experts believing, the number of such cyber-attacks on healthcare industry will witness a boom in the coming years. This provides a unique challenge as well as an opportunity for cyber security firms operating in healthcare.
The Cyber Security in Healthcare market study is segmented and major geographies with country level break-up.
Kaspersky Labs Inc. (Russia), FireEye Inc. (United States), Cisco Systems, Inc. (United States), IBM Corporation (United States), Palo Alto Networks, Inc. (United States), McAfee Inc. (United States), Symantec (United States), Trend Micro Inc. (Japan), Battelle (United States), ClearDATA (United States), Clearwater Compliance (United States), CyberMaxx (United States) and CynergisTek (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Cyber Security in Healthcare market by Type, Application and Region.
On the basis of geography, the market of Cyber Security in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2020, WELL Health Technologies Corp., Canada based healthcare technology focused firm announced acquisition of Source 44 Consulting Inc., a cyber-security consultancy firm. The acquisition enhances cyber security in healthcare portfolio of Well Health and places it uniquely in market.
Market Trend
- Health Care Industry has Increased Adoption of Modern Computing Solutions Such as Cloud Based Applications and Tools like All Other Industries
- Large Number of Healthcare and Pharmaceutical Industries are Facing Ransom Ware and Spy Ware Attacks
Market Drivers
- Increasing Amount of Cyber-Attacks and Threats
- Increasing Incidents of Data Breaches
- Investments in Digitisation of Health Care and Pharmaceutical Industry has Increased
Opportunities
- Asia Pacific Region which has yet to explore the Use of Cyber Security Solutions Offers a Great Prospectus for Cyber Security Providers
- Certain National Governments are Framing Policies to Aid Healthcare Industry in safeguarding their Data
Restraints
- Less Awareness about Cyber Security and its Solutions
- Less Number of Cyber Security Professionals Working in Health Care Industry
Challenges
- High Initial Cost of Setup for IT Infrastructure and Relating Services to Safeguard One’s Data
Key Target Audience
Cyber Security Solution Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others