Healthcare Cybersecurity Market Scope
Growing cases of hacking and other forms of cybercrimes have augmented the requirement for cybersecurity in the healthcare sector. This will help to boost global healthcare cybersecurity market in the forecasted period. Increasing implementation of digital medical record systems as well as connected medical devices need for enhanced data security solutions is increasing. Furthermore, the rising instances of theft of the intellectual properties, revealing of the business secrets, patent breach, and loss of the social security are some other factors that are growing the popularity of the global healthcare cybersecurity market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North Amercia |
Unit | Value (USD Million) |
Key Companies Profiled | Cisco Systems, Inc. (United States), FireEye, Inc. (United States), IBM Corporation (United States), Kaspersky Lab (Russia), Lockheed Martin Corporation (United States), MacAfee, Inc. (United States), Northrop Grumma Corporation (United States), Palo Alto Networks, Inc. (United States), Sensato (United States) and Symantec Corporation (United States) |
CAGR | 15.6% |
"According to AMA, the Global Healthcare Cybersecurity market is expected to see growth rate of 15.6% and may see market size of USD14640.97 Million by 2030."The Players having a strong hold in the market are Cisco Systems, FireEye, IBM Corporation, Kaspersky Lab, and Lockheed Martin Corporation. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Healthcare Cybersecurity market throughout the predicted period.
Cisco Systems, Inc. (United States), FireEye, Inc. (United States), IBM Corporation (United States), Kaspersky Lab (Russia), Lockheed Martin Corporation (United States), MacAfee, Inc. (United States), Northrop Grumma Corporation (United States), Palo Alto Networks, Inc. (United States), Sensato (United States) and Symantec Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are TREND MICRO (Japan).
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 the total available market.
Segmentation Overview
The study have segmented the market of Global Healthcare Cybersecurity market by Type and Region with country level break-up.
On the basis of geography, the market of Healthcare Cybersecurity 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). North Amercia region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In February 2022 ,Forescout Technologies, the leader in Active Defense for the Enterprise of Things, today announced its acquisition of CyberMDX, a leading healthcare cybersecurity provider delivering visibility and threat prevention for medical devices and clinical networks. The acquisition further strengthens Forescout’s position as the industry leader in out-of-the-box support for the broadest set of connected device types across IT, IoT, OT and IoMT devices.
In February 2018, Cisco, Apple, Aon and Allianz has launched a new cyber risk management solution for businesses, comprised of cyber resilience evaluation services from Aon, the most secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from Allianz.
On 27th November 2018, Lockheed Martin has announced a 1.5 million dollars contribution to the University Of Central Florida (UCF) for the development of a new cyber innovation lab that will foster the next generation of cyber talent.
Influencing Trend:
High Adoption of Rising in Demand for Cloud Services and Emergence of Supportive Government Regulations to Protect Information from Data Breaches
Market Growth Drivers:
Growing Demand of Mobile Device Applications and Platforms and Rising Need for Strong Authentication Methods
Challenges:
Complexities in Integrating Healthcare Cybersecurity Systems with Existing Systems
Restraints:
Lack of Trained Professionals Associated With Healthcare Cyber Security and Minimal Awareness Regarding Cyber Crime
Opportunities:
Upsurging Healthcare IT Infrastructure from Emerging Economies
Key Target Audience
Cybersecurity Solutions Providers, Industry Associations Associated With Healthcare Cybersecurity, Government Regulatory Bodies, Government and Private Research Organizations and Others