Healthcare Cyber Security Market Size Expected to Reach US$ 38.1 Billion by 2028 | Industry Growth Rate (CAGR) 16.6%
The latest report published by IMARC Group, titled “Healthcare Cyber Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Overview:
The global healthcare cyber security market size reached US$ 14.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.1 Billion by 2028, exhibiting a growth rate (CAGR) of 16.6% during 2023-2028.
Healthcare cyber security refers to the protection of electronic information and assets of healthcare facilities from unauthorized usage and disclosure. It comprises a wide variety of elements, such as cloud, perimeter, network, endpoint, application, and data security. It protects various sensitive information associated with patients, such as the medical records of patients, payment information, and social security numbers, from cybersecurity breaches. It also helps various healthcare institutions stay compliant with different regulations and laws and avoid penalties. Healthcare cyber security is essential for maintaining operational continuity by preventing cyber-attacks on their systems and safeguarding various healthcare research data from malware and ransomware attacks.
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Healthcare Cyber Security Market Trends and Drivers:
At present, the increasing demand for healthcare cyber security due to the rising utilization of connected medical devices and digital medical record systems represents one of the primary factors supporting the market growth.
Besides this, the growing number of cybersecurity attacks on systems of healthcare institutions to steal various confidential information and patient data is offering a favorable market outlook. In addition, the increasing employment of the internet of things (IoT) solutions in various aspects of operation management in healthcare facilities is propelling the growth of the market.
Apart from this, the rising construction of various healthcare facilities, such as hospitals, nursing homes, and clinics, around the world to provide advanced and accurate treatment to patients is bolstering the growth of the market.
Global Healthcare Cyber Security Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Healthcare Cyber Security Companies:
AO Kaspersky Lab, Broadcom Inc., Cisco Systems Inc., Claroty, CyberMDX, Cynerio, FireEye, Forcepoint, International Business Machines Corporation, McAfee Corp., Palo Alto Networks Inc. and Trend Micro Incorporated.
The report has segmented the market on the basis of region, type of threat, type of solution and end user.
Breakup by Type of Threat:
• Malware
• Distributed Denial of Service (DDoS)
• Advanced Persistent Threats (APT)
• Spyware
• Others
Breakup by Type of Solution:
• Identity and Access Management
• Risk and Compliance Management
• Antivirus and Antimalware
• DDoS Mitigation
• Security Information and Event Management
• Intrusion Detection System and Intrusion Prevention System
• Others
Breakup by End User:
• Pharma and Chemicals
• Medical Devices
• Health Insurance
• Hospitals
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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