Rising prevalence of cyber-attacks on confidential data of patients, monetary transactions and other important personal details are key factor driving market revenue growth.
Market Size - USD 10.33 Billion in 2020, Market Growth - CAGR of 16.8%, Market Trends - Rising number of research and development projects for technological advancements, and product launches by major players.
The global healthcare cybersecurity market size is expected to reach USD 35.72 Billion in 2028, and register a CAGR of 16.8% during the forecast period. Increasing progress in healthcare industry such as IoT-powered systems, connected hospital elevators, connected medical devices, eHR (Electronic Health Record) technology, which is connected via Internet to patient records, lab results, and radiology equipment has proved to very useful for proper patient care as it facilitates data integration, patient engagement, and clinical support. This, coupled with rising vulnerability of cyber-attacks such as siphon off patient data, hijack drug infusion devices for mining crypto currency, or shut down entire hospital for a ransom are major factors expected to drive growth of the global healthcare cybersecurity market to a significant extent.
Healthcare cybersecurity include safeguarding information related to healthcare sector, and from ransomware attacks on hospitals, which could also include attacks on implanted medical devices.
Some Key Findings From the Report:
For the purpose of this report, the global healthcare cybersecurity market is segmented on the basis of threat, deployment, application, end use, and region:
Threat Type Outlook (Revenue, USD Billion; 2018 - 2028)
Deployment Outlook (Revenue, USD Billion; 2018 - 2028)
Application Outlook (Revenue, USD Billion; 2018 - 2028)
End Use Outlook (Revenue, USD Billion; 2018 - 2028)
Region Outlook (Revenue, USD Billion; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 10.33 Billion in 2020, Market Growth - CAGR of 16.8%, Market Trends - Rising number of research and development projects for technological advancements, and product launches by major players.
The global healthcare cybersecurity market size is expected to reach USD 35.72 Billion in 2028, and register a CAGR of 16.8% during the forecast period. Increasing progress in healthcare industry such as IoT-powered systems, connected hospital elevators, connected medical devices, eHR (Electronic Health Record) technology, which is connected via Internet to patient records, lab results, and radiology equipment has proved to very useful for proper patient care as it facilitates data integration, patient engagement, and clinical support. This, coupled with rising vulnerability of cyber-attacks such as siphon off patient data, hijack drug infusion devices for mining crypto currency, or shut down entire hospital for a ransom are major factors expected to drive growth of the global healthcare cybersecurity market to a significant extent.
Healthcare cybersecurity include safeguarding information related to healthcare sector, and from ransomware attacks on hospitals, which could also include attacks on implanted medical devices.
Some Key Findings From the Report:
- Among the threat type segments, the ransomware segment accounted for the largest revenue share of 40.8% in 2020. This is because malware & ransomware are commonly used by cyber criminals to shut down a device, server, or entire network, and in most of such cases, these criminals demand ransom to rectify encryption.
- The Asia Pacific market size was USD 2.86 Billion in 2020, due to increasing number of footfalls in hospitals, particularly due to COVID-19, and growing threat of cyber-attacks during lockdown.
- Key players profiled in the report include IBM Corporation, Cisco Systems, Inc., Booz Allen Hamilton Inc., Symantec Corporation, Intel Security Group (McAfee), Trend Micro Inc., Computer Sciences Corporation, CA, Inc., Lockheed Martin Corporation and Northrop Grumman Corporation. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global healthcare cybersecurity market is segmented on the basis of threat, deployment, application, end use, and region:
Threat Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Ransomware
- Malware and Spyware
- Distributed Denial of Service (DDOS)
- Phishing and Spear Phishing
- Others
Deployment Outlook (Revenue, USD Billion; 2018 - 2028)
- On-Premise
- Cloud Based
Application Outlook (Revenue, USD Billion; 2018 - 2028)
- Application Security
- Network Security
- Device Security
- Endpoint Security
- Others
End Use Outlook (Revenue, USD Billion; 2018 - 2028)
- Medical Devices
- Health Insurance
- Hospitals
- Others
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Healthcare Cybersecurity Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Healthcare Cybersecurity Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Global Healthcare Cybersecurity Segmentation & Impact Analysis
Chapter 5. Global Healthcare Cybersecurity Market by Product Type Insights & Trends
Chapter 6. Global Healthcare Cybersecurity Market By Application Type Insights & Trends
Chapter 7. Global Healthcare Cybersecurity Market By Deployment Type Insights & Trends
Chapter 8. Global Healthcare Cybersecurity Market By End Use Insights & Trends
Chapter 9. Global Healthcare Cybersecurity Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- IBM Corporation
- Cisco Systems Inc.
- Booz Allen Hamilton Inc.
- Symantec Corporation
- Intel Security Group (McAfee)
- Trend Micro Inc.
- Computer Sciences Corporation
- CA Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation.
