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US Healthcare Cybersecurity Growth Opportunities

  • Report

  • 57 Pages
  • October 2021
  • Region: United States
  • Frost & Sullivan
  • ID: 5470994

Increased Adoption by End Users and a Growing Number of New Entrants Catalyzing Transformational Growth

The research service will provide an overview of the US healthcare cybersecurity market from 2021 to 2026. Healthcare cybersecurity includes those systems, applications, and IT-enabled services that assess third-party vendor risks, safeguard data networks, privatize cloud-based access management, and ensure the state-of-the-art security of all IT systems, medical devices, and IoT-based sensors connected through centralized wireframes.

The report provides a detailed segment analysis of the healthcare cybersecurity market. It covers industry challenges and various promising technologies, vendors, business models, and growth opportunities that are expected to influence the market dynamics during the study period. The market forecast for this study will involve an application-wise regional breakdown for the United States healthcare cybersecurity market.

Evidence of security breaches across the United States suggests that most healthcare stakeholders are still unable to prevent external or internal cyberattacks that have the potential to cause critical systems and devices involved in day-to-day clinical, financial, and operational decisions to malfunction. The situation has been exacerbated by the fact that the Covid-19 pandemic has strained the healthcare industry’s budget allocation towards progressive cybersecurity solutions, with the money now being used for short-term emergency services.

Enterprise-grade security solutions that enable safe access, aggregation, identification, and coordination of health information across the care continuum through multi-factor authentication in the cloud or on-premise infrastructure have become must-haves for all organizations. Cybersecurity solutions for advanced medical devices and IoT enablers is an emerging area that is disrupting the manner in which traditional cyber security vendors have operated in this space.

The healthcare cyber security market needs 24/7 surveillance to visually analyze threats, vulnerabilities, and breaches in a defined connected care framework. As a result, a transformative business model centered on security-management-as-a-service (SMaaS) has emerged. SMaaS embraces both platform-grade security solutions and specialized cybersecurity features, resulting in an ecosystem-based marketplace approach that allows health systems to customize contracts. The report identifies growth opportunities for stakeholders in the market and underlines the characteristics of best-in-class vendors that ensure success.


Table of Contents

1. Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top Three Strategic Imperatives on the US Healthcare Cybersecurity Market
  • Growth Opportunities Fuel the Growth Pipeline Engine™

2. Growth Environment

3. Growth Opportunity Analysis - US Healthcare Cybersecurity Market

  • Scope of Analysis
  • Market Segmentation - Healthcare Cybersecurity
  • Key Growth Metrics for US Healthcare Cybersecurity Market
  • Growth Drivers for US Healthcare Cybersecurity Market
  • Growth Restraints for US Healthcare Cybersecurity Market

4. Market Overview

  • Introduction to Healthcare Cybersecurity and Data Management Architecture
  • Industry Challenge
  • Types of Security Threats and Their Impact on Healthcare
  • Security Threat Agents and Their Targets in Healthcare
  • Attacks on Network Servers on the Rise to Disable Infrastructure Security Across Payers, Providers, and Vendors
  • Expanding Network Security Landscape Making Matters Worse for IT Analysts, Consultants, and Managed Service Providers
  • Medical Device and IoMT Systems Remain Highly Vulnerable
  • Modern Security Information & Event Management Approach Best Way Forward as It Automates Security Assessment and Proactive Intervention
  • Growth Opportunity Diagnostic - Infrastructure and Network Security
  • Growth Opportunity Diagnostic - Cloud Security
  • Growth Opportunity Diagnostic - IoT and Device Security
  • Growth Opportunity Diagnostic - Application Security
  • Forecast Assumptions - US Healthcare Cybersecurity Market
  • Revenue Forecast - US Healthcare Cybersecurity Market
  • Revenue Forecast by Industry Vertical
  • Revenue Forecast Analysis - US Healthcare Cybersecurity Market
  • Competitive Environment - US Healthcare Cybersecurity Market
  • Key Competitors for the US Healthcare Cybersecurity Market by Application Areas, 2021

5. Growth Opportunity Analysis - Healthcare Providers in the United States

  • Key Growth Metrics for US Healthcare Providers
  • Revenue Forecast - US Healthcare Provider Cybersecurity Market
  • Forecast Analysis - Healthcare Providers in the United States

6. Growth Opportunity Analysis - Healthcare Payers in the United States

  • Key Growth Metrics for US Healthcare Payers
  • Revenue Forecast - US Healthcare Payer Cybersecurity Market
  • Forecast Analysis - Healthcare Payers in the United States

7. Growth Opportunity Universe - US Healthcare Cybersecurity Market

  • Growth Opportunity 1: Adopt Cognitive Unified Endpoint Management (UEM) to Identify and Resolve Root Causes of Cyberattacks
  • Growth Opportunity 2: Secure Cloud Compatibility of All API Enforcements to Ensure Seamless Digital Transformation
  • Growth Opportunity 3: Store On-device and IoMT Generated Data on a Dedicated Data Lake to Optimize Protection
  • List of Exhibits
  • Legal Disclaimer