Healthcare Cybersecurity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

The global healthcare cybersecurity market is witnessing remarkable growth, with an estimated revenue of US$13 billion in 2022, poised to exhibit a 3.6x expansion by the end of 2027, according to the upcoming study by the analyst. The market is projected to witness more than 15% worldwide adoption during this forecast period. The surge in remote healthcare monitoring and growing reliance on next-gen technologies like automation and the Internet of Things (IoT) for electronic health record (EHR) maintenance are key factors driving the market's growth. Medical facilities are increasingly realizing the critical importance of cybersecurity measures to protect hospital administration from data thefts, creating opportunities for revenue generation in the global market.

Pandemic Booster Fuels Market Growth

The COVID-19 pandemic has significantly impacted various industries, including healthcare, leading to a surge in the use of mobile healthcare services. This has also raised concerns about patients falling prey to medical scams. As healthcare IT systems experience increased load, the need for effective cybersecurity has become a top priority for healthcare facilities. Rising national healthcare budget allocations and increased health IT budgets indicate a natural rise in the risk of healthcare cyber thefts, further contributing to the growth of the healthcare cybersecurity market.

Organizations Seek Effective Solutions to Mitigate Cyberattacks

A growing number of medical facilities and healthcare organizations are adopting cybersecurity solutions and services to protect medical devices, prevent malware infection, and conduct penetration testing. Companies in the healthcare industry are investing in efficient and trained staff as a crucial step in preventing cybercrime, leading to a promising growth outlook for the market. Increasingly, public health systems and healthcare facilities are also considering online Web Application Fireball (WAF), Content Delivery Network (CDN), and coaching services to bolster their cybersecurity defenses.

Asia Pacific Presents Exceptional Opportunistic Potential

While North America currently leads in terms of revenue contribution to the healthcare cybersecurity market, Asia Pacific is projected as the most lucrative market for cybersecurity solution providers. The region's growing technological advancements and increasing adoption of healthcare IT drive its attractiveness. Europe remains the second-largest market in the healthcare cybersecurity industry, with Asia Pacific expected to offer the maximum growth opportunities.

Key Players in the Healthcare Cybersecurity Market

The report will provide detailed financial and strategic analysis and profiling of leading players in the global healthcare cybersecurity market. Major companies to be profiled include Cisco Systems, Inc., IBM Corporation, McAfee Corporation, Sensato Cybersecurity Solutions, Lockheed Martin Corporation, Symantec Corporation, AO Kaspersky Lab, FireEye, Northrop Grumman, and Palo Alto Networks.