Global Healthcare Cybersecurity Market 2030 by Offering, Threat Type, Deployment Model, Security Type, End Use Industry and Region - Partner & Customer Ecosystem Competitive Index & Regional Footprints

The Healthcare Cybersecurity Market size is estimated to grow from USD 15.8 Billion in 2022 to reach USD 20.5 Billion by 2030, growing at a CAGR of 16.3% during the forecast period from 2023 to 2030.

Major players Healthcare Cybersecurity Market include: Cisco, IBM, FireEye, Symantec, Trend Micro, MacAfee, Intel, Kaspersky, Lockheed Martin, Northrop Grumman, Imperva Inc, Fortinet Inc, Medigate Ltd, Palo Alto Networks, CrowdStrike and Others.

The Growth of Healthcare Cybersecurity Market Driven by Increased Adoption of Disruptive Digital Technologies

Cybersecurity plays a crucial role in safeguarding sensitive information within the industry. It involves protecting data and systems from harmful malware and unauthorized tampering. Furthermore, the adoption of digital medical record systems and interconnected medical devices that facilitate automated data collection and improved patient care is driving the expansion of the market. Moreover, the incorporation of advanced technologies like the Internet of Things (IoT) and artificial intelligence (AI) into healthcare systems is creating new avenues for market growth. These technologies enhance security by identifying malicious activities through real-time updates of dynamic threat intelligence, securing networks, systems, and data. Additionally, the increasing demand for cloud-based security solutions in the healthcare sector is positively influencing the market by enhancing efficiency and reducing data management costs. The market outlook is promising due to other factors such as the implementation of government initiatives that promote widespread adoption of digital security solutions.

Enhancing Healthcare Cybersecurity with Multi-Factor Authentication

Implementing Multi-Factor Authentication (MFA) is a vital component of bolstering cybersecurity within the healthcare industry. MFA enhances the security of digital systems and sensitive patient data by requiring multiple forms of verification before granting access to authorized personnel. This additional layer of protection helps safeguard against unauthorized access, data breaches, and potential cyber threats. In healthcare, where patient privacy and data integrity are paramount, MFA plays a crucial role in preventing unauthorized individuals from gaining access to sensitive medical records, personal information, and critical healthcare infrastructure. By combining factors such as passwords, biometric data, and smartcards, MFA ensures that only authorized users with valid credentials can access and interact with healthcare systems, ultimately contributing to a safer and more secure healthcare environment.

North America Dominated the Healthcare Cybersecurity Market during the forecast period

In 2022, North America held the highest market share. The North American market is projected to experience substantial growth due to the concentration of prominent industry players in the region, who are dedicated to providing advanced solutions across various industries. In September 2021, the University of Minnesota introduced a new center aimed at ensuring the security of medical devices against cyberattacks. The formation of the Center for Medical Device Cybersecurity (CMDC) followed requests from organizations in the medical device manufacturing sector for a collaborative hub to enhance device security through discovery, outreach, and workforce training. CMDC is poised to foster collaborations among universities, industries, and government entities to develop novel education and training, technology advancements, and research efforts to mitigate potential risks to medical device cybersecurity. Furthermore, the heightened threat of cyberattacks has spurred a heightened interest in cybersecurity within the United States, with cybercriminals increasingly targeting vulnerable attack surfaces within the realm of the Internet of Things (IoT).

On the other hand, the Asia Pacific region, encompassing countries such as India, China, Japan, Malaysia, Singapore, and the rest of Asia Pacific, is poised to emerge as the swiftest-expanding sector within the Healthcare Cybersecurity market throughout the projected timeframe. The swift integration of technology into the healthcare sector, coupled with the escalating accumulation of patient data and the mounting imperative to safeguard this information, is set to drive the growth of the healthcare cybersecurity market within this region.

The Healthcare Cybersecurity Market research report provides an in-depth overview of the industry including market segmentation by Offering, Threat Type, Deployment Model, Security Type, End-use Industry and Region. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as new product launch, collaborations, expansions, investment analysis, mergers and acquisitions.

Healthcare Cybersecurity Market is segmented by region and further by countries, Offering, Threat Type, Deployment Model, Security Type, End-use Industry and Region. Players, stakeholders, and other participants in the global Healthcare Cybersecurity Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

Report further studies the market strategies of key players, recent development status, future plans and Healthcare Cybersecurity Market trends across the world. Also, it splits Healthcare Cybersecurity Market Segmentation by material, end-user and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

By Offering

• Solutions
• Identity and Access Management (IAM)
• Antivirus/Antimalware
• Log Management & Security Information and Event Management (SIEM)
• Firewall
• Encryption and Tokenization
• Compliance and Policy Management
• Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
• Others
• Services
• Professional Services
• Managed Services

By Threat Type

• Phishing
• Ransomware
• Malware
• DDoS
• APT
• Others

By Deployment Model

• On-premises
• Cloud-based

By Security Type

• Network Security
• Cloud Security
• Application Security
• Endpoint & IoT Security

By End Use Industry

• Hospitals & Healthcare Facilities
• Medical Device Manufacturers
• Pharmaceuticals & Biotechnology
• Health Insurance Providers & Payers
• Telehealth & Digital Health Providers
• Government Healthcare Agencies

By Region

• North America
• US
• Canada
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia Pacific
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Reason to Purchase this Healthcare Cybersecurity Market Report:

• Determine prospective investment areas based on a detailed trend analysis of the global Healthcare Cybersecurity Market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different and Healthcare Cybersecurity Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global Healthcare Cybersecurity Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Healthcare Cybersecurity Market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Healthcare Cybersecurity Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

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