The medical
device security market size is expected to reach USD 16.36 billion by 2030
at 13.40% CAGR during the forecast period 2023 to 2030. The rapid
technological progress in the healthcare sector have stimulated the advancement
of the medical devices framework.
The medical devices are vulnerable to
attacks which pose a great threat to the sensitive data stored in the
healthcare center’s database as well as to the personal information of the
patients. The increasing number of cybercrimes in the past years have further
amplified the security concerns. For the healthcare firms, medical device
security is increasingly becoming a greater concern attributing to the
ransomware intruders who use vulnerable medical devices to plan and execute
their attack operations. The attackers mostly use medical devices in order to
obtain access to the business network to deploy ransomware or steal data.
Contributing to the above trend, the global
medical device security market is anticipated to generate a consistently rising
demand for the medical device security services over the long term.
Key Players
The key players in the global medical
device security include names like CA Technologies (the U.S.), IBM (the
U.S.), GE Healthcare (the U.S.), Cisco Systems (the U.S.), Fortinet (the
U.S.), CloudPassage (the U.S.), DXC Technology (the U.S.), Check Point Software
Technologies (Israel), Sophos (the U.K.), ClearDATA (the U.S.). Philips
(Netherlands), Palo Alto Networks (the U.S.), Imperva (the U.S.), FireEye (the
U.S.), Symantec (the U.S.), and others.
Segmental Analysis
The worldwide medical
device security market insights segmentation is done based on component,
type and end-user.
By component, the market is segmented into
solutions and services. Majority of the market share is held by the solutions
segment. The solutions section is further segmented into risk & compliance
management, antivirus/ antimalware solutions, encryption solutions, distributed
denial of service solutions, identity & access management solutions,
disaster recovery solutions, intrusion detection system/ intrusion prevention
systems, data loss prevention solutions, and others. The services section is segmented
into professional services and managed security services. Additionally, the
professional services segment is narrowed down to consulting services, design
& integration, support & maintenance and training & education.
As per type, the market is segmented into
network security, cloud security, application security, endpoint security, and
others. The endpoint security section holds most of the market share in this
segmentation type.
As per end-user, the market is segmented
into healthcare providers, healthcare players and medical
device manufacturers. The healthcare providers segment leads the global
medical device security market.
Regional Analysis
Geographically, the global medical device
security market is segmented into four key areas, namely the Americas, Asia
Pacific, Europe, and the Middle East and Africa.
The Americas have the highest share
percentage in the worldwide medical device security market. It is because of
the existence of several key players that are offering the healthcare industry
with advanced security services, higher threat of cyber-attacks, adoption of
Internet of Things (IoT), and rapid implementation in this region.
Subsequently, the European nations hold the
second largest market share of medical device security globally. The growth can
be credited to the surge in the incidents of cybercrime, continuous research
and development activities done for the implementation of security solutions
with high efficacy in the healthcare business and the application of
cutting-edge connected medical devices.
The Asia Pacific nations are anticipated to
trigger the fastest growth in the global medical device security market. The
increasing usage of connected medical devices, the growing concern related with
data security in the healthcare sector of the developing countries and the
executing the day to day operations with the help of IoT, are remarkably
contributing towards the global medical device security market’s affluent
growth trajectory.
The Middle East and African regions are
predicted to develop at a slow but steady pace as compared to the other regions
in the global medical device security market. This is because of the absence of
advancing technologies in the healthcare business of the underdeveloped areas
in this region.
About US:
Market Research Future (MRFR), enable customers to
unravel the complexity of various industries through Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),
Continuous-Feed Research (CFR), and Market Research & Consulting Services.
The Wall