The new report by Expert Market Research titled, ‘Global Healthcare Cyber Security Market Trends, Share, Growth, Analysis Report and Forecast 2023-2028’, gives an in-depth analysis of the healthcare cyber security market, assessing the market based on its segments like type, security type, and major regions among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 9395.86 million
- Forecast CAGR (2023-2028): 15.40%
- Forecast Market Size (2028): USD 22190.71 million
The widespread usage of digital services in the healthcare industry is what is driving the worldwide market for healthcare cyber security. This has led to a significant increase in cyber dangers including phishing scams, ransomware attacks, and other sorts of data breach attacks.
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Thus, the market expansion is being driven by the increasing usage of healthcare cyber security to stop healthcare fraud. Additionally, the number of linked devices in the healthcare industry has increased because of the Internet of Things’ (IoT) market penetration, this provides unethical hackers more opportunities to exercise frauds hence furthering the market growth of healthcare cyber security systems.
Healthcare Cyber Security Industry Definition and Major Segments
Healthcare cyber security aids in keeping electronic data and assets from being accessed and used without authorization in the healthcare sector like clinics and hospitals.
Additionally, they help to retain health records, lower the risk of medical mistakes, increase diagnostic accuracy, and safeguard patient privacy. As a result, hospitals, ambulatory services, and surgical centres all often utilise cyber security in healthcare.
Based on type, the market can be divided into:
• Service
• Solution
On the basis of security type, the market can be segmented into:
• Application Security
• Cloud Security
• Content Security
• Endpoint Security
• Network Security
• Wireless Security
• Others
The major regional markets of the healthcare cyber security market are:
• North America
• Asia Pacific
• Latin America
• Europe
• Middle East and Africa
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Healthcare Cyber Security Market Trends
The increasing government funding for the creation of cyber security solutions for the healthcare sector is expected to fuel growth in the global market for healthcare cyber security. Due to this, top industry players are constantly developing and updating cutting-edge solutions to reduce the risk of cyberattacks in hospitals, clinics, and other healthcare facilities, which is anticipated to fuel market expansion in the upcoming years.
Additionally, it is anticipated that the use of advanced security systems, including authentication options like two-factor and multi-factor authentication, biometric solutions like fingerprint scanners, and others, powered by advanced digital technologies like Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), will accelerate the market growth of healthcare cyber security.
Key Market Players
The major players in the market are:
- Cisco Systems, Inc.
- Fireeye, Inc.
- IBM Corporation
- Kaspersky LAB
- Macafee, Inc.
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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