Healthcare Cyber Security Market Size 2022 | Industry Report, Trends and Forecast to 2027

The latest research study “Healthcare Cyber Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global healthcare cyber security market size reached a value of US$ 12.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 32.84 Billion by 2027 exhibiting a CAGR of 17.10% during 2022-2027.

Healthcare cyber security is an advanced security system designed to protect electronic information, techniques, tools, and assets from unauthorized access or usage. It provides various types of solutions, such as identity and access management, risk and compliance management, antivirus and antimalware protection, DDoS mitigation, etc. Healthcare cyber security enables healthcare providers to safeguard sensitive hospital and patient information that is vulnerable to security threats, including cyber-attacks, data breaches, and illegal access control of medical equipment. It also improves patient privacy protection, reduces the risk of medical errors, increases diagnostic accuracy, and more. Consequently, healthcare cyber security finds widespread application in hospitals, ambulatory services, medical health device companies, etc., across the globe.

Healthcare Cyber Security Market Trends and Drivers:

The rising incidences of cyber-attacks and threats in the healthcare industry are primarily driving the healthcare cyber security market. Additionally, the growing adoption of digital medical record systems and connected medical devices to facilitate automated collection of records and improve patient care is further augmenting the market growth.

Besides this, the expanding integration of advanced technologies, such as Artificial Intelligence (AI) and Internet of Things (IoT), to protect data, networks, and systems by recognizing malicious activities with real-time dynamic threat intelligence is acting as another significant growth-inducing factor.

Apart from this, the inflating demand for cloud-based security solutions in the healthcare industry to reduce data management costs and improve efficiency is anticipated to catalyze the healthcare cyber security market over the forecasted period.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Healthcare Cyber Security Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AO Kaspersky Lab, Broadcom Inc., Cisco Systems Inc., Claroty, CyberMDX, Cynerio, FireEye, Forcepoint, International Business Machines Corporation, McAfee Corp., Palo Alto Networks Inc. and Trend Micro Incorporated.

The report has segmented the market on the basis of region, type of threat, type of solution and end user.

Breakup by Type of Threat:

• Malware
• Distributed Denial of Service (DDoS)
• Advanced Persistent Threats (APT)
• Spyware
• Others
   

Breakup by Type of Solution:

• Identity and Access Management
• Risk and Compliance Management
• Antivirus and Antimalware
• DDoS Mitigation
• Security Information and Event Management
• Intrusion Detection System and Intrusion Prevention System
• Others
   

Breakup by End User:

• Pharma and Chemicals
• Medical Devices
• Health Insurance
• Hospitals
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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