Medical Device Security Market Driven by increasing instances of healthcare cyberattacks and threats, growth in geriatric population and subsequent growth in chronic disease management, government regulations and need for compliance, growing demand for connected medical devices.
The global medical device security market is projected to reach USD 6.59 Billion by 2023 from 4.36 Billion in 2018, at a CAGR of 8.6%. Geographically, medical device security market is segmented into North America, Europe, Asia Pacific, the Rest of Latin America, and the Middle East & Africa. In 2018, North America expected to account for largest share of market followed by Europe.
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Study estimates medical device security market size for 2018 and projects its demand till 2023. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report.
Report studies the medical device security market based on component, type, device type, security type, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It analyzes opportunities and challenges in the market for stakeholders and provides in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Medical Device Security Market, By Device Type
2 Hospital Medical Devices
3 Wearable and External Medical Devices
4 Internally Embedded Medical Devices
Medical Device Security Market, By End User
2 Healthcare Providers
3 Medical Device Manufacturers
4 Healthcare Payers
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Prominent players in the global medical device security market include Cisco Systems (US), IBM (US), GE Healthcare (US), Symantec (US), CA Technologies (US), Philips (Netherlands), DXC Technology (US), CloudPassage (US), FireEye (US), Check Point Software Technologies (Israel), Sophos (UK), Imperva (US), Fortinet (US), Palo Alto Networks (US), ClearDATA (US), and Zscaler (US).
Asia Pacific is expected to register the highest CAGR during the forecast period mainly due to the increasing adoption of connected medical devices, improving healthcare infrastructure, increasing awareness about security of patient health information (PHI), and growing awareness about medical device security solutions due to the increasing number of cyber attacks in the healthcare organizations.
Breakdown of supply-side primary interviews: by company type, designation, and region:
- By Company Type – Tier 1 – 22%, Tier 2 – 53% and Tier 3 – 25%
- By Designation – C-level – 45%, Director-level – 30%, Others –25%
- By Region – North America – 55%, Europe – 25%, APAC – 10%, Latin America – 5%, Middle East and Africa- 5%
Avail Discount on “Medical Device Security Market by Solution (Encryption, Antivirus, Identity & Acess Management), Services (Professional, Managed), Type (Network Security, Endpoint Security), Device Type, End User (Healthcare Provider) – Global Forecast to 2023” report at http://www.reportsnreports.com/contacts/discount.aspx?name=1516301 .
Key Benefits of Buying the Report:
North America is expected to command medical device security market largest share of the market in 2018 primarily driven by increasing instances of cyberattacks on medical devices, growing adoption of connected medical devices, increasing awareness among healthcare professionals regarding cybersecurity, and government initiatives to implement security solutions are driving the medical device security market in the region. Asia Pacific is expected to grow at the highest CAGR during the forecast period.
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