Global Healthcare Cyber Security Market

Global Healthcare Cyber Security Market by Types (Application Security, Wireless Security, Cloud Security, Network Security, Content Security, Endpoint Security, Device Security, and Other), Solutions (Antivirus & Antimalware, DDoS Mitigation, Identity & Access Management, Intrusion Detection System/ Intrusion Prevention System, Risk & Compliance Management, Security Information & Event Management, and Others), Threat Types (Distributed Denial of Service (DDoS), Malware & Spyware, Phishing & spear phishing, Ransomware, Lost or Stolen Devices, and Others), Deployments (Cloud-based and On-premises), End-users (Biotechnology Industry, Health Insurance Companies, Hospitals, Medical Devices Companies, Pharmaceutical Industry, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: ICT-SE-3089
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 207
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The global healthcare cyber security market is anticipated to expand at a substantial CAGR during the forecast period, between 2021 and 2028. Healthcare organizations face numerous cyberattacks threats, and hospitals are spending a lot of money to prepare firewalls and protect their patients' data. Healthcare cybersecurity firms provide cyber security solutions and services to healthcare organizations in order to protect their patient data, prevent medical fraud, and avoid ata breaches and cyber-attacks. The practice of ensuring the integrity, confidentiality, and availability of data is known as cybersecurity, also known as information security. Cybersecurity is a risk management software, strategy, and technologies designed to safeguard devices, networks, healthcare data, and programs against digital attacks, data theft, and unauthorized access.

Global Healthcare Cyber Security Market

Market Trends, Drivers, Restraints, and Opportunities:

  • Growing instances of healthcare cyberattacks in both developing and developed economies drive the market growth.
  • High adoption of advanced cyber security solutions, as well as an increase in the adaptation of smartphones and connected devices, are estimated to boost the growth.
  • The implementation of supportive government acts and regulations to protect patient information from data breaches will accelerate market growth.
  • Increased demand for cloud-based services and technological developments in cyber security software are expected to drive market growth.
  • Excessive cost of healthcare cyber safety solutions is anticipated to hinder the market growth.
  • Lack of understanding about healthcare cybersecurity and shortage of trained professionals to operate cyber security solutions are anticipated to impede the market expansion.
  • The introduction of new technologies is estimated to create lucrative opportunities for the future growth.

Scope of the report:

The report on the healthcare cyber security market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Healthcare Cyber Security Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (Application Security, Wireless Security, Cloud Security, Network Security, Content Security, Endpoint Security, Device Security, and Other), Solutions (Antivirus & Antimalware, DDoS Mitigation, Identity & Access Management, Intrusion Detection System/ Intrusion Prevention System, Risk & Compliance Management, Security Information & Event Management, and Others), Threat Types (Distributed Denial of Service (DDoS), Malware & Spyware, Phishing & spear phishing, Ransomware, Lost or Stolen Devices, and Others), Deployments (Cloud-based and On-premises), End-users (Biotechnology Industry, Health Insurance Companies, Hospitals, Medical Devices Companies, Pharmaceutical Industry, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Healthcare Cyber Security Market Segment Insights:

Network security segment is projected to hold significant market share

Based on types, the healthcare cyber security market can be segmented into application security, wireless security, cloud security, network security, content security, endpoint security, device security, and other. The network security segment is projected to hold significant market share due to rising privacy concerns and virus protection, increased awareness about the accessibility of technologically progressive cybersecurity solutions that provide network security, unauthorised access. Furthermore, the growing number of APTs, malware, DDoS, ransomware, and phishing attacks raises the demand for healthcare cybersecurity, promoting the segment growth.

Global Healthcare Cyber Security Market

Antivirus & antimalware segment is anticipated to account for a substantial share

On the basis of solutions, the market can be fragmented into antivirus & antimalware, DDoS mitigation, identity & access management, intrusion detection system/ intrusion prevention system, risk & compliance management, security information & event management, and others. The antivirus & antimalware segment is anticipated to account for a substantial share owing to increase in the number of malware attacks.

Ransomware segment to expand at a robust pace during the forecast period

In terms of threat types, the healthcare cyber security market can be segregated into distributed denial of service (DDoS), malware & spyware, phishing & spear phishing, ransomware, lost or stolen devices, and others. The ransomware segment is estimated tob expand at a robust pace during the forecast period due to the increasing number of data breaches caused by malicious software. Ransomware is preferred among hackers as it encrypts valuable data and allows unauthorized users to access it.

Global Healthcare Cyber Security Market

Cloud-based segment to register a substantial growth rate in the coming years 

Based on deployments, the market can be bifurcated into cloud-based and on-premises.  The cloud-based segment is expected register a substantial growth rate in the coming years due to massive increase in healthcare data breaches and increasing demand for cloud-based security solutions in the healthcare sector as it improves efficiency and reduce data management costs. Furthermore, the increasing use of IoT devices and the increasing use of cloud-based security services for storage are some of the major factors boost the segment market share. Furthermore, rising government initiatives to secure digital healthcare services is estimated to drive the segment growth.

Hospitals segment to expand at a high CAGR during the forecast period

On the basis of end-users, the healthcare cyber security market can be divided into biotechnology industry, health insurance companies, hospitals, medical devices companies, pharmaceutical industry, and others. The hospitals segment is anticipated to expand at a high CAGR during the forecast period owing to increasing cyberattacks in hospitals, as they store large amounts of patient data, and these attacks increased during the pandemic, putting private data and patient care at risk. Furthermore, rising awareness of electronic health records (EHR) combined with rising acceptance of advanced technologies in hospitals such as 5G technology, IoT cloud computing are driving the segment growth.

Global Healthcare Cyber Security Market

North America is expected to dominate the market

In terms of regions, the market can be categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market owing to the presence of well-developed healthcare facilities and growing introduction of innovative security services in the healthcare sector to protect patient data Furthermore, rising data breach cases in this region as well as the presence of well-established key leaders, are expected to boost market revenue in the coming years.

Global Healthcare Cyber Security Market

Segments

By Types

  • Application Security
  • Wireless Security
  • Cloud Security
  • Network Security
  • Content Security
  • Endpoint Security
  • Device Security
  • Other

By Solutions

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

By Threat Types

  • Distributed Denial of Service (DDoS)
  • Malware & Spyware
  • Phishing & spear phishing
  • Ransomware
  • Lost or Stolen Devices
  • Others

By Deployments

  • Cloud-based
  • On-premises

By End-users

  • Biotechnology Industry
  • Health Insurance Companies
  • Hospitals
  • Medical Devices Companies
  • Pharmaceutical Industry
  • Other

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Competitive Landscape

Key players in the healthcare cyber security market are Cisco Systems.; McAfee; IBM; Medigate; Broadcom; FireEye, Inc; Palo Alto Networks; Imperva; Fortified Health Security; Trend Micro Incorporated; and Atos SE. These players are constantly engaged in various business development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Healthcare Cyber Security Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Healthcare Cyber Security Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Healthcare Cyber Security Market - Supply Chain
  4.5. Global Healthcare Cyber Security Market Forecast
     4.5.1. Healthcare Cyber Security Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Healthcare Cyber Security Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Healthcare Cyber Security Market Absolute $ Opportunity
5. Global Healthcare Cyber Security Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Healthcare Cyber Security Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Healthcare Cyber Security Demand Share Forecast, 2019-2026
6. North America Healthcare Cyber Security Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Healthcare Cyber Security Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Healthcare Cyber Security Demand Share Forecast, 2019-2026
7. Latin America Healthcare Cyber Security Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Healthcare Cyber Security Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Healthcare Cyber Security Demand Share Forecast, 2019-2026
8. Europe Healthcare Cyber Security Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Healthcare Cyber Security Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Healthcare Cyber Security Demand Share Forecast, 2019-2026
9. Asia Pacific Healthcare Cyber Security Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Healthcare Cyber Security Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Healthcare Cyber Security Demand Share Forecast, 2019-2026
10. Middle East & Africa Healthcare Cyber Security Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Healthcare Cyber Security Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Healthcare Cyber Security Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Healthcare Cyber Security Market: Market Share Analysis
  11.2. Healthcare Cyber Security Distributors and Customers
  11.3. Healthcare Cyber Security Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

By Types

  • Application Security
  • Wireless Security
  • Cloud Security
  • Network Security
  • Content Security
  • Endpoint Security
  • Device Security
  • Other

By Solutions

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

By Threat Types

  • Distributed Denial of Service (DDoS)
  • Malware & Spyware
  • Phishing & spear phishing
  • Ransomware
  • Lost or Stolen Devices
  • Others

By Deployments

  • Cloud-based
  • On-premises

By End-users

  • Biotechnology Industry
  • Health Insurance Companies
  • Hospitals
  • Medical Devices Companies
  • Pharmaceutical Industry
  • Other

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players in the healthcare cyber security market are Cisco Systems.; McAfee; IBM; Medigate; Broadcom; FireEye, Inc; Palo Alto Networks; Imperva; Fortified Health Security; Trend Micro Incorporated; and Atos SE. These players are constantly engaged in various business development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

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