Medical Device Security Market Research States developments in the healthcare sector have catalyzed the deployment of medical facilities systems. These devices are prone to hacking and pose a threat to the critical data related to healthcare centers and the privacy of the patients.
Medical Device Security Market Is Set to Expand at A CAGR Of 8.8% During The Forecast Period 2018 To 2023. valuation of the global market is estimated to witness a growth of USD 221 Mn over the review period
The advancements in the cloud-based technology are prognosticated to expedite the momentum of market growth by motivating large-scale adoption of the security services across the healthcare sector.
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Some of the key players operating in the global medical device security market are,
- Cisco Systems
- GE Healthcare
- CA Technologies
- DXC Technology
- Palo Alto Networks
- Check Point Software Technologies
The developments in the healthcare sector have catalyzed the deployment of medical facilities systems. These devices are prone to hacking and pose a threat to the critical data related to healthcare centers and the privacy of the patients. Additionally, the rising cases of cyber-attacks have further intensified the security concern in the recent times. This trend is expected to create demand for medical device security solutions over the next couple of years.
Global Medical Device Security Market has been segmented on the basis of component, type and end user.
Based on component, the medical device security market has been segmented into solutions and services. The solutions segment has been sub-segmented into identity & access management solutions, antivirus/ antimalware solutions, encryption solutions, data loss prevention solutions, risk & compliance management, intrusion detection system/ intrusion prevention systems, disaster recovery solutions, distributed denial of service solutions and others. The professional services sub-segment includes consulting services, training & education, support & maintenance and design & integration.
Based on type, the medical device security market has been segmented into network security, endpoint security, application security, cloud security and others. The endpoint security segment commands for the lion’s share in the global medical device security market.
Based on end user, the medical device security market has been segmented into healthcare providers, medical device manufacturers and healthcare players. the healthcare providers segment commands for a dominant share in the global medical device security market.
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Feb 13th, 2019, a global leader in healthcare IoT research, Zingbox, was named in the Constellation ShortList™ for Medical Device Security in Quarter 1 of 2019.
Geographically, the global medical device security market has been segmented into four major regions such as Europe, Americas, Asia Pacific and the Middle East and Africa. The Americas command for the major share in the global medical device security market owing to the presence of large number of players that are providing healthcare industry with advanced security solutions, rapid adoption of internet of things and higher threat of cyber-attacks in this region. The Europe region is projecting noteworthy growth in the global medical device security market owing to the increased incidences of cybercrime, rise in utilization of advanced connected medical devices and increased research and development expenditure for introducing highly effective security solutions in the healthcare sector in this region.
The Asia Pacific region is projecting significant expansion at the fastest growth rate in the global medical device security market owing to the increasing usage of connected medical devices that are operating with the help of healthcare IoT and rise in concern regarding data security in the healthcare sector of developing economies in this region. The Middle East and Africa region is expanding at a slow growth rate in the global medical device security market owing to the low penetration of advanced technology in the healthcare sector of the underdeveloped areas of this region.
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