Global Healthcare Cybersecurity Market was valued at USD 6,712 million in 2019 which is expected to reach USD 16,467 million by 2027 at a CAGR 14.8% during the forecast period from 2020 to 2027. The Qualiket Research offers valuation and analysis of Global Healthcare Cybersecurity Market on a global as well as regional level. The report provides a comprehensive assessment of industry drivers, restraints, opportunities, latest trends, along with analysis of the COVID-19 impact on Global Healthcare Cybersecurity Market over the forecast period.
Healthcare Cybersecurity is also referred as information technology security or computer security in healthcare. This is an adoption of Cybersecurity solutions and services by healthcare organizations to protect computers, networks, programs, and data related to hospital and patient from cyber-attack or unauthorized access.
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An increase in incidences of cyberattacks for misuse of electronic patient health records IP theft, social security records, and others is expected to boost the global healthcare Cybersecurity market growth. For instance, as per the information of Health IT security around 190,000 HealthEquity customers was breached in 2018.Healthcare organizations like hospitals, clinics, pharmaceutical companies are highly affected by cyberattacks and data breaching. Electronic health records are the main sources for attackers as they contain highly sensitive data which includes bank details, social security numbers, and other personal health information. These records can be used for healthcare insurance fraud as a means of selling prescription medications in the black market. Continuous technological advancements in healthcare Cybersecurity solutions will fuel the market growth during this forecast timeline.
Lack of trained professionals is the restraint for a market which expected to limit the global healthcare Cybersecurity market growth. Also, limited awareness of Cybersecurity in the healthcare industry and lack of adoption of updated software is anticipated to hinder the market growth.
Global Healthcare Cybersecurity Market Segmentation
The Global Healthcare Cybersecurity Market is segmented into type of threat, solution, end use, and region.
On the basis of type of threat, the Global Healthcare Cybersecurity Market is segmented into Malware, Spyware, Distributed Denial of Service, Advanced Persistent Threats, and Others.
On the basis of solution, the Global Healthcare Cybersecurity Market is segmented into Identity and Access Management, Antivirus & Antimalware, Security Information and Event Management, Risk and Compliance Management, and Others.
On the basis of end use, the Global Healthcare Cybersecurity Market is segmented into Pharmaceutical & Biotechnology, Health Insurance, Hospitals, and Others.
On the basis of region, the Global Healthcare Cybersecurity Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key Players
Some key operating players are profiled in the Global Healthcare Cybersecurity Market including Cisco, Intel Corporation, FireEye, Inc, McAfee, LLC, Atos SE, Palo Alto Networks, Kaspersky, NORTHROP GRUMMAN CORPORATION, IBM, and Symantec Corporation etc.
Key Features
- The Qualiket Research study delivers a detailed analysis of drivers and factors that limit the market expansion.
- The report provides qualitative and quantitative data about changing market trends, competition and opportunities in Global Healthcare Cybersecurity Market.
- The Qualiket Research provides deep dive analysis of leading market players and their key strategies which helps in better understanding the Global Healthcare Cybersecurity Market during this forecast timeline.
Regional Analysis
The North America expected to hold the largest market share of the Global Healthcare Cybersecurity Market, owing to the increase in cases of data breaches, and the availability of advanced healthcare information technology solutions are anticipated to boost the market growth in this region. Also, Europe is expected to hold second-largest market share over the forecast period. The Asia Pacific is estimated to be the fastest growing market due to the rapid development in technology.
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