Global Healthcare Cyber Security Market Size study, by Type (Solutions, Services) by Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices, Others), by End-use (Pharmaceuticals, Medical Devices, Payers, Hospitals, Othe

Global Healthcare Cyber Security Market Size study, by Type (Solutions, Services) by Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices, Others), by End-use (Pharmaceuticals, Medical Devices, Payers, Hospitals, Others) and Regional Forecasts 2022-2032

Global Healthcare Cyber Security Market is valued at approximately USD 17.3 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 18.50% over the forecast period 2024-2032. Healthcare cybersecurity encompasses the strategies, technologies, and practices implemented to safeguard sensitive patient data, medical records, and healthcare infrastructure from cyber threats. With the increasing digitization of healthcare systems and the adoption of electronic health records (EHRs), cybersecurity has become paramount in protecting patient privacy, ensuring the integrity of medical data, and maintaining the availability of critical healthcare services. Healthcare organizations face a wide range of cyber threats, including ransomware attacks, data breaches, phishing scams, and insider threats, which can compromise patient confidentiality and disrupt healthcare operation. The proliferation of Internet of Things (IoT) devices in healthcare settings, such as medical wearables and remote monitoring devices, poses cybersecurity challenges. Healthcare organizations are implementing IoT security solutions to secure connected medical devices and protect patient data from potential vulnerabilities and attacks.

The healthcare industry is increasingly targeted by cybercriminals due to the value of medical data and the critical nature of healthcare services. Cyber threats such as ransomware attacks, data breaches, and phishing scams are driving healthcare organizations to invest in robust cybersecurity solutions to protect patient data and safeguard medical systems. Growing incidents of cyber-attacks, heightened worries regarding privacy and security, and increased uptake of sophisticated cybersecurity solutions are driving the expansion of the Global Healthcare Cyber Security Market. As per the HHS Office for Civil Rights (OCR) December 2023 report, cyber incidents in the healthcare sector are escalating in the United States. Between 2018 and 2022, the count of significant breaches reported to OCR surged by 93%, soaring from 369 to 712, marking a 278% spike in substantial breaches linked to ransomware. Furthermore, the market is driven by growing adoption of cloud-based solutions in the healthcare sector, rise in the adoption of connected devices. However, lack of awareness and shortage of skilled professionals, on the other hand, will stifle market growth between 2022 and 2032.

The key regions considered for the global Healthcare Cyber Security market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market. Regional market growth in healthcare cybersecurity is propelled by several key factors. Firstly, the presence of prominent industry players contributes significantly, fostering a competitive landscape and driving innovation. Moreover, the increasing adoption of cybersecurity applications within healthcare organizations serves as a catalyst, as institutions prioritize protecting sensitive patient data and critical infrastructure. Additionally, the surge in investments in cybersecurity, coupled with ongoing technological advancements, fuels the expansion of the market. This trend is underscored by the development and deployment of cutting-edge solutions tailored to address the unique challenges faced by the healthcare sector. For instance, in December 2022, Palo Alto Networks introduced ""Medical IoT Security,"" a Zero Trust security solution specifically designed for the digital healthcare environment. Furthermore, member countries of the European Union must design and implement national long-term strategies in order to meet their Paris Agreement commitments. The market in Asia Pacific, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:
Cisco Systems, Inc.
Marubeni Information Systems Co., Ltd.
Symantec Corporation
Trend Micro Incorporated
McAfee, LLC.
Intel Corporation
AO Kaspersky Lab
Lockheed Martin Corporation
Northrop Grumman Corporation
International Business Machine Corporation

The detailed segments and sub-segment of the market are explained below:

By Type
Solutions
Services

By Type of Threat
Malware
DDoS
Advanced Persistent Threat
Spyware
Lost or Stolen Devices
Others

By End-use:
Pharmaceuticals
Medical Devices
Payers
Hospitals
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.