Cybersecurity in Medical Devices - Thematic Intelligence
Summary
Cybersecurity remains a priority for enterprises
The tech industry is experiencing significant upheaval. Big Tech has made mass layoffs to cut costs, and cybersecurity companies are not immune. However, while information technology (IT) budgets face scrutiny as companies cut discretionary spending, cybersecurity will remain a priority. Cyber risk is higher than ever, and the consequences of attacks are significant. According to Cybersecurity Ventures, global cybercrime will reach $10.5 trillion annually by 2025. Tackling this issue requires investment, and GlobalData forecasts that cybersecurity revenues will reach $344 billion worldwide by 2030.
Cyberattacks are especially dangerous to healthcare
Weak cybersecurity measures expose companies to serious risk. Victim companies suffer operationally, as systems are rendered unusable; reputationally, as customers lose trust; and legally, as ever-stricter regulators seek to punish. The healthcare industry is particularly vulnerable because it uses extremely sensitive data. Pharma companies have proprietary scientific data and intellectual property, medical devices companies develop connected devices, and healthcare companies collect and utilize patient data. Additionally, operational functions are often literally matters of life and death. Breaches in healthcare and pharma cost more than those in almost any other industry.
Scope
- This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
- The report covers the cybersecurity theme.
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
- Develop and design your corporate strategies through an in-house expert analysis of cybersecurity by understanding the primary ways in which this theme is impacting the healthcare industry.
- Stay up to date on the industry’s major players and where they sit in the value chain.
- Identify emerging industry trends to gain a competitive advantage.
- Executive Summary
- Players
- Technology Briefing
- Threat actors
- Types of cyberattack
- Un-targeted cyberattacks
- Targeted cyberattacks
- Stages of an attack
- The survey stage
- The delivery stage
- The breach stage
- The impact stage
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- Cybersecurity in medical devices
- Use cases
- Palo Alto Networks launches a zero trust security solution
- Product Security Hub elevates medical device security
- IBM and Aramark offer security solutions for connected medical devices
- Timeline
- Signals
- Patent trends
- Company filing trends
- Hiring trends
- Social media trends
- Value Chain
- Cybersecurity hardware
- Chip-based security
- Cybersecurity software
- Identity management
- Network security
- Endpoint security
- Threat detection and response
- Cloud security
- Data security
- Email security
- Application security
- Unified threat management
- Vulnerability management
- Cybersecurity services
- Managed security services
- Post-breach response services
- Risk and compliance services
- Companies
- Public companies
- Private companies
- Sector Scorecards
- Medical devices sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Technology Briefing
- Table 2: Technology trends
- Table 3: Macroeconomic trends
- Table 4: Regulatory trends
- Table 5: Public companies
- Table 7: Glossary
- Table 8: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the cybersecurity theme, and where do they sit in the value chain?
- Figure 2: Organizations’ technical complexity breeds vulnerability
- Figure 3: Global cybersecurity revenues will reach $344 billion by 2030
- Figure 4: Managed security services will be the largest market segment, with revenues of $135 billion in 2030
- Figure 5: 61% of respondents believe cybersecurity is already disrupting their industry
- Figure 6: Barriers to adopting generative AI in the medical devices sector
- Figure 7: The cybersecurity story
- Figure 8: Cybersecurity patent trends remained consistent until April 2023
- Figure 9: The US is the top authority registering cybersecurity patents
- Figure 10: Cybersecurity company filing trends have followed other digital health themes
- Figure 11: Cybersecurity related hiring peaked in January 2022
- Figure 12: Most mentions of cybersecurity on social media have been contributed by the US
- Figure 13: The cybersecurity value chain
- Figure 14: The cybersecurity value chain – hardware
- Figure 15: The cybersecurity value chain – software - Identity management: leaders and challengers
- Figure 16: The cybersecurity value chain – software - Network security: leaders and challengers
- Figure 17: The cybersecurity value chain – software - Endpoint security: leaders and challengers
- Figure 18: The cybersecurity value chain – software - Threat detection and response: leaders and challengers
- Figure 19: The cybersecurity value chain – software - Cloud security: leaders and challengers
- Figure 20: The cybersecurity value chain – software - Data security: leaders and challengers
- Figure 21: The cybersecurity value chain – software - Email security: leaders and challengers
- Figure 22: The cybersecurity value chain – software - Application security: leaders and challengers
- Figure 23: The cybersecurity value chain – software - Unified threat management: leaders and challengers
- Figure 24: The cybersecurity value chain – software - Vulnerability management: leaders and challengers
- Figure 25: The cybersecurity value chain – services - Managed security services: leaders and challengers
- Figure 26: The cybersecurity value chain – services - Post-breach response services: leaders and challengers
- Figure 27: The cybersecurity value chain – services - Risk and compliance services: leaders and challengers
- Figure 28: Who does what in the medical devices space?
- Figure 29: Thematic screen
- Figure 30: Valuation screen
- Figure 31: Risk screen
- Figure 32: Our five-step approach for generating a sector scorecard
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