Global Medical Device Security Solutions Market 2024-2028

Global Medical Device Security Solutions Market 2024-2028

The medical device security solutions market is forecasted to grow by USD 2.62 bn during 2023-2028, accelerating at a CAGR of 11.96% during the forecast period. The report on the medical device security solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing concerns about healthcare data, the growing geriatric population and prevalence of chronic diseases, and stringent government regulations on medical device security solutions.

Technavio's medical device security solutions market is segmented as below:

By Device

• Wearable and external medical devices
• Hospital medical devices
• Internally embedded medical devices

By End-user

• Healthcare providers
• Medical devices manufacturers
• Healthcare payers

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increasing adoption of IoT and connected devices in healthcare industries as one of the prime reasons driving the medical device security solutions market growth during the next few years. Also, rising demand for self-medication and homecare medical devices and increasing demand for cloud-based medical device security solutions will lead to sizable demand in the market.

The report on the medical device security solutions market covers the following areas:

• Medical device security solutions market sizing
• Medical device security solutions market forecast
• Medical device security solutions market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical device security solutions market vendors that include Battelle Memorial Institute, Broadcom Inc., Cisco Systems Inc., CLEARDATA, Clearwater Security and Compliance LLC, Coalfire Systems Inc., Device Authority, Dragerwerk AG and Co. KGaA, DXC Technology Co., Extreme Networks Inc., Forescout, Fortinet Inc., General Electric Co., Imperva Inc., International Business Machines Corp., Koninklijke Philips N.V., Meditology Services LLC, Palo Alto Networks Inc., Sophos Ltd., UL Solutions Inc., and Check Point Software Technologies Ltd.. Also, the medical device security solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.