Healthcare Cybersecurity Market Share, Size, Trends, Industry Analysis Report, By Type of Solution; By Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices, Others), By End-Use (Pharma & Chemicals, Medical Devices, He

Healthcare Cybersecurity Market Share, Size, Trends, Industry Analysis Report, By Type of Solution; By Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices, Others), By End-Use (Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals, Others), By Region; Segment Forecast, 2022 - 2030

The global healthcare cybersecurity market size is expected to reach USD 51.40 billion by 2030, according to a new study by Polaris Market Research. The report “Healthcare Cybersecurity Market Share, Size, Trends, Industry Analysis Report, By Type of Solution; By Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices, Others), By End-Use (Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals, Others), By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The key factors responsible for the market growth include the installation of IoMT in healthcare cybersecurity systems. The introduction of Internet of Medical Things (IoMT) devices, among other recent innovations in the medical sector, has opened the way to improved patient care while also increasing potential threats.

Furthermore, throughout the projection period, the growth in patent infringement lawsuits, company records, medical identity fraud, and the loss of patient health records is likely to enhance the virtual threats in the industry. Based on end-use, the hospital segment accounted for the leading share in the cybersecurity industry in 2021 as existing technology systems are getting increasingly sophisticated, turning hospitals more vulnerable to cyber-attacks.