The global healthcare cybersecurity market size is expected to reach USD 36.97 Billion in 2028 and register a revenue CAGR of 16.8% over the forecast period, according to a latest report by Reports & Data. A major factor driving market revenue growth is rapid adoption of technology in the healthcare industry. Increasing investments in research in the field of healthcare cybersecurity is resulting in the advent of additional opportunities for further advancements in software.
Ongoing research and development activities and private investments in the healthcare sector to strengthen data security is expected to positively impact revenue growth of the market over the forecast period. There are three goals of cybersecurity, also known as the “CIA triad, is protecting the confidentiality, integrity and availability of information.
Hackers intentionally target medical practices as they know that nurses, doctors, and administrative professionals don’t take cybersecurity measures. Therefore, this has resulted in cyber-crime cases such as data mining, stealing, thefts, in the health care industry. This factor has resulted in government investments on privacy and security of the data to foster the growth and development of the global healthcare cybersecurity market.
Top Companies Profiled in the Report Include:
McAfee, LLC, FireEye, Atos SE, Palo Alto Networks, Inc., Cisco Systems, Inc., Fortified Health Security, Lockheed Martin Corporation, Palo Alto Networks, Inc., Booz Allen Hamilton, Inc., and IBM Corporation.
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Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Healthcare Cybersecurity market in these key regions.
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Additionally, the report consists a detailed analysis of the segmentation of the Healthcare Cybersecurity market based on product types and end-use/application offered in the Healthcare Cybersecurity market.
Threat Outlook (Revenue, USD Billion; 2018 – 2028)
- Ransomware
- Malware and Spyware
- Distributed Denial of Service (DDOS)
- Phishing and Spear Phishing
- Others
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Application Security
- Network Security
- Device Security
- Endpoint Security
- Others
Deployment Outlook (Revenue, USD Billion; 2018 – 2028)
- On-Premise
- Cloud Based
End-Use Outlook (Revenue, USD Billion; 2018 – 2028)
- Medical Devices
- Health Insurance
- Hospitals
- Others
Country-wise regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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