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Global Medical Device Security Market Insights and Growth Forecast 2025

Author: Vrushali Girme
by Vrushali Girme
Posted: Nov 03, 2018
device security

The report provides forecast and analysis of the global medical device security market. It provides market overview of global medical device security market of in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the global medical device security market and their impact on each country during the forecast period.

Medical devices, like other computer systems can be vulnerable to security breaches, potentially impacting the safety and effectiveness of the device. Organizations are adding more and more connected medical devices to the Healthcare IT infrastructure, which are increasing the scope for raising concerns about device security. Networks are becoming more and more vulnerable to new and sophisticated threats such as malware, Trojans and many more. Additionally, the trend of bring your own device (BYOD) social media usage and cloud synchronizing tools are also driving the demand. In the recent years, increase instances of cyberattacks and threats is creating demand for medical device security, thus enhancing the market revenue.

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The medical device security market has been witnessing significant growth over the past few years owing to rise connected medical devices coupled with the government regulations and need for compliance, increasing IoT penetration and adoption of BYOD, growing geriatric population and subsequent growth in the chronic disease management. In addition, increasing penetration of medical devices connected and communicating to each other along with the mandates and regulations for the secured networks for connected medical devices is expected to bolster the market growth in the coming years. Furthermore, increasing interest of key players in the development of advanced devices is expected to offer significant growth opportunities during next few years. However, lack of budget for healthcare IT security are expected to restraint the market growth during the forecast period.

Segmentation:

The Global Medical Device Security Market Analysis and Forecasts to 2025 can be segmented into type, device type, offerings, end user, and region. Based on the type, the market can be categorized as network security, endpoint security, application security, cloud security and others. The application security segment is expected to witness highest growth rate during the forecast period. Owing to the growing usage of web and mobile healthcare applications for remote patient monitoring, proliferation of connected medical devices and mobile devices along with the increasing demand for medical applications for physician use.

The market based on offerings can be segmented into solutions and services. Service segment contribute to larger share of the market, owing to growing demand for continuous consultation, support & maintenance services to protect IT infrastructure in healthcare industry and connected medical devices. Many large and small manufacturers in the market are aiming to develop various solutions and such developments are further expected to bolster the demand for solutions segment in the coming years.

Based on end user, the market can be segmented as, healthcare providers, medical device manufacturers, healthcare players. Healthcare providers segment is expected to account for the largest share of medical device security during the forecast period. Increasing awareness about security solutions due to the increasing number of cyberattacks in healthcare organizations is enhancing the market growth. However, investments for development of healthcare infrastructure are an additional factor for the market growth during the forecast period.

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Global Medical Device Security Market Players List:

Cisco Systems

IBM

GS Healthcare

Sophos

Imperva

Philips

Fortinet

Symantec

DXC Technology

CloudPassage

Regional Overview:

The global medical device security based on the geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for medical device security in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The medical device security market report includes market size and analysis for all the above-mentioned regions and countries for type, device type,offerings and end user.

Major TOC Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Global Medical Device Security Market – Market Dynamics

Drivers

Restraints

Opportunities

Chapter 4: Global Medical Device Security Market – By Type

Network Security

Endpoint Security

Application Security

Cloud Security

TOC to be Continued.!

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Author: Vrushali Girme

Vrushali Girme

Member since: Oct 26, 2018
Published articles: 52

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