Healthcare Cyber Security Market: By Solution Type (Risk and Compliance Management, Identity and Access Management, Security Information and Event Management, Intrusion Detection System (IDS)/Intrusion Prevention System (IPS), Firewalls, Antivirus, Antimalware Software, Data Encryption Software, and Others), and By End user(Pharmaceutical and Chemical businesses, Medical Device Companies, Health Insurance Companies, hospitals, and Others) - Forecast 2027

ID: VPR/HC/1272 Publishing Year: November 2021 Pages: 120 Format:   


Healthcare Cyber Security Market Overview:

Global Healthcare Cyber Security Market was valued at $ 10.9 billion in 2020 and is expected to reach $ 23.4 billion by 2027, registering a CAGR of 11.46% from 2021 to 2027.

The increasing demand for network security, a kind of IT security that healthcare companies are looking for, is expected to push the worldwide Healthcare Cyber Security Market forward. Healthcare cyber security uses a variety of technologies to keep patient, treatment, and health organization data safe and secure from cyberattacks and breaches. The frequency of breaches in healthcare companies has risen in recent years. Access control and distributed denial-of-service (DDoS) mitigation are two of the most advanced kinds of network security solutions available.

Demand for updated and sophisticated cyber security solutions, disruptive technologies across the healthcare digital sectors, and frequent breaches and threats are some of the reasons driving growth in the projected period. In addition to other reasons such as rising cloud service demand and poor penetration of information security solutions in the healthcare industry. Smartphones are still the most common means of contact between doctors and patients. Embedded devices that utilize radio or network technologies, such as pacemakers, can pose a risk to patient health. Furthermore, throughout the projection period, the increase in patent infringement lawsuits, company records, medical identity fraud, and the loss of patient health data is anticipated to drive the Healthcare Cyber Security Market. However, a lack of knowledge regarding cybersecurity in the healthcare sector will serve as a stumbling block to the market's expansion.

The usage of the internet and remote gadgets has exploded in recent years. The healthcare industry's demand has skyrocketed as a result of COVID. To remain in contact, the majority of the patients use remote gadgets. It has created many possibilities for this industry to implement new technology while also ensuring the security of medical data and information. With the increasing usage of the internet in the medical field, the danger of data theft and internet breaches has also risen. Healthcare cyber security will become more sophisticated in the future years as it is anticipated to increase in the coming years, reducing total healthcare risks.

Key Players:

  • Atos SE
  • Cisco
  • McAfee
  • Palo Alto Networks. Inc
  • FireEye Inc
  • Kaspersky
  • Northrop Grumman Corporation
  • Symantec Corporation
  • IBM
  • Intel Corporation

Segmental Analysis:

The worldwide Healthcare Cyber Security Market is divided into three categories: solution type, end-user, and region. The Healthcare Cyber Security Market is divided into risk and compliance management, identity and access management, security information and event management, intrusion detection system (IDS)/intrusion prevention system (IPS), firewalls, antivirus, antimalware software, data encryption software, and others, depending on the solution type. In the Healthcare Cyber Security industry, identity and access management is the fastest expanding sector. Pharmaceutical and chemical businesses, medical device companies, health insurance companies, hospitals, and others make up the end-user market.

Regional Analysis:

Due to privacy and security issues connected with digital patient data, the healthcare sector is one of the most heavily regulated in the United States. Regulations such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health (HITECH) Act are guarantee that cybersecurity penetration rates in the country's healthcare industry continue to rise.

Impact of COVID-19 on the Healthcare Cyber Security Market

The worldwide economy has been thrown into disarray by the COVID 19 pandemic, which has had an impact on the healthcare cyber security industry. It has posed significant problems and difficulties for the healthcare industry. To combat the spread of COVID 19, healthcare providers rely increasingly on telehealth services rather than face-to-face contact. As the use of remote access devices grew, so did privacy issues, especially as the world's internet use grew.



Frequently Asked Questions
Healthcare Cyber Security Market is predicted to grow at 11.46 % through forecast period of 2020-2027
By 2027, worth USD 23.3 Billion is estimated for the global market.
Demand for updated and sophisticated cyber security solutions, disruptive technologies across the healthcare digital sectors, and frequent breaches and threats are some of the reasons driving growth in the projected period.
Atos SE, Cisco, McAfee, Palo Alto Networks. Inc, FireEye Inc, Kaspersky, Northrop Grumman Corporation, Symantec Corporation, IBM, Intel Corporation

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