Global Healthcare Cyber Security Market is valued at USD 12.8 Billion in 2021 and expected to reach USD 36.6 Billion by 2028 with a CAGR of 16.2% over the forecast period.
Global Healthcare Cyber Security Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Increasing adoption of internet of medical things (IoMT) devices, rising number of cyber-attacks and regulatory policies, and growing government regulatory policies are some of the major factors driving the growth of the Global Healthcare Cyber Security Market.
Cybersecurity in healthcare includes the shielding of electronic data and resources from unapproved access, use, and disclosure. There are three objectives of cybersecurity: protecting the integrity, confidentiality, and accessibility of data, otherwise called the """"CIA triad. Healthcare cybersecurity is an essential basic for any organization in the clinical industry from healthcare suppliers to backup plans to the drug, biotechnology, and clinical device organizations. It includes different measures to protect organizations from external and internal cyber-attacks and guarantee the accessibility of clinical benefits, proper operation of clinical systems and equipment, preservation of classification and uprightness of patient information, and consistency with industry regulations. In the present electronic world, cybersecurity in healthcare and protecting data is essential for the typical working of associations. Numerous medical care associations have different kinds of particular emergency clinic data frameworks, for example, EHR frameworks, e-prescribing systems; practice the board emotionally supportive networks, clinical choice emotionally supportive systems, radiology data systems, and computerized doctor request passage systems.
The Covid-19 pandemic has shown a positive impact on the growth of the global healthcare cyber security market. The threat of cyber security to the healthcare industry was heightened during the pandemic, which led to an increase in cyber security solutions. As the healthcare industry adopts remote methods, users use personal devices and home internet connections, which have no cyber security, increasing the risk of cyber-attacks. Therefore, the demand for cyber security in the healthcare industry is increasing day by day.
The global healthcare cyber security market is segmented based on the offering, security, threat type, solution, end-use, and region & country level. Based on offering, the global healthcare cyber security market is segmented into services and solutions. By security, the market is segmented into cloud security, application security, network security, and endpoint security. By threat type, the global healthcare cyber security market is segmented into distributed denial of service (DDoS), ransomware, phishing & spear phishing, malware & spyware, and others. By solution, the global healthcare cyber security market is segmented into identity & access management, security information & event management, risk & compliance management, DDoS mitigation, antivirus & antimalware, intrusion detection system/ intrusion prevention system, and others. By end-user, the global healthcare cyber security market is segmented into hospitals, healthcare payers, pharmaceutical & biotechnology industries, and others.
The regions covered in the global healthcare cyber security market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global healthcare cyber security is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 12.8 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 36.6 Billion
|Tables, Charts & Figures:
|Healthcare Cyber Security Companies
|Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Imperva, IBM Corporation, McAfee LLC, LogRhythm, Inc, NortonLifeLock Inc., Intel Corporation, Checkpoint Software Technologies Ltd., FireEye, Inc., Sophos Ltd., and others.
|By Offering, By Security Type, By Threat Type, By Solution
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Some major key players for the global healthcare cyber security market report cover prominent players like Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Imperva, IBM Corporation, McAfee LLC, LogRhythm, Inc, NortonLifeLock Inc., Intel Corporation, Checkpoint Software Technologies Ltd., FireEye, Inc., Sophos Ltd., and others.
HHS Launched New Website to Align Healthcare Cybersecurity
On December 6th, 2021; HHS launched a new website for its 405 (d) program aimed at aligning healthcare cybersecurity across the industry. Under the Cybersecurity Act of 2015, HHS established the 405 (d) Aligning Healthcare Industry Security Approach Program and the 405 (d) Task Group, comprising more than 150 industry and government experts.
Microsoft Hong Kong and HKCERT Launched the City’s First Healthcare Cyber Security Watch Programme
On December 10th, 2019; Microsoft Hong Kong and Hong Kong Computer Emergency Response Team Coordination Center (""""HKCERT"""") jointly launched the city's first healthcare program Started. The healthcare industry has embraced digital transformation from eHealth, Big Data Enabled Diagnosis, to the Internet of Medical Things (IoMT) where connected wearables improve patient care and convenience technology allows the healthcare industry to achieve high efficiency, smart diagnosis, and improved patient experience. Cyber security has also become more serious than ever.
HSCC Launched Cybersecurity Matrix for Healthcare Sector
On September 27th, 2019; an online resource to improve cyber security in the health sector was launched by the US Healthcare and Public Health Sector Coordinating Council (HSCC). The purpose of the resource is to compile sources that provide information on cybersecurity.
Increasing Adoption of Internet of Medical Things (IoMT) Devices, Rising Number of Cyber-Attacks and Regulatory Policies, and Growing Government Regulatory Policies are Some of the Major Factors Driving the Market Growth
One of the major factors driving the growth of the healthcare cyber security market is the increasing adoption of Internet of Medical Things (IoMT) devices. The adjustment of IoMT and related innovation has settled several difficulties utilizing remote monitoring, telemedicine, sensors, robotics, and so on. Anyway, mass adoption appears to be trying because of variables like protection and security of information, the management of huge measures of information, adaptability and upgradation and etc. Although adequate information has been ordered and exchanged, this organized systematic audit will help the medical services professionals, policymakers/leaders, researchers, and scientists to proficiently measure the appropriateness of IoMT in medical services more efficiently. The adoption of Internet of Medical Things (IoMT) tools for improved patient care increases the potential risks in the healthcare sector leading to increased demand for advanced healthcare cybersecurity measures, which in turn drives the growth of the market.
In addition, the rising number of cyber-attacks and regulatory policies are boosting the growth of the healthcare cyber security market. The increasing incidence of cyber-threat vectors and attacks due to inadequate security measures is a major concern for the healthcare industry, leading to the use of security measures. This has enabled the implementation of government policies and measures to protect patient information from data breaches by encouraging healthcare providers to use advanced cyber security measures to protect their healthcare data. And cyber-attacks are on the rise in hospitals because they retain large amounts of patient data during epidemics, and these attacks threaten patient care and private data. For instance; the Office for Civil Rights of the U.S. Branch of Health and Human Services (HHS) was examining 860 data breaches detailed in the previous two years; each breach protected the health information (PHI) of at least 500 people. One hundred nineteen (or 13.8%) of this breach included """"Business Associates"""" sellers and other outsiders who approached delicate patient information with the biggest breach influencing 3.25 million individuals.
Moreover, the growing government regulatory policies is also supplementing the market growth. The increasing volume of cyber-threat vectors and attacks because of lacking safety efforts is the main issue for the healthcare industry, which is projected to drive the utilization of security solutions. This has empowered the execution of supporting government policies and measures to protect patient data from data breaches that are boosting healthcare suppliers to utilize progressed cyber security solutions for protecting their healthcare information. For example; the U.S. government laid out """"the Health Insurance Portability and Accountability Act (HIPAA)"""" in order to support healthcare institutions to keep healthcare information confidential and secret.
However, the lack of trained professionals for operating the cyber security solutions and the high cost associated with healthcare cyber security may hinder the growth of the market. Despite that, increasing demand for cybersecurity services, technological advancement may create more opportunities for the further growth of the market.
North America is Expected to Capture a Major Share in the Global Healthcare Cyber Security Market
Geographically, North America is expected to dominate the global healthcare cyber security market within the forecast period due to the increasing number of cyber-attacks in hospitals, rising technological advancement, and growing digital healthcare facilities in this region. An increasing number of cyber-attacks in hospitals is driving the growth of the market. For instance; according to The Pew Charitable Trusts, on May 18th, 2022; According to Brett Callow, a risk analyst at cybersecurity company Emsisoft, there were at least 168 ransomware attacks affecting 1,763 hospitals, clinics, and healthcare organizations in the US. In addition, the increase in the number of data alterations in fraud cases also increases the need for advanced cyber security services. For instance; as per the news published, on February 20th, 2020; GE Healthcare launched a new medical device cybersecurity service offering to help health systems better protect against risk.
The Asia Pacific is the fastest-growing region in the global healthcare cyber security market due to the increasing adoption of advanced technologies like 5G technology, rising cyber-attacks, and the presence of key players these factors boost the market. For instance; as per the news published, on June 8th, 2021; Medical Director launched a cybersecurity solution for healthcare systems.
By Security Type
By Threat Type
Healthcare Cyber Security Market Key Players:
By Security Type
By Threat Type
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