According to the research report, the global healthcare cybersecurity market size & share was valued at USD 12.66 billion in 2021 and is expected to reach USD 51.40 Billion By 2030, to grow at a CAGR of 17.5% during the forecast period.
What is Healthcare Cybersecurity? How Big is Healthcare Cybersecurity Market?
Cybersecurity in healthcare includes safeguarding electronic information and assets from unaccredited access, use, and disclosure. Cybersecurity goals include protecting the integrity, confidentiality, and availability of data. In today’s electronic world, cybersecurity and healthcare firms have exclusive hospital information systems like EHR systems, e-prescribing systems, practice management support systems, radiology information systems, and computerized physician order entry systems.
Ransomware is a significant threat to the integrity, confidentiality, and availability of information. When ransomware infects a machine and device, the files and alternative data are naturally encrypted, access is opposed, and ransom is demanded. Essentially, the cybercriminal holds the data hostage, and a demand is made to pay the ransom to return the data to the user. But paying the ransom is not a warranty that the data will be restored. Ransom may be paid in some cases, but data is never refreshed despite assurance to the contrary.
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Highlights of the report
This report offers a quantitative analysis of the current trends, market segments, dynamics, and estimation of healthcare cyber security market analysis in the forecast period to recognize the existing healthcare cyber security opportunities
The market research is provided along with information connected to critical restraints, opportunities, and drivers
Porter’s five forces analysis underscores the dominance of buyers and suppliers to warrant stakeholders make business decisions that are profit-oriented and reinforce their supplier-buyer framework
Detailed analysis of healthcare cyber security market segmentation helping to decide the existing market opportunities
Prominent countries in each region are plotted as per their revenue contribution to the global market
Key Market Players Covered in this Report:
Checkpoint Software Technologies Ltd.
Cisco Systems Inc.
Crowdstrike Holdings Inc
Fortified Health Security
Juniper Networks Inc.
Lockheed Martin Corp
Northrop Grumman Corporation
Palo Alto Networks
Sensato Cybersecurity Solutions
Trend Micro Inc
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Healthcare cybersecurity market: Growth leading factors
The internet of medical thing tools for superior patient care pushes up prospective threats in the healthcare sector, overemphasizing the demand for advanced healthcare cybersecurity solutions. Healthcare cyber security organizations offer healthcare establishments cyber security services and clarification to secure their hospitals and patient information from cyber-attacks and data breaches.
Healthcare is an attractive target for cybercriminals as medical data is ten or twenty times more profitable than banking details and credit cards. Also, the digital transformation of healthcare for a few years has grown the prevalence of cyberattacks. For example, the latest cyberattack on Ireland’s department of health and health service executive was influenced by a human-controlled ‘Conti’ ransomware attack which gravely paralyzed many HSE systems and warranted a clampdown of the majority of other systems.
There has been a positive impact of the covid-19 pandemic on the healthcare cybersecurity market. Due to the covid-19 outbreak, cyberattacks on clinical testing databases, digital healthcare apps and platforms, medical diagnostic systems, and progressive healthcare devices have increased.
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Healthcare cybersecurity market: Report Scope
Market Size 2021 Value
USD 12.66 billion
Market Outlook for 2030
USD 51.40 billion
Expected CAGR Growth
17.5% from 2022 – 2030
2022 – 2030
By Type of Solution, By Type of Threat, By End-Use, By Region
Broadcom Inc., Checkpoint Software Technologies Ltd., Cisco Systems, Inc., Crowdstrike Holdings, Inc, FireEye, Inc., Fortified Health Security, Fortinet Inc., IBM Corp., Imperva, Intel Corporation, Juniper Networks, Inc., Kaspersky Lab, Lockheed Martin Corp, LogRhythm, Inc., McAfee LLC, Medigate, Northrop Grumman Corporation, NortonLifeLock Inc., Palo Alto Networks, Sensato Cybersecurity Solutions, Sophos Ltd., Symantec Corporation, and Trend Micro Inc.
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Customized purchase options are available to meet your research needs.
Healthcare cybersecurity market: Key segmentation
Insight by type of solution, type of threat, end-use, and region
By type of solution, the antivirus and antimalware segment dominated the market as several solutions have been developed to solve the various threats. Some practical solutions include recognition and access management, probability and compliance management, security information and event management, intrusion detection system, and data encryption software. By type of threat, the malware segment dominated the market because of the inclusion of malware that accommodates system integrity and patient privacy. By end-use, the hospital segment dominated the market because hospitals were endangered from cyber-attack as it stores an incredible amount of patient data. Further, these attacks are spiked during the pandemic intimidating patient care and private data.
By region, North America dominated the market for cyber healthcare security and deemed the largest revenue share. The factors for the growth are the prevalence of key players and the grown application of cyber security in healthcare organizations. The growing investment in cyber security and technological progression is pushing the market. Additionally, the advanced healthcare infrastructure is accredited to market growth. Also, the launch of innovative products to protect the data in the healthcare industry is contributing to market growth. In the Asia Pacific, there is a surge in the market for healthcare cyber security because of the growing adoption and penetration of the internet in the healthcare industry. Additionally, the growth in digitalization and acquisition of electronic health records (EHRs), wireless medical devices, and telemedicine is fuelling the market growth.
Browse the full “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” Report at https://www.polarismarketresearch.com/industry-analysis/healthcare-cybersecurity-market
Important Questions Being Answered by The Market Report
What is the market size and growth?
What is the historical market for healthcare cybersecurity worldwide?
What are the market estimates over the forecast period?
What are the prominent drivers, opportunities, restraints, and trends in the global healthcare cybersecurity market?
Who are the major players, and what market share do they claim?
What is competitive topography?
The market primarily depends on the type of solution, type of threat, end-use, and region
Healthcare cybersecurity market: By type of solution
Identity and Access Management
Risk and Compliance Management
Antivirus and Antimalware
Security Information and Event Management
Intrusion Detection System/ Intrusion Prevention System
Healthcare cybersecurity market: By type of threat
Advanced Persistent Threat
Lost or Stolen Devices
Healthcare cybersecurity market: By end-use
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