Healthcare Cyber Security Market Size, Share, Industry Trends, Forecast 2023-2028

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Global Healthcare Cyber Security Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Healthcare Cyber Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global healthcare cyber security market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global healthcare cyber security market size reached US$ 14.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.1 Billion by 2028, exhibiting a growth rate (CAGR) of 16.6% during 2023-2028.

Healthcare cyber security refers to the practice of safeguarding healthcare data, systems, and networks from unauthorized access, breaches, and other cyber threats. It encompasses antivirus and antimalware software, firewall protection, and an intrusive detection and prevention system (IDPS), which monitors network traffic and system activities for potential threats, alerting administrators to suspicious behavior. It involves the implementation of security measures to ensure the confidentiality, integrity, and availability of patient information and healthcare services. It employs access control mechanisms, such as strong authentication, user privilege management, and role-based access control, to limit who can access certain systems and data.

It also uses data encryption to ensure that even if data is intercepted, it remains unreadable to unauthorized individuals. It also ensures the smooth functioning of digital healthcare systems, reducing downtime and operational disruption. It can ultimately save costs by avoiding the financial consequences of data breaches. It also enables healthcare organizations to confidently demonstrate compliance with data protection regulations.

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Global Healthcare Cyber Security Market Trends and Drivers:

At present, the increasing frequency and sophistication of cyberattacks targeting healthcare organizations to steal various confidential data represents one of the crucial factors impelling the growth of the market. Besides this, the proliferation of internet of things (IoT) devices in healthcare, including connected medical equipment and wearables, is contributing to the market growth. In addition, the integration of artificial intelligence (AI) and machine learning (ML) into cybersecurity solutions, as they offer proactive threat detection and rapid response capabilities, enabling healthcare organizations to stay ahead of evolving threats, is offering a favorable market outlook.

Apart from this, the increasing implementation of stringent regulations associated with data security is compelling healthcare institutions to prioritize cybersecurity. Additionally, the growing awareness of the potential consequences of healthcare data breaches, including the compromise of patient confidentiality, financial loss, and damage to the reputation of an institution, is positively influencing the market. Moreover, the digital transformation of healthcare operations, with electronic health records (EHRs) and other effective systems is necessitating robust protection against cyber threats.

Global Healthcare Cyber Security Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are:

AO Kaspersky Lab, Broadcom Inc., Cisco Systems Inc., Claroty Ltd., CyberMDX Technologies Inc. (Forescout Technologies Inc.), Cynerio Israel Ltd., FireEye, Inc. (Trellix), Forcepoint LLC, International Business Machines Corporation, McAfee LLC, Palo Alto Networks Inc., and Trend Micro Inc.

The report segmented the market on the basis of region, threat, type of solution and end user.

Type of Threat Insights:

  • Malware
  • Distributed Denial of Service (DDoS)
  • Advanced Persistent Threats (APT)
  • Spyware
  • Others

Type of Solution Insights:

  • Identity and Access Management
  • Risk and Compliance Management
  • Antivirus and Antimalware
  • DDoS Mitigation
  • Security Information and Event Management
  • Intrusion Detection System and Intrusion Prevention System
  • Others

End User Insights:

  • Hospitals
  • Pharmaceutical Companies
  • Medical Device Companies
  • Health Insurance Companies
  • Others

Regional Insights:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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