Healthcare Cybersecurity Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033
Posted by Sushmitha on May 16th, 2024
Overview and Scope
Healthcare cybersecurity refers to the practice of protecting electronic information and assets from unauthorized access, use, disclosure, disruption, modification, or destruction within the healthcare sector. It involves implementing a variety of security measures, technologies, and policies to safeguard patient data, hospital systems, and medical devices against cyber threats and breaches. This is essential for maintaining patient privacy, ensuring the integrity of medical records, and supporting the continuity of healthcare services.
Sizing and Forecast
The healthcare cybersecurity market size has grown rapidly in recent years. It will grow from .59 billion in 2023 to .86 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to increased cyber attacks, concerns about security and privacy, collaboration between public and private sector to strengthen healthcare cybersecurity, presence of highly developed medical and healthcare infrastructure, emergence of digital technologies.
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Segmentation & Regional Insights
The healthcare cybersecurity market covered in this report is segmented –
1) By Solution: Identity And Access Management, Risk And Compliance Management, Antivirus And Antimalware, Distributed Denial Of Service (DDoS) Mitigation, Security Information And Event Management, Intrusion Detection System/ Intrusion Prevention System, Other Solutions
2) By Security: Network Security, Endpoint Security, Application Security, Content Security
3) By Threat: Malware, Distributed Denial Of Service (DDoS) Threats, Advanced Persistent Threat, Spyware, Lost Or Stolen Devices, Other Threats
4) By End User: Pharma And Chemicals, Medical Devices, Health Insurance, Hospitals, Other End Users
North America was the largest region in the healthcare cybersecurity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing cyberattacks are expected to propel the growth of the healthcare cybersecurity market going forward. Cyberattacks are malicious attempts to disrupt, damage, or gain unauthorized access to computer systems, networks, or devices. Cyber threats are motivated by financial incentives, where cybercriminals seek to steal sensitive financial information, conduct ransom attacks, or engage in other activities to monetize their attacks. Healthcare cybersecurity is essential for protecting sensitive patient data, ensuring the continuity of care, and safeguarding healthcare systems against cyberattacks that can lead to data breaches, financial loss, and compromised patient safety. For instance, according to Check Point Software Technologies Ltd., an Israel-based software company, in the first nine months of 2023, there was a 3% increase in the global average of weekly cyberattacks compared to the same timeframe in 2022. Additionally, the healthcare sector experienced a significant 11% rise in cyberattacks, averaging 1613 incidents weekly. Therefore, the increasing number of cyberattacks is driving the growth of healthcare cybersecurity.
Key Industry Players
Major players in the healthcare cybersecurity market are Microsoft Corporation, Intel Corporation , International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Thales Group, Palo Alto Networks Inc., Juniper Networks Inc. , Fortinet Inc., Gen Digital Inc., Splunk Inc., Checkpoint Software Technologies Ltd. , Trend Micro Inc., Crowdstrike Holdings Inc., Fortra LLC, Tenable Inc., Rapid7 Inc., Qualys Inc., McAfee Corp., Forescout Technologies Inc., LogRhythm Inc., Claroty Ltd., Sophos Ltd., Fortified Health Security, and Sensato Cybersecurity Solutions.
The healthcare cybersecurity market report table of contents includes:
1. Executive Summary
2. Healthcare Cybersecurity Market Characteristics
3. Healthcare Cybersecurity Market Trends And Strategies
4. Healthcare Cybersecurity Market - Macro Economic Scenario
5. Global Healthcare Cybersecurity Market Size and Growth
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32. Global Healthcare Cybersecurity Market Competitive Benchmarking
33. Global Healthcare Cybersecurity Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Healthcare Cybersecurity Market
35. Healthcare Cybersecurity Market Future Outlook and Potential Analysis
36. Appendix
