Global Cyber Security In Healthcare Market Report: Market Value To Touch USD 12 BN In 2026

Posted On December 04, 2019     

The report on the Global Cyber Security In Healthcare Market by Value Market Research states that the market was valued close to USD 7.5 BN in 2019 and is estimated to reach USD 12 BN by 2026 with a CAGR of 7% within the forecasted period from 2019 to 2026.  The rise in the adoption of IoT for wearable, handheld devices, telemedicine and implants to monitor activity has lead to the high risks of cyber-attacks. The growth in cases of cyber-attack to obtain quick access to patient’s data, financial information and other such confidential data have generated a high demand for cybersecurity. Besides, the development in sophisticated techniques and tools to gain access to data by hackers has driven the need for cybersecurity. Moreover, the rise in government support and various acts to protect patent data along with the adoption of cloud services is again responsible for augmenting the market growth.

Cybersecurity in healthcare provides protection to the patient's data from cyber attack and data breaches. It also protects financial information, intellectual property and other such data that is vulnerable to attacks by hackers. Hospitals, clinics, nursing home and other such medical facilities face a high rate of cyberattacks since they are the sources of data with a weak defense system.

The report “Global Cyber Security In Healthcare Market Report By Product (On-Premise And Cloud Based), By Application (Application Security, Cloud Security, Content Security, Endpoint Security, Network Security And Wireless Security), By End-User (Pharmaceuticals And Chemical Manufactures, Medical Device Companies, Health Insurance Companies, Hospitals & Clinics And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market and the market flow along with segmentation by product, end-user, applications, region and the key players of the cybersecurity in healthcare market.

By product, on-premise and cloud-based are the classifications provided for the cybersecurity in healthcare market as per the report where on-premise is the classification that has a high demand owing to the control it offers over an environment kept in-house. It does not require a wireless internet connection to retrieve data thus making it less risky and thereby making organizations want to deploy this storage solution in order to avail security. By application, the global cybersecurity in healthcare market is segmented into application security, cloud security, content security, endpoint security, network security and wireless security where application security has reportedly dominated this segmentation owing to the rise in the number of cyberattacks. The growth in the number of patent infringement cases, medical identity fraud and the loss of health records of patients are expected to fuel the growth of this segment. Based on end-user, pharmaceuticals and chemical manufacturers, medical device companies, health insurance companies and hospitals & clinics are the classifications of the global cybersecurity in healthcare market. Pharmaceutical &  chemical manufacturers have accounted for the largest end-user owing to the rise in cyber attacks on medical device companies. Besides, the rising number of fraud in pharma companies is also responsible for propelling the growth of this particular segment.

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the geographical segments of the global cybersecurity in healthcare market as given in the report. As per the report, North America is set to rule the global cybersecurity in healthcare market owing to the strong presence of healthcare sectors along with the speedy adoption of healthcare IT. The increased expenditure on R&D to develop an advanced storage solution for a secure healthcare network is further expected to expand the market presence in the region.

The Report Segments Global Cyber Security In Healthcare Market -
By Product

  • On-Premise

  • Cloud Based

By Application

  • Application Security

  • Cloud Security

  • Content Security

  • Endpoint Security

  • Network Security

  • Wireless Security

By End-User

  • Pharmaceuticals And Chemical Manufactures

  • Medical Device Companies

  • Health Insurance Companies

  • Hospitals & Clinics 

  • Others

By Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

Players Profiled In the Report:
AO Kaspersky Lab, Axway, Biscom Incorporated, Booz Allen Hamilton Inc., CISCO, Computer Sciences Corporation, CORL Technologies, FireEye, Inc., Flexera, ForgeRock, GENERAL ELECTRIC COMPANY, IBM Corporation, Lockheed Martin Corporation, McAfee, LLC, Northrop Grumma Corporation, Palo Alto Networks, Inc., SENSATO, Symantec Corporation, Trend Micro Incorporated and WhiteHat Security

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