Through the use of connected internet facilities, hospitals are increasing their security. Medical devices are also connected to cyber security, or internet security, in order to improve healthcare systems and services and provide better facilities. The risks associated with the internet, on the other hand, increase the misuse of data and other cyber threats. Medical devices are also vulnerable to security issues, which could compromise their safety and effectiveness. As a result, in order to protect medical data and other related information, connected medical device security is used by a variety of players and hospitals.
MARKET SCOPE
The "Global Connected Medical Devices Security Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the connected medical devices security market with detailed market segmentation by component, security type, device type and end user. The report provides key statistics on the market status of the leading connected medical devices security market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type of component the market is segmented as, solutions and services.
- Based on security type the market is segmented as, network security, application security, endpoint security, cloud security and others.
- Based on device type the market is segmented as, hospital devices, internally embedded medical devices and wearable and external medical devices.
- Based on end user the market is segmented as, medical device manufacturers, healthcare payers and healthcare providers.
MARKET DYNAMICS
Drivers:
- Technological advancements in healthcare sector and rising adoption of IoT.
- Increasing need to protect medical devices, medical information from the cyberattacks and possible threats.
- Growing demand for connected medical devices due to modern and advanced hospital setups.
- Increasing penetration of information technology in healthcare sector.
Restraints:
- However, lack of awareness in regard to medical devices security along with limited healthcare budgets in some developing countries are likely to restrain market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The connected medical devices security market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the connected medical devices security market in these regions.
IMPACT OF COVID-19ON CONNECTED MEDICAL DEVICES SECURITY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the connected medical devices security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from connected medical devices security market are anticipated to lucrative growth opportunities in the future with the rising demand for connected medical devices security in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the connected medical devices security market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- General Electric
- Koninklijke Philips N.V.
- CISCO SYSTEMS
- Sophos Ltd.
- IBM
- DXC Technology Company
- FireEye, Inc
- Check Point Software Technologies Ltd
- Palo Alto Networks
- Fidelis Cybersecurity, Inc