The growing sense of security has increased the demand for advanced cybersecurity solutions in healthcare organizations. In a modern connected world, the healthcare sector have been accelerating the pace of their digital transformation with the emergence of digital technologies such as the internet of things (IoT), cloud computing, and big data. The proliferation of connected devices in healthcare organizations has created a security blind spot where cybercriminals or hackers can attack devices like webcams, routers, printers, and IoT medical equipment such as ventilators and respirators. According tothe Global Connected Industries Cybersecurity Survey from Swedish software company, Irdeto, in 2019, around 82% of healthcare providers that have implemented IoT devices have experienced cyberattacks.
MARKET SCOPE
The "Global Healthcare cybersecurity Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Healthcare cybersecurity market with detailed market segmentation by type of threat, security measures, deployment, end user and geography. The report provides key statistics on the market status of the leading Healthcare cybersecurity market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type of threat, the global Healthcare cybersecurity market is segmented into Advanced Persistent Threats (APT), Distributed Denial-Of-Service (DDoS), Malware, Other Threats.
- Based on security measures, the market is categorised into Antivirus and Antimalware, DDoS Mitigation, Identity and Access Management, Risk and Compliance Management, Security Information and Event Management (SIEM), Other Solutions.
- Based on deployment, the market is categorised into on-premises, cloud-based.
- Based on end user, the market is segmented into Hospitals and Clinics, Health Insurance Companies, Medical Devices Companies, Pharmaceuticals and Biotechnology Companies, Other End Users.
MARKET DYNAMICS
Drivers:
- Growing cases of healthcare cyber-attacks in developed as well as developing economies
- Rising security and regulatory compliance related issues in North America and Europe
- Increasing incidences of data leaks in developing countries
- Technological advancements in healthcare cybersecurity software
Restraints:
- High cost of healthcare cyber security solutions.
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 Healthcare cybersecurity 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 marketduring 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 Healthcare cybersecurity market in these regions.
IMPACT OF COVID-19ON HEALTHCARE CYBERSECURITY MARKET
The COVID-19 outbreak has forced healthcare settings to utilize remote-care devices which lacks proper protection, thereby giving opportunities to cyber threats and attacks. With cyber threats such as PPE phishing scams and ransomware attack, hackers and scammers are seizing on the chaos of the COVID-19 crisis. Thus, the healthcare organizations are focusing on advanced technologies in cybersecurity such as artificial intelligence, machine learning, and big data for protection against such threats. According to HIPAA Journal, the INTERPOL has issued an alert to hospitals over ongoing ransomware attacks during the coronavirus pandemic and issued a 'Purple Notice' alerting police forces in all 194 member countries.
MARKET PLAYERS
The report covers key developments in the healthcare cybersecurity 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Healthcare cybersecurity market are anticipated to lucrative growth opportunities in the future with the rising demand for Healthcare cybersecurity in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Healthcare cybersecurity 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.
- Imperva
- Symantec Corporation
- Cisco Systems
- FireEye
- IBM
- Palo Alto Networks
- Fortified Health Security
- Trend Micro Incorporated
- McAfee
- Atos SE