Global Healthcare Cyber Security Market Report and Forecast 2024-2032

Global Healthcare Cyber Security Market Outlook

The global healthcare cyber security market attained a value of about USD 12,512.62 million in 2023. The market is further expected to grow at a CAGR of 15.40% during the forecast period of 2024-2032 to reach nearly USD 45,415.10 million by 2032.

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Increasing Cases of Internet Frauds in the Healthcare Sector to Propel the Market Growth of Healthcare Cyber Security

The global market for healthcare cyber security is being driven by the robust adoption of digital services in the healthcare sector. As a result of this, there has been a substantial rise in the number of cyber threats such as phishing scam, ransomware attack, among other types of data breach attacks. Thus, the rising adoption of healthcare cyber security to prevent healthcare frauds is propelling the market growth. In addition to this, the outbreak of coronavirus further impelled the healthcare providers to adopt remote patient medical devices that lack proper protection and hence invigorating the market penetration of healthcare cyber security systems. Moreover, owing to the rising market penetration of the Internet of Things (IoT), there has been a rise in the number of connected devices in the healthcare sector, which, in turn, provides unethical hackers to exercise scams, hence furthering the market growth of healthcare cyber security systems.

Healthcare Cyber Security: Market Segmentation

Healthcare cyber security refers to a system deployed in the healthcare sector like clinics and hospitals to protect the electronic information and assets from unauthorised access, use, and disclosure.

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Based on type, the market can be divided into:

• Service
• Solution

On the basis of security type, the market can be segmented into:

• Application Security
• Cloud Security
• Content Security
• Endpoint Security
• Network Security
• Wireless Security
• Others

The EMR report looks into the regional markets of healthcare cyber security like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

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Rising Use of Advanced Digital Technology to Bolster the Market Growth of Healthcare Cyber Security

The global market for healthcare cyber security is anticipated to be driven by the rising government investments for the development of cyber security solutions in the healthcare sector. Owing to this, leading players in the industries are constantly developing and upgrading advanced solutions to prevent the risk of cyber-attacks in hospitals, clinics, and other medical institutions, which are expected to propel the market growth in the coming years. Further, the usage of advanced security systems such as authentication solutions including two-factor and multi-factor authentication, biometric solutions like fingerprint scanner, among others driven by advanced digital technologies like Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), among others are projected to stimulate the market growth of healthcare cyber security over the forecast period.

Key Industry Players in the Global Healthcare Cyber Security Market

The report presents a detailed analysis of the following key players in the global healthcare cyber security market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

• Cisco Systems, Inc.
• Fireeye, Inc.
• IBM Corporation
• Kaspersky LAB
• Macafee, Inc.
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report