Cyber Security in Healthcare Market Size & Share, &Trends Report 2032

Cyber Security in Healthcare Market: Industry Perspective

The global cyber security in healthcare market size was worth around USD 19.96 billion in 2023 and is predicted to grow to around USD 91.26 billion by 2032 with a compound annual growth rate (CAGR) of roughly 18.4% between 2024 and 2032. The report analyzes the global cyber security in the healthcare market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. in addition, the report explores emerging opportunities in cyber security in healthcare industry.

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Cyber Security in Healthcare Market: Overview

Rising incidents of hacking and other forms of cyber-crimes have increased the need for cyber security in the healthcare sector. The healthcare organizations are increasingly adopting cyber security solutions to keep cybercriminals at bay. The healthcare providers are taking more precautions in securing devices and connected networks, which, in turn, is increasing the popularity of healthcare cyber security tools and solutions.

Earlier, the healthcare industry implemented healthcare IT infrastructure to access, send, and receive EHR. However, in today’s connected health environment, cyber security is a critical strategic asset that is being addressed by every organization globally. The key factors driving the cyber security in healthcare market is the increasing number of cyber-attack threats, as the medical records contain huge volumes of information that can be used to perform identity fraud. Personal health information carries huge value in the black market than any other industry. Moreover, the rise in the number of patent infringement cases and growth in the loss of patient health records and medical identity frauds are also expected to propel this market. Recent estimates have suggested that from 2020 to 2023, more than 47 million healthcare records were compromised in data breaches. However, the lack of awareness related to cybersecurity may hamper the cyber security in healthcare market.

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Cyber Security in Healthcare Market: Segmentation Analysis

The study provides a decisive view of cyber security in the healthcare market by segmenting it based on deployment type, security type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on deployment, the market includes cloud-based and on-premises. Based on security type, the market includes application security, content security network security, endpoint security, cloud security, and wireless security.

The end-user segment comprises medical device companies, pharmaceutical and chemical manufacturers, health insurance companies, hospitals and clinics, and others.

Cyber Security in Healthcare Market: Report Scope

Cyber Security in Healthcare Market: Regional Analysis

North America and Europe are anticipated to dominate the global cyber security in healthcare market and are likely to hold major market shares in the future. The major factor contributing to these regional markets’ growth is the increased number of cyberattacks targeting various healthcare organizations, the presence of popular healthcare providers, and increased investments made in R&D activities. The increased use of networked devices and the rising adoption of digital patient records have further propelled the market growth in North America and Europe. The Asia Pacific cyber security in healthcare market is also projected to show a high growth rate in the years ahead, owing to rapid improvements witnessed in the healthcare industry and the growing R&D centers across the region.

Cyber Security in Healthcare Market: Competitive Analysis

Some of the major players in the global cyber security in healthcare market include:

• AO Kaspersky Lab
• Axway
• Biscom incorporated
• Booz Allen Hamilton
• CISCO
• Computer Sciences Corporation
• CORL Technologies
• FireEye
• Flexera
• ForgeRock
• General Electric
• IBM
• Lockheed Martin Corporation
• McAfee
• Northrop Grumman Corporation
• Palo Alto Networks
• SENSATO
• Symantec Corporation
• Trend Micro incorporated
• WhiteHat Security

The global cyber security in healthcare market is segmented as follows;

Deployment Type Analysis

• On-Premises
• Cloud-Based

Security Type Analysis

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

End-User Analysis

• Pharmaceutical and Chemical Manufactures
• Medical Device Companies
• Health Insurance Companies
• Hospitals and Clinics
• Others

Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa