According to the research report, the global healthcare cybersecurity market size & share was valued at USD 12.66 billion in 2021 and is expected to reach USD 51.40 Billion By 2030, to grow at a CAGR of 17.5% during the forecast period.
What is Healthcare Cybersecurity? How Big is Healthcare Cybersecurity Market?
Cybersecurity in healthcare includes safeguarding electronic information and assets from unaccredited access, use, and disclosure. Cybersecurity goals include protecting the integrity, confidentiality, and availability of data. In today’s electronic world, cybersecurity and healthcare firms have exclusive hospital information systems like EHR systems, e-prescribing systems, practice management support systems, radiology information systems, and computerized physician order entry systems.
Ransomware is a significant threat to the integrity, confidentiality, and availability of information. When ransomware infects a machine and device, the files and alternative data are naturally encrypted, access is opposed, and ransom is demanded. Essentially, the cybercriminal holds the data hostage, and a demand is made to pay the ransom to return the data to the user. But paying the ransom is not a warranty that the data will be restored. Ransom may be paid in some cases, but data is never refreshed despite assurance to the contrary.
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Healthcare cybersecurity market: Growth leading factors
The internet of medical thing tools for superior patient care pushes up prospective threats in the healthcare sector, overemphasizing the demand for advanced healthcare cybersecurity solutions. Healthcare cyber security organizations offer healthcare establishments cyber security services and clarification to secure their hospitals and patient information from cyber-attacks and data breaches.
Healthcare is an attractive target for cybercriminals as medical data is ten or twenty times more profitable than banking details and credit cards. Also, the digital transformation of healthcare for a few years has grown the prevalence of cyberattacks. For example, the latest cyberattack on Ireland’s department of health and health service executive was influenced by a human-controlled ‘Conti’ ransomware attack which gravely paralyzed many HSE systems and warranted a clampdown of the majority of other systems.
There has been a positive impact of the covid-19 pandemic on the healthcare cybersecurity market. Due to the covid-19 outbreak, cyberattacks on clinical testing databases, digital healthcare apps and platforms, medical diagnostic systems, and progressive healthcare devices have increased.
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Healthcare cybersecurity market: Report Scope
Report Attribute
Details
Market Size 2021 Value
USD 12.66 billion
Market Outlook for 2030
USD 51.40 billion
Expected CAGR Growth
17.5% from 2022 – 2030
Base year
2020
Forecast period
2022 – 2030
Segments covered
By Type of Solution, By Type of Threat, By End-Use, By Region
Key Companies
Broadcom Inc., Checkpoint Software Technologies Ltd., Cisco Systems, Inc., Crowdstrike Holdings, Inc, FireEye, Inc., Fortified Health Security, Fortinet Inc., IBM Corp., Imperva, Intel Corporation, Juniper Networks, Inc., Kaspersky Lab, Lockheed Martin Corp, LogRhythm, Inc., McAfee LLC, Medigate, Northrop Grumman Corporation, NortonLifeLock Inc., Palo Alto Networks, Sensato Cybersecurity Solutions, Sophos Ltd., Symantec Corporation, and Trend Micro Inc.
Regional scope
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Customization Options
Customized purchase options are available to meet your research needs.
Healthcare cybersecurity market: Key segmentation
By type of solution, the antivirus and antimalware segment dominated the market as several solutions have been developed to solve the various threats. Some practical solutions include recognition and access management, probability and compliance management, security information and event management, intrusion detection system, and data encryption software. By type of threat, the malware segment dominated the market because of the inclusion of malware that accommodates system integrity and patient privacy. By end-use, the hospital segment dominated the market because hospitals were endangered from cyber-attack as it stores an incredible amount of patient data. Further, these attacks are spiked during the pandemic intimidating patient care and private data.
By region, North America dominated the market for cyber healthcare security and deemed the largest revenue share. The factors for the growth are the prevalence of key players and the grown application of cyber security in healthcare organizations. The growing investment in cyber security and technological progression is pushing the market. Additionally, the advanced healthcare infrastructure is accredited to market growth. Also, the launch of innovative products to protect the data in the healthcare industry is contributing to market growth. In the Asia Pacific, there is a surge in the market for healthcare cyber security because of the growing adoption and penetration of the internet in the healthcare industry. Additionally, the growth in digitalization and acquisition of electronic health records (EHRs), wireless medical devices, and telemedicine is fuelling the market growth.
Browse the full “Healthcare Cybersecurity Market Share, Size, Trends, Industry Analysis Report, By Type of Solution; By Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices, Others), By End-Use (Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals, Others), By Region; Segment Forecast, 2022 – 2030” Report at https://www.polarismarketresearch.com/industry-analysis/healthcare-cybersecurity-market
Important Questions Being Answered by The Market Report
The market primarily depends on the type of solution, type of threat, end-use, and region
Healthcare cybersecurity market: By type of solution
Healthcare cybersecurity market: By type of threat
Healthcare cybersecurity market: By end-use
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