Healthcare Cybersecurity to Profit from Inventive Advancements Made During COVID-19 Epidemic
Healthcare Cybersecurity Market was valued at USD 11.17 Billion in 2021 and is projected to reach USD 15.25 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 18.1% between 2022 and 2028. Healthcare Cybersecurity Market encompasses the adoption of online security solutions and services by healthcare organizations to protect their patient and hospital information from data breaches and cyber-attacks.
Part of the service includes end-user spending on consultation, design and integration, risk assessment, and training. Part of the solution includes deploying online healthcare solutions such as law enforcement detection, business continuity and disaster recovery, cloud and data centers, data loss protection, ownership and access control, mobile devices, and risk management and compliance online security solutions across health care organizations. place. globe.
The outbreak of COVID-19 has forced medical facilities to use remote care tools that lack adequate protection, thus providing opportunities for cyber-attacks. Cyber threats such as PPE theft and ransomware attacks, hackers and fraudsters are taking part in the COVID-19 crisis. Therefore, healthcare organizations are focusing on advanced cybersecurity technologies such as artificial intelligence, machine learning, and large data protection against such threats. Healthcare Cybersecurity will play an important role in the safety and security of healthcare providers from online threats. This is a good sign for the growth of the Healthcare Cybersecurity industry. Increasing the use of smartphones as an attack vector, and the growing demand for advanced cybersecurity solutions coupled with increased investment in advanced technology is expected to contribute to the growth of the Healthcare Cybersecurity Market. On the other hand, lack of awareness about cybersecurity related to the healthcare industry can act as a barrier, thereby disrupting the growth of the Healthcare Cybersecurity Market.
The Global Healthcare Cybersecurity Market can be segmented on the basis of threat type into ransomware, malware & spyware, distributed denial of service, phishing & spear phishing, and other threats. For such threats, security measures like application security, network security, and device security are employed in the market. The Healthcare Cybersecurity Market can be either on-premises or cloud-based, based on deployment. End users included in the market are hospitals, pharmaceutical & biotechnology industries, and healthcare providers among others. The segment of healthcare providers is expected to respond with the largest share of Healthcare Cybersecurity Market. Much of this section is driven primarily by a growing number of data security concerns, growing awareness about electronic health records (EHRs), and support systems.
Healthcare Cybersecurity Market has been studied in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The is estimated to control the largest share of the Healthcare Cybersecurity Market. Much of this region is largely due to factors such as the presence of major players and a few emerging start-ups in the region, the availability of highly developed medical and health infrastructure, high spending on healthcare information technology, and the proliferation of cloud-based solutions. However, the Asia-Pacific region is expected to see rapid growth during forecasts driven by the proliferation of cyberattacks, the increasing use of connected devices, the growing legal requirements for patient care and safety.
A few of the leading cybersecurity players also see this problem as a new opportunity to redesign and revise their existing strategies and improve their portfolio of products. In July 2020, Medigate partnered with TRIMEDX, an industry-leading provider of clinical asset management solutions for medical engineering services programs. This partnership will provide an integrated solution that provides real-time visibility to connected medical devices.
Some major key players in the Global Healthcare Cybersecurity Market are .
Browse the full Report - Healthcare Cybersecurity Market by Solution (Identity and Access Management, Risk and Compliance Management, Antivirus and Antimalware, DDoS Mitigation), by Threat (Malware, DDoS, Advanced Persistent Threat, Spyware), by Region (North America, Europe, Asia Pacific, Latin America), by End User (Pharmaceuticals and Biotechnology, Health Insurance, Hospitals, Other End Users) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)