Medical Device Security Solutions Market is Expected to Exhibit Significant Growth Over 2024 By - Broadcom Inc., Check Point Software Technologies, Ltd. , Cisco, ClearDATA, CloudPassage"Medical Device Security Solutions Market" size report 2020-2024 provides development trends, competitive landscape analysis, and key regions development status. Medical Device Security Solutions market study is based on different features like segments, growth rate, revenue, leading players, regions, and forecast. Medical Device Security Solutions market report is a valuable source of guidance and direction for companies and individuals interested in the industry.
Global Medical Device Security Solutions market size is estimated to grow at CAGR of over 8% with Revenue USD 301.04 million during the forecast period 2020-2024. The "YOY (year-over-year) growth rate for 2020 is estimated at 7.83%" by the end of 2024.
"Final Report will add the analysis of the impact of COVID-19 on this industry."
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About Medical Device Security Solutions Market:
Medical Device Security Solutions Market analysis considers sales from wearable and external medical devices, hospital medical devices, and internally embedded medical devices. Our study also finds the sales of medical device security solutions in APAC, Europe, MEA, North America, and South America. In 2018, the wearable and external medical devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing awareness about lifestyle disorders and familiarity with new technologically advanced devices will play a significant role in the wearable and external medical devices segment to maintain its market position. Also, our global medical device security solutions market report looks at factors such as growing concerns about healthcare data, growing adoption of IoT and connected devices in the health care industry, and stringent government regulations. However, use of outdated platforms in healthcare industry, lack of awareness regarding security and technical issues, and low expenditure on healthcare security may hamper the growth of the medical device security solutions industry over the forecast period.
Market Dynamics of Medical Device Security Solutions Market Report:
Drivers: Growing Adoption Of Iot And Connected Devices In The Healthcare Industry.
Trends: Increasing Demand For Cloud-Based Solutions.
Opportunity: Use Of Outdated Platforms In The Healthcare Industry.
Growing adoption of IoT and connected devices in the healthcare industry
Healthcare organizations are gradually moving toward creating a connected hospital infrastructure with the aid of IoT to provide timely and improved care. IoT is increasingly leveraged in the healthcare industry through various applications, including telemedicine, connected imaging, medication management, and inpatient monitoring. However, the increasing use of connected medical devices coupled with increasing deployment of IoT has made computer systems more vulnerable to cybersecurity threats. This is prompting stakeholders in the healthcare sector to increase their focus on improving network security and forming robust healthcare IT infrastructure. Thus, with the growing adoption of IoT and connected devices will lead to the expansion of the global medical device security solutions market at a CAGR of over 8% during the forecast period.
Increasing demand for cloud-based solutions
The deployment of cloud computing in the healthcare industry has increased considerably in recent years as it offers business agility, privacy, and security at lower costs. Cloud computing quickens the access of electronic medical records and enables the storage of clinical statistical data related to hospitals and clinics. Furthermore, factors including the rising need to comply with regulations, growing penetration of high-speed networks, and rising digital awareness are increasing the adoption of cloud-based solutions in the healthcare sector. This development is expected to have a positive impact on the overall market growth.
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Top Key Players in the Medical Device Security Solutions Market:
o Broadcom Inc.
o Check Point Software Technologies Ltd.
o Cisco Systems Inc.
o ClearDATA Networks Inc.
o CloudPassage Inc.
o General Electric Co.
o International Business Machines Corp.
o Koninklijke Philips NV
o McAfee LLC
o and Palo Alto Networks Inc.
The Medical Device Security Solutions market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.
Medical Device Security Solutions Market Segmentation Covers:
MARKET SEGMENTATION BY DEVICE:
o Wearable and external medical devices
o Hospital medical devices
o Internally embedded medical devices
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our Medical Device Security Solutions market covers the following areas:
o Medical Device Security Solutions market sizing
o Medical Device Security Solutions market forecast
o Medical Device Security Solutions market industry analysis
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What Global Medical Device Security Solutions Market Report Offers?
o Provides strategic profiling of key players in the Medical Device Security Solutions market.
o Drawing a competitive landscape for the world Medical Device Security Solutions industry.
o Describes insights about factors affecting the Medical Device Security Solutions market growth.
o Analyze the Medical Device Security Solutions industry share based on various factors- price analysis, supply chain analysis etc.
o Extensive analysis of the industry structure along with Medical Device Security Solutions market forecast 2020-2024.
o Granular Analysis with respect to the current Medical Device Security Solutions industry size and future perspective.
Regions Covered in Medical Device Security Solutions Market Report:
o North America
o South America
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Some Points Covered from Medical Device Security Solutions Market TOC:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
o 2.1 Preface
o 2.2 Preface
o 2.3 Currency conversion rates for USD
PART 03: MARKET LANDSCAPE
o Market ecosystem
o Market characteristics
o Market segmentation analysis
o Value chain analysis
PART 04: MARKET SIZING
o Market definition
o Market sizing 2019
o Market size and forecast 2019-2024
o Market outlook
PART 05: FIVE FORCES ANALYSIS
o Bargaining power of buyers
o Bargaining power of suppliers
o Threat of new entrants
o Threat of substitutes
o Threat of rivalry
o Market condition
PART 06: MARKET SEGMENTATION BY Product Type
o Market segmentation by product
o Comparison by product
o Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
o Geographic segmentation
o Geographic comparison
o North America - Market size and forecast 2019-2024
o Europe - Market size and forecast 2019-2024
o Asia - Market size and forecast 2019-2024
o ROW - Market size and forecast 2019-2024
o Key leading countries
o Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
o Market drivers
o Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
o Landscape disruption
o Competitive scenario
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
o Research methodology
o List of abbreviations
o Definition of market positioning of vendors
PART 15: EXPLORE
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