Medical Device Security Market Size, Status and Precise Outlook- McAfee LLC, Palo Alto Networks Inc., IBM Corporation, Imperva Inc., Fortinet Inc., General Electric Company

The Latest report about the Medical Device Security market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Medical Device Security market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

The medical device security market is expected to register a CAGR of approximately 8.3% during the forecast period (2020-2025).

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:  Check Point Software Technologies, Cisco Systems Inc., FireEye Inc., McAfee LLC, Palo Alto Networks Inc., IBM Corporation, Imperva Inc., Fortinet Inc., General Electric Company, ClearDATA

News and Updates

- February 2020 - GE Healthcare introduced a new cybersecurity service offering that brings together medical device expertise, artificial intelligence (AI), and process management tools to help hospital groups in their fight against cybersecurity threats.

- May 2019 - Medigate, a dedicated medical device security and asset management platform, expanded its services to clinical IoT and general IoT devices. The company enabled accurate and comprehensive device discovery, contextual and behavioral anomaly detection, and clinical policy enforcement for Health Delivery Organizations (HDO) entire clinical networks.

Market Overview

- Endpoints of several medical devices (MRI scanners, surgery robots, X-ray machines, and dental devices) are internet-enabled with IP networks. These endpoints are prone to security threats by hackers. Thus, endpoint security has become increasingly important for data protection, as well as for the protection of systems from unauthorized manipulation and prevention of the use of malicious software.

- There has been a growing trend of adoption of connected and wearable medical devices. Medical devices with configurable embedded computer systems are more vulnerable to cybersecurity threats. With a rise in the use of medical devices across healthcare organizations, device manufacturers and hospitals have become more vigilant in improving their network security.

- Also, medical devices in the hospital rooms in intensive care units are integrated into a cloud-based infrastructure for online sharing of encrypted healthcare data. This gives rise to the need for providing security for medical devices, which is further contributing to the growth of the medical device security market.

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Medical Device Security market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

North America is Expected to Dominate the Market

- The United States and Canada are the developed countries with prosperous economies, the aging population, and advanced medical delivery systems. However, they vary measurably in population size, healthcare spending intensities, aggregate GDP levels, and the structure of health insurance plans.

- With advanced primary medical community, extensive medical and life science research activities, high healthcare spending intensity, and large pharmaceutical and medical supply and device industries, the United States accounts for one of the worlds largest markets for healthcare services.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Medical Device Security industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Medical Device Security market research includes the methodical description of the various factors such as the market growth and detailed information about the different company's revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Medical Device Security Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Medical Device Security market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Medical Device Security market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Medical Device Security Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) - Market Insights Reports
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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