Healthcare Cybersecurity Adoption to See over 15% Growth by 2027, Rapid Expanse of Healthcare IT Drives Market

Up from an estimated revenue of US$13 Bn in 2022, global healthcare cybersecurity market is poised to exhibit 3.6x expansion by the end of 2027. Worldwide adoption of healthcare cybersecurity is expected to see more than 15% during this period of forecast as indicated by the latest upcoming study of Fairfield Market Research. The report suggests that the thriving boom around remote healthcare monitoring, and growing reliance on next-gen technologies like automation, and Internet of Things (IoT) for effective electronic health record (EHR) maintenance collectively drive the growth of global healthcare cybersecurity market. With an increasing number of medical facilities realising significance of critical cybersecurity measures for effectively protecting the highly vulnerable hospital administration from data thefts, demand for healthcare cybersecurity will continue to be on an uptrend. Increasing ransomware cyberattacks necessitate adoption of an efficient cybersecurity infrastructure across healthcare industry, thereby creating revenue generation opportunities in the global market.

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The Pandemic Booster Supplements Market Growth

The COVID-19 pandemic that has cast a lasting impact on several industries worldwide has also been stimulating new trend waves across certain industries. Healthcare has been one of such beneficiaries and the pandemic situation has been a major booster to the use of a wide spectrum of mobile healthcare services that further point to the potential risks of patients being susceptible to multiple medical frauds. As the healthcare IT sector has been overloaded since the past few years, effective cybersecurity has become the key concern for healthcare facilities. National healthcare budget allocations have been improving recently, with a consequent increase in health IT budgets, which points to a natural rise in the risk of healthcare cyber thefts. This is expected to contribute toward the growth of healthcare cybersecurity market to a large extent.

Demand Surges as Organisations Seek Effective Solutions to Mitigate Cyberattacks

A greater number of medical facilities, and healthcare organisations register noteworthy rate of adopting cybersecurity solutions and services with an objective of effectively protecting medical devices, preventing malware infection, and conducting penetration testing. As a growing more number of companies in healthcare industry considering housing an efficient, and trained staff as their first step toward cybercrime prevention, the market is likely to see a promising growth outlook in future. The report says that an increasing number of public health systems, and healthcare facilities have recently been considering online Web Application Fireball (WAF), Content Delivery Network (CDN), and coaching services. This will be another strong factor fostering the growth of healthcare cybersecurity market.

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Asia Pacific Likely to Demonstrate an Exceptional Opportunistic Potential in Healthcare Cybersecurity Market

Although North America remains in the bandwagon with the largest contribution toward healthcare cybersecurity market revenue, Asia Pacific has been projected as the most lucrative market for cybersecurity solution providers. This growing attractiveness is clearly attributed to the advent of technology across the Asian subcontinent, and soaring healthcare IT adoption across the region. Europe on the other hand remains the second largest market, says the report. The report forecasts emergence of the maximum opportunity across Asia Pacific.

Key Players - Healthcare Cybersecurity Market

A few of the leading players in global healthcare cybersecurity market would be subject to detailed financial and strategic analysis and profiling in the report. Cisco Systems, Inc., IBM Corporation, McAfee Corporation, Sensato Cybersecurity Solutions, Lockheed Martin Corporation, Symantec Corporation, AO Kaspersky Lab, FireEye, Northrop Grumman, and Palo Alto Networks constitute some of the major companies that would be profiled.

Global healthcare cybersecurity market is segmented as below:

By Component
• Solution
• Service

By Security Type
• Network Security
• Application Security
• Device Security
• Others

By Region
• North America
• Western Europe
• Eastern Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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