Medical Device Security Market Regional Outlook, Development Trends, Key Manufacturers Analysis and Competitive Analysis by 2028 | Cleardata, General Electric Company, Sophos LTD., MCAFEE, Palo Alto Networks

Recently, The Global Medical Device Security Market provides a holistic evaluation of the healthcare industry. This rise is expected to create new data security and privacy challenges. The risk of security breaches has increased incessantly, putting at stake the confidentiality of patients' information along with device efficiency and safety. Driven by these vulnerabilities, manufacturers across the globe are working assiduously to enhance network security alongside threats remediation. These risks require continual reevaluation, particularly for devices holding patients' critical data.

Over the forecasted period, the healthcare industry is envisaged to witness some major overhauls, and the market for medical device security is set to scale up owing to concurrent evolutions in devices' security.

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Security Assurance, Prevention of Cyber Attacks Impels Growth Across Medical Device Security Market

A considerable increase in the usage of medical devices such as pacemakers and insulin pumps is more exposed to cyber threats. Projections further point out that patients' data has become more prone to zero-day exploits and cyberattacks. Cybercriminals are constantly spying on vulnerabilities to take control of the devices. Irrespective of the intent of the hack that could ransom or prank, the medical data of patients is put in jeopardy. Consequently, the loss of private health data could pose severe threats to the privacy of people and significantly affect their lives. In response, federal agencies such as the FDA are drafting guidelines for post-market surveillance and management. These guidelines outline the implementation of a strong password and encryption techniques that ensure the protection of devices.

Incorporating blockchain technology could enhance the security posture of medical devices. This technology gives patients granular access control over each transaction, so they can choose the accessibility and visibility of data. On the whole, the market for medical device security is lucrative with growth opportunities. Growing vulnerabilities and unethical activities thrust the demand for secured medical devices across the world.

Key players that are dominating the global medical device security market -

1. CloudPassage
2. Check Point Software Technologies Ltd.
3. Cisco Systems Inc.
4. Cleardata
5. General Electric Company
6. Sophos LTD.
7. MCAFEE
8. Palo Alto Networks
9. International Business Machines Corporation LLC
10. DXC Technology Company

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Stringent Policies, Well-informed Customers Drive Market Expansion in North America

The medical device security market is growing at a significant pace in North America. In the recent past, the demand for connected devices that promote real-time data to healthcare providers has risen considerably. The U.S. holds the most prominent share in the regional market. Customers in the region are well aware of the consequences of confidential data exposure and cyber threat which augments growth of the medical device security market.

Moreover, stringent regulatory policies laid by the Department of Health and Human Services (HHS) are steering the growth across the region. The focal point of these policies is to encrypt wireless communications that are connected via the internet or include embedded/downloadable software applications. This ensures that the data is being operated in a safe and secure environment. Constant FDA recalls and security vulnerability management further fuels the demand for medical device security.

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