Medical Device Security Market Size Set For Explosive Growth | Cisco Systems, CA Technologies, Check Point Software Technologies

Medical device security is a type of security system which prevents hackers and other unauthorized user from gaining access to critical medical devices and the data generated by the medical devices. In addition, various hospitals and other healthcare organizations are using connected medical devices, which help healthcare providers to monitor and treat patients more effectively. The report combines in-depth quantitative analysis with exhaustive qualitative analysis, ranging from a macro-overview of the overall market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region. As a result, the report offers a comprehensive view of the market that addresses all of its key facets. These market hypotheses are supported by data that comes from both primary and secondary research.

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Thus, to prevent this device from various ransomware and cyberattacks, organizations are using medical device security tools, which positively impact the growth of the market. Furthermore, medical device security system provides various benefits, which include customized security to each device, integrated security system in each device, secure communication channel between two devices, and others.
The key factors that drive the growth of the global medical device security market include growth in demand for connected medical devices in the healthcare sector and increase in cyberattacks on connected medical devices.

In addition, surge in adoption of IoT based medical devices in the healthcare sector positively impacts the growth of the market. However, lack of awareness regarding the medical security devices among the emerging countries and limited healthcare security budgets are expected to hamper the market growth. On the contrary, rise in adoption of cloud-based medical device security across the globe is expected to offer remunerative opportunities for the expansion of the global market during the forecast period.
The global medical device security market is segmented on the basis of component, deployment model, security type, device type, end user, and region. In terms of component, the market is fragmented into solution and services.

On the basis of deployment model, the market is bifurcated into on-premise and cloud. Depending on security type, it is classified into endpoint security, network security, application security, cloud security and other. On the basis of device type, it is categorized into stationery medical devices, internally embedded medical devices and external medical devices & consumer wearable. According to end user, it is classified into healthcare institutions, medical device manufacturers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of global medical device security market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global market is provided in the report.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.

KEY MARKET PLAYERS
- Cisco Systems, Inc.
- CA Technologies
- Check Point Software Technologies
- DXC Technology
- Fortinet Inc.
- IBM Corporation
- McAfee, LLC
- Palo Alto Networks
- Sophos Ltd
- Symantec Corporation

Key Market Segments
By Component
- Solution
o Identity & Access Management (IAM)
o Antivirus/Antimalware
o Encryption
o Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
o Data Loss Prevention (DLP)
o Disaster Recovery
o Distributed Denial of Service (DDoS)
o Other Solutions
- Service
o Implementation & integration service
o Consulting service
o Support & maintenance service

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By Deployment Model
- On-Premise
- Cloud

By Security Type
- Endpoint Security
- Network Security
- Application Security
- Cloud Security
- Other

By Device Type
- Stationery Medical Devices
- Internally Embedded Medical Devices
- External Medical Devices & Consumer Wearable

By End User
- Healthcare Institutions
- Medical Device Manufacturers
- Others.

By Region
- North America
o U.S.
o Canada
- Europe
o UK
o Germany
o France
o Italy
o Spain
o Russia
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea
o Singapore
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East
o Africa

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