Healthcare Cybersecurity Market Size to Grow USD 35.3 billion by 2028

The global healthcare cybersecurity market size is projected to grow from USD 18.2 billion in 2023 to USD 35.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 14.2%during the forecast period. The major factors driving the market growth include the rise in cyberattacks along with security and privacy concerns, the rising acceptance of lot and connected devices, and the growth in the deployment of cloud-based solutions in the healthcare sector.

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The healthcare cybersecurity market is a rapidly growing industry that provides cybersecurity solutions for the healthcare sector. With the increasing adoption of digital healthcare technologies, such as electronic health records (EHRs), telemedicine, and mobile health applications, the healthcare sector is becoming increasingly vulnerable to cyber attacks.

The growing threat of cyber attacks on healthcare systems is one of the primary drivers of the healthcare cybersecurity market. The theft of patient data, such as medical records and personal information, can have severe consequences, including identity theft, financial fraud, and even medical identity theft.

The increasing regulatory requirements for data protection are also driving the healthcare cybersecurity market. Regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR), require healthcare organizations to implement robust data protection measures to ensure patient privacy and data security.

The growing awareness of the need for cybersecurity in healthcare is also driving the market. Healthcare organizations are increasingly investing in cybersecurity solutions, such as firewalls, antivirus software, and intrusion detection systems, to protect against cyber attacks.

Major vendors in the global healthcare cybersecurity market include IBM (US), Cisco (US), Palo Alto Networks (US), Check Point (Israel), Fortinet (US), Trend Micro (Japan), Dell EMC (US), CrowdStrike (US), Kudelski Security (Switzerland), CloudWave (US), Claroty (US), Imperva (US), LogRhythm (US), Kaspersky (Russia), Sophos (UK), Juniper (US), Forcepoint (US), Verimatrix (US), Forescout (US), Imprivata (US), SailPoint Technologies (US), Saviynt (US), JFrog (US), Fortified (US), ClearDATA (US), Cynerio (US), MedCrypt (US), Armis (US), Cylera (US), Zeguro (US), Virta Laboratories (US), Protenus (US), Censinet (US), and Sternum (Israel). These companies offer a range of cybersecurity solutions, including network security, data encryption, and threat detection and response.

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Overall, the healthcare cybersecurity market is expected to continue growing in the coming years as the healthcare sector continues to adopt digital technologies and the threat of cyber attacks on healthcare systems continues to increase.

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