Healthcare Cyber Security Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Healthcare Cyber Security Market size accounted for USD 18.3 Billion in 2022, growing at a CAGR of 17.5% from 2023 to 2033. The Healthcare Cyber Security Market refers to the industry segment that focuses on providing cybersecurity solutions and services to protect the information technology (IT) infrastructure and data within the healthcare sector. With the increasing digitization of healthcare systems and the widespread use of electronic health records (EHRs), medical devices, and other digital technologies, the healthcare industry has become more vulnerable to cyber threats.

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The Healthcare Cyber Security Market is primarily driven by the increasing Cyberattacks. Healthcare organizations are a prime target for cyberattacks due to the sensitive data they hold, including patient records and financial information. The frequency and sophistication of cyberattacks are increasing, making it more challenging for healthcare organizations to defend themselves.

Key Players
Some of the major Healthcare Cyber Security Market players holding high market shares include Cisco, IBM, Kaspersky, Intel Corporation, Northrop Grumman Corporation and Symantec Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Palo Alto Networks Inc, Atos SE, McAfee and FireEye Inc.

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Segmental Analysis
Based on Solution Type, the Healthcare Cyber Security Market is segmented into antivirus & antimalware, risk & compliance management, security information & event management, DDOS mitigation, and identity & access management. The risk & compliance management segment dominated the market. Healthcare risk & compliance management determines, assesses, and implements policies and procedures to protect critical assets from potential threats. Healthcare organizations must recognize proper risk management as it is essential to the industry due to the sensitive nature of healthcare data.

Based on End User, the Healthcare Cyber Security Market is segmented into hospitals & clinics, pharmaceuticals & biotechnology industries, health insurance companies, and medical devices companies. The hospitals & clinics segment dominated the market. Hospitals are particularly vulnerable to cyberattacks as they store large amounts of patient data. A rise in these attacks also co-occurred as the pandemic jeopardized private information and health care.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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