Healthcare Cyber Security Market Analysis, Key Drivers, Scope, Trends 2024 To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Healthcare Cyber Security Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $47.8 billion In 2028 At A CAGR Of 20.1% :

The healthcare cyber security market size has grown rapidly in recent years. It will grow from $19.24 billion in 2023 to $22.99 billion in 2024 at a compound annual growth rate (CAGR) of 19.5%. The growth in the historic period can be attributed to rising cyber threats, regulatory compliance, increased interconnectivity, data monetization concerns, awareness and education, legacy system vulnerabilities.

The healthcare cyber security market size is expected to see exponential growth in the next few years. It will grow to $47.8 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to iota security challenges, remote healthcare challenges, supply chain security, quantum computing threats, behavioral analytics adoption. Major trends in the forecast period include AI and machine learning integration, digitization of health records, rise in ransomware attacks, cloud security solutions, zero trust security models.

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Healthcare Cyber Security Market Major Segments
The healthcare cyber security market covered in this report is segmented -

1) By Threat Type: Malware, Distributed Denial of Service (DDoS), Advanced Persistent Threats (APT), Spyware, Other Treat Types
2) By Solution: Identity and Access Management, Risk and Compliance Management, Antivirus and Antimalware, DDoS Mitigation, Security Information and Event Management, Intrusion Detection System and Intrusion Prevention System, Others Solutions
3) By Security Measures: Application security, Network security, Device security, Other Security Measures
4) By Deployment: On-Premises, Cloud-Based
5) By End User: Pharmaceutical Industries, Biotechnology Industries, Hospital, Medical Device Companies, Health Insurance Companies, Other End Users

Key Driver - Growing Demand For Healthcare Cyber Security Amid Rising Cyber-Attacks

The increase in cases of healthcare cyber-attacks is expected to drive the growth of the healthcare cyber-security market going forward. The rise of digitalization in healthcare has increased the number of cyber-attacks in healthcare, which are protected by using various healthcare cyber security software, which leads to an increase in the demand for healthcare cyber security. For instance, in February 2023, according to the United States Department of Health and Human Services, a US-based federal government created to provide essential human services, healthcare providers in the United States witnessed a staggering 104% surge in data breaches from mid-2022 to mid-2023, jumping from 160 to 327 incidents. This alarming increase exposed the data of over 40 million patients, reflecting a 60% YoY rise in the first half of 2023. Therefore, the increasing cases of healthcare cyberattacks are driving the growth of the healthcare cyber security market over the coming years.

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Prominent Trend - Rising Popularity Of Technologically Advanced Healthcare Cyber Security

Technological advancement is the key trend gaining popularity in the healthcare cyber security market. Major companies operating in the healthcare cyber security market are focused on developing technologically advanced products to strengthen their market position. For instance, in 2021, Trend Micro Incorporated, a Japan-based company operating in healthcare cyber security, launched Trend Micro Vision One, which works on XDR (extended detection and response) technology. XDR usually collects and automatically correlates data across multiple security layers through email, endpoints, servers, cloud workloads, and networks. Trend Micro Vision One will provide detection and quicker analysis of threats, respond to them, and prioritize threats to send alerts to control setup for further investigation in healthcare organizations.

Healthcare Cyber Security Market Players
Major companies operating in the healthcare cyber security market report are Irdeto a Verizon company, Lockheed Martin Corporation, Intel Corporation, IBM Corporation, Cisco Systems Inc., Northrop Grumman Corporation, Broadcom Inc., Atos SE, Booz Allen Hamilton Inc., Palo Alto Networks Inc., Symantec Corporation (formerly), McAfee LLC, Check Point Software Technologies Ltd., Trend Micro Incorporated, Athenahealth Inc., Kaspersky Lab, CyberArk Software Ltd., Imperva Inc., FireEye Inc., Imprivata Inc., Allscripts Healthcare Solutions Inc., Claroty Inc., Forescout Technologies Inc, Menlo Security Inc., Bitglass Inc., Medigate Ltd., Fortified Health Security Inc., Sensato Cybersecurity Solutions Inc., CybelAngel, Armis Inc., Cerner Corporation, CrowdStrike Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the healthcare cyber security market in 2023. The regions covered in the healthcare cyber security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Healthcare Cyber Security Market Report Structure
3. Healthcare Cyber Security Market Trends And Strategies
4. Healthcare Cyber Security Market - Macro Economic Scenario
5. Healthcare Cyber Security Market Size And Growth
…..
27. Healthcare Cyber Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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