Key Influencer in the Medical Device Security Market 2025: Impact Of Rising Cyber-Attacks On Healthcare On Medical Device Security Driver

What industry-specific factors are fueling the growth of the medical device security market?
The increasing frequency of cyberattacks in healthcare is expected to accelerate the growth of the medical device security market. Healthcare cyberattacks target systems, devices, and data, aiming to disrupt services or steal sensitive information. These attacks are rising due to advancements in cybersecurity infrastructure and collaborative efforts to share threat intelligence. Medical device security prevents these cyberattacks by protecting devices, data, and networks. For instance, in October 2023, the U.S. Department of Health and Human Services reported that healthcare data breaches were occurring almost daily, with over 364,000 records being compromised each day. Therefore, the rise in healthcare cyberattacks is boosting the medical device security market.

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What Is the projected market size and growth rate for the medical device security market?
The medical device security market will expand from $6.81 billion in 2024 to $7.43 billion in 2025 at a CAGR of 9.0%, fueled by rising cybersecurity threats, growing interconnected medical devices, and value-based care models.

The medical device security market is expected to grow strongly, reaching $10.35 billion by 2029 at a CAGR of 8.7%. Growth is driven by a focus on supply chain security, the shift to remote healthcare, increasing healthcare investments, and rising IoT adoption in medical devices. Major trends include technological advancements, embedded security solutions, collaborations between healthcare organizations and cybersecurity vendors, and AI and machine learning integration.

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What new trends are reshaping the medical device security market and its opportunities?
Companies in the medical device security market are working on comprehensive zero-trust security solutions to strengthen the protection of medical devices. These solutions ensure that every user and device is verified before accessing a network. In December 2022, US-based Palo Alto Networks introduced Medical IoT Security, a zero-trust solution designed to safeguard medical devices critical to patient care. This solution employs machine learning to create automated security responses and manage device vulnerabilities.

What major market segments define the scope and growth of the medical device security market?
The medical device security market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Security Type: Endpoint Security, Network Security, Application Security, Cloud Security, Other Security Types
3) By Deployment Mode: On-Premise, Cloud-Based
4) By End User: Healthcare Institutions, Medical Device Manufacturers, Other End Users

Subsegments:
1) By Solutions: Security Software (Antivirus, Firewalls, Encryption), Network Security Solutions ( Intrusion Detection Systems, Vpns), Authentication And Access Control Solutions ( Multi-Factor Authentication), Risk And Compliance Management Solutions, Endpoint Security Solutions ( Device Monitoring, Patch Management)
2) By Services: Managed Security Services, Security Consulting Services, Vulnerability Assessment And Penetration Testing Services, Incident Response And Forensic Services, Training And Awareness Services

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Which region dominates the medical device security market?
North America was the largest region in the medical device security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the medical device security industry growth?
Major companies operating in the medical device security market are General Electric Company, International Business Machines Corporation, Cisco Systems Inc., Koninklijke Philips N.V., DXC Technology Company, Palo Alto Networks, Synopsys Inc., Fortinet Inc., Check Point Software Technologies Ltd., McAfee LLC, Trend Micro Inc., Zscaler Inc., FireEye, Sophos Ltd., Irdeto B.V., Imperva Inc., Armis Inc., Protegrity USA Inc., Silex Technology America Inc., ClearData, Cynerio Ltd., Zingbox Inc., CloudPassage Inc., Cylera Inc., Bayshore Networks Inc.

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What Is Covered In The Medical Device Security Global Market Report?

•Market Size Forecast: Examine the medical device security market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical device security market for a structured understanding.
•Key Players Overview: Analyze major players in the medical device security market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical device security market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical device security market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical device security market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical device security market.
•Competitive Landscape: Review strategic developments in the medical device security market, including expansions, agreements, and new product launches.

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