Medical Device Security Market Revenue Share, Insights & Future Outlook

What is Driving Growth in the Global Medical Device Security Market?

The global Medical Device Security market was valued at US$ 3147 million in 2023 and is anticipated to reach US$ 4596.3 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030. Growth is driven by increasing cyberattacks on medical devices, rising adoption of connected healthcare devices, growing awareness among healthcare professionals about cybersecurity, and government initiatives to implement robust security solutions.

Which Regions are Leading the Demand for Medical Device Security?

North America is expected to command the largest share of the market, primarily due to increasing cyberattacks on medical devices, adoption of connected medical devices, awareness among healthcare professionals, and supportive government initiatives.

Asia Pacific is expected to grow at the highest CAGR during the forecast period. This growth is attributed to rising adoption of connected medical devices, improving healthcare infrastructure, increasing awareness of patient health information (PHI) security, and heightened attention to medical device security solutions due to cyber threats in healthcare organizations.

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Who are the Key Players Shaping the Medical Device Security Market?

The global Medical Device Security market is shaped by leading cybersecurity and healthcare technology companies that specialize in protecting medical devices, patient data, and networked healthcare environments.

Segment by Type:
• Application Security
• Endpoint Security
• Network Security
• Cloud Security
• Others

Segment by Application:
• Hospital Medical Devices
• Internally Embedded Medical Devices
• Wearable and External Medical Devices

By Company:
• Cisco - Specializes in network security and application protection for healthcare devices.
• Symantec - Provides comprehensive endpoint and cloud security solutions.
• IBM - Offers advanced cybersecurity platforms and managed services for medical environments.
• GE Healthcare - Focuses on integrated medical device security solutions for hospitals.
• Koninklijke Philips - Provides connected device security and healthcare IT protection.
• Broadcom - Known for enterprise cybersecurity solutions and network protection.
• McAfee - Offers endpoint security solutions for healthcare and medical devices.
• Check Point Software - Specializes in network and cloud security for connected devices.
• Cloudpassage - Provides cloud workload and application security solutions.
• Palo Alto Networks - Offers next-generation firewalls and security platforms for healthcare.
• Cleardata - Focuses on healthcare data security and compliance solutions.
• DXC Technology - Provides cybersecurity services for hospital and medical systems.
• Sophos - Specializes in endpoint protection and threat prevention for medical networks.
• Imperva - Offers application and data security solutions for healthcare applications.
• Fortinet - Known for high-performance network security and endpoint solutions.
• Zscaler - Provides cloud-based security platforms for connected healthcare devices.
• FireEye - Specializes in threat intelligence and advanced cybersecurity solutions.

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This release was published on openPR.