Healthcare Cybersecurity Market (By Threat Type: Malware, Advanced Persistent Threat, Distributed Denial-Of-Service, Others; By Solution: Antivirus and Antimalware, Risk and Compliance Management, Identity and Access Management, Security Information and Event Managemen, DDOS Mitigation, Others; By End User: Hospitals, Health Insurance, Pharmaceuticals and Biotechnology) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

The global healthcare cybersecurity market size is expected to reach around US$ 12 Bn by 2027 and growing at a CAGR of 16% during the forecast period 2020 to 2027.

Cyber protection is a technique that uses different tools to secure computers, networks and services from digital threats. Healthcare cyber security is a way to secure patient and healthcare records from data theft and malware threats on health security systems and facilities by government organizations. The rapid increase in health data attacks over the past years is a growing problem for health cybersecurity. More than 113 Mn records were smashed in 2015 according to the Health Insurance Portability and Accountability Act (HIPAA) report. The rising breaches of data in the healthcare sector are driving development of the industry.

The report provides analysis of global Healthcare Cybersecurity market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Dynamics

Cyberattacks are expected to be the key drivers of development on the global healthcare cyber security market, privacy abuses is also the key aspect. Cybersecurity technologies will be implemented by an growing number of healthcare institutions to secure patients and their own data. The growth, in tandem with the increasing usage of notebooks, smartphones, tablets, and other mobile devices, of connected medical devices and digital medical recording systems is expected to provide the tendency and increase consumer demand. A main strategy embraced by leading players operating within the global healthcare cyber security market, followed by convergence and acquisition, may rely on the development of advanced technological solutions. The accelerated transition to cloud computing is expected to give additional boost to consumer demand. There may be more openings in the industry, as actors look to introduce innovative approaches to increase their participation.

Regional Stance

North America held significant market share in 2019 and anticipated to govern the market amid the projected time span. Owing to the safety and protection issues involved with digital medical information, the health sector is one of the most regulated sectors in the world. The Health Information Technology for Economic and Clinical Safety (HITECH) Act, such as the Health Insurance Portability and Transparency Act (HIPAA), ensure steady progress for cybersecurity technologies to enter the country's health care market. Regulations are being adopted.

Europe in the projected to gain the second highest market share. Throughout Europe the demand for healthcare information defense is more. European economies such as Germany, UK, Italy, France etc. has maximum market share. Throughout this area, highly advanced medical & healthcare infrastructure is the source of business growth, and high investment on healthcare Technology encourages business development in that field.

Report coverage

The market research study on “Healthcare Cybersecurity Market (Healthcare Cybersecurity Market By Threat Type: Malware, Advanced Persistent Threat, Distributed Denial-Of-Service, Others; Healthcare Cybersecurity Market By Solution: Antivirus and Antimalware, Risk and Compliance Management, Identity and Access Management, Security Information and Event Management, DDOS Mitigation, Other; Healthcare Cybersecurity Market By End User: Hospitals, Health Insurance, Pharmaceuticals and Biotechnology) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Healthcare Cybersecurity market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Healthcare Cybersecurity market size, and segment markets by threat type, solution, end use, and geography along with the information on companies operating in the market. The Healthcare Cybersecurity market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Healthcare Cybersecurity market is segmented as below:

Market Segmentation

Healthcare Cybersecurity Market By Threat Type

• Malware
• Advanced Persistent Threat
• Distributed Denial-Of-Service
• Others

Healthcare Cybersecurity Market By Solution

• Antivirus and Antimalware
• Risk and Compliance Management
• Identity and Access Management
• Security Information and Event Management
• DDOS Mitigation
• Others

Healthcare Cybersecurity Market By End User

• Hospitals
• Health Insurance
• Pharmaceuticals and Biotechnology

Healthcare Cybersecurity Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such IBM, Lockheed Martin, Trend Micro, Kaspersky, FireEye, Paulo Alto Networks, MacAfee, Symantec, Ciscand Northrop Grumman, Others.

The introduction of products as their main approach, followed by collaborations and alliances has been embraced by leading industry players. Healthcare Cybersecurity saw the big product releases in comparison to high-efficiency and narrower device goods.