Healthcare industry has
gone through rapid digitalization globally. Nowadays, healthcare organizations
are spending significant capitals for enhanced patient monitoring systems and
healthcare information systems. This transition has uplifted the prospects for
cyber security market in the healthcare sector, and the market size was
evaluated at $5.46 billion as of 2018. Following the increased number of
cyber-attacks, the market for the same is expected to grow at a compound annual
growth rate (CAGR) of 14.16% through the forecast period of 2018 to 2025,
according to a market intelligence report by IndustryARC’s analyst.
The report is titled
“Cyber Security Market in Healthcare: By Type (Service, Solutions); By End User
(Providers, Business Associates, Payers); By Geography - Forecast (2019-2025).”
The report contains comprehensive insights related to trends, outlook, demands,
forecast, and geographical distribution in the market.
Global
Cyber Security Market in Healthcare: Leading Segments
By application, cloud
security system is the fastest growing application in the cyber security market
in healthcare. The urgency of cyber security in healthcare will instigate the
application growth at a CAGR of 18.57% during the forecast period of 2019 to
2025.
By region, North America
held the largest market for cyber security in healthcare as of 2018, the region
was accounted to grab 37.61% of the total cyber security healthcare market
share. Growing awareness about cyber breaches among healthcare organizations
and rising end-user expenditure of advanced cyber security solutions is driving
this regional cyber security market in healthcare.
Global
Cyber Security Market in Healthcare: Industry Analysis
According to
the U.S. Department of Health and Human Services [1] ,
around 1 million electronic health records (EHRs) were compromised in the year
2017. The leak affected the credibility of legitimate medical records which
could have caused loss of life in some instances. Therefore, the application of
stringent security methods is paramount in the healthcare industry for data
loss protection. Health information management systems are being employed in
hospitals for breach detection and identity & access management. Profits in
the cyber security market in healthcare are certain because of the cyber-attacks
in the healthcare industry are proving to be inevitable. Advanced cloud &
data centres that provide optimized health information technology for the
safety of patient records is the competitive aspect for the key players in the
global cyber security market in healthcare.
Global
Cyber Security Market in Healthcare Trends
·
Cloud-based storage is being employed to
contain sensitive healthcare details. Cloud provides a real-time updatability
and availability of the data which is helpful in tracking the status of medical
reports. The market shift from conventional data storing and accessing
techniques to cloud-based techniques is spreading massively, which is expected
to concur profits in the cyber security in healthcare market.
·
An upsurge of medical IoT devices is
proposed to connect sophisticated in-hospital diagnostic equipment to the
Internet. This connection of sensitive devices might become one of the reasons
for the data breach, while artificial intelligence is also on the brink of its
application in the healthcare industry. This transition towards innovative
technologies may act as a boon or bane to the healthcare industry.
Cyber
Security Market in Healthcare: Competitive Landscape
Some of the key companies
identified in the report that are currently holding majority shares in the
cyber security market in healthcare are Cisco Systems, Inc., FireEye, Inc., IBM
Corporation, Kaspersky Lab, Lockheed Martin Corporation, MacAfee, Inc.,
Northrop Grumma Corporation, Palo Alto Networks, Inc., Sensato, and Symantec
Corporation.
Talk to one of our sales
representative about the full report by providing your details in the link
below:
https://www.industryarc.com/support.php?id=17946
Related
Reports:
A. Cyber Security in
Fintech Market
https://www.industryarc.com/Report/17945/cyber-security-market-in-fintech.html
B. Cyber Security Market
https://www.industryarc.com/Report/15646/cyber-security-market.html
What
can you expect from the report?
The global cyber security market in healthcare is
prepared with the main agenda to cover the following 20 points:
1. Market Size by Product
Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current
& Future Market Landscape Analysis
9. Mergers &
Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
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data in application or end user industry.
2. Increase the number of
countries in geography chapter.
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for other smaller companies or companies which are of interest to you.
4. Company profiles can
be requested based on your interest.
5. Patent analysis,
pricing, product analysis, product benchmarking, value and supply chain
analysis can be requested for a country or end use segment.
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500
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Electronics, Food and Beverages, Information Technology, and Life sciences and
Healthcare.
References
–
[1]https://ocrportal.hhs.gov/ocr/breach/breach_report.jsf