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Cybersecurity in Healthcare Market Analysis By Solution (Identity and Access Management, Risk and Compliance Management, Antivirus and Antimalware, DDoS Mitigation, Security Information and Event Management, Intrusion Detection System/ Intrusion Prevention System, Others),Threat, End User, Regional Outlook, and Competitive Market Share Analysis, 2022–2028

Format: PDF | Pages: 288 | Report ID: MRS1247


Report Description

The global Cybersecurity in Healthcare market size was valued at USD 13,800.5 million in 2021, expanding at a CAGR 18.2% from 2022-2028 to reach 55,601.3 Million USD in 2028.

Market Dynamics

Cybersecurity in Healthcare market is expected to witness substantial growth over the forecast period. The growing cyberattacks, the increasing risk to privacy and related security concerns, and the increasing use of cutting-edge cyber security solutions are the primary reasons fueling the global market for cyber security in healthcare. The market is anticipated to grow significantly during the forecast period as a result of increasing adoption of connected devices and smartphones, cloud-based healthcare solutions, and 5G technology.

Healthcare is a desirable target for cybercriminals since medical data is ten to twenty times more profitable than credit card or banking information. The current digital revolution in the healthcare sector has also resulted in a rise in the frequency of cyberattacks. For instance, recent assaults on Ireland's Department of Health and Health Service Executive included a human-operated "Conti" ransomware attack that severely disabled numerous HSE systems and required the suspension of the majority of its other systems (HSE). The aforementioned factors are encouraging the growth of the healthcare cyber security industry.

Regional Insights

North America held a regional lead in the healthcare cyber security market in 2020, and is anticipated to keep it due to its stringent healthcare privacy laws over the forecast period. Additionally, the rise in cyberattacks in the area is anticipated to fuel the market for healthcare cyber security technologies during the course of the projected period. However, the Asia-Pacific region is likely to experience considerable growth during the forecast period due to various technological and economic improvements in the area, which is anticipated to fuel the expansion of healthcare cyber security solutions in the region over the next few years.

Segment Dynamics

The Cybersecurity in Healthcare market is fragmented into the solution, threat and end-user segments. Based on the solution, the Identity and Access Management segment is anticipated to dominate the market. By threat, the Malware segment is projected to grow at the highest CAGR during the forecast period. By end-user, the Pharma & Chemicals segment is expected to hold the majority of the market share.

Competitive Insights

The Cybersecurity in Healthcare market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in November 2021, IBM announced the expansion of  its cyber security and response capabilities by purchasing ReaQta, a Dutch business that specialises in cyber security threat detection and response.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Cybersecurity in Healthcares by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Cisco
  • IBM
  • FireEye
  • Symantec
  • Trend Micro
  • MacAfee
  • Intel
  • Kaspersky
  • Lockheed Martin
  • Northrop Grumman
  • Imperva Inc
  • Fortinet Inc
  • Medigate

Solution (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Identity and Access Management
  • Risk and Compliance Management
  • Antivirus and Antimalware
  • DDoS Mitigation
  • Security Information and Event Management
  • Intrusion Detection System/ Intrusion Prevention System
  • Others

Threat Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Malware
  • DDoS
  • Advanced Persistent Threat
  • Spyware
  • Lost or Stolen Devices
  • Others

End User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Pharma & Chemicals
  • Medical Devices
  • Health Insurance
  • Hospitals
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Cybersecurity in Healthcare market size was valued at USD 13,800.5 million in 2021, expanding at a CAGR 18.2% from 2022-2028 to reach 55,601.3 Million USD in 2028.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Cybersecurity in Healthcare market is expanding at a CAGR 18.2% from 2022-2028 to reach 55,601.3 Million USD in 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Cybersecurity in Healthcare market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in November 2021, IBM announced the expansion of its cyber security and response capabilities by purchasing ReaQta, a Dutch business that specialises in cyber security threat detection and response.

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