Market Overview:
The global connected medical devices security market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing number of cyber-attacks on healthcare organizations, growing demand for connected medical devices, and rising awareness about connected medical device security among healthcare professionals. The global connected medical devices security market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into hardware, software, and network components. The hardware segment accounted for the largest share of the global connected medical devices security market in 2017 owing to increased adoption of advanced technologies in hospitals and clinics across different regions worldwide.
Product Definition:
A connected medical device is any piece of technology that is used in the diagnosis, treatment or monitoring of a patient. These devices can include anything from surgical instruments to heart monitors to pacemakers. The security of these devices is important because they can be used to access sensitive patient data or even control critical medical functions. Connected medical devices are increasingly being targeted by hackers, so it is important for hospitals and other healthcare providers to take steps to protect them.
Hardware:
Hardware is the part of medical devices that directly contributes to improving patient care. It's primary function is to collect, transfer and process data from one or more sensors and convert it into useful information for the user. Hardware components are used in almost all types of medical devices including diagnostic equipment, therapeutic & monitoring devices, smart implants (wearable), mobile apps & software etc.
Software:
Software is the set of instructions, rules, or protocols that are used to direct or control the operation of a computer program and facilitate communication between multiple components. In other words, software is an electronic medium that allows the user to access data or perform specific tasks according to requirements. It comprises a series of interacting processes through which input data is converted into output data by performing specific operations.
Medical devices comprise various sensors.
Application Insights:
Based on application, the market is segmented into hospitals, clinics, laboratories and other medical devices. The clinics segment dominated the market in 2017 owing to increasing demand for connected healthcare services. Increasing demand for minimally invasive procedures has led to an increase in the number of surgeries being performed as compared to a decade ago. This has resulted in increased usage of medical equipment such as computers and electronic health records (EHRs) which have created opportunities for vendors across the globe.
The hospitals segment is expected to witness significant growth over the forecast period due to growing investments by governments across countries such as India and China that are leading towards development of advanced healthcare facilities at a domestic level along with collaborations among international companies that offer solutions & services related to hospital connectivity, safety & security systems along with technological advancements made possible through IoT-based systems.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing adoption of connected devices, high disposable income, and growing demand for healthcare IT systems & services in this region. Moreover, presence of major players such as Honeywell International Inc.; Johnson & Johnson Services Inc.; and GE Healthcare are contributing towards growth of this regional market.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising number of product launches by key players in countries like China.
Growth Factors:
- Increasing demand for connected medical devices and the subsequent increase in the number of cyber-attacks on these devices is expected to drive the growth of the connected medical devices security market.
- The growing trend of Bring Your Own Device (BYOD) is also anticipated to fuel the growth of this market as it increases vulnerability to cyber-attacks.
- The increasing use of cloud-based services for storing and managing healthcare data is also expected to create new opportunities for players in this market.
- Stringent government regulations pertaining to data privacy and security are likely to propel the growth of this market over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Medical Devices Security Market Research Report
By Type
Hardware, Software, Network Components
By Application
Hospitals, Clinics, Laboratories, Other
By Companies
UL LLC (US), Whitescope (US), Battelle (US), Coalfire Systems (US), Drager Medical GmbH (Germany), Extreme Networks (US), Synopsys (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Connected Medical Devices Security Market Report Segments:
The global Connected Medical Devices Security market is segmented on the basis of:
Types
Hardware, Software, Network Components
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Laboratories, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UL LLC (US)
- Whitescope (US)
- Battelle (US)
- Coalfire Systems (US)
- Drager Medical GmbH (Germany)
- Extreme Networks (US)
- Synopsys (US)
Highlights of The Connected Medical Devices Security Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Network Components
- By Application:
- Hospitals
- Clinics
- Laboratories
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Medical Devices Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected Medical Devices Security is a term used to describe the security measures that are in place for medical devices. These measures may include features that help protect against unauthorized access, tampering, and theft.
Some of the major companies in the connected medical devices security market are UL LLC (US), Whitescope (US), Battelle (US), Coalfire Systems (US), Drager Medical GmbH (Germany), Extreme Networks (US), Synopsys (US).
The connected medical devices security market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Medical Devices Security Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Medical Devices Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Medical Devices Security Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Medical Devices Security Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Medical Devices Security Market Size & Forecast, 2020-2028
4.5.1 Connected Medical Devices Security Market Size and Y-o-Y Growth
4.5.2 Connected Medical Devices Security Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Network Components
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Laboratories
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Medical Devices Security Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Medical Devices Security Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Network Components
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Laboratories
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Network Components
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Laboratories
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Network Components
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Laboratories
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Network Components
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Laboratories
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Network Components
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Laboratories
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Medical Devices Security Market: Competitive Dashboard
14.2 Global Connected Medical Devices Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UL LLC (US)
14.3.2 Whitescope (US)
14.3.3 Battelle (US)
14.3.4 Coalfire Systems (US)
14.3.5 Drager Medical GmbH (Germany)
14.3.6 Extreme Networks (US)
14.3.7 Synopsys (US)
