Market Overview:
The global medical device security market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in this market can be attributed to the increasing number of cyber-attacks on medical devices and the subsequent need for enhanced security solutions. Additionally, the growing demand for connected and wearable medical devices is also contributing to the growth of this market. The application security segment is expected to dominate the global medical device security market during the forecast period, owing to the increasing number of cyber-attacks on hospital medical devices. The endpoint security segment is also projected to grow at a high rate during the forecast period, due to rising concerns over data privacy and protection among healthcare organizations.
Product Definition:
Medical device security is the protection of medical devices from unauthorized access, use, disclosure, disruption, or destruction. The importance of medical device security is that it helps protect patients and their data.
Application Security:
Application security is the part of software development lifecycle that deals with threats to applications. It includes methods, techniques and tools for preventing malicious attacks on applications. Application security has become a necessity rather than a luxury in today’s world where digitalization is increasing at an exponential rate coupled with rising cyber-attacks causing data breaches in organizations resulting in financial losses and reputation damage.
Endpoint Security:
Endpoint security and it's usage in medical device security market is a new term that was created to define the broad range of measures taken to protect computers, laptops, tablets, smartphones from threats. These devices are used by healthcare providers for patient care as well as business operations. The endpoint includes all the electronic devices that are directly connected to a computer network such as workstations or servers used in hospitals or clinics.
Application Insights:
Based on application, the global medical device security market is segmented into hospital medical devices, internally embedded medical devices, wearable and external medical devices and cloud security. The hospital medical device segment dominated the overall application security market in 2017 due to increasing cyberattacks that target hospitals as they are considered high-value targets.
Hospital systems are highly dependent on electronic health records for patient safety and efficient operations. Thus, an increase in cyberattacks targeting hospitals will result in increased adoption of cybersecurity solutions across these systems to enhance their resilience against such attacks. Furthermore, a rise in demand for technologically advanced healthcare services will also drive this industry over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of medical device manufacturers and suppliers, which makes it prone to cyberattacks. The U.S.-based hospitals are particularly at risk from cyberattacks as they have high-value systems that need protection from hackers, thereby increasing demand for security solutions in this region.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to rising investments by governments and private companies for developing healthcare infrastructure coupled with growing patient awareness levels regarding quality treatment and safety issues arising out of hospital-acquired infections (HAIs). These factors are anticipated to drive demand for medical devices, thereby driving growth across all segments including networked medical devices (NMDs) & smart wearables segment over the forecast period.
Growth Factors:
- Increasing demand for connected medical devices and BYOD policies in healthcare organizations
- Proliferation of ransomware and other cyber-attacks on medical devices
- Stringent government regulations for data security and privacy in the healthcare sector
- Growing need to protect patient safety and prevent data breaches
- Emergence of new technologies such as AI, machine learning, and blockchain that can improve medical device security
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Device Security Market Research Report
By Type
Application Security, Endpoint Security, Network Security, Cloud Security, Others
By Application
Hospital Medical Devices, Internally Embedded Medical Devices, Wearable and External Medical Devices
By Companies
Cisco, Symantec, IBM, GE Healthcare, Koninklijke Philips, Broadcom, Mcafee, Check Point Software, Cloudpassage, Palo Alto Networks, Cleardata, DXC Technology, Sophos, Imperva, Fortinet, Zscaler, Fireeye
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Medical Device Security Market Report Segments:
The global Medical Device Security market is segmented on the basis of:
Types
Application Security, Endpoint Security, Network Security, Cloud Security, Others
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
Hospital Medical Devices, Internally Embedded Medical Devices, Wearable and External Medical Devices
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:
- Cisco
- Symantec
- IBM
- GE Healthcare
- Koninklijke Philips
- Broadcom
- Mcafee
- Check Point Software
- Cloudpassage
- Palo Alto Networks
- Cleardata
- DXC Technology
- Sophos
- Imperva
- Fortinet
- Zscaler
- Fireeye
Highlights of The Medical Device 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:
- Application Security
- Endpoint Security
- Network Security
- Cloud Security
- Others
- By Application:
- Hospital Medical Devices
- Internally Embedded Medical Devices
- Wearable and External Medical Devices
- 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 Medical Device 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
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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?
Medical device security is the practice of protecting medical devices from unauthorized access, use, or modification. Medical devices can include anything from pacemakers to surgical tools. Security measures may include passwords and encryption schemes, as well as regular monitoring for signs of tampering.
Some of the major companies in the medical device security market are Cisco, Symantec, IBM, GE Healthcare, Koninklijke Philips, Broadcom, Mcafee, Check Point Software, Cloudpassage, Palo Alto Networks, Cleardata, DXC Technology, Sophos, Imperva, Fortinet, Zscaler, Fireeye.
The medical device security market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Device 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 Medical Device Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Device 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 Medical Device 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 Medical Device Security Market Size & Forecast, 2018-2028
4.5.1 Medical Device Security Market Size and Y-o-Y Growth
4.5.2 Medical Device Security Market Absolute $ Opportunity
Chapter 5 Global Medical Device Security 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 Medical Device Security Market Size Forecast by Type
5.2.1 Application Security
5.2.2 Endpoint Security
5.2.3 Network Security
5.2.4 Cloud Security
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Device Security 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 Medical Device Security Market Size Forecast by Applications
6.2.1 Hospital Medical Devices
6.2.2 Internally Embedded Medical Devices
6.2.3 Wearable and External Medical Devices
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Device 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 Medical Device 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 Medical Device Security Analysis and Forecast
9.1 Introduction
9.2 North America Medical Device Security 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 Medical Device Security Market Size Forecast by Type
9.6.1 Application Security
9.6.2 Endpoint Security
9.6.3 Network Security
9.6.4 Cloud Security
9.6.5 Others
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 Medical Device Security Market Size Forecast by Applications
9.10.1 Hospital Medical Devices
9.10.2 Internally Embedded Medical Devices
9.10.3 Wearable and External Medical Devices
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 Medical Device Security Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Device Security 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 Medical Device Security Market Size Forecast by Type
10.6.1 Application Security
10.6.2 Endpoint Security
10.6.3 Network Security
10.6.4 Cloud Security
10.6.5 Others
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 Medical Device Security Market Size Forecast by Applications
10.10.1 Hospital Medical Devices
10.10.2 Internally Embedded Medical Devices
10.10.3 Wearable and External Medical Devices
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 Medical Device Security Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Device Security 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 Medical Device Security Market Size Forecast by Type
11.6.1 Application Security
11.6.2 Endpoint Security
11.6.3 Network Security
11.6.4 Cloud Security
11.6.5 Others
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 Medical Device Security Market Size Forecast by Applications
11.10.1 Hospital Medical Devices
11.10.2 Internally Embedded Medical Devices
11.10.3 Wearable and External Medical Devices
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 Medical Device Security Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Device Security 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 Medical Device Security Market Size Forecast by Type
12.6.1 Application Security
12.6.2 Endpoint Security
12.6.3 Network Security
12.6.4 Cloud Security
12.6.5 Others
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 Medical Device Security Market Size Forecast by Applications
12.10.1 Hospital Medical Devices
12.10.2 Internally Embedded Medical Devices
12.10.3 Wearable and External Medical Devices
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) Medical Device Security Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Device Security 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) Medical Device Security Market Size Forecast by Type
13.6.1 Application Security
13.6.2 Endpoint Security
13.6.3 Network Security
13.6.4 Cloud Security
13.6.5 Others
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) Medical Device Security Market Size Forecast by Applications
13.10.1 Hospital Medical Devices
13.10.2 Internally Embedded Medical Devices
13.10.3 Wearable and External Medical Devices
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 Medical Device Security Market: Competitive Dashboard
14.2 Global Medical Device Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco
14.3.2 Symantec
14.3.3 IBM
14.3.4 GE Healthcare
14.3.5 Koninklijke Philips
14.3.6 Broadcom
14.3.7 Mcafee
14.3.8 Check Point Software
14.3.9 Cloudpassage
14.3.10 Palo Alto Networks
14.3.11 Cleardata
14.3.12 DXC Technology
14.3.13 Sophos
14.3.14 Imperva
14.3.15 Fortinet
14.3.16 Zscaler
14.3.17 Fireeye
