Global Healthcare Cyber Security Market by Solution Type (DDoS Mitigation, Identity and Access Management, and Other Solution Type), By Threat Type (Malware, DDoS, Spyware, and Other Threat Type), By End-Use (Hospitals, Pharma & Chemicals, and Other End-Use), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Healthcare Cyber Security Market Overview:

Global Market for healthcare cyber security was worth USD 13,861.2 million in 2021. It is projected to grow at a CAGR of 17.1% from 2023 to 2032.

The market is driven by rising privacy and security concerns, increasing cyber-attacks, and greater adoption of advanced cybersecurity solutions. The market will also grow due to the rising adoption of cloud-based solutions for healthcare, increased adoption of smartphones and connected devices, and the adoption of 5G technology.

Global Healthcare Cyber Security Market Analysis

Solution Type Analysis

Antimalware and antivirus dominated the healthcare cybersecurity market and represented a 27.2% revenue share in 2021. There are many solutions that can be used to combat these threats. Due to the increased use of these solutions, the antivirus and antimalware segments held the largest market share. This is due to an increase in malware attacks in healthcare, which are affecting patient care and shutting down networks.

Threats Type Analysis

Malware dominated the market in cyber healthcare security. It accounted for 28.3% of the total revenue share for 2021. There are many cyber security issues in the healthcare industry. This includes malware that compromises patient privacy and system integrity, as well as Distributed Denial of Service attacks (DDoS), which disrupt providers’ ability to provide effective patient care. Ransomware is the most popular malware type because hackers are well-aware of it.

End-Use Analysis

The hospital segment had a 64.2% revenue share as of 2021. Because hospitals store a lot of patient data, they are highly vulnerable to cyber-attack. These attacks can also be used to attack private information and patient care. This will increase the use of cybersecurity. Black baud, a cloud computing firm, was hacked and exposed patient data from 46 hospitals and health systems.

A 2018 report in the American Journal of Managed Care revealed that advertising spending increased by 65% over the next two years following a security breach at hospitals. Hospitals can use this extra expense to repair their infrastructure and keep their patients happy, allowing them to compete with their market competitors. Implementing a better data security system in hospitals can reduce these costs.

Key Market Segments

By Solution Type

• DDoS Mitigation
• Identity and Access Management
• Risk and Compliance Management
• Antivirus and Antimalware
• Other Solution Type

By Threat Type

• Malware
• DDoS
• Spyware
• Advanced Persistent Threat
• Other Threat Type

By End-Use

• Hospitals
• Pharma & Chemicals
• Medical Devices
• Other End-Use

Market Dynamics

There are potential risks in the healthcare sector due to the increased use of Internet of Medical Things devices. This has driven up demand for high-end healthcare cybersecurity solutions.

Cyber security companies that specialize in healthcare provide solutions and services to protect hospitals and patients from cyber-attacks and data breaches. The practice of protecting the confidentiality, integrity, or availability of data is called cybersecurity, or information security.

Cyber security refers to a method of managing risk and software that can be used to prevent data theft and unauthorized access from hackers, devices, healthcare data, or programs. There are many advanced cyber security solutions for healthcare.

Cybercriminals are attracted to healthcare because medical data is ten times as lucrative as credit card details or banking details. The digital transformation in healthcare has led to an increase in cyber-attacks.

Regional Analysis

North America was the dominant market for healthcare cybersecurity in 2021 and had the largest revenue share at around 42.6%. The market’s growth is attributed to the presence of key players as well as the increased use of cybersecurity in healthcare organizations. The market is growing due to technological advancement and increased investment in cyber security.

Market growth can also be attributed to the development of healthcare infrastructure. Market growth is also being driven by the introduction of new products that protect data within the healthcare industry. The market for healthcare cybersecurity in the Asia Pacific is expected to grow at a profitable CAGR of 19.2% over the forecast period. This is due to increased penetration and adoption of the internet within the healthcare industry.

The market is also growing due to the increasing adoption and digitalization of Electronic Health Records, wireless medical devices, and Telemedicine. Market growth will be driven by increasing cyber-attacks within the region.

Key Regions and Countries covered in thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

To gain an advantage over their competitors in the market, key market players continue to invest in developing products that use advanced technologies. This will drive the growth in healthcare cyber security. In 2021, IBM announced that it would acquire ReaQta in the Netherlands, which is a cybersecurity threat detection company and response company. The following are some of the most prominent players in cyber healthcare security:

Маrkеt Кеу Рlауеrѕ:

• Cisco
• IBM
• FireEye
• Symantec
• Trend
• MacAfee
• Intel
• Kaspersky
• Lockheed Martin
• Northrop Grumman
• Other Key Players

For the Healthcare Cyber Security Market research study, the following years have been considered to estimate the market size: