Global Healthcare Internet of Things (IoT) Security Market, by Component (Solution, Services), by Security Type (Application Security, Network Security, Other Security Types), by End-Use (Hospitals, Surgical Centers & Clinics, Government & Defense Institutions, Research, and Diagnostic Laboratorie) and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Healthcare Internet of Things (IoT) Security Market Overview:

The global healthcare Internet of Things (IoT) security market is projected to reach a valuation of USD 36269.26 Mn by 2032 at a CAGR of 36%, from USD 1675.52 Mn in 2022.

Despite the fact that the application of IoT in healthcare is still in its infancy, there has been an exponential growth in its application in recent years, and this trend is projected to continue. Health monitoring, as well as the management of personal health and fitness using wearable devices that can be worn or implanted in a patient’s body, are just some of the applications for an IoT-based healthcare system. It could also be used to care for pediatric or elderly patients, as well as to monitor chronic diseases. A patient’s health profile could be captured with an IoT-based medical device that is either worn or attached to a patient’s body, the captured data could then be analyzed remotely and stored, and this stored data from various sensors devices could then be aggregated. Using this data, caregivers and other medical practitioners could then remotely monitor patients and respond accordingly based on the analysis and aggregation.

Using IoT-based devices such as health wearables and other IP-based sensored devices to monitor the health of patients, such as blood pressure, and temperature, as well as in collecting and sharing vital data about a patient’s health status has been found to greatly help improve diagnosis, allowing for continuous, real-time monitoring, which in turn, allows caregivers and other medical practitioners to easily intervene in the event of an emergency and to also follow-up on a patient’s health.

The Internet of Things (IoT) is a network of interconnected devices that exchange data. IoT can be anything from a wearable device to a car. Healthcare IoT is the set of information and communication technologies that support medical professionals in diagnosing, treating, and monitoring patients. Medical devices, such as pacemakers or insulin pumps, record health-related data which is then transferred to software for analysis. This new system has immense potential to improve patient care.

The healthcare IoT security market is expected to grow at a significant pace over the forecast period, owing to the increasing prevalence of digital health applications for predictive analytics and remote monitoring, the increased adoption of Electronic Health Records (EHRs), a surge in mobile medical applications, as well as mounting government regulations concerning data protection.

Healthcare Internet of Things (IoT) Security is an issue that needs to be addressed in order to protect and maintain the safety and security of patients, as well as hospitals and communities. As the use of IoT in healthcare applications increases, so does the need for effective cybersecurity measures. Hospitals must implement cyber-safe practices with revamped IT equipment and systems in place, as well as to adopt strategies that educate staff members on best practices when using such technologies.

The demand for healthcare IoT security continues to increase as more medical devices are delivered to hospitals, homes, and even airplanes. Healthcare organizations must now implement strategies in order to prepare for this surge. This is necessary because many healthcare IoT devices are vulnerable to cyberattacks.

Healthcare organizations are increasingly realizing the benefits of IoT for their business operations, with many industries such as logistics, manufacturing, and retail experiencing lower operational costs. However, current cybersecurity vulnerabilities put these organizations at risk of potential cyber-attacks, which could lead to significant data breaches.

Global Healthcare Internet of Things (IoT) Security Market Revenue (USD Mn), 2021–2031:

The Internet of Things (IoT) is a new trend in technology with the potential to change the world. Healthcare IoT Security is one of the many different facets of this new technology that promises to enhance healthcare services. The correct implementation of this technology promises to deliver better care, provide greater access to health-related information, and improve coordination among providers.
The healthcare industry, like many others, is transitioning from a traditionally paper-based workflow to the Internet of Things (IoT) technology. However, along with this technological progress comes a number of potential risks that must be addressed. With the increase in data breaches and ransomware attacks, cybersecurity has become a major concern for health organizations. In addition to these external threats, there are also internal operational risks associated with IoT technology such as device proliferation without adequate network security protocols.

In January 2018, 250,000 medical records were stolen from a US research institute for dermatology. This record contained sensitive information including social security numbers and insurance details. Data breaches can have long-term effects on affected individuals and institutions.

There are numerous security vulnerabilities that affect the use of IoT-based devices in the healthcare sector, some of which may be traced back to the design/architecture of these devices as well as their software components. A lot has been done to ensure that these devices are secure enough to minimize the impact of security breaches on the lives of patients whose well-being may be dependent on the proper operation of these devices in part or whole.

Key Players:

This research report on the global healthcare internet of things (iot) security market includes major company profiles such as

• Cisco Systems Inc.
• Oracle Corporation
• Intel Corporation
• Trend Micro Inc.
• Kaspersky Lab
• Deutsche Telekom AG
• Dell Corporation
• Inside Secure SA
• Agile Cyber Security Solutions LLC
• Symantec Corporation
• Others.

Detail Segmentation:

Global Healthcare Internet of Things (IoT) Security Market Segmentation Based on Component, Security Type, End-Use, and Region

Based on Component

• Solutions
• Services

Based on Security Type

• Application Security
• Network Security
• Endpoint Security
• Cloud Security
• Other Security Types

Based on End-Use

• Hospitals
• Surgical Centers & Clinics
• Clinical Research Organizations
• Government & Defense Institutions
• Research
• Diagnostic Laboratories

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

For the Healthcare Internet of Things (IoT) Security Market research study, the following years have been considered to estimate the market size: