The Worldwide Healthcare Cyber Security Industry is Expected to Reach $28.4 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Healthcare Cyber Security" report has been added to ResearchAndMarkets.com's offering.

The Global Healthcare Cyber Security Market size is expected to reach $28.4 billion by 2027, rising at a market growth of 16.3% CAGR during the forecast period.

Key Market Players

• Cisco Systems, Inc.
• FireEye, Inc.
• IBM Corporation
• Kaspersky Lab
• Lockheed Martin Corporation
• Fortified Health Security
• Palo Alto Networks, Inc.
• Sensato
• Symantec Corporation (Broadcom, Inc.)

Cyber security technologies and solutions are constantly getting advanced because of the ever-changing threat landscape, where threats are becoming more sophisticated and damaging. In the present connected health environment, cyber security has become a necessity for healthcare organizations as it is a crucial strategic asset that is being deployed by all companies.

In the last couple of years, the healthcare sector has deployed a healthcare information technology (healthcare IT) infrastructure to access, forward, and receive electronic health data. As medical records have a big volume of data that can be utilized for identity theft and fraud (like social security numbers, claims data, or addresses), personal health information has a superior value on the black market as compared to other industries.

The growth of healthcare cyber security is expected to witness bright prospects due to the surge in the number of cyberattacks in the healthcare sector, increase in the number of threats, and growing concerns regarding privacy and security. The growing cases of data breaches and cyberattacks around the world have increased the concerns, hence boosting the demand for cyber security solutions in the global market. For example, the Secretary of U.S. Department of Health and Human Services (HHS) Breach of Unsecured Protected Health Information reported 592 breaches of unsecured protected health data impacting above 500 individuals in the past two years that are presently being investigated by the Office for Civil Rights.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic fueled the deployment of cyber security services and solutions due to the rise in the number of threats of data breaches and increase cases of cyberattacks in the healthcare system. The demand for cyber security solutions is expected to be driven by the increasing phishing cases in the healthcare industry during the global pandemic.

The requirement and adoption of cyber security are anticipated to be boosted by the rise in penetration of the internet and the adoption of digital platforms by the healthcare sector. Moreover, the high adoption rate of advanced cyber security solutions is expected to contribute to the growth & demand of healthcare cyber security solutions during the forecasting period. In addition, the rise in investments in healthcare cyber security by several healthcare companies and government initiatives is expected to create new growth avenues for the overall healthcare cyber security market during the forecasting period.

Market Growth Factors:

• The growing number of government regulations and rising adoption of mobile device applications and platforms
• High requirement for a robust authentication mechanism

Market Restraining Factor:

• Absence of trained professionals

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

2.1 Introduction

2.1.1 Overview

2.1.2 Market Composition and Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 Cardinal Matrix

3.2 Recent Industry Wide Strategic Developments

3.2.1 Partnerships, Collaborations and Agreements

3.2.2 Product Launches and Product Expansions

3.2.3 Acquisition and Mergers

3.2.4 Geographical Expansions - Healthcare Cyber Security Market

3.3 Top Winning Strategies

3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)

3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun - 2021, Jun) Leading Players

Chapter 4. Global Healthcare Cyber Security Market by Threat Type

4.1 Global Malware Market by Region

4.2 Global DDoS Market by Region

4.3 Global Advanced Persistent Threat Market by Region

4.4 Global Spyware Market by Region

4.5 Global Lost or Stolen Devices Market by Region

4.6 Global Other Threat Type Market by Region

Chapter 5. Global Healthcare Cyber Security Market by End Use

5.1 Global Hospitals Market by Region

5.2 Global Health Insurance Market by Region

5.3 Global Pharma & Chemicals Market by Region

5.4 Global Medical Devices Market by Region

5.5 Global Other End uses Market by Region

Chapter 6. Global Healthcare Cyber Security Market by Solution

6.1 Global Antivirus and Antimalware Healthcare Cyber Security Market by Region

6.2 Global Intrusion Detection System/ Intrusion Prevention System Healthcare Cyber Security Market by Region

6.3 Global Security Information and Event Management Healthcare Cyber Security Market by Region

6.4 Global Identity and Access Management Healthcare Cyber Security Market by Region

6.5 Global Risk and Compliance Management Healthcare Cyber Security Market by Region

6.6 Global DDoS Mitigation Healthcare Cyber Security Market by Region

6.7 Global Others Healthcare Cyber Security Market by Region

Chapter 7. Global Healthcare Cyber Security Market by Region

Chapter 8. Company Profiles

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