Healthcare Cybersecurity Market
Healthcare Cybersecurity Market Size, Share & Trends Analysis Report by Category (Solution and Service), By Security Type (Network Security, Application Security, Device Security, and Information & Data Security), and By End User (Pharmaceuticals and Bio Technology, Health Insurance, Hospitals and Government Healthcare Organizations), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Healthcare Cybersecurity market is anticipated to grow at a CAGR of 16.1% during the forecast period (2023-2030). Cybersecurity in healthcare is very important aspect in today’s world, owing to rise in number of cyber-attacks and increased cases of data breach. The improving healthcare cyber security network is the key factor supporting the growth of the market globally. According to a report by the CyberPeace Institute, in 2022 the healthcare industry witnessed more than 21.1 million data breaches globally against more than 500 health care organizations in around 43 countries. Such instances fuel the need for global healthcare cyber security market in the coming years.
Segmental Outlook
The global healthcare cybersecurity market is segmented on the category, security type, and end user. Based on the category, the market is sub-segmented into solution and service. Based on the security type, the market is sub-segmented into Network security, application security, device security and information and data security. Further, on the basis of end user, the market is sub-segmented into pharmaceuticals and bio technology, health insurance, hospitals and government healthcare organizations. Among the end user, the hospital sub-segment is anticipated to hold a considerable share of the market owing to the huge amount of patient data they store, hospitals are particularly at risk to cyberattacks.
The Network Security Sub-Segment is Anticipated to Hold a Considerable Share of the Global Healthcare Cybersecurity Market
Among the security type, the network security sub-segment is expected to hold a considerable share of the global healthcare cyber security market. The segmental growth is attributed to the growing demand for network security in healthcare sector in past few years due to rising cases of cyber-attacks. Owing to which major businesses of the healthcare industry are focusing on investing in effective Healthcare Cybersecurity solutions for their organizations. For instance, in July 2022, Google Cloud joined the Health Information Sharing and Analysis Center (Health-ISAC) as an ambassador partner to leverage its many resources and experts to work alongside industry leaders to defend and secure the healthcare sector. Following this, Google launched the Google Cybersecurity Action Team (GCAT), which aims to align security resources and its other resources to aid the healthcare sector in enhancing cybersecurity efforts.
Regional Outlook
The global healthcare cybersecurity market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-pacific is anticipated to hold a prominent share of the market across the globe, owing to the increased adoption and perception of the internet in the healthcare industry. In addition, the increase in digitalization and adoption of Electronic Health Records (EHRs), wireless medical devices, and telemedicine is driving the market growth.
Global Healthcare Cybersecurity Market Growth by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global Healthcare Cybersecurity Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to several factors such as the presence of major key players in the region along with several emerging startups, and presence of highly developed medical and healthcare infrastructure, high spending on healthcare information technology (IT), the proliferation of cloud-based solutions, and the increasing frequency of cyberattacks.
Healthcare industry is one of the most regulated industries in the US owing to privacy and security concerns associated with digital patient records. Government regulations ensure steady growth in the penetration rates of cybersecurity solutions in the country's healthcare sector. For instance, the US government established the Health Insurance Portability and Accountability Act (HIPAA) to encourage healthcare institutions to keep healthcare data private and secret. Such factors will contribute to the growth of the healthcare cyber security market in this region in the coming years.
Hence, there is considerable shift of the country towards the adoption of the Healthcare Cybersecurity market solutions. For an instance, in May 2022, Clearwater acquired CynergisTek, which provides cybersecurity, compliance, and IT services to help highly regulated industries tackle security and privacy issues, for $17.7 million. This partnership strengthens CynergisTek's people-centric approach to cybersecurity, privacy, and audit and its essential role in serving the healthcare industry and its clients.
Market Players Outlook
The major companies serving the healthcare cybersecurity market include Cisco Systems Inc., McAfee Inc., IBM Corp, Intel Corp, Medigate Ltd, Northrop Grumman, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2022, Clearwater, cyber risk management and HIPAA compliance solutions vendor, acquired Tech Lock, which allows company to provide a 24*7 managed detection and response (MDR) solution that uses a proprietary security orchestration and response (SOAR) engine to track and respond to cyber threats. In addition, Clearwater also plans to leverage Tech Lock’s industry-certified assessors to provide PCI, HITRUST, and CMMC assessments and certifications.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global healthcare cybersecurity market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Cisco Systems Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IBM Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. McAfee Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Healthcare Cybersecurity Market by Component
4.1.1. Solution
4.1.2. Service
4.2. Global Healthcare Cybersecurity Market by Security Type
4.2.1. Network Security
4.2.2. Application Security
4.2.3. Device Security
4.2.4. Information and Data Security
4.3. Global Healthcare Cybersecurity Market by End User
4.3.1. Pharmaceuticals and Bio Technology
4.3.2. Health Insurance
4.3.3. Hospitals
4.3.4. Government Healthcare Organizations
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Armis Security Ltd.
6.2. Censinet Inc.
6.3. Claroty Ltd
6.4. ClearDATA
6.5. CLOUDWAVE
6.6. CrowdStrike Inc.
6.7. Cynerio Israel Ltd.
6.8. DELL Inc.
6.9. Forescout Technologies, Inc.
6.10. Fortinet Inc.
6.11. Google LLc
6.12. Imperva Inc.
6.13. Intel Corp.
6.14. Lockheed Martin Corp.
6.15. Medigate Ltd.
1. GLOBAL HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL HEALTHCARE CYBERSECURITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL HEALTHCARE CYBERSECURITY SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY SECURITY TYPE, 2022-2030 ($ MILLION)
5. GLOBAL HEALTHCARE CYBERSECURITY FOR NETWORK MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
6. GLOBAL HEALTHCARE CYBERSECURITY FOR APPLICATION MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
7. GLOBAL HEALTHCARE CYBERSECURITY FOR DEVICE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
8. GLOBAL HEALTHCARE CYBERSECURITY FOR INFORMATION AND DATA SECURITY MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
9. GLOBAL HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
10. GLOBAL HEALTHCARE CYBERSECURITY FOR PHARMACEUTICALS AND BIOTECHNOLOGY MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
11. GLOBAL HEALTHCARE CYBERSECURITY FOR HEALTH INSURANCE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
12. GLOBAL HEALTHCARE CYBERSECURITY FOR HOSPITALS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
13. GLOBAL HEALTHCARE CYBERSECURITY FOR GOVERNMENT HEALTHCARE ORGANIZATIONS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
14. GLOBAL HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. NORTH AMERICAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
16. NORTH AMERICAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
17. NORTH AMERICAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY SECURITY TYPE, 2022-2030 ($ MILLION)
18. NORTH AMERICAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
19. EUROPEAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. EUROPEAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
21. EUROPEAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY SECURITY TYPE, 2022-2030 ($ MILLION)
22. EUROPEAN HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY SECURITY TYPE, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
27. REST OF THE WORLD HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. REST OF THE WORLD HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
29. REST OF THE WORLD HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY SECURITY TYPE, 2022-2030 ($ MILLION)
30. REST OF THE WORLD HEALTHCARE CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
1. GLOBAL HEALTHCARE CYBERSECURITY MARKET SHARE BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL HEALTHCARE CYBERSECURITY SOLUTION MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL HEALTHCARE CYBERSECURITY SERVICES MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL HEALTHCARE CYBERSECURITY MARKET SHARE BY SECURITY TYPE, 2022 VS 2030 (%)
5. GLOBAL HEALTHCARE CYBERSECURITY FOR NETWORK MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL HEALTHCARE CYBERSECURITY FOR APPLICATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL HEALTHCARE CYBERSECURITY FOR DEVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL HEALTHCARE CYBERSECURITY FOR APPLICATION AND DATA SECURITY MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL HEALTHCARE CYBERSECURITY MARKET SHARE ANALYSIS BY END USER, 2022-2030 ($ MILLION)
10. GLOBAL HEALTHCARE CYBERSECURITY FOR PHARMACEUTICALS AND BIOTECHNOLOGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL HEALTHCARE CYBERSECURITY FOR HEALTH INSURANCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL HEALTHCARE CYBERSECURITY FOR HOSPITALS MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL HEALTHCARE CYBERSECURITY FOR GOVERNMENT HEALTHCARE ORGANIZATIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL HEALTHCARE CYBERSECURITY MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. US HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
16. CANADA HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
17. UK HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
18. FRANCE HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
19. GERMANY HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
20. ITALY HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
21. SPAIN HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF EUROPE HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
23. INDIA HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
24. CHINA HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
25. JAPAN HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
26. SOUTH KOREA HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF ASIA-PACIFIC HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD HEALTHCARE CYBERSECURITY MARKET SIZE, 2022-2030 ($ MILLION)
