What is the current size and annual growth rate of the healthcare cybersecurity market?
The healthcare cybersecurity market size has grown rapidly in recent years. It will grow from $23.86 billion in 2024 to $27.63 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to increased cyber attacks, concerns about security and privacy, collaboration between public and private sector to strengthen healthcare cybersecurity, presence of highly developed medical and healthcare infrastructure, emergence of digital technologies.
The healthcare cybersecurity market size is expected to see rapid growth in the next few years. It will grow to $49.26 billion in 2029 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increasing investments in healthcare cyber security by various healthcare organizations and government initiatives, increasing demand for advanced cybersecurity solutions & privacy, increase in frequency & complexity of cyber threats, rising security and regulatory compliance-related issues, increasing Network Vulnerabilities. Major trends in the forecast period include growth in adoption of IoT and connected devices, growth in the usage of cloud based healthcare solutions, increasing use of healthcare IT Solutions in outpatient care facilities, rise in adoption of connected devices and smartphones, and adoption of 5G technology, the increase in digitalization and adoption of Electronic Health Records (EHRs), wireless medical devices, and telemedicine.
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What key drivers have fueled the healthcare cybersecurity market’s development over the years?
Increasing cyberattacks are expected to propel the growth of the healthcare cybersecurity market going forward. Cyberattacks are malicious attempts to disrupt, damage, or gain unauthorized access to computer systems, networks, or devices. Cyber threats are motivated by financial incentives, where cybercriminals seek to steal sensitive financial information, conduct ransom attacks, or engage in other activities to monetize their attacks. Healthcare cybersecurity is essential for protecting sensitive patient data, ensuring the continuity of care, and safeguarding healthcare systems against cyberattacks that can lead to data breaches, financial loss, and compromised patient safety. For instance, according to Check Point Software Technologies Ltd., an Israel-based software company, in the first nine months of 2023, there was a 3% increase in the global average of weekly cyberattacks compared to the same timeframe in 2022. Additionally, the healthcare sector experienced a significant 11% rise in cyberattacks, averaging 1613 incidents weekly. Therefore, the increasing number of cyberattacks is driving the growth of healthcare cybersecurity.
What is the segmentation for the healthcare cybersecurity market?
The healthcare cybersecurity market covered in this report is segmented –
1) By Solution: Identity And Access Management, Risk And Compliance Management, Antivirus And Antimalware, Distributed Denial Of Service (DDoS) Mitigation, Security Information And Event Management, Intrusion Detection System/ Intrusion Prevention System, Other Solutions
2) By Security: Network Security, Endpoint Security, Application Security, Content Security
3) By Threat: Malware, Distributed Denial Of Service (DDoS) Threats, Advanced Persistent Threat, Spyware, Lost Or Stolen Devices, Other Threats
4) By End User: Pharma And Chemicals, Medical Devices, Health Insurance, Hospitals, Other End Users
Subsegments:
1) By Identity And Access Management: User Authentication, Role-Based Access Control, Single Sign-On
2) By Risk And Compliance Management: Risk Assessment Tools, Compliance Management Solutions, Policy Management Software
3) By Antivirus And Antimalware: Antivirus Software, Antimalware Solutions, Endpoint Protection
4) By Distributed Denial Of Service (Ddos) Mitigation: Traffic Filtering, Rate Limiting, Ddos Protection Services
5) By Security Information And Event Management (SIEM): Log Management, Security Monitoring, Incident Response
6) By Intrusion Detection System Or Intrusion Prevention System (IDS Or IPS): Network-Based IDS Or IPS, Host-Based IDS Or IPS, Hybrid IDS Or IPS
7) By Other Solutions: Data Encryption Solutions, Threat Intelligence Services, Security Training And Awareness Programs
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Who are the most influential companies in the healthcare cybersecurity market?
Major players in the healthcare cybersecurity market are Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Thales Group, Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Gen Digital Inc., Splunk Inc., Checkpoint Software Technologies Ltd., Trend Micro Inc., Crowdstrike Holdings Inc., Fortra LLC, Tenable Inc., Rapid7 Inc., Qualys Inc., McAfee Corp., Forescout Technologies Inc., LogRhythm Inc., Claroty Ltd., Sophos Ltd., Fortified Health Security, and Sensato Cybersecurity Solutions.
What are the top industry trends projected to impact the healthcare cybersecurity market?
Major companies operating in the healthcare cybersecurity market are focused on developing new technologies, such as IoT security solutions, to increase their profitability in the market. IoT security solutions in healthcare cybersecurity involve strategies and technologies designed to protect connected medical devices and systems from cyber threats and unauthorized access. For instance, in December 2022, Palo Alto Networks Inc., a US-based cybersecurity company, launched Medical IoT Security, a zero-trust security system for healthcare devices. This features automatic discovery, segmentation, policy enforcement, and advanced threat protection. Leveraging machine learning, it quickly identifies threats, secures interactions, and integrates seamlessly with healthcare. The solution ensures rapid deployment, flexible architecture compatibility, and simplifies zero-trust adoption for all medical devices.
What are the major regional insights for the healthcare cybersecurity market, and which region holds the top position?
North America was the largest region in the healthcare cybersecurity market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Healthcare Cybersecurity Market Report 2025 Offer?
The healthcare cybersecurity market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Healthcare cybersecurity refers to the practice of protecting electronic information and assets from unauthorized access, use, disclosure, disruption, modification, or destruction within the healthcare sector. It involves implementing a variety of security measures, technologies, and policies to safeguard patient data, hospital systems, and medical devices against cyber threats and breaches. This is essential for maintaining patient privacy, ensuring the integrity of medical records, and supporting the continuity of healthcare services.
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