Growing need for medical device security in the healthcare sector and exponential growth of the global healthcare industry are among the major factors expected to drive market revenue growth.
Growing need for medical device security in the healthcare sector and exponential growth of the global healthcare industry are among the major factors expected to drive market revenue growth
According to Emergen Research, the global medical device security market size was USD 5.10 billion in 2020 and is expected to reach USD 9.78 billion in 2028 and register a revenue CAGR of 8.5% during the forecast period, 2021-2028.
Market Dynamics:
Key factors contributing to revenue growth of the global medical device security market are rapid growth of the global healthcare industry, integration of emerging digital technologies such as AI, IoT (Internet of Things), big data, and robotics & automation in healthcare, growing use of digitally advanced medical devices, and rising incidences of data breach and cyberattacks in the healthcare sector.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/286
Other key factors boosting revenue growth of the global market are rising demand for advanced medical device security solutions & services, increasing research & development projects, introduction of cutting-edge medical device cybersecurity tools & solutions, and growing focus of healthcare providers on improving patient care and monitoring, as well as preventing unauthorized access to health data & records. Another important factor driving revenue growth of the global medical device security market is increasing use of new mobile and web-based healthcare apps for Remote Patient Monitoring (RPM) and personalized access to patient health data & information.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Wearable and External Medical Devices Segment Accounted for Largest Revenue Share in 2020:
The wearable and external medical devices segment dominated other segments in terms of revenue share in the global market in 2020. Major factors boosting revenue growth of this segment are growing demand for wearable medical devices, rising geriatric population, rising trend of home healthcare, and increasing use of point-of-care diagnostic devices in home healthcare settings.
Looking for Discount [Click on the link] @ https://www.emergenresearch.com/request-discount/286
Endpoint Security Segment to Account for Fastest Revenue CAGR:
The endpoint security segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Increasing use of connected medical devices, rising trend of BYOD (bring-your-own-device) and advanced cloud-synchronized healthcare tools, and emergence of advanced medical device security systems to protect against various threats such as Trojans, APT, and zero-day malware are among the key factors driving the revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America medical device security market accounted for the largest revenue share in the global market in 2020. Rapid digitization in the healthcare sector, technological advancements in medical devices, increasing focus on enhancing the safety and security of medical devices, rising cases of data breach and cyberattacks, and introduction of highly advanced medical device cybersecurity solutions are some of the major factors supporting revenue growth of the North America market.
Major Companies in the Global Medical Device Security Market Include:
- IBM
- Cisco Systems
- Koninklijke Philips N.V.
- GE Healthcare
- Symantec
- CA Technologies
- DXC Technology
- CloudPassage
- FireEye
- Check Point Software Technologies
- Sophos
- Imperva
- Fortinet
- Palo Alto Networks
- ClearDATA
- Zscaler
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/medical-device-security-market
For the purpose of this report, Emergen Research has segmented the global medical device security market based on security type, medical device type, component, end-use, and region:
Security Type Outlook (Revenue, USD Billion; 2018-2028)
- Network Security
- Endpoint Security
- Cloud Security
- Application Security
- Others
Medical Device Type Outlook (Revenue, USD Billion; 2018-2028)
- Hospital Medical Devices
- Wearable and External Medical Devices
- Internally Embedded Medical Devices
Component Outlook (Revenue, USD Billion; 2018-2028)
- Solutions
- Risk & Compliance Management
- Identity & Access Management (IAM)
- Encryption solutions
- Antivirus/Antimalware solutions
- Others
- Services
- Professional services
- Training & Education Services
- Support & Maintenance
- Design & Integration
- Consulting
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Medical Device Manufacturers
- Healthcare Providers
- Healthcare Payers
Read Blog Article@ https://www.emergenresearch.com/blog/top-10-companies-offering-robust-medical-device-security-services-to-improve-patient-privacy-and-safety
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Insights into our Other Published Healthcare Reports:
Single Cell Sequencing Market Size is Worth USD 3,230.6 Million by 2027 | CAGR of 13.9%
Hearing Aids Market Size is Worth USD 8,967.7 Million by 2027 | CAGR of 6.3%
In-Vitro Fertilization Market Size Worth USD 31.97 Billion by 2027 | CAGR of 9.1%
Transcatheter Mitral Valve Implantation Market Size Worth USD 4.67 Billion By 2027 | CAGR of 14.4%
Alternative Proteins Market to Reach USD 3.89 Billion By 2027 | CAGR of 7.4%
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services