Medical Device Security Market Research Report, Size, Share, Industry Growth, Expansion, Business Strategy, Revenue, Forecast to 2023


Posted June 7, 2022 by Prachi001

The Global Medical Device Security Market was valued at USD 4.04 Billion in 2017 and is projected to reach USD 6.59 Billion by 2023, at a CAGR of 8.6% during the forecast period.
 
This report aims to provide detailed insights into the Medical Device Security Market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

Expected Revenue Growth: The Global Medical Device Security Market was valued at USD 4.04 Billion in 2017 and is projected to reach USD 6.59 Billion by 2023, at a CAGR of 8.6% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

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Based on type, the endpoint security segment is estimated to have the largest share of the market in 2018.

Based on type, the medical device security market is broadly divided into application security, endpoint security, network security, cloud security, and other security types (email, web, and database security). The endpoint security segment is expected to dominate the market in 2018. The large share of this segment is attributed due to the increasing number of connected medical devices, networks are becoming more vulnerable to new and sophisticated threats such as zero-day malware, trojans, and APTs. Additionally, the trend of bring your own device (BYOD), social media usage, and cloud synchronizing tools are also driving the demand for endpoint security.

Based on device type, wearable and external medical devices are expected to witness the highest growth during the forecast period.

Based on device type, the market is segmented into hospital medical devices, internally embedded medical devices, and wearable and external medical devices. The wearable and external medical devices segment is expected to register the highest CAGR during the forecast period. This growth is attributed to the demand for home healthcare owing to the high and rising prevalence of chronic diseases and the growing need to reduce healthcare costs. These factors are increasing the demand and uptake of wearable and external medical devices for remote patient monitoring.

Based on end user, the healthcare providers segment is estimated to have largest share of the market in 2018.

Based on end user, the medical device security market is segmented into healthcare providers, medical device manufacturers, and healthcare payers. The healthcare providers segment is expected to account for the largest share of the medical device security market in 2018. The large share of this segment is attributed to the high demand for connected networked medical devices among healthcare providers owing to the various benefits offered by these devices.

Objectives of the study are:

To define, describe, and forecast the global medical device security market by component (solution and services), type, device type, end user, and region
To provide detailed information about factors affecting the growth of the market (drivers, restraints, opportunities, and challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
To profile key players in this market and comprehensively analyze their market shares and core competencies
To forecast the market size of the global market in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
To track and analyze competitive developments such as acquisitions; product developments; agreements, partnerships, and collaborations; and expansions in the market
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Key Market Player

The prominent players in the global medical device security market include Cisco Systems (US), IBM Inc. (US), GE Healthcare (US), Symantec Inc.(US), CA Technologies (US), Philips (Netherlands), DXC Technology (US), CloudPassage (US), FireEye (US), Check Point Software Technologies (Israel), Sophos (UK), Imperva (US), Fortinet (US), Palo Alto Networks (US), ClearDATA (US), and Zscaler (US).

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Issued By marketsandmarkets.com
Business Address PUNE
Country India
Categories Health , Industry , Internet
Tags medical device security , medical device security market , medical device security market growth
Last Updated June 7, 2022