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Connected Medical Device Security Market Assessment and Global In-depth Industry by Global Industry Share, Size, Technological Scope and Growth Overview 2023

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Connected Medical Device Security Market Assessment and Global In-depth Industry by Global Industry Share, Size, Technological Scope and Growth Overview 2023

August 23
19:00 2019
Connected Medical Device Security Market Assessment and Global In-depth Industry by Global Industry Share, Size, Technological Scope and Growth Overview 2023

Medical Device Security Market
Medical Device Security Market Is Anticipated to Grow at A Desirable Rate Of 8.8% Over the Review Period Between 2018 And 2023. The Market Valuation Is Slated to Jump from USD 335.5 Million In 2017 To 556.5 Million by The End Of 2023

Medical Device Security Market Overview

Over the years, a vast range of medical devices has surfaced. At the same time, these medical devices have continued to improve with the help of other technologies such as IoT, bigdata, sensor, AI, etc. However, all technologies have their pros and cons. There are substantial advantages for modern medical devices that are transforming healthcare.

The global Medical Device Security Market is expected to exhibit a compound annual growth rate (CAGR) of 8.8% during the projected years (2018-2023). During this period, the market is expected to grow to more than USD 500 Mn up from USD 335.5 Mn.

Digitization of healthcare has enabled interconnectivity of medical devices which on the flipside has made them susceptible to cyber malignancy (hacking, data-theft, privacy breach and patient data-theft). Growing concern over cyber-attacks is prompting healthcare providers to invest in security solutions.

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It is projected that demand for medical device security solutions will rise further in the forthcoming owing to rapid IoT integration. The growing network of connected medical devices is opening application opportunities. Developers are actively focusing of product innovation and creation of security solutions that future-ready.

Global Medical Device Security Market: Competitive Landscape  

Some of the to-notch companies operating in the global medical device security market include

CA Technologies (the U.S.)

Cisco Systems (the U.S.)

Fortinet (the U.S.)

DXC Technology (the U.S.)

ClearDATA (the U.S.)

Palo Alto Networks (the U.S.)

FireEye (the U.S.)

IBM (the U.S.)

Philips (Netherlands)

GE Healthcare (the U.S.)

Check Point Software Technologies (Israel)

Symantec (the U.S.)

CloudPassage (the U.S.)

Imperva (the U.S.)

and Sophos (the U.K.)

Segmental Overview

MRFR’s report includes a detailed segmental analysis of the market based on type, component, end-user and region.

On the basis of type, the market has been segmented into network security, application security, cloud security, endpoint security and others. Of these, the endpoint security segment accounts for the lion’s share of the market in terms of revenue.

On the basis of component, the market has been segmented into services and solutions. The services segment covers professional services and manages security services. Under professional services, consultancy, training & education, support & maintenance, and design & integration services are also covered. The solution segment covers risk & compliance management, intrusion detection system/ intrusion prevention systems, distributed denial of service solutions, disaster recovery solutions, antivirus/ antimalware solutions, encryption solutions, identity & access management solutions, data loss prevention solutions among others. In terms of value, the solution segment currently accounts for the larger market share.

On the basis of end-user, the market has been segmented into healthcare players, healthcare providers and medical device manufacturers. The healthcare providers segmented hold the pole position in term of value. The segment is expected retain its spot over 2023.

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Global Medical Device Security Market: Regional Segmentation

On the basis of region, the market has been segmented into Americas, the Middle East and Africa (MEA), Europe and Asia Pacific (APAC). Americas currently account for the largest market share in terms of revenue. This primarily owing the presence of several market participant in the region. In addition, rapid adoption of advanced healthcare technologies in countries such as the U.S., Mexico and Canada is view to favour the market in Americas. Market is also being driven by factor such as rising incidence of data-theft and implementation IoT in healthcare.

After Americas, Europe represent the brightest market for medical device security. The EU continues to make efforts towards tackling cybercrime is sectors such as healthcare, automotive, retail among other. In Europe, integration of advanced technologies in healthcare is necessitating the deployment on robust security solutions. At the same time, the medical device security market is also benefiting from the strong R&D efforts to make healthcare services more effective.

Growth in of the market in APAC is projected to be relatively faster as compared to in other regions during the forecast period. Local policymakers are making to upgrade the healthcare are match international standard.

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LIST OF TABLES

Table 1 Global Medical Device Security Market Synopsis, 2018–2023

Table 2 Global Medical Device Security Market Estimates And Forecast, 2018–2023, (USD

Million)

Table 3 Global Medical Device Security Market, By Region, 2018–2023, (USD Million)

Table 4 Global Medical Device Security Market, By Component, 2018–2023, (USD Million)

Table 5 Global Medical Device Security Market, By Type, 2018–2023, (USD Million)

Table 6 Global Medical Device Security Market, By End User, 2018–2023, (USD Million)

Table 7 North America Global Medical Device Security Market, By Component, 2018–2023,

(USD Million)

Table 8 North America Global Medical Device Security Market, By Type, 2018–2023,

(USD Million)

Table 9 North America Global Medical Device Security Market, By End User, 2018–2023,

(USD Million)

…To be Continued.

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