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Global Healthcare Cybersecurity Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21285

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Published on

July 2021

Total pages

372

Table of Content

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About the Report

About the Report

Cybersecurity in healthcare involves the protection of electronic information and assets from unauthorized access, use, and disclosure. There are three goals of cybersecurity: protecting the confidentiality, integrity, and availability of information, also known as the CIA triad. Healthcare cybersecurity has changed dramatically in the last ten years with the advent of the Internet of Things (IoT) devices increasing on the medical network. IoT technologies are rapidly becoming part of the high-tech medical arena. Medical devices are now connected to the network to help doctors, nurses, and support teams provide critical care services for patients.

As per a report by Checkpoint, in recent years healthcare is the most targeted industry, by ransomware. Several countries including the US witnessed a sharp rise in the hit by ransomware. In 2020, the trend was witnessed in Q3 where healthcare was the number one most targeted industry in the US. Furthermore, there was an increase of 71% in Ransomware attacks compared against the healthcare sector in the US In October 2020 (when compared to September) Moreover, hospital ransomware attacks are becoming a global trend through alarming increases in APAC and EMEA of 33% and 36% correspondingly.

Moreover, the healthcare industry is expected to spend USD 125 Billion on Cybersecurity From 2020 to 2025, as revealed by Herjavec Group. The demand for cybersecurity witnessed a sharp rise due to the rise in cyber attacks due to COVID-19. Hacking patients' medical devices is a common cyberattack during the COVID-19 pandemic because more patients are using remote care. The temporary and makeshift medical facilities being used to care for people infected with the novel coronavirus have created more vulnerabilities for hackers to exploit.

Based on the Type of Thread, the market is fragmented into Ransomware, Malware and Spyware, Distributed denial of services, Advanced Persistent Threats, and Others. The Ransomware segment grabbed the major market share and contributed around 28.4% In 2020. Moreover, the market would reach USD 13,143.6 Mn by 2027 growing with a CAGR of 21.5% during 2021-2017.

Based on the Security Type, the market is fragmented into Network Security, Cloud Security, Content Security, End-Point Security, Application Security, and Others. The Network security segment of Global Healthcare Cybersecurity dominated the market with around 31.3% market share. The segment generated the revenue of USD 12,360.8 Mn in 2020 and is expected to grow at a CAGR of 18.8% during the forthcoming years.

Healthcare Cybersecurity solutions are being sold for several purposes such as identity and access management, risk and compliance management, antivirus and antimalware, security information and event management, and intrusion detection system. the various medium as per availability The identity and access management segment grabbed the considerable market share. The segment generated revenue worth USD 1,796.6 million in 2020 and is expected to reach USD 5,254.4million by 2027. However, the risk and compliance management segment is expected to witness an exhibit growth during the forecast period.

For a better understanding of the market adoption of the Healthcare Cybersecurity market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes a major market for the Healthcare Cybersecurity industry and generated revenue of USD 4,661.9 Million in 2020 owing to the emerging number of incidences due to the COVID pandemic. Also, the presence of well-established players in the region and the rising seed funding for startups is adding pace to the growth of the market in the region.

Some of the major players operating in the market Palo auto networks, Sophos ltd., cisco systems, checkpoint software technologies, IBM Corporation, McAfee LLC, Juniper networks, Intel corporation, and trend micro incorporated, among others. Several M&As along with partnerships have been undertaken by these players to develop healthcare cybersecurity solutions.

Products


Companies

Palo Alto Networks, Inc., Sophos Ltd., Cisco Systems, Inc., Checkpoint Software Technologies Ltd., IBM Corporation, McAfee LLC, Juniper Networks, Inc., Intel Corporation, Trend Micro Incorporated.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Healthcare Cybersecurity Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Healthcare Cybersecurity Market

2.1.1. Main Objective of the Global Healthcare Cybersecurity Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COMPANIES USING AI, BLOCKCHAIN, AND MORE TO PROTECT HEALTH DATA

6 COVID-19 IMPACT

7 GLOBAL HEALTHCARE CYBERSECURITY MARKET REVENUE

8 MARKET INSIGHTS BY COMPONENTS

8.1. Solution

8.2. Services

9 MARKET INSIGHTS BY DEPLOYMENT

9.1. On-Premise

9.2. Cloud

10 MARKET INSIGHTS BY TYPE OF THREAT

10.1. Ransomware

10.2. Malware and Spyware

10.3. Distributed Denial of Service (DDoS)

10.4. Advanced Persistent Threats (APT)

10.5. Others

11 MARKET INSIGHTS BY SECURITY TYPE

11.1. Cloud Security

11.2. Content Security

11.3. End-Point Security

11.4. Application Security

11.5. Others

12 MARKET INSIGHTS BY SOLUTION

12.1. Identity and Access Management

12.2. Risk and Compliance Management

12.3. Antivirus and Antimalware

12.4. Security information and Event Management

12.5. Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)

13 MARKET INSIGHTS BY END-USER

13.1. Pharmaceutical and Biotechnology

13.2. Health Insurance

13.3. Hospitals

13.4. Others

14 MARKET INSIGHTS BY REGION

14.1. North America Healthcare Cybersecurity Market

14.1.1. United States

14.1.2. Canada

14.1.3. Rest of North America

14.2. Europe Healthcare Cybersecurity Market

14.2.1. Germany

14.2.2. France

14.2.3. U.K.

14.2.4. Spain

14.2.5. Italy

14.2.6. Rest of Europe

14.3. Asia Pacific Healthcare Cybersecurity Market

14.3.1. China

14.3.2. Japan

14.3.3. India

14.3.4. Australia

14.3.5. Rest of Asia Pacific

14.4. Rest of the World Healthcare Cybersecurity Market

15 HEALTHCARE CYBERSECURITY MARKET DYNAMICS

15.1. Market Drivers

15.2. Market Challenges

15.3. Impact Analysis

16 LEGAL & REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Merger & Acquisitions

18 VALUE CHAIN ANALYSIS

19 HEALTHCARE CYBERSECURITY MARKET OPPORTUNITIES

20 HEALTHCARE CYBERSECURITY MARKET TRENDS & INSIGHTS

21 COMPETITIVE SCENARIO

21.1. Porter's Five forces analysis

21.1.1. Bargaining power of Supplier

21.1.2. Bargaining power of Buyer

21.1.3. Industry Rivalry

21.1.4. Availability of Substitute

21.1.5. Threat of new Entrants

22 COMPANY PROFILED

22.1. Palo Alto Networks, Inc.

22.1.1. Key Facts

22.1.2. Business Description

22.1.3. Key Product/Services Offerings

22.1.4. Growth Strategy

22.1.5. SWOT Analysis

22.1.6. Key Financials

22.1.6.1. Revenue Split

22.1.6.2.

22.1.7. Recent Developments

22.1.7.1.

22.1.7.2.

22.1.7.3.

22.1.7.4.

22.2. Sophos Ltd.

22.3. Checkpoint Software Technologies Ltd.

22.4. McAfee LLC

22.5. Fortinet Inc.

22.6. Juniper Networks Inc.

22.7. Sensato Cybersecurity Solutions

22.8. Medigate

22.9. Trend Micro Incorporated

22.10. Broadcom Inc.

23 DISCLAIMER

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