Healthcare Cyber Security Market Projected to Reach $10.85 Billion By 2022: Grand View Research, Inc.

Healthcare Cyber Security Market Projected to Reach $10.85 Billion By 2022: Grand View Research, Inc.

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According to report published by Grand View Research, key factors attributing to the growth of the healthcare cyber security market include the increasing incidences of cyber attacks for misuse of electronic patient health records (E-PHR), social security records, IP theft, and others.

According to a report,“Healthcare Cyber Security Market by End-Use (Pharmaceuticals & Chemicals, Medical Devices, Health Insurance, Hospitals), by Type of Threat (Malware, DDoS, Advanced Persistent Threat (APT), Spyware, Lost, Stolen Devices), by Type of Solution (Identity and Access Management, Risk and Compliance Management, Antivirus and Antimalware, DDoS Mitigation, Security Information, Event Management (SIEM), Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)) and Segment Forecasts To 2022”, published by Grand View Research, Inc., Global healthcare cyber security market size is expected to reach nearly USD 10,848.87million by 2022. Key factors attributing to the growth of the market include the increasing incidences of cyber attacks for misuse of electronic patient health records (E-PHR), social security records, IP theft, and others. 

Key Takeaways from the report:

  • In 2014, North America held the largest market share of more than 41% owing to the presence of sophisticated healthcare infrastructure, and increasing collaboration between pharmaceutical, medical device industries, with regulatory authorities. This can be illustrated using the U.S FDA guidance document on networked medical devices.

  • Furthermore, the U.S. is a prime target for cyber crimes due to, the presence of large fortune 500 healthcare organizations, full scale implementation of digital patient records, and use of extensive social security ids for various transactions.

  • Asia Pacific is identified as one of the most lucrative regional market, growing at a CAGR of over 8.5% during the forecast period. Rapidly improving healthcare infrastructure and high level economic growth in developing countries such as China, India, and South Korea is expected to boost usage rates over the forecast period.

  • Increasing number of internet users in China and India is expected to create a huge user base vulnerable to cyber attacks. According to data published by the Internet and Mobile Association of India (IAMAI), the internet user base in India is expected to reach nearly 402 million by December 2015

  • Key players operating in the healthcare cyber security market include, Cisco, IBM, MacAfee, Paulo Alto Networks, Symantec, Trend Micro Lockheed Martin, FireEye, Northrop Grumma, Kaspersky etc.

Browse More Reports in Healthcare IT: 

  • Personal Emergency Response System/Medical Alert System Market: The increasing necessity for the introduction of innovative solutions that are capable of engaging customers or employees to integrate process, data, IT and business and the increasing demand for the adoption of Internet of Things (IoT) are propelling market growth. 
  • Health Information Exchange (HIE) Market: Increasing incidence of Alzheimer’s disease and rising life expectancy are estimated to boost the market for Medical alert systems. Moreover, increasing number of mergers and acquisitions by market players are also expected to accelerate growth.

Security information and event management (SIEM),risk and compliance management, DDoS mitigation, antivirus, antimalware, identity and access management, intrusion detection system (IDS)/intrusion prevention system (IPS) and others are the solutions included in the scope of the study. These solutions can be used individually or can be used as a suite of products providing layer wise security. 

Market dynamics in this sector are dependent on the type of threat, effectiveness, and frequency of attack, ability to detect and destroy. New types of threats are detected each day, hence, the solutions need to be upgraded constantly to provide adequate firewall security and prevent data breach. 

Grand View Research has segmented the Healthcare Cyber Security market on the basis of end-use, type of threat, type of solution, and region:

Healthcare Cyber Security End-Use Outlook (Revenue, USD Million, 2012 – 2022)

  • Pharmaceuticals & Chemicals

  • Medical Devices

  • Health Insurance

  • Hospitals

  • Others

Healthcare Cyber Security Type of Threat Outlook (Revenue, USD Million, 2012 – 2022)

  • Pharmaceuticals & Chemicals

  • Malware

  • DDoS

  • Advanced Persistent Threats (APT)

  • Spyware

  • Lost or Stolen Devices

  • Others

Healthcare Cyber Security Type of Solution Outlook (Market Revenue in USD Million, 2012 – 2022)

  • Identity and Access Management

  • Risk and Compliance Management

  • Antivirus and Antimalware

  • DDoS Mitigation

  • Security Information and Event Management (SIEM)

  • Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)

  • Others

Healthcare Cyber Security Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

Explore healthcare cyber security market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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