Medical Device Security Market Technological Advancements and Growing Trends by IBM, GE Healthcare, Symantec, CA Technologies and Others

Medical Device Security Market Technological Advancements and Growing Trends by IBM, GE Healthcare, Symantec, CA Technologies and Others

“Medical Device Security Market”
Market Research Future (MRFR)’s report reveals that the global medical device security market is set to expand at a CAGR of 8.8% during the forecast period 2018 to 2023.

Global Medical Device Security Market in a positive direction with vast geriatric population is another important driver behind its market expansion. However, restriction with healthcare security budgets can cause a hindrance to the growth of the market in the forthcoming years.

global 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.

Advancements in cloud-based technology are expected to steer the growth of the market as well. The growing demand for connected medical devices is also expected to push the global medical device security market in a positive direction.

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Competitive Landscape

The medical device security market holds various key players under the umbrella, including IBM (the U.S.), CA Technologies (the U.S.), GE Healthcare (the U.S.), Cisco Systems (the U.S.), CloudPassage (the U.S.), Fortinet (the U.S.), Check Point Software Technologies (Israel), DXC Technology (the U.S.), Sophos (the U.K.), Philips (Netherlands), ClearDATA (the U.S.). Imperva (the U.S.), Palo Alto Networks (the U.S.), Symantec (the U.S.), FireEye (the U.S.), and others.

Market Segmentation

The global medical device security market segmentation is done on the basis of type, end-user, and component.

By component, the market divides into services and solutions. The solutions segment holds a majority of the market share percentage.

The solutions segment is narrowed down into antivirus/ antimalware solutions, risk & compliance management, identity & access management solutions, intrusion detection system/ intrusion prevention systems, encryption solutions, distributed denial of service solutions, data loss prevention solutions, disaster recovery solutions, and others.

The services segment is narrowed down into managed security services and professional services. Furthermore, the professional services segment breaks down into training & education, consulting services, design & integration, and support & maintenance.

By type, the market includes cloud security, network security, endpoint security, application security, and others. The endpoint security segment holds a majority of the market share in this segmentation category.

By end-user, the market includes medical device manufacturers, healthcare providers, and healthcare players. The healthcare providers segment dominates the global medical device security market.

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Regional Analysis

The global medical device security market is geographically distributed into four major regions, namely Asia Pacific, Americas, Europe, and the Middle East and Africa.

The Americas hold the maximum share percentage in the global market landscape. This is due to the presence of various key players that are providing the healthcare sector with advanced security services, higher threat of cyber-attacks, and rapid implementation and adoption of Internet of Things (IoT) in this region.

Following the Americas, the European region holds the second largest market standing of medical device security. This is due to the rise in the utilization of advanced connected medical devices, growing occurrences of cybercrime, and continuous R&D expenditure done for the introduction of security solutions with high efficiency in the healthcare industry.

The Asia Pacific region is expected to garner the fastest growth in the global market. The rising usage of connected medical devices, operating with the help of IoT, and the rising concern associated with data security in the healthcare industry of developing nations are significantly contributing to the market’s positive growth trajectory.

Finally, the Middle East and African regions are expected to grow at a snail’s pace as compared to other regions in the global medical device security market due to the lack of penetration of advancing technologies in the healthcare sector of the underdeveloped regions in this area.

Medical Device Security Market-LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation For Global Medical Device Security Market

Figure 3 Segmentation Market Dynamics For Global Medical Device Security Market

Figure 4 Global Medical Device Security Market Share, By Component 2017

Figure 5 Global Medical Device Security Market Share, By Type 2017

Figure 6 Global Medical Device Security Market Share, By End User, 2017

Figure 7 Global Medical Device Security Market Share, By Region, 2017

Figure 8 North America Medical Device Security Market Share, By Country, 2017

Figure 9 Europe Medical Device Security Market Share, By Country, 2017

Figure 10 Asia Pacific Medical Device Security Market Share, By Country, 2017

…and Many More.

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Feb 13th, 2019, a global leader in healthcare IoT research, Zingbox, was named in the Constellation ShortList™ for Medical Device Security in Quarter 1 of 2019.The vast geriatric population is another important driver behind its market expansion. However, restriction with healthcare security budgets can cause a hindrance to the growth of the market in the forthcoming years.

About Market Research Future:  MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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