DUBLIN, May 16, 2024 (GLOBE NEWSWIRE) — “Healthcare Cyber Security Market Size, Share and Trend Analysis Report, By Type, By Threat Type, By End Use, By Region, Segment Forecast, 2024-2030 Added to 2018 report ResearchAndMarkets.com Recruitment.
The global healthcare cybersecurity market size is expected to reach USD 56.3 billion by 2030 and is expected to expand at a CAGR of 18.5% during the forecast period. The integration of healthcare and information technology has led to significant advances in patient care, data management, and operational efficiency. But it also exposes the industry to increasing cyber threats, including ransomware attacks and data breaches that violate patient privacy and disrupt healthcare services.
According to a February 2024 article in Health News Florida, Emsisoft analysts predict that cyberattacks against hospitals are on the rise, with 46 incidents in 2023 compared to 25 in 2022. It is pointed out that it has been reported. Meanwhile, profits from crime have increased significantly, with average payouts increasing from USD. It will reach $5,000 in 2018 and an astonishing $1.5 million in 2023.
Market growth is driven by regulatory mandates, increasing cyber-attacks, and expansion of interconnected medical devices and systems. The market offers a variety of solutions and services designed to protect sensitive health information and infrastructure, including threat detection, data encryption, access control, and compliance management. Rapid digitization and internet penetration are increasing the likelihood that the healthcare industry is vulnerable to cyber-attacks due to its valuable data. Numerous cyber attacks have occurred in this field. For example, according to his January 2024 update from TechTarget, Inc., health data breaches reported to the U.S. Department of Health and Human Services (HHS) by more than 540 organizations in 2023 resulted in over 112 million deaths Individuals were affected.
Additionally, there have been recent cyber-attacks against the Irish Department of Health and the Health Service Executive (HSE), including the human-operated 'Conti' ransomware attack, which severely disrupted HSE systems and Caused most other systems to shut down. The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) note that more than 400 Conti ransomware cyberattacks have occurred in the United States and around the world, and issue a warning about escalating attacks. did. Additionally, technological advancements in product development to counter cyber-attacks and protect data are expected to drive market growth. For example, Cyber Catch, Inc. launched its Healthcare Compliance Manager solution in November 2023 to help healthcare organizations comply with the U.S. Department of Health and Human Services' latest healthcare industry cybersecurity practices. The solution focuses on the growing threat of cyber-attacks to the healthcare sector, impacting more than 26,000 organizations.
Healthcare Cybersecurity Market Report Highlights
- Based on solution type, the antivirus and antimalware segment dominated the market, accounting for over 25.8% revenue share in 2023 due to increasing adoption of such solutions in healthcare settings. This is believed to be due to a surge in malware attacks in the healthcare industry, which can disrupt hospital networks and impact patient care.
- Based on threat type, the malware segment dominated the market, accounting for the largest revenue share of approximately 25.7% in 2023. Ransomware attacks are a widely used type of malware due to hackers' awareness and preference for ransomware.
- In Asia-Pacific, the market is expected to witness significant profitable growth during the forecast period due to increasing adoption and penetration of internet in the healthcare industry
- Based on end use, the hospital sector accounted for the largest revenue share of approximately 62.6% in 2023. Hospitals store vast amounts of patient data, making them highly vulnerable to cyberattacks. Additionally, these attacks have proliferated during the pandemic, threatening personal data and patient care.
- In 2023, North America dominated the market, accounting for the largest revenue share of over 30.0%, due to the presence of key players and expanding coverage of cybersecurity in healthcare institutions.
Key attributes:
| report attributes | detail |
| number of pages | 150 |
| Forecast period | 2023-2030 |
| Estimated market value in 2023 (USD) | $17.3 billion |
| Projected market value to 2030 (USD) | $56.3 billion |
| compound annual growth rate | 18.5% |
| Target area | global |
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Summary
Chapter 3 Healthcare Cybersecurity Market Variables, Trends, and Scope
3.1. Market system outlook
3.1.1. Related/Supplementary Market Outlook
3.2. Market trends
3.2.1. Analysis of market drivers
3.2.1.1. Cyberattacks on the rise
3.2.1.2. Rising security and privacy concerns
3.2.1.3. Increased adoption of advanced cybersecurity solutions
3.2.1.4. Growing adoption of IoT and connected devices
3.2.2. Market constraint analysis
3.2.2.1. Lack of cybersecurity policy framework in medical institutions
3.2.2.2. Budget constraints related to security in developing countries
3.2.3. Market opportunity analysis
3.2.3.1. Increased adoption of healthcare IT solutions in outpatient facilities
3.2.3.2. Growing importance of medical infrastructure creates lucrative opportunities
3.2.4. Analysis of market issues
3.2.4.1. Improper endpoint device management
3.2.4.2. Lack of coordinated incident response
3.3. Healthcare Cybersecurity Market Analysis Tools
Chapter 4 Healthcare Cybersecurity Market: Type Estimation and Trend Analysis
4.1. Definition and Scope
4.2. Segment Dashboard
4.3. Healthcare Cybersecurity Market Trend Analysis
4.4. Healthcare Cybersecurity Market Size and Trend Analysis,
4.4.1. Solution
4.4.1.1. Market Forecast and Forecast 2018-2030 (USD Million)
4.4.1.1.1. Identity and access management
4.4.1.1.2.Risk and compliance management
4.4.1.1.3.Antivirus and antimalware
4.4.1.1.4.Distributed Denial of Service (DDoS) Mitigation
4.4.1.1.5.Security information and event management
4.4.1.1.6. Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
4.4.1.1.7.others
4.4.2. Service
Chapter 5 Healthcare Cybersecurity Market: Threat Type Estimation and Trend Analysis
5.1. Definition and Scope
5.2. Segment Dashboard
5.3. Healthcare Cybersecurity Market Trend Analysis
5.4. Healthcare Cybersecurity Market Size and Trend Analysis by Threat Type, 2018 to 2030 (USD Million)
5.4.1. Malware
5.4.2. DDoS
5.4.3. Advanced Persistent Threats (APT)
5.4.4. Spyware
5.4.5. Lost or Stolen Device
Chapter 6 Healthcare Cybersecurity Market: End Use Estimation and Trend Analysis
6.1. Definition and Scope
6.2. Segment Dashboard
6.3. Healthcare Cybersecurity Market Trend Analysis
6.4. Healthcare Cybersecurity Market Size and Trend Analysis, by End Use, 2018-2030 (USD Million)
6.4.1. Pharmaceutical products
6.4.2. Medical devices
6.4.3. Payer
6.4.4. Hospital
Chapter 7 Healthcare Cybersecurity Market: Regional Estimates and Trend Analysis by Type, Threat Type, and End Use
7.1. Regional Market Dashboard
7.2. Global regional market snapshot
7.3. Market size and forecast trend analysis from 2018 to 2030
7.4. Regional Market Dashboard
7.5.Snapshot of global regional markets
7.6. Market size and forecast trend analysis, 2018 to 2030
Chapter 8 Competitive Environment
8.1. Recent developments and impact analysis by key market participants
8.2. Company/Competitor Classification
8.3. Vendor Status Cisco Systems, Inc.
- IBM
- Marubeni Information Systems
- Symantec Corporation
- Trend Micro Co., Ltd.
- McAfee
- Intel Corporation
- AO Kaspersky
- lockheed martin company
- Northrop Grumman
- Imperva; Fortinet, Inc.
- Medigate (Kuraroti)
For more information on this report, please visit https://www.researchandmarkets.com/r/xtund3.
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Global Healthcare Cybersecurity Market
