Global Medical Device Security
Market Report
2024
The global Medical Device Security market size will be USD 6.8 billion in 2024. The Medical Device Security market will show strongest growth with a compound annual growth rate (CAGR) of 8.31% from 2024 to 2031. This growth can be attributed to compliance requirements driving investments in medical device security measures.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Medical Device Security market size will be USD 6.8 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 8.31% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Device Security Market Sales Revenue 2024 | $ 6.8 Billion |
Global Medical Device Security Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.31% |
Market Drivers: The increased connectivity amplifies vulnerabilities, prompting demand for robust security solutions is anticipated to drive the Medical Device Security market's expansion in the years ahead | |
Market Restrains:
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Market Split by Component |
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Market Split by Type |
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Market Split by Device Type |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Medical Device Security industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Medical Device Security Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The increasing connectivity of medical devices primarily drives
Medical Device Security to networks, the internet, and other devices (IoT), which enhances healthcare delivery but also escalates cybersecurity risks. Key drivers include regulatory requirements mandating cybersecurity measures, such as the FDA's premarket guidance and the EU's Medical Device Regulation (MDR). Rising incidences of cyberattacks targeting healthcare infrastructure underscore the urgent need for robust security solutions to protect patient data, ensure device integrity, and prevent unauthorized access or manipulation of medical devices. Innovations in encryption technologies, authentication mechanisms, and cybersecurity frameworks tailored to medical environments are essential to mitigate risks and foster trust in the safety and reliability of medical devices and systems.
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In November 2020, The launch of the Philips Cybersecurity Services will allow Royal Philips, a pioneer in health technology worldwide, to seamlessly integrate and improve strategic security solutions for its clients. Regardless of the manufacturer, the end-to-end portfolio of technologies and services that make up Philips Cybersecurity Services protects customers' medical systems, equipment, and related software solutions, enabling the digital transformation of the healthcare industry. (Source: https://www.philips.com/a-w/about/news/archive/standard/news/press/2020/20201130-philips-expands-its-healthcare-customer-services-portfolio-with-the-introduction-of-integrated-cybersecurity-services.html )
Top Companies Market Share in Medical Device Security Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to stringent regulatory requirements, high adoption of healthcare IT systems, and significant investments in cybersecurity infrastructure. The region's advanced healthcare facilities and increasing incidents of cyber threats drive demand for robust security solutions to protect medical devices and patient data.
Asia-Pacific stands out as the fastest-growing region in the Medical Device Security market due to the increasing healthcare digitization, rising cyber threats, and stringent regulatory requirements. This growth is driven by the heightened adoption of connected medical devices, cybersecurity investments, and the requirement for strong security measures to protect patient data and ensure operational continuity across healthcare systems.
The current report Scope analyzes Medical Device Security Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Medical Device Security Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Device Security Industry growth. Medical Device Security market has been segmented with the help of its Component, Type Device Type, and others. Medical Device Security market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Medical Device Security market.
Component of Medical Device Security analyzed in this report are as follows:
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According to cognitive market research, Endpoint Security is the dominant category by providing robust protection against cyber threats targeting connected medical devices. With medical devices increasingly interconnected through IoT (Internet of Things) networks, endpoint security solutions offer defense mechanisms such as antivirus, intrusion detection, and data encryption. They ensure the integrity and confidentiality of patient data, protect against unauthorized access and malware attacks, and comply with stringent regulatory requirements like HIPAA. This focus on endpoint security drives innovation and investment in securing medical devices, safeguarding patient safety, and healthcare infrastructure integrity.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Device Security Market is witnessing significant growth in the near future.
In 2023, the Solutions segment accounted for noticeable share of global Medical Device Security Market and is projected to experience significant growth in the near future.
The Application Security segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cisco Systems (US) , IBM (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Solutions, Services |
Type | Application Security, Endpoint Security, Network Security |
Device Type | Hospital Medical Devices, Internally Embedded Medical Devices |
End-User | Healthcare Providers, Medical Device Manufacturers, Healthcare Payers |
List of Competitors | Cisco Systems (US), Sophos (UK), IBM (US), Healthcare (US), CA Technologies (US), Philips (Netherlands), DXC Technology (US) |
This chapter will help you gain GLOBAL Market Analysis of Medical Device Security. Further deep in this chapter, you will be able to review Global Medical Device Security Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Device Type Analysis 2019 -2031
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Chapter 13 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Device Security market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solutions have a significant impact on Medical Device Security market? |
What are the key factors affecting the Solutions and Services of Medical Device Security Market? |
What is the CAGR/Growth Rate of Application Security during the forecast period? |
By type, which segment accounted for largest share of the global Medical Device Security Market? |
Which region is expected to dominate the global Medical Device Security Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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