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The healthcare cyber security market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 17%, as per The Business Research Company’s market report!

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The Healthcare Cyber Security Market Size In 2022 And Forecast
The global healthcare cyber security market is expected to grow from $13.18 billion in 2021 to $15.70 billion in 2022 at a compound annual growth rate (CAGR) of 19.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The healthcare cyber security market is expected to grow to $30.24 billion in 2026 at a CAGR of 17.8%.

The healthcare cyber security market consists of sales of healthcare cybersecurity services by entities (organizations, sole traders, and partnerships) that are used to prevent cyber-attacks by defending systems from unauthorized access, use, and disclosure of patient data.

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Increase In Cases Of Healthcare Cyber-Attacks Is Driving The Growth Of The Healthcare Cyber Security Market
For instance, according to Emsisoft Ltd, a New Zealand-based anti-virus distribution company, in 2020 approximately 2,354 cyber-attacks were recorded in United States hospitals, US-government bodies, schools, and others, where the total number of healthcare facilities cyber-attacked was 560. Therefore, the increasing cases of healthcare cyber-attacks are driving the growth of the healthcare cyber security market over the coming years.

Competitive Landscape And The Regional Analysis Of The Healthcare Cyber Security Market
Major players in the healthcare cyber security market are Kaspersky Lab, Cisco Systems Inc, FireEye Inc, IBM Corporation, McAfee Corp, Symantec Corporation, Trend Micro Inc, Palo Alto Networks Inc, Lockheed Martin Corporation, Intel Corporation, Northrop Grumman Corporation, Fortified Health Security, Imperva, Medigate Ltd., Atos SE, Broadcom Inc, Booz Allen Hamilton Inc, and Sensato Cybersecurity Solutions.

Additionally, as per TBRC’s research – North America was the largest region in the healthcare cyber security market in 2021 holding the largest market share.

The Healthcare Cyber Security Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare cyber security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the healthcare cyber security market.

Technological Advancement – A Key Trend In The Healthcare Cyber Security Market
Major companies operating in the healthcare cyber security market are focused on developing technologically advanced products to strengthen their market position.

Healthcare Cyber Security Market Segmentation By The Business Research Company

1) By Threat Type: Malware, Distributed Denial of Service (DDoS), Advanced Persistent Threats (APT), Spyware, Other Treat Types

2) By Solution: Identity and Access Management, Risk and Compliance Management, Antivirus and Antimalware, DDoS Mitigation, Security Information and Event Management, Intrusion Detection System and Intrusion Prevention System, Others Solutions

3) By Security Measures: Application security, Network security, Device security, Other Security Measures

4) By Deployment: On-Premises, Cloud-Based

5) By End User: Pharmaceutical Industries, Biotechnology Industries, Hospital, Medical Device Companies, Health Insurance Companies, Other End Users

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