Discover trends, market shifts, and competitive outlooks for the healthcare cybersecurity industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Projections for the CAGR of the Healthcare Cybersecurity Market Size From 2025 to 2034?

In recent times, there has been a swift expansion in the size of the healthcare cybersecurity market. It is projected to increase from $23.86 billion in 2024 to $27.63 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. The significant growth witnessed during the historic period is credited to a rise in cyber attacks, heightened apprehensions surrounding security and privacy, joint efforts by the public and private sectors to fortify healthcare cybersecurity, the existence of sophisticated medical and healthcare infrastructure, and the advent of digital technologies.

The healthcare cybersecurity market is projected to observe a swift rise in the coming years, with its value expected to hit $49.26 billion by 2029, courtesy of a compound annual growth rate (CAGR) of 15.5%. The growth within the forecast timeframe is mainly attributable to enhanced investments in healthcare cybersecurity by different healthcare establishments and government schemes, an escalating requirement for advanced privacy and cybersecurity solutions, an upsurge in the frequency and intricacy of cyberattacks and an augmentation in security and regulatory compliance-related challenges, and an increase in Network Vulnerabilities. Noteworthy trends for the forecast timeline include a surge in the integration of IoT and connected gadgets, an increase in cloud-based healthcare solutions utilization, a rise in healthcare IT solutions use in outpatient care services, an increase in connected devices and smartphones adoption, the integration of 5G technology, heightened digitalization, and the uptake of Electronic Health Records (EHRs), wireless medical equipment, and telemedicine.

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What Are the Core Growth Drivers Propelling the Healthcare Cybersecurity Market Forward?

The growth of the healthcare cybersecurity market is anticipated to be driven by the rising incidence of cyberattacks. These attacks constitute malicious endeavours to disrupt, harm or gain unauthorised access to computer systems, networks, or devices. Driven by financial incentives, cybercriminals aim to illicitly acquire sensitive financial information, perform ransom attacks or participate in other profit-driven activities. Healthcare cybersecurity is vital for safeguarding delicate patient data, ensuring continuous care, and protecting healthcare systems from cyberattacks which could result in data breaches, financial setbacks, and jeopardised patient safety. For instance, Check Point Software Technologies Ltd., a software firm from Israel, reported that in the first nine months of 2023, there was a 3% increase in the global average of weekly cyberattacks compared to the same period in 2022. Moreover, the healthcare sector saw a notable 11% surge in cyberattacks, averaging 1613 incidents every week. Therefore, the surge in cyberattacks is fuelling the expansion of healthcare cybersecurity.

What Segment Types Define the Healthcare Cybersecurity Market Structure?

The healthcare cybersecurity market covered in this report is segmented –

1) By Solution: Identity And Access Management, Risk And Compliance Management, Antivirus And Antimalware, Distributed Denial Of Service (DDoS) Mitigation, Security Information And Event Management, Intrusion Detection System/ Intrusion Prevention System, Other Solutions

2) By Security: Network Security, Endpoint Security, Application Security, Content Security

3) By Threat: Malware, Distributed Denial Of Service (DDoS) Threats, Advanced Persistent Threat, Spyware, Lost Or Stolen Devices, Other Threats

4) By End User: Pharma And Chemicals, Medical Devices, Health Insurance, Hospitals, Other End Users

Subsegments:

1) By Identity And Access Management: User Authentication, Role-Based Access Control, Single Sign-On

2) By Risk And Compliance Management: Risk Assessment Tools, Compliance Management Solutions, Policy Management Software

3) By Antivirus And Antimalware: Antivirus Software, Antimalware Solutions, Endpoint Protection

4) By Distributed Denial Of Service (Ddos) Mitigation: Traffic Filtering, Rate Limiting, Ddos Protection Services

5) By Security Information And Event Management (SIEM): Log Management, Security Monitoring, Incident Response

6) By Intrusion Detection System Or Intrusion Prevention System (IDS Or IPS): Network-Based IDS Or IPS, Host-Based IDS Or IPS, Hybrid IDS Or IPS

7) By Other Solutions: Data Encryption Solutions, Threat Intelligence Services, Security Training And Awareness Programs

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Which Geographic Areas Hold the Strongest Growth Potential in the Healthcare Cybersecurity Market?

North America was the largest region in the healthcare cybersecurity market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Emerging Trends that Are Influencing theHealthcare Cybersecurity Industry Evolution?

Prominent firms in the healthcare cybersecurity industry are adopting innovative strategies, such as developing IoT security solutions, to boost their market profit margin. Healthcare’s IoT security solutions involve tactics and technologies aimed at safeguarding interconnected healthcare systems and devices from unauthorized access and cyber threats. For instance, in December 2022, Palo Alto Networks Inc., a US-based cybersecurity firm, introduced a zero-trust security system for healthcare devices called Medical IoT Security. It encompasses automatic discovery, segmentation, policy enforcement, and superior threat defense mechanisms. Utilizing machine learning, it swiftly identifies potential threats, secures exchanges, and effortlessly integrates with healthcare. The system promises quick installation, adaptable architecture compatibility, and makes the adoption of zero-trust approach simpler across all medical equipment.

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What Is the Definition of the Healthcare Cybersecurity Market?

Healthcare cybersecurity refers to the practice of protecting electronic information and assets from unauthorized access, use, disclosure, disruption, modification, or destruction within the healthcare sector. It involves implementing a variety of security measures, technologies, and policies to safeguard patient data, hospital systems, and medical devices against cyber threats and breaches. This is essential for maintaining patient privacy, ensuring the integrity of medical records, and supporting the continuity of healthcare services.

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