The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare cyber security market report forecasts the healthcare cyber security market size to grow to $37.53 Billion by 2027, with a CAGR (compound annual growth rate) of more than 18%.

Learn More On The Healthcare Cyber Security Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-cyber-security-global-market-report

Healthcare Cyber Security Market Size Forecast
The global healthcare cyber security market is expected to grow from $15.79 billion in 2022 to $18.83 billion in 2023 at a compound annual growth rate (CAGR) of 19.2%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare cyber security market size is expected to grow to $37.53 billion in 2027 at a CAGR of 18.8%.

North America held the largest healthcare cyber security market share.

Key Healthcare Cyber Security Market Driver ­– Increase In Cases Of Healthcare Cyber-Attacks
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.

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Key Healthcare Cyber Security Market Trend – Technological Advancement
Major companies operating in the healthcare cyber security market are focused on developing technologically advanced products to strengthen their market position. For instance, in 2021, Trend Micro Incorporated, a Japan-based company operating in healthcare cyber security, launched Trend Micro Vision One, which works on XDR (extended detection and response) technology. XDR usually collects and automatically correlates data across multiple security layers through email, endpoints, servers, cloud workloads, and networks. Trend Micro Vision One will provide detection and quicker analysis of threats, respond to them, and prioritize threats to send alerts to control setup for further investigation in healthcare organizations.

Healthcare Cyber Security Market Segment
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: Pharamceutical Industries, Biotechnology Industries, Hospital, Medical Device Companies, Health Insurance Companies, Other End Users

Healthcare Cyber Security Market Major Players and Strategies
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.

In November 2021, IBM Corporation, a US-based software company, acquired ReaQta BV for an undisclosed amount. Through this acquisition, IBM will enhance its healthcare cyber security platform and consumer healthcare platform experience and also expand market reach in the healthcare cyber security market. ReaQta BV is a Netherlands-based company operating in endpoint security solutions for various organizations including healthcare.

The Healthcare Cyber Security Global Market Report 2023 covers regional data on healthcare cyber security market size, healthcare cyber security market trends and drivers, opportunities, strategies, and healthcare cyber security market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Healthcare cybersecurity is a strategic necessity for all medical industry organizations, including healthcare providers, insurers, pharmaceuticals, biotechnology, and medical device firms.
View More Reports Related To The Healthcare Cyber Security Market –
Cybersecurity Global Market Report 2023
Healthcare Personal Protective Equipment Global Market Report 2023
Cybersecurity Services Global Market Report 2023

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