The global medical device security market size is expected to reach USD 9.78 billion by 2028 registering a CAGR of 8.5% over the forecast period according to the latest report by Reports and Data. Major factors driving market revenue growth are rising number of healthcare cyber-attacks and expanding pharmaceutical industries. Increasing healthcare devices manufacturers coupled with growing digitalization will also drive market growth.

Medical devices that are linked to the internet provide healthcare facilities with multiple ways to better track and manage patients. They do, however, provide opportunities for cyberattacks aimed at stealing highly personal information or disrupting treatment efforts. The technologies and practises that prevent attackers from gaining unauthorised access or control over medical devices and the data they produce are referred to as medical device cybersecurity.

Medical devices are increasingly being connected to healthcare networks and other medical devices in order to have capabilities that increase the efficiency of health care providers to manage patients. Regulatory bodies that authorise the sale of such devices may refuse to approve them for use by general public if these same features increase the risk of potential cybersecurity threats. Medical devices are vulnerable to security breaches, which could jeopardise the device's safety and efficacy. Medical device manufacturers must be careful in recognising threats and hazards associated with their devices including cybersecurity dangers according to the US Food and Drug Administration. This has enhanced growth of the medical device protection market significantly.

Furthermore, the medical device protection market is expected to expand due to technological advancements, increasing healthcare research activities, rising digital health education trends, and proliferation of connected medical devices over the forecast period.

However, high security costs, lack of knowledge about security arrangements and complexity of medical device security are major factors that will limit market growth to a significant extent over the forecast period. Furthermore, revenue growth is hampered by scarcity of qualified professionals to operate such sophisticated security systems.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4125

Some Key Highlights in the Report:

The endpoint security segment accounted for largest revenue share in the global market in 2020 due to growing adoption of smart medical devices.
The wearable and external medical devices segment is expected to register a robust CAGR during the forecast period.
The service segment is expected to register largest revenue share in the global market. Rising demand for continuous consultation has raised demand for maintenance services to protect medical devices from growing number of cyberattacks.
The healthcare providers segment accounted for largest revenue share among end user outlook in the global market in 2020 due to increasing Remote Patient Monitoring (RPM) services.
North America region is expected to account for largest revenue share over the forecast period due to rapid technological development in medical devices and increasing need for securing the same from cyber threats.
Revenue from the Asia Pacific medical device security market is expected to grow at a significant rate due to increasing government initiatives and growing investments for digitalization in health care industry.
Key players operating in the market are Cisco Systems, IBM, GE Healthcare, Symantec, CA Technologies, Philips, DXC Technology, CloudPassage, FireEye, Check Point Software Technologies, Sophos, Imperva, Fortinet, Palo Alto Networks, ClearDATA, Zscaler.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/4125

Medical Device Security Market Segmentation:

Type Outlook (Revenue, USD Million; 2018 – 2028)

Network Security
Endpoint Security
Cloud Security
Application Security
Others

Device Outlook (Revenue, USD Million; 2018 – 2028)

Wearable and External Medical Devices
Hospital Medical Devices
Internally Embedded Medical Devices

Component Outlook (Revenue, USD Million; 2018 – 2028)

Solution
Risk & Compliance Management
Identity & Access Management (IAM)
Encryption
Antivirus/Antimalware
Other Solutions
Services
Training & Education Services
Consulting
Professional services
Support & Maintenance
Design & Integration
Other Services

End UserOutlook (Revenue, USD Million; 2018 – 2028)

Healthcare Providers
Medical Device Manufacturers
Healthcare Payers

The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.

Regional analysis covers:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America(Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report @ https://www.reportsanddata.com/report-detail/medical-device-securit...

Thank you for reading our report. To know more about the customization of the report or further query about the report, please get in touch with us. Our team will ensure the report is well suited to your requirements.

Contact Us:

John W

Head of Business Development

Direct Line: +1-212-710-1370

E-mail: [email protected]

Reports and Data | Web: www.reportsanddata.com

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports

Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs