Healthcare Cybersecurity Market Analysis and Demand with Forecast Overview 2021 To 2025

Healthcare cybersecurity market share from DDoS threat protection is pegged to reach a 20% CAGR in through 2025 with the rise in attacks on cloud-based services and the extensive demand for healthcare cybersecurity solutions to render security against these attacks. The ongoing COVID-19 pandemic had also significantly influenced the industry trends with the growth in cybersecurity breaches in labs and hospitals. IBM entered a partnership with Cylera to launch Healthcare Asset Operations Center (HAOC), a solution for asset management and cybersecurity protection to assist hospitals in managing and securing their ventilators as well as other critical medical devices.

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While the global healthcare cybersecurity market has a rich end-use clientele, the healthcare sector in particular, has been observed to be rather proactive. The push in cognizance among healthcare companies to protect medical records can be credited to the fact that hackers find health records particularly more attractive.

According to Forbes, the credit card number or social security number of a person may fetch $10 and $2 respectively on the black market, while an electronic health record (EHR) may draw up to $1,000. This black income has led around 18 percent of hospital staffs to breach the policies and steal medical data. In the year 2018, there has been a staggering 298.4% growth in the reported number of patient records breached due to insider-wrongdoing.

The total disclosed number of breached patient records have escalated from 1.1 million in Q1 2018 to 4.4 million in Q3 2018 alone, out of which 680,000 records were breached by insiders. In the face of such a grim scenario, it does not come as a surprise that medical companies are striving to join forces with online security solution providers in order to install the best security service there is. These moves have quite overtly, pushed the graph of healthcare cybersecurity market upwards.

The rising prevalence of cyber-attacks and the threat of hackers to incorporate unique malware across healthcare organizations, leading to obstruction in securing important data, will drive healthcare cybersecurity market forecast. As per statistics, there were 32,000 cyber-attacks witnessed every day across healthcare organizations in 2017. This has indicated growth opportunities for various solution providers to come up with initiatives to offer remedies against data exposure and temperance.

Imperva, Symantec Corporation, McAfee, Cisco Systems, FireEye Inc, Trend Micro Incorporated, Palo Alto Networks, Atos SE, and Fortified Health Security are some of the other firms in the business. However, higher charges associated with the installation of healthcare cybersecurity systems may hinder the overall growth to a certain extent.

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Partial Chapter of the Table of Content

Chapter 5.     Healthcare Cybersecurity Market, By Security Measures

5.1. Key segment trends

5.2. Application security

5.2.1.  Healthcare Cybersecurity Market, size, by region, 2014-2025 (USD Million)

5.3. Network security

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Application security

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. Others

5.5.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 6.     Healthcare Cybersecurity Market, By Deployment

6.1. Key segment trends

6.2. On-premises

6.2.1.  Market size, by region, 2014-2025 (USD Million)

6.3. Cloud-based

6.3.1.  Market size, by region, 2014-2025 (USD Million)

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