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The global medical device security market reached a value of US$ 7.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.62 Billion by 2027, exhibiting at a CAGR of 15.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Medical device security refers to the implementation of tools, techniques and procedures for preventing unauthorized access to medical devices. The security solutions enable healthcare providers to track patients and healthcare data and secure sensitive information from security threats and attacks, such as leakage of data and unlawful control of medical equipment. Medical device security utilizes encryption, data loss prevention, identity and access management, antivirus and antimalware, risk and compliance solutions and services that can be deployed on-premises or on the cloud. They also aid in preventing invasion of privacy, maintaining health records and increasing diagnostic accuracy. As a result, medical device security solutions are widely used across hospitals, clinics, diagnostic laboratories and ambulatory surgical centers.
The increasing instances of cyber-attacks and threats in the healthcare industry represent one of the key factors driving the growth of the market. Medical device security is widely used for data and system protection from unauthorized manipulation and malicious software to safeguard patient records that are critical to hospitals. Additionally, the widespread adoption of digital solutions for automated collection and storage of data for improving patient care and reducing errors is favoring the market growth. Moreover, various technological advancements, such as the integration of healthcare systems with artificial intelligence (AI) and the Internet of Things (IoT) solutions, are providing a thrust to the market growth. These technologies aid in protecting systems, networks and data by identifying and neutralizing cyber threats and malicious activities with security monitoring and real-time dynamic threat intelligence. Other factors, including the implementation of various government initiatives promoting the adoption of digital security solutions in the healthcare industry, along with the widespread adoption of cloud-based medical device security solutions, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical device security market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on device type, component, deployment mode and end user.
Breakup by Device Type:
Breakup by Component:
Breakup by Deployment Mode:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA, FireEye (Symphony Technology Group), Fortinet Inc., General Electric Company, International Business Machines Corporation, Koninklijke Philips N.V., McAfee Corp., Medigate, Palo Alto Networks Inc. and Synopsys Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Device Type, Component, Deployment Mode, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Check Point Software Technologies Ltd., Cisco Systems Inc., ClearDATA, FireEye (Symphony Technology Group), Fortinet Inc., General Electric Company, International Business Machines Corporation, Koninklijke Philips N.V., McAfee Corp., Medigate, Palo Alto Networks Inc. and Synopsys Inc.|
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The global medical device security market was valued at US$ 7.21 Billion in 2021.
We expect the global medical device security market to exhibit a CAGR of 15.9% during 2022-2027.
The rising integration of artificial intelligence and IoT solutions with medical devices, for protecting
healthcare data by identifying malicious activities with real-time dynamic threat intelligence, is
currently driving the global medical device security market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of medical device
security that enable the healthcare providers to remotely track patients and secure sensitive
Based on the device type, the global medical device security market has been divided into stationery
medical devices, internally embedded medical devices, and external medical devices and consumer
wearable. Among these, stationary medical devices exhibit a clear dominance in the market.
Based on the component, the global medical device security market can be categorized into solution
and services, where solution currently holds the majority of the total market share.
Based on the deployment mode, the global medical device security market has been segmented into
on-premises and cloud-based. Currently, on-premises mode represents the largest market share.
Based on the end user, the global medical device security market can be bifurcated into healthcare
institutions, medical device manufacturers, and others. Among these, healthcare institutions
currently account for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global medical device security market include Check Point Software
Technologies Ltd., Cisco Systems Inc., ClearDATA, FireEye (Symphony Technology Group), Fortinet
Inc., General Electric Company, International Business Machines Corporation, Koninklijke Philips
N.V., McAfee Corp., Medigate, Palo Alto Networks Inc., and Synopsys Inc.
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