Healthcare cyber security is a strategic imperative for any organization in the medical industry, from healthcare providers to insurance companies to pharmaceutical, biotechnology, and medical device companies.

In this market, the rise in adoption of technologies such as IoT and machine learning in healthcare is expected to drive the growth of the healthcare cyber security market during the forecast period. Some of the key factors driving the demand for the healthcare cyber security market include increasing number of cyber-attacks and increasing adoption of mobile device applications and platforms. However, the increasing number of various cyber-attacks in the medical sector across the globe has increased the market demand for cyber security in the healthcare sector.

The report “Healthcare Cyber Security Market, By Threat (Ransomware, Malware & Spyware, Distributed Denial of Services, Advanced Persistent Threat, Phishing & Spear Phishing), By Solution Type (Antivirus and Antimalware, Risk and Compliance Management, Security Information and Event Management, Distributed Denial-Of-Service Mitigation, Identity and Access Management and Others), By Security Type (Network Security, Application Security, Device Security, Others), By Deployment (On-Premises, Cloud-based), By End-User (Hospitals, Pharmaceuticals and Biotechnology Industries, Healthcare Payers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2032 

Key Highlights:

• In December 2022, Palo Alto Networks announced a medical IoT security solution for medical devices—enabling healthcare organizations to quickly and securely deploy and manage new connected technologies. Zero Trust is a strategic approach to cyber security that secures an organization by eliminating implicit trust through continuous verification of every user and device.
• In December 2022, Cyber security resilience is a top priority for companies as they look to defend against a rapidly evolving threat landscape, according to the latest edition of Cisco's annual security results report launched in December 2022.
• In May 2022, IT and networking company Cisco in March launched a new cyber security assessment tool for small and medium-sized businesses in Asia Pacific to measure their cyber security readiness in the face of a hybrid work environment. “This has expanded the attack surface and increased cyber security risk beyond the perimeters companies have traditionally built to protect the business,” the company said. The new tool assesses a business's cyber security readiness through the 'Zero Trust' concept.
• In May 2022, US software company Symantec recently released its latest findings surrounding the ongoing cyber threat to the healthcare industry. Dubbed Orange worm, the cyber-attack affected 100 organizations in the US (17%), Europe and Asia, the company reported

Analyst View:

Healthcare cybersecurity has become increasingly important, cyber threats have steadily increased in recent years, and many healthcare organizations have struggled to secure their network infrastructure and perimeters to keep out intruders. The pandemic has increased the number of phishing attacks in the healthcare industry and increased the market. As more industries, including the healthcare industry, use the Internet and numerous digital platforms, the demand for cybersecurity is increasing. Availability of sophisticated cyber security solutions is also estimated to support the growth of the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Healthcare Cyber Security Market, By Threat (Ransomware, Malware & Spyware, Distributed Denial of Services, Advanced Persistent Threat, Phishing & Spear Phishing), By Solution Type (Antivirus and Antimalware, Risk and Compliance Management, Security Information and Event Management, Distributed Denial-Of-Service Mitigation, Identity and Access Management and Others), By Security Type (Network Security, Application Security, Device Security, Others), By Deployment (On-Premises, Cloud-based), By End-User (Hospitals, Pharmaceuticals and Biotechnology Industries, Healthcare Payers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Healthcare Cyber Security Market accounted for US$ 13.9 billion in 2022 and is estimated to be US$ 51.7 billion by 2032 and is anticipated to register a CAGR of 18.8%. The Healthcare Cyber Security Market is segmented based on threat, solution type, security type, deployment, end-users, and region.

• Based on threat, the Healthcare Cyber Security Market is segmented into Ransomware, Malware & Spyware, Distributed Denial of Services, Advanced Persistent Threat, and Phishing & Spear Phishing.
• Based on solution type, the target market is classified into Antivirus and Antimalware, Risk and Compliance Management, Security Information and Event Management, Distributed Denial-Of-Service Mitigation, Identity and Access Management and Others.
• Based on security type, the Healthcare Cyber Security Market is segmented into Network Security, Application Security, Device Security, Others.
• Based on deployment, the target market is classified into On-Premises, Cloud-based.
• Based on end-user, the Healthcare Cyber Security Market is segmented into Hospitals, Pharmaceuticals and Biotechnology Industries, Healthcare Payers.
• By Region, the Healthcare Cyber Security Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Healthcare Cyber Security Market:

The prominent players operating in the Healthcare Cyber Security Market includes, Symantec, Cisco System, Inc., Palo Alto Networks, Inc., NortonLifeLock Inc., Check Point Software Technologies Ltd., Fortinet, Inc., FireEye, Inc., Sophos Ltd, Juniper Networks, Inc., IBM Corporation.

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