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

Report Code: PMI505923 | Publish Date: June 2023 | No. of Pages: 170

Healthcare Cyber Security Market Overview

Cyber Security Strategy Protects Healthcare Providers' Networks, Systems, and Programs from Digital Attacks Cyber security for healthcare includes a variety of software that helps secure patient and healthcare organization data from cyber-attacks. Cyber security in healthcare involves protecting electronic information and assets from unauthorized access, use and disclosure. The healthcare industry is plagued by a myriad of cyber security-related issues, from malware to distributed denial-of-service attacks that compromise system integrity and patient privacy, disrupting facilities' ability to provide patient care.

Cyber security in health care information protection is essential to the normal functioning of organizations. Many healthcare organizations have a variety of specialized hospital information systems such as HER systems, e-prescribing systems, practice management support systems, clinical decision support systems, radiology information systems, and computerized physician order entry systems. In addition, thousands of devices that comprise the Internet of Things must also be protected, including smart elevators, smart heating, ventilation and air conditioning systems, infusion pumps, remote patient monitoring devices, and others. In addition to those mentioned below, these are examples of some of the assets that healthcare organizations typically have. Healthcare cyber security market is classified into various threats such as Ransomware, Malware & Spyware, Distributed Denial of Services, Advanced Persistent Threat, and Phishing & Spear Phishing.

Among ransomware and other malware, ransomware poses a significant threat to the privacy, integrity, and availability of information, when a machine or device is infected with ransomware, files and other data are typically encrypted, access is denied, and ransom is demanded. In short the data is held hostage by the cybercriminal and a ransom is demanded for the cybercriminal and a ransom is demanded to get the data back to the user. Threats to computer systems and devices in phishing are not limited to malware, however, phishing is the initial point of compromise for particularly significant security incidents. Phishing is particularly effective because the individual user is targeted and can be tricked into revealing sensitive information, clicking on malicious links, or opening malicious attachments.

Increasing demand for advanced cyber security solutions and increasing privacy in frequency and complexity of cyber threats, emergence of disruptive digital technologies across the healthcare sector and continuous technological developments are some of the key factors driving the growth of the Healthcare Cyber Security Market. Increased number of cyber-attacks and increase in demand for cloud services drive the growth of healthcare cyber security industry.

 

Attributes

Details

Healthcare Cyber Security Market Value (2022)

US$ 13.9 Bn

Healthcare Cyber Security Market Projected  Value(2032)

US$ 51.7 Bn

Healthcare Cyber Security Market CAGR (2022-2032)

18.8%

Healthcare Cyber Security Market Dynamics

 

 

Privacy and security concerns increasing cyber-attacks and high adoption of advanced cyber security measures are some of the factors driving the market. Furthermore, increasing adoption of cloud based solutions in the healthcare sector, increasing adoption of connected devices and smartphones, and adoption of 5G technology are further contributing factors to the market segment over the forecast period and also Growing security and regulatory compliance-related issues in North America and Europe, increasing incidents of data leaks in developing countries, and increasing demand for cloud services drive the growth of the healthcare cyber security industry. The healthcare cyber security market is also expected to grow during the forecast period due to major factors such as increase in cybercrimes, increase in healthcare sector budget, increased awareness about cyber security in the healthcare sector, etc. Moreover, there are many things. Government initiatives around the world to protect personal information will significantly increase the market for healthcare cyber security. Furthermore, regulatory and government policies that encourage improvement in the security standards of the healthcare industry positively impact the growth of the healthcare cyber security market. It helps prevent financial loss, protects against viruses, various types of malware and ransomware attacks. Protect data from being exposed through hacking or theft etc., it prevents hardware damage that can affect productivity. On the other hand, Covid-19 has positively impacted the healthcare cyber security market and the market has been hampered by the high implementation cost of healthcare cyber security measures. However, shortage of cyber security professionals and frequently changing nature of cyber-attacks may hamper the market growth in near future.

Increase in the use of internet connected devices

With the advancement of different technologies, the cyber security market has now seen an increase in the use of internet connected devices. AI and machine learning have played a major role in the advancement of cyber security, with machine learning being used to model network behavior to identify malicious behavior by hackers and improve overall threat detection. Running a business using cutting-edge technology and fearing the increasing incidence of cybercrimes, as most business practices are going digital, has brought about a major change in the entire scenario. Advances in technology have made it easier for hackers to access systems, using the latest techniques and keeping up with new incidents of cybercrime, maintaining valid cyber insurance can save you a lot in your liabilities post-crime. The latest AI technologies are being introduced in all market segments, with the combination of machine learning these technologies have drastically changed cyber security. AI is paramount for automated security systems, natural language processing, face detection and automated threat identification. It has become more affordable due to the growth of competitors and the development of technology. In today's connected world, the healthcare sector is accelerating its digital transformation with the emergence of digital technologies such as the Internet of Things, cloud computing and big data. Manufacturers involved in the Healthcare Cyber Security market are developing advanced versions of their products due to new age technological advancements. Key players of Healthcare Cyber Security are investing more in power systems and creating more modern, timesaving, cost-effective technology that has a positive impact on the Healthcare Cyber Security Market. In August 2022, Happiest Minds Technologies Limited, Born Digital, Born Agile' digital transformation and IT solutions company, announced the launch of cyber security services in the healthcare vertical. Cyber security for healthcare provider's end-to-end security services for the healthcare industry by applying a robust and proven-edge tools and technology.

Healthcare Cyber Security Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report. The Healthcare Cyber Security Market is segmented based on threat, solution type, security type, deployment, end-users, and region.

On the basis of threat, the Healthcare Cyber Security Market is segmented into Ransomware, Malware & Spyware, Distributed Denial of Services, Advanced Persistent Threat, and Phishing & Spear Phishing. On the basis of 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. On the basis of security type, the Healthcare Cyber Security Market is segmented into Network Security, Application Security, Device Security, Others. On the basis of deployment, the target market is classified into On-Premises, Cloud-based. On the basis of end-user, the Healthcare Cyber Security Market is segmented into Hospitals, Pharmaceuticals and Biotechnology Industries, Healthcare Payers.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Healthcare Cyber Security Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America dominates the healthcare cyber security market. North America is the largest market for healthcare security as various companies are headquartered in the US region. This has contributed to the growing reliance on healthcare infrastructure in the region.

Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

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-Use - Hospitals, Pharmaceuticals and Biotechnology Industries, Healthcare Payers

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Healthcare Cyber Security Market report based on threat, solution type, security type, deployment, end-user, and region:

Healthcare Cyber Security Market, By Threat:

  • Ransomware
  • Malware & Spyware
  • Distributed Denial of Services
  • Advanced Persistent Threat
  • Phishing & Spear Phishing

Healthcare Cyber Security Market, By Solution Type:

  • Antivirus and Antimalware
  • Risk and Compliance Management
  • Security Information and Event Management
  • Distributed Denial-Of-Service Mitigation
  • Identity and Access Management
  • Others

Healthcare Cyber Security Market, By Security Type:

  • Network Security
  • Application Security
  • Device Security
  • Others

Healthcare Cyber Security Market, By Deployment:

  • On-Premises
  • Cloud-based

Healthcare Cyber Security Market, By End User:

  • Hospitals
  • Pharmaceuticals and Biotechnology Industries
  • Healthcare Payers

Healthcare Cyber Security Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Healthcare Cyber Security Market Key Players

The key players operating 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.

Healthcare Cyber Security Market Company Profile

  • Symantec*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • 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.

“*” marked represents similar segmentation in other categories in the respective section

 

Recent Developments:

  • In November 2022, Palo Alto Networks, a global cyber security leader, introduces PAN-OS 11.0 Nova, the latest version of its industry-leading PAN-OS software, with 50+ updates and innovations. Among them are the new advanced Wildfire cloud-delivered security service that brings unprecedented protection against evasive malware and the advanced threat prevention service that now protects against zero-day injection attacks.
  • In September 2022, Norton, NortonLifeLock's consumer cyber security brand, announced that its commitment to cyber security this year may be greatly reduced, as Cyber security Awareness Month reminds us that there are many ways to keep data protected. As a champion of this initiative, Norton is sharing insights during the National Cyber Security Alliance virtual event, “Cyber Security America: A United Mission,” in October 2022.
  • In September 2022, Check Point Software Technologies Limited, a leading global provider of cyber security solutions, announced the launch of Check Point Horizon—a suite of industry prevention-focused security operations solutions and services that combine proactive management solutions for managed prevention and response. , Expanded Prevention and Response and Programs. All powered at the click of a button and powered by industry research experts and innovative AI technology.

Healthcare Cyber Security Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Security Types
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Security Types
      • Secondary Security Types
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Threat
      • Market Snippet, By Solution Type
      • Market Snippet, By Security Type
      • Market Snippet, By Deployment
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Healthcare Cyber Security Market, By Threat
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Ransomware
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Malware & Spyware
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Distributed Denial of Services
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Advanced Persistent Threat
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Phishing & Super Phising
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Healthcare Cyber Security Market, By Solution Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Antivirus and Antimalware
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Risk and Compliance Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Security Information and Event Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Distributed Denial-Of-Service Mitigation
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Identity and Access Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Healthcare Cyber Security Market, By Security Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Network Security
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Application Security
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Device Security
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Healthcare Cyber Security Market, By Deployment
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • On-Premises
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Cloud-based
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  9. Healthcare Cyber Security Market, By End-Users, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Pharmaceuticals and Biotechnology Industries
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Healthcare Payers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  10. Healthcare Cyber Security Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Threat, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Security Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Threat, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Security Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Threat, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Security Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Threat, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Security Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Threat, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Solution Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Security Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  11. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  12. Company Profiles
  • Symantec
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cisco System, Inc.
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Palo Alto Networks, Inc.
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NortonLifeLock Inc.
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Check Point Software Technologies Ltd.
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fortinet, Inc.
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • FireEye, Inc.
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sophos Ltd
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Juniper Networks, Inc.
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IBM Corporation
    • Company Overview
    • Threat Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Over the Counter Drugs Market is 13.9 billion in 2022.

The Over the Counter Drugs Market is projected to increase at a CAGR of 18.8% during the forecast period.

The Healthcare Cyber Security Market is segmented based on threat, solution type, security type, deployment, end-users, and region.

Privacy and security concerns increasing cyber-attacks and high adoption of advanced cyber security measures are some of the factors driving the market.

North America dominated the market for healthcare cyber security market.

The Key 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.