Global Medical Device Security Market to Expand at a Noteworthy CAGR of 8.8% during 2017 to 2023
— Global Medical Device Security Market to Expand at a Noteworthy CAGR of 8.8% during 2017 to 2023: Pune, India, November 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Medical Device Security Market.
The incidences of cyber-attacks and theft of personal data have increased significantly in past few years due to rapid adoption of technologically advanced medical devices that are connected through IoT in the healthcare sector of various developing and developed regions, leading to the emergence of robust security solutions. Market Research Future (MRFR) has published a report asserting that the global medical device security market is marked to expand at a noteworthy CAGR of 8.8% during the forecast period of 2017-2023 and reach the valuation of USD 556.5 Mn by the end of the forecast period from USD 335.5 Mn in the year 2017.
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The major players profiled by MRFR that are operating in the global medical device security market are Cisco Systems (the U.S.), IBM (the U.S.), GE Healthcare (the U.S.), Symantec (the U.S.), CA Technologies (the U.S.), Philips (Netherlands), DXC Technology (the U.S.), CloudPassage (the U.S.), FireEye (the U.S.), Check Point Software Technologies (Israel), Sophos (the U.K.), Imperva (the U.S.), Fortinet (the U.S.), Palo Alto Networks (the U.S.), and ClearDATA (the U.S.).
Identity & Access Management Solutions
Data Loss Prevention Solutions
Risk & Compliance Management
Intrusion Detection Systems/Intrusion Prevention Systems
Disaster Recovery Solutions
Distributed Denial of Service Solutions
Training & Education
Support & Maintenance
Design & Integration
Managed Security Services
Internally Embedded Devices
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Medical Device Manufacturers
Geographically, the global medical device security market has been segmented into four major regions such as Europe, Americas, Asia Pacific and the Middle East and Africa. The Americas command for the major share in the global medical device security market owing to the presence of large number of players that are providing healthcare industry with advanced security solutions, rapid adoption of internet of things and higher threat of cyber-attacks in this region. The Europe region is projecting noteworthy growth in the global medical device security market owing to the increased incidences of cybercrime, rise in utilization of advanced connected medical devices and increased research and development expenditure for introducing highly effective security solutions in the healthcare sector in this region.
The Asia Pacific region is projecting significant expansion at the fastest growth rate in the global medical device security market owing to the increasing usage of connected medical devices that are operating with the help of healthcare IoT and rise in concern regarding data security in the healthcare sector of developing economies in this region. The Middle East and Africa region is expanding at a slow growth rate in the global medical device security market owing to the low penetration of advanced technology in the healthcare sector of the underdeveloped areas of this region.
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Rapid adoption of connected medical devices in the healthcare sector of developed and developing regions has increased the concerns regarding theft of personal medical data. Rise in incidences of cybercrime and misuse of personal data is inducing high demand for advanced medical device security modules, leading to the significant expansion of the global medical device security market. However, low penetration of technologically advanced medical devices, lack of awareness regarding the availability of advanced healthcare data security solutions and low healthcare budgets are likely to act as restraints on the expansion of the global medical device security market during the forecast period.
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