With 12.80% CAGR, Medical Device Security Market Size Hit USD 1493.66 Million in 2028 – Comprehensive Research Report by Facts & Factors

SAN FRANCISCO, U.S., Feb. 22, 2023 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Medical Device Security Market Size, Share, Growth Analysis Report By Security Types (Endpoint Security, Application Security, Network Security, Cloud Security, Others), By Device Types (Wearable and External Medical Devices, Hospital Medical Devices, Internally Embedded Medical Devices), By End Users (Healthcare Providers, Medical Device Manufacturers, Healthcare Payers), and By Region- Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Medical Device Security Market size & share was valued at approximately USD 725.10 million in 2021. The market is expected to grow above a CAGR of 12.80% and is anticipated to reach over USD 1493.66 million by 2028.”

Medical Device Security Market Overview:

Medical device security refers to the methods and strategies that can be applied to prevent attacks on medical devices. Attacks could lead to the unauthorized use of medical equipment and the disclosure of private information generated by it. The market expansion is being driven by the rising demand for linked medical devices in the healthcare industry.

In addition, healthcare, healthcare organizations are using medical device security solutions to reduce the risk of cyberattacks and enhance the security of medical devices, fueling market expansion.

Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs – https://www.fnfresearch.com/sample/medical-device-security-market

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• About 207+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on Request
• Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historical and Forecast Growth, Porter’s 5 Forces Analysis
• Facts and Factors research methodology

Key Insights from Primary Research

• As per the analysis, the Medical Device Security market is likely to grow above a CAGR of around 12.80% between 2022 and 2028.
• The Medical Device Security market size was worth around US$ 725.10 million in 2021 and is estimated to hit approximately US$ 1493.66 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.

• A rise in the incidence of chronic diseases is driving growth in the market for medical device security.

• The segments for wearable and exterior medical devices are anticipated to grow at the fastest rate during the anticipated time frame.
• Based on security, the endpoint security category, which is predicted to have the largest market share, will rule the industry.

• On the basis of region, the Asia-Pacific region is anticipated to lead the global market for medical device security.

Competitive Players

Some of the main players in the global Medical Device Security market include;

• General Electric
• Koninklijke Philips N.V.
• CISCO SYSTEMS
• Sophos Ltd.
• IBM
• DXC Technology Company
• FireEye Inc
• Check Point Software Technologies Ltd
• Palo Alto Networks

Limited Time Offer | Directly Purchase this Report with Exclusive Discount and Immediate Delivery @ https://www.fnfresearch.com/buynow/su/medical-device-security-market

Market Dynamics: Growth Drivers

Rising demand for linked medical devices in the healthcare industry and increased cyberattacks on connected medical devices are the main reasons fueling the expansion of the global medical device security market trends.

Additionally, the market is expected to develop due to the rapid use of IoT-based medical devices in the healthcare industry. But it’s anticipated that a lack of awareness of medical security devices among emerging nations and constrained healthcare security resources would restrain market expansion. On the other hand, the rise in cloud-based medical device security adoption is anticipated to provide lucrative prospects for the growth of the global market throughout the forecast period.

The adoption of cloud-based medical device security is expanding globally, another market development factor. Hospital technology experts reported ‘serious security events’ at a rate of 82% in 2018, with the average data breach costing $3.86 million. In order to strengthen data security, the healthcare sector uses cloud computing services to store electronic records, patient data, and other hospital data in a private cloud. However, the lack of infrastructure and strict government regulations faced by emerging nations could impede the expansion of the sector.

Browse the full “Medical Device Security Market Size, Share, Growth Analysis Report – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/medical-device-security-market

Medical Device Security Market: Segmentation Analysis

The global medical device security market is segmented based on component, security type, device type, end user, and region. The market is broadly segmented into solutions and services based on components. In addition, security is divided into endpoint security, network security, application security, cloud security, and other categories based on the type of security. Based on device type, it is categorized into hospital medical devices, internally embedded medical devices, external medical devices & consumer wearables. Finally, end users classify it into healthcare institutions, medical device manufacturers, and healthcare payers.

The medical device security market in North America is being driven by many factors, including an increase in the number of cyberattacks on medical devices, a rise in the adoption of connected medical devices, and an increase in healthcare professionals’ awareness of cybersecurity and government initiatives to implement security solutions.

Regional Dominance:

Asia Pacific region is forecasting significant expansion at the fastest growth rate in the global medical device security market due to the rise in the use of connected medical devices that function with the aid of healthcare IoT and the rising concern regarding data security in the healthcare sector of developing economies in this region.

On the other hand, due to the limited adoption of cutting-edge technology in this region’s underdeveloped healthcare sector, the Middle East and Africa region is growing at a moderate rate in the worldwide medical device security market.

Have Any Query? Ask Our Experts: https://www.fnfresearch.com/inquiry/medical-device-security-market

Recent Industry Developments:

• To help health systems protect against risk, GE Healthcare launched Skeye, a new medical device cybersecurity offering, in February 2020.
• Philips introduced Integrated Cybersecurity Services to Protect Connected Medical Devices in November 2020.
• In order to provide vendor-neutral solutions for safeguarding connected medical systems and devices, Philips partnered with CyberMDX, a pioneer in linked medical device security, in October 2020.
• Intent-Based Networking from Cisco® will be used to lay the foundation for the hospital’s digital operations, according to a January 2018 announcement from Cisco. Felix Platter Hospital is located in Basel, Switzerland.

Key questions answered in this report:

• What is the market size and growth rate forecast for Medical Device Security industry?
• What are the main driving factors propelling the Medical Device Security Market forward?
• What are the leading companies in the Medical Device Security Industry?
• What segments does the Medical Device Security Market cover?

• How can I receive a free copy of the Medical Device Security Market sample report and company profiles?

Report Scope:

Request for Customization on this Report as per your requirements – https://www.fnfresearch.com/customization/medical-device-security-market

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

The global medical device security market is segmented as follows:

By Types

• Endpoint Security
• Application Security
• Network Security
• Cloud Security
• Others

By Device Types

• Wearable and External Medical Devices
• Hospital Medical Devices
• Internally Embedded Medical Devices

By End Users

• Healthcare Providers
• Medical Device Manufacturers
• Healthcare Payers

By Region

• North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Southeast Asia
• The Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Request Your Free Sample Report of the Global Medical Device Security Market @ https://www.fnfresearch.com/sample/medical-device-security-market

Key Offerings:

• Market Size, Trends, & Forecast by Revenue | 2022−2028
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis by Types, Device Types, End Users, and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Browse Other Related Research Reports from Facts & Factors

• Medical Device Packaging Market Size, Share, Growth Analysis Report By Material Type (Plastic, Paper & Paperboard, Aluminum, and Other Material Types), By Product Type (Pouches, Bags, Trays, Boxes, Clam Shells, and Other Product Types), By Application (Sterile Packaging and Non-sterile Packaging), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
• Cyber Security in Healthcare Market Size, Share, Growth Analysis Report By Type of Solution (Identity and Access Management, Risk and Compliance Management, Antivirus and Antimalware, DDoS Mitigation, Security Information and Event Management, Intrusion Detection System/ Intrusion Prevention System and Others), By Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices and Others), By End-Use (Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals and Others), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
• Medical Device Interoperability Market Size, Share, Growth Analysis Report By Device Type (Monitoring Devices, Surgical Devices, Imaging Devices & Information Systems, Diagnostic Devices, and Therapeutic Devices), By Industry Participants (Clinical IT System Vendors, Healthcare System Integrators, Vendor-Agnostic Connectivity Vendors, and Medical Device OEMs), By End-User (Hospitals, Ambulatory Cares, and Clinics & Imaging Centres), By Application (Acute Care Settings, Patient Data Repositories, and Remote Patient Monitoring), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
• Medical Device Market By Type of Device (Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, MIS, Wound Management, Diabetes Care, Ophthalmic, Dental, Nephrology & Urology, General Surgery, & Others), By End-User (Homecare, Hospitals & Clinics, & Diagnostic Centers), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
• 3D Printed Medical Devices Market By Component (Software & Services, 3D Printers & 3D Bioprinters, Material, & Others), By Type (Surgical Guides, Dental Guides, Craniomaxillofacial Guides, Orthopedic Guides, Surgical Instrument, & Retractors), By Technology (Laser Beam Melting (LBM) Technology, Electronic Beam Melting (EMB) Technology, Selective Layer Sintering (SLS) Technology, Photopolymerization, Selective Laser Melting (SLM) Technology, Fused Deposition Modelling (FDM) Technology, & Direct Metal Laser Sintering (DMLS) Technology), By End-Users (Medical & Surgical Centers, Pharmaceutical and Biotechnological Companies, & Academic Institutions), and By Regions – Global and Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
• Medical Device Manufacturing Outsourcing Market By Product (EMS, Raw Materials, and Finished Goods), By Application (Ortho & Spine, Cardiovascular, Medical Imaging, IVDs, General Medical Devices, and Others), and By Services (Product Design & Development, Product Upgrade & Maintenance, Regulatory Consulting, Product Testing & Certification, Supply Chain Management, and Product Implementation): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026

About Facts & Factors:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn | Twitter | Facebook

Contact Us:

Rushikesh Dorge

USA: +1 347 690-0211

United Kingdom: +44 2032 894158

Japan: +81 50 5806 9039 | India: +91 73877 19999

Email: [email protected]

Web: https://www.fnfresearch.com