Healthcare Cybersecurity Market Size & Share 2023 to 2032
Market Size by Threat (Ransomware, Malware & Spyware, Distributed Denial of Services, Phishing & Spear Phishing), by Security Measures (Application Security, Network Security), by Deployment, by End Use & Forecast.
Report ID: GMI3147
|
Published Date: May 2023
|
Report Format: PDF
Download Free PDF
Authors:
Monali Tayade, Jignesh Rawal
Healthcare Cybersecurity Market Size
Healthcare Cybersecurity Market size exceeded USD 16.5 billion in 2022 and will exhibit over 18.5% CAGR from 2023-2032 driven by the increasing number of cyberattacks in developed as well as developing economies.
Healthcare Cybersecurity Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Medical data shared across a vast network is subject to ransomware and virus attacks. Hackers often target the healthcare industry as it is a lucrative way to gain access to health insurance information, medical records, and, in certain cases, social security numbers, posing a direct danger to victims. Thus, to strengthen data security, healthcare professionals are adopting advanced healthcare cybersecurity solutions, which is expected to support market progress.
Many countries, particularly developed nations, lack experts in data protection as well as cybersecurity training. The shortage of skilled individuals to operate cyber security technologies is slowing down healthcare cybersecurity market expansion. However, continued efforts to educate health professionals in the usage of digital health technologies will counter this market constraint in the future. This is expected to increase cybersecurity capabilities by encouraging developer skills, technological entrepreneurship, and networking.
Healthcare Cybersecurity Market Analysis
Healthcare cybersecurity market from the network security segment to hit around USD 42 billion by 2032 due to the advancement of healthcare IT, which allows medical data to be easily accessible across broad networks to aid in the treatment process. Increased computer connectivity and network jamming result in fraudulent actions in hospitals and other healthcare settings. The rising number of cyberattacks on healthcare organizations leads to significant financial loss and ongoing efforts by health institutions to reduce the risks of data breaches are boosting the adoption of cybersecurity solutions to protect patient data.
Healthcare cybersecurity market from the cloud-based segment generated nearly USD 13 billion in 2022. Cloud solutions help healthcare services to improve operational efficiency while lowering IT expenditures. Furthermore, newly developed cloud-based computing security solutions enable healthcare organizations to maintain data synchronization and safety, thereby improving data protection and cybersecurity, which is contributing to the surge in demand for cloud-based solutions.
North America healthcare cybersecurity market crossed over USD 6 billion in 2022 and will exhibit a substantial development from 2023 to 2032 attributed to increasing investments in R&D to develop advanced healthcare cybersecurity software. Furthermore, favorable government initiatives will support regional market outlook by 2032. To cite an instance, in March 2023, the Health Sector Coordinating Council, Cybersecurity Working Group, and the United States Department of Health and Human Services issued a guide to assist the public and private healthcare sectors in aligning their cybersecurity programs to the NIST Cybersecurity Framework (CSF).
Healthcare cybersecurity Market Share
Some of the major companies operating in the healthcare cybersecurity market are:
Recent developments
The global healthcare cybersecurity market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
By Threat
By Security Measures
By Deployment
By End-use
The above information is provided for the following geographies:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →