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Healthcare Cybersecurity Market Size

  • Report ID: GMI3147
  • Published Date: May 2023
  • Report Format: PDF

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.

 

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.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for healthcare cybersecurity was worth around USD 16.5 billion in 2022 and is estimated to grow at over 18.5% CAGR through 2032, owing to the increasing number of cyberattacks globally.

Network security segment is anticipated to amass more than USD 42 billion by 2032 driven by the advancement of healthcare IT.

North America healthcare cybersecurity market was valued at over USD 6 billion in 2022 and will grow significantly through 2032 owing to the increasing investment in R&D to develop advanced healthcare cybersecurity software.

Fortified Health Security, Northrop Grumman, CLCLEARDATA, IBM, Imperva, Cisco Systems, Inc., Intel Corporation, Palo Alto Networks, Inc., and Trend Micro Incorporated are some of the leading firms engaged in the market.

Healthcare Cybersecurity Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 359
  • Countries covered: 26
  • Pages: 190
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