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Medical Device Security Trends and Forecast
The future of the global medical device security market looks promising with opportunities in the healthcare providers, medical device manufacturers, and healthcare payers markets. The global medical device security market is expected to reach an estimated $10.8 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are quick improvements and breakthroughs in medical technology, increasing popularity of wearable and networked medical equipment, and rising adoption of cloud-based medical device security.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Medical Device Security by Segment
The study includes a forecast for the global medical device security by device type, end use industry, type, component, and region.
Medical Device Security Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:
• Hospital Medical Devices
• Internally Embedded Medical Devices
• Wearable and External Medical Devices
Medical Device Security Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Healthcare Providers
• Medical Device Manufacturers
• Healthcare Payers
Medical Device Security Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Application Security
• Endpoint Security
• Network Security
• Cloud Security
• Others
Medical Device Security Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Solutions
• Services
Medical Device Security Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Medical Device Security Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical device security companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical device security companies profiled in this report include-
• Cisco Systems
• IBM
• GE Healthcare
• Philips Healthcare
• Check Point Software Technologies
• FireEye
• Palo Alto Networks
Medical Device Security Market Insights
Lucintel forecasts that wearable and outdoor medical devices is expected to witness the highest growth over the forecast period because of growth in the need for home healthcare due to the prevalence of chronic illnesses, which is on the rise, and the increasing need to reduce healthcare costs.
North America is expected to witness highest growth over the forecast period due to rise in the number of cyberattacks on medical devices, the use of linked medical devices, healthcare personnelÄX%$%X growing knowledge of cybersecurity, and government efforts to put security measures in place.
Features of the Global Medical Device Security Market
Market Size Estimates: Medical device security market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical device security market size by various segments, such as by device type, end use industry, type, component, and region in terms of value ($B).
Regional Analysis: Medical device security market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different device type, end use industry, type, component, and regions for the medical device security market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical device security market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the medical device security market size?
Answer: The global medical device security market is expected to reach an estimated $10.8 billion by 2030.
Q2. What is the growth forecast for medical device security market?
Answer: The global medical device security market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the medical device security market?
Answer: The major drivers for this market are quick improvements and breakthroughs in medical technology, increasing popularity of wearable and networked medical equipment and rising adoption of cloud-based medical device security.
Q4. What are the major segments for medical device security market?
Answer: The future of the medical device security market looks promising with opportunities in the healthcare providers, medical device manufacturers, and healthcare payers markets.
Q5. Who are the key medical device security market companies?
Answer: Some of the key medical device security companies are as follows:
• Cisco Systems
• IBM
• GE Healthcare
• Philips Healthcare
• Check Point Software Technologies
• FireEye
• Palo Alto Networks
Q6. Which medical device security market segment will be the largest in future?
Answer: Lucintel forecasts that wearable and outdoor medical devices is expected to witness the highest growth over the forecast period because of growth in the need for home healthcare due to the prevalence of chronic illnesses, which is on the rise, and the increasing need to reduce healthcare costs.
Q7. In medical device security market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rise in the number of cyberattacks on medical devices, the use of linked medical devices, healthcare personnelÄX%$%X growing knowledge of cybersecurity, and government efforts to put security measures in place.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the medical device security market by device type (hospital medical devices, internally embedded medical devices, and wearable and external medical devices), end use industry (healthcare providers, medical device manufacturers, and healthcare payers), type (application security, endpoint security, network security, cloud security, and others), component (solutions and services), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Medical Device Security Market, Medical Device Security Market Size, Medical Device Security Market Growth, Medical Device Security Market Analysis, Medical Device Security Market Report, Medical Device Security Market Share, Medical Device Security Market Trends, Medical Device Security Market Forecast, Medical Device Security Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Medical Device Security Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Medical Device Security Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Medical Device Security Market by Device Type
3.3.1: Hospital Medical Devices
3.3.2: Internally Embedded Medical Devices
3.3.3: Wearable and External Medical Devices
3.4: Global Medical Device Security Market by End Use Industry
3.4.1: Healthcare Providers
3.4.2: Medical Device Manufacturers
3.4.3: Healthcare Payers
3.5: Global Medical Device Security Market by Type
3.5.1: Application Security
3.5.2: Endpoint Security
3.5.3: Network Security
3.5.4: Cloud Security
3.5.5: Others
3.6: Global Medical Device Security Market by Component
3.6.1: Solutions
3.6.2: Services
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Medical Device Security Market by Region
4.2: North American Medical Device Security Market
4.2.2: North American Medical Device Security Market by End Use Industry: Healthcare Providers, Medical Device Manufacturers, and Healthcare Payers
4.3: European Medical Device Security Market
4.3.1: European Medical Device Security Market by Device Type: Hospital Medical Devices, Internally Embedded Medical Devices, and Wearable and External Medical Devices
4.3.2: European Medical Device Security Market by End Use Industry: Healthcare Providers, Medical Device Manufacturers, and Healthcare Payers
4.4: APAC Medical Device Security Market
4.4.1: APAC Medical Device Security Market by Device Type: Hospital Medical Devices, Internally Embedded Medical Devices, and Wearable and External Medical Devices
4.4.2: APAC Medical Device Security Market by End Use Industry: Healthcare Providers, Medical Device Manufacturers, and Healthcare Payers
4.5: ROW Medical Device Security Market
4.5.1: ROW Medical Device Security Market by Device Type: Hospital Medical Devices, Internally Embedded Medical Devices, and Wearable and External Medical Devices
4.5.2: ROW Medical Device Security Market by End Use Industry: Healthcare Providers, Medical Device Manufacturers, and Healthcare Payers
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Device Security Market by Device Type
6.1.2: Growth Opportunities for the Global Medical Device Security Market by End Use Industry
6.1.3: Growth Opportunities for the Global Medical Device Security Market by Type
6.1.4: Growth Opportunities for the Global Medical Device Security Market by Component
6.1.5: Growth Opportunities for the Global Medical Device Security Market by Region
6.2: Emerging Trends in the Global Medical Device Security Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Device Security Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Device Security Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Cisco Systems
7.2: IBM
7.3: GE Healthcare
7.4: Philips Healthcare
7.5: Check Point Software Technologies
7.6: FireEye
7.7: Palo Alto Networks
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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