Healthcare Cybersecurity

Healthcare Cybersecurity Market by Type (Antivirus and Antimalware, DDoS Mitigation, Identity and Access Management), Security (Application Security, Endpoint Security, Network Security), Deployment, End-User - Global Forecast 2024-2030

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[199 Pages Report] The Healthcare Cybersecurity Market size was estimated at USD 21.70 billion in 2023 and expected to reach USD 25.20 billion in 2024, at a CAGR 16.36% to reach USD 62.71 billion by 2030.

Healthcare Cybersecurity Market
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Healthcare cybersecurity is the range of actions to safeguard healthcare organizations from internal and external cyber-attacks, which involves protecting electronic information and assets from unauthorized use, access, and disclosure. The growing number of cyber-attacks with electronic, digital, and internet-connected healthcare devices necessitates cybersecurity solutions. The increasing security and regulatory compliances in the healthcare industry to maintain confidentiality, operate medical equipment properly, and ensure the integrity of patient data are fostering the adoption of healthcare cybersecurity solutions. Furthermore, the lack of an experienced and skilled workforce to handle the healthcare cybersecurity solutions associated with high implementation and maintenance costs hampering this technology's wider scope. The ongoing integration of the Internet of Things (IoT) in the healthcare sector is resulting in the emergence of advanced healthcare cybersecurity solutions, which is expected to boost the adoption of this technology.

Healthcare Cybersecurity Market - Global Forecast 2024-2030
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Regional Insights

The adoption of healthcare cybersecurity solutions is becoming popular in the Americas owing to the rising government programs focused on providing vetted cybersecurity practices, which drive consistency in mitigating the most relevant cybersecurity threats to the healthcare sector. Additionally, the initiatives of the European Union Agency for Cybersecurity (ENISA) and the European Cyber Security Organization (ECSO) to ensure citizens’ trust in the medical services and infrastructure available are expanding the scope of healthcare cybersecurity solutions in the EMEA. Moreover, the rising healthcare cyberattacks in the countries across APAC, such as India and Australia, necessitate the deployment of advanced cybersecurity solutions to protect confidential medical data, anticipating the prospectus for healthcare cybersecurity solutions in the Asia-Pacific region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Healthcare Cybersecurity Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Healthcare Cybersecurity Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Illinois State University and OSF HealthCare partner in cybersecurity research initiative

    Illinois State University and OSF Healthcare have teamed up to establish a cybersecurity research initiative. With the increasing prevalence of cyber threats facing the healthcare sector, this partnership seeks to develop cutting-edge solutions to safeguard patient data and ensure secure communication between healthcare professionals. The initiative will leverage the expertise of both organizations to provide hands-on training and education to future cybersecurity professionals. Through this collaboration, Illinois State University and OSF Healthcare are taking proactive measures to address the growing concerns surrounding healthcare cybersecurity. [Published On: 2023-03-23]

  • Zerify Signs Partner Agreement With Apex Cybersecurity

    As the importance of cybersecurity gains momentum in the healthcare industry, Zerify has taken a significant step towards solidifying their position in this space. With the recent signing of a partner agreement with Apex Cybersecurity, Zerify has secured a valuable resource in their efforts to provide top-tier security solutions to healthcare organizations. This partnership not only expands Zerify's reach, but it also enables them to leverage Apex's vast experience in cybersecurity to better address the unique challenges faced by healthcare providers. As professionals in this industry, it is encouraging to see companies like Zerify take proactive measures to strengthen cybersecurity in healthcare. [Published On: 2023-02-23]

  • Censinet Secures USD 9M in New Funding to Accelerate Third Party Risk Management in Healthcare

    Censinet, a leader in third-party risk management solutions for the healthcare industry, recently announced that it has secured USD 9 million in new funding to accelerate its mission of delivering a more secure future for healthcare providers and their patients. With cyber attacks on the rise and the healthcare industry facing increasing regulatory scrutiny, Censinet's platform offers an innovative way to manage the risks associated with third-party vendors and protect sensitive patient data. This latest funding will enable Censinet to expand its team and continue to provide cutting-edge solutions that prioritize security and compliance. As they look to the future, Censinet remains committed to being a trusted partner for healthcare organizations seeking to mitigate their cybersecurity risks. [Published On: 2023-01-11]

Key Company Profiles

The report delves into recent significant developments in the Healthcare Cybersecurity Market, highlighting leading vendors and their innovative profiles. These include AO Kaspersky Lab, Armis Security Ltd., Atos SE, Booz Allen Hamilton Holding Corporation, Broadcom Inc., Check Point Software Technologies Ltd., CIPHER SECURITY LLC, Cisco Systems, Inc., Clavister AB, Crowdstrike Holdings, Inc., Cynerio Israel Ltd., DXC Technology Company, Forescout Technologies, Inc. by Advent International Corporation, Fortified Health Security, Imperva, Inc., Imprivata, Inc., Intel Corporation, International Business Machines Corporation, Irdeto B.V., Juniper Networks, Inc., LogRhythm, Inc., Medigate by Claroty Ltd., Musarubra US LLC, NortonLifeLock Inc., Palo Alto Networks, Inc., SecurityHQ, Sophos Ltd., Teceze (UK) Ltd., Thales Group, ThreatTrack Security, Inc., and Trend Micro Incorporated.

Market Segmentation & Coverage

This research report categorizes the Healthcare Cybersecurity Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Antivirus and Antimalware
    • DDoS Mitigation
    • Identity and Access Management
    • Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
    • Risk and Compliance Management
    • Security Information and Event Management (SIEM)
  • Security
    • Application Security
    • Endpoint Security
    • Network Security
  • Deployment
    • Cloud-based
    • On-premise
  • End-User
    • Health Insurance
    • Hospitals
    • Medical Devices
    • Research Laboratories

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Healthcare Cybersecurity Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Healthcare Cybersecurity Market?
  3. What are the technology trends and regulatory frameworks in the Healthcare Cybersecurity Market?
  4. What is the market share of the leading vendors in the Healthcare Cybersecurity Market?
  5. Which modes and strategic moves are suitable for entering the Healthcare Cybersecurity Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Healthcare Cybersecurity Market, by Type
  7. Healthcare Cybersecurity Market, by Security
  8. Healthcare Cybersecurity Market, by Deployment
  9. Healthcare Cybersecurity Market, by End-User
  10. Americas Healthcare Cybersecurity Market
  11. Asia-Pacific Healthcare Cybersecurity Market
  12. Europe, Middle East & Africa Healthcare Cybersecurity Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 382]
  17. List of Companies Mentioned [Total: 31]
Protecting Patient Data: A Comprehensive Guide to Healthcare Cybersecurity
June 28, 2023
Protecting Patient Data: A Comprehensive Guide to Healthcare Cybersecurity
The healthcare industry spends millions of dollars each year to safeguard patient data, but it remains vulnerable to cyber-attacks. Cyber threats are becoming increasingly sophisticated, and health organizations must keep pace with this changing landscape. This blog post will discuss the significance of healthcare cybersecurity, the challenges healthcare providers face, and solutions to prevent cyber attacks.

The consequences of a data breach can be severe and costly, resulting in identity theft, legal fees, damaged reputation, and loss of business. Healthcare providers are targets because of the sensitivity of the data they store, including personal information, medical records, and financial details. The cost of healthcare data breaches has increased considerably over the last year, and the healthcare industry is the most targeted sector for cybercrime.

The healthcare industry faces several challenges, including outdated infrastructure, budget constraints, and a lack of cybersecurity talent. Healthcare providers must comply with strict regulations such as HIPAA and HITECH, which require them to protect health information and ensure its confidentiality, integrity, and availability. Compliance with these regulations is necessary but not sufficient to secure access to data.

Healthcare providers need to implement a thorough cybersecurity plan to stop cyberattacks. One must first do a risk assessment to identify the organization's vulnerabilities and dangers. The healthcare provider must next create an incident response strategy that specifies how to react in the event of a data breach. Training employees on basic cybersecurity practices such as password safety, phishing, and avoiding public Wi-Fi networks is essential. They must also implement Access Control Mechanisms, avoid using default administrative passwords, and enforce security awareness training for employees.

The healthcare provider can implement several technical solutions to enhance security, such as encryption, intrusion detection and prevention systems, multi-factor authentication, and security information and event management (SIEM) technologies. Additionally, they can use firewalls, anti-malware, and other security tools to reduce the risk of data breaches. These tools can help in detecting unusual activities, such as unauthorized access to sensitive data, and reduce the potential damage caused by a cyber attack.

Healthcare providers must take a proactive approach to cybersecurity and prioritize it on their agenda. A robust cybersecurity plan that addresses people, processes, and technology is essential to protect patient data. By identifying vulnerabilities, implementing safeguards, and training employees, healthcare providers can prevent security breaches and maintain regulatory compliance. By investing in healthcare cybersecurity, they can protect patient information and reputations and, most importantly, comply with regulatory requirements. As threats to healthcare data evolve, healthcare organizations must modify their cybersecurity plans to address new and emerging risks. A healthcare provider that doesn’t prioritize cybersecurity keeps itself and its patients at risk.

Frequently Asked Questions
  1. How big is the Healthcare Cybersecurity Market?
    Ans. The Global Healthcare Cybersecurity Market size was estimated at USD 21.70 billion in 2023 and expected to reach USD 25.20 billion in 2024.
  2. What is the Healthcare Cybersecurity Market growth?
    Ans. The Global Healthcare Cybersecurity Market to grow USD 62.71 billion by 2030, at a CAGR of 16.36%
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