Medical Device Security Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

There has been a rising trend in the adoption of connected medical devices. Connected medical devices, similar to other computer systems, can be at risk to security breaches. Any security breach to medical devices can possibly impact the safety and efficiency of the device and privacy of patient data. With the increasing use of connected medical devices across global healthcare organizations, medical device manufacturers and hospitals have become more attentive towards building safer network security. The security of medical devices are required to protect the patient data and prevent it from healthcare cyber-attacks and threats.

MARKET SCOPE

The "Global Medical Device Security Market Analysis to 2031" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical device security market with detailed market segmentation by component, security, device type, end user, and geography. The report provides key statistics on the market status of the leading medical device security market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on component, the global medical device security market is segmented as solution and services.
• Based on type of security, the global medical device security market is segmented as application, endpoint, network, cloud, others.
• Based on device type, the global medical device security market is segmented as hospital medical devices, internally embedded medical devices, wearable and external medical devices.
• Based on end user, the global medical device security market is segmented as healthcare providers, healthcare payers, medical device manufacturers.

MARKET DYNAMICS
Drivers

• Growing healthcare cyber-attacks and threats
• Increasing adoption rate of connected medical devices

Restraints

• Stringent government regulations and lack of infrastructure in emerging countries

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Medical Device Security Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Medical Device Security Market in these regions.

IMPACT OF COVID-19 ON MEDICAL DEVICE SECURITY MARKET
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, social distancing policies, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. Moreover, in case of medical devices segment, strong focus on management of COVID-19 sidelined other activities such as purchasing of medical devices and security installations. In addition, limitation for resources to move from one place to another also had negative impact on the medical device security market.

Medical Device Security Market Report Analysis

Medical Device Security Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• GENERAL ELECTRIC COMPANY
• IBM
• Battelle Memorial Institute
• Microsoft
• Cisco Systems
• Coalfire
• UL LLC
• Drägerwerk AG & Co. KGaA,
• Extreme Networks

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Solutions
• Services

By Type of Security

• Application
• Endpoint
• Network
• Cloud

By Device Type

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

By End User

• Healthcare Providers
• Healthcare Payers
• Medical Device Manufacturers

MARKET PLAYERS

The report covers key developments in the Medical Device Security Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Medical Device Security Market are anticipated to lucrative growth opportunities in the future with the rising demand for customized procedure trays in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Medical Device Security Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• GENERAL ELECTRIC COMPANY
• IBM
• Battelle Memorial Institute
• Microsoft
• Cisco Systems
• Coalfire
• UL LLC
• Drägerwerk AG & Co. KGaA,
• Extreme Networks
• Broadcom
• Koninklijke Philips N.V

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Medical Device Security Market Report Scope