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Global Healthcare Cyber Security Market by Type of Threat, Type of Solution, and End User – Global Industry Analysis and Forecast to 2025

Healthcare Cyber Security Market overview:

Medical devices such as computers and databases are prone to number of cyber-attacks, impacting privacy and effectiveness of medical devices and systems. This vulnerability to cyber-attacks increases with increasing use of internet for connectivity and for accessing & storing vital information. Healthcare industry is witnessing rapid technological advancements, however many healthcare providers or organizations haven’t adequately invested in IT security measures for protecting vital information that is stored in the form of healthcare electronic records, repositories and databases and personal medical devices. Rapid advancements and adoption of high end technologies such as cloud storage is transforming the way in which healthcare systems are delivered but on the other side it is increasingly becoming more prone to cybercrimes and cyber-attacks. Worldwide cyber security attacks had increased by 40% in 2015. Cybercriminals uses various tools and techniques such as viruses and malware for breaching vital data in healthcare. Medical devices including CT scans and MRI, medical lasers and surgical machines, life supporting equipment such as ventilators, financial and employee information and technological instruments such as computers, telephones and firewalls is increasingly becoming target of cybercriminals.

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Cybercrimes and cyber frauds can be prevented by employing comprehensive security measures to safeguard against cyber threats. A healthcare provider can use number of defensive strategies to prevent data from being hacked. For instance, in order to prevent vulnerable threats, healthcare organizations can use range of anti-viruses and web filtering software to detect any infection or threat entering in servers and users end-points. Similarly healthcare organization can design and developed respond system that enables employees to notify any data breach by giving alert signal to other end points as well as employees so that breach can comprehend without extensive ancillary damage.

Increasing incidences of cybercrime, introduction of supportive government regulations and acts (IT information Act 2000, India) and rising incidence of internal and external data leaks is expected to increase demand for healthcare cyber security systems. Furthermore, high prevalence of cyber thefts such as theft of medical secrets, important patent information and exclusive data of patients as well as employees will further drive the global market. However lack of awareness and availability of skilled and trained professionals is expected to hamper growth of the market.

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Major players operating in the global healthcare cyber security market includes Kaspersky, Northrop Grumman, Fire Eye, Symantec, Cisco, Paulo Alto Networks, Lockheed Martin, Trend Micro, McAfee, IBM Corporation, and Sensato. These companies are focusing on upgrading their products to deliver better threat security to their clients. For Instance, McAfee, in 2017 has upgraded their product (antivirus and antimalware) that offers various benefits such as protection to unlimited devices, one security solution to desktops and wearable technologies, ability to secure all devices through one end point among other features owing to increase cyber-attacks especially rise in ransomware attacks (malicious software that blocks access to electronic devices).

Increasing usage of smartphones, technological advancements and increasing cyber-crimes is expected to provide ample opportunities for players operating in the global market. Emerging markets like India and china with increasing smartphone and wearable technology having vital information about health status of users and rapidly evolving healthcare infrastructure will drive the market in coming years. According to study conducted by Internet and  Mobile association of India in 2015-2016, the number of internet users is expected to be around 432 million in Dec 2016, and this number is expected to reach 465 million by June 2017. Such high prevalence of internet users will increase cybercrime attacks in next few years. Furthermore, with increasing mergers and acquisitions in healthcare sector, more and more healthcare providers will depend on cyber security measures to protect financial as well as other important information and databases.

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About Crystal Market Research

Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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