The Global Healthcare Cybersecurity Market is valued for USD 14.7 Billion in 2021 and is anticipated to reach USD 58.5 Billion by 2030 with a CAGR of 16.7% from 2022 to 2030.

Healthcare cybersecurity relates to the prevention of unauthorized access, theft, damage, or interruption to healthcare systems, networks, equipment, and patient data. It entails putting in place safeguards and technology to secure the confidentiality, integrity, and accessibility of healthcare services and information.

Several variables influence the need for healthcare cybersecurity. First, because of the large quantity of sensitive patient data it contains, the healthcare business has become a top target for hackers. PHI and EHRs contain sensitive information such as medical history, diagnosis, medications, and payment information. This information is in great demand on the illicit market, making healthcare organisations appealing targets for cyber assaults.

Second, as digital technologies and associated systems become more prevalent in healthcare, the attack surface for cyber threats has grown. Hackers may get access to electronic health data, medical equipment, telemedicine platforms, and other digital systems. Because these systems are linked, a breach in one area might potentially affect the whole healthcare network, causing interruptions in patient treatment. Finally, healthcare cybersecurity is critical for protecting patient privacy and trust. People rely on healthcare professionals to safeguard their personal and sensitive information. Any breach or violation of patient data can harm healthcare organisations' reputations, erode patient confidence, and have legal and financial ramifications.

Healthcare Cybersecurity Market Dynamics

For starters, the increased frequency and sophistication of cyber assaults on healthcare organisations has heightened awareness of the importance of strong cybersecurity measures. In recent years, the healthcare industry has seen a dramatic increase in ransomware attacks, data breaches, and other cyber threats. These instances have highlighted healthcare system vulnerabilities and the possible implications on patient safety and data privacy. As a result, healthcare organisations are substantially investing in cybersecurity solutions and services to safeguard their infrastructure and sensitive data.

Second, government policies and business standards are altering the landscape of healthcare cybersecurity. In the United States, regulatory agencies such as the Health Insurance Portability and Accountability Act (HIPAA) compel healthcare providers to employ security controls and measures to secure patient data. Compliance with these standards has become a top issue for healthcare organisations, driving up demand for cybersecurity solutions that meet regulatory criteria.

Third, the rising digitalization of healthcare procedures, as well as the use of new technology, has increased the attack surface for cyber attacks. EHRs, telemedicine platforms, Internet of Things (IoT) devices, and cloud-based solutions have all introduced new vulnerabilities into healthcare systems. As healthcare providers use these technologies to improve patient care and operational efficiency, the requirement for effective cybersecurity safeguards to limit possible dangers becomes critical.

Healthcare Cybersecurity Market Share

The healthcare cybersecurity market can be classified based on threat type, solution, end-user, and geography. In terms of threat type, the market is divided into malware, advanced persistent threat, distributed denial-of-service, and others. Based on solution, the market is split into Antivirus and antimalware, risk and compliance management, identity and access management, security information and event management, DDOS mitigation, and others. The end-user segment is split into hospitals, health insurance, and pharmaceuticals and biotechnology.

Global Healthcare Cybersecurity Market Geographical Competition

North America controls a sizable portion of the healthcare cybersecurity industry. The region is home to numerous important healthcare organizations and has a well-established healthcare infrastructure. The adoption of cybersecurity solutions is being driven by severe data protection rules such as HIPAA in the United States. The availability of innovative healthcare technology, as well as high-profile cyber assaults, has heightened the demand in this sector for effective cybersecurity measures. Furthermore, the existence of important cybersecurity firms and research organizations helps to the market's growth.

The healthcare cybersecurity industry in Asia-Pacific is rapidly expanding. Countries such as China, Japan, India, and South Korea have made significant investments in healthcare infrastructure and digital health technology. The growing use of electronic health records, telemedicine, and linked medical equipment has resulted in an increase in cyber risks, necessitating the use of strong cybersecurity solutions. Furthermore, the region is seeing governmental advancements to improve data protection rules, which is fueling demand for healthcare cybersecurity.

Global Healthcare Cybersecurity Industry Segment Analysis

Market By Threat Type

·         Malware

·         Advanced Persistent Threat

·         Distributed Denial-Of-Service

·         Others

Market By Solution

·         Antivirus and Antimalware

·         Risk and Compliance Management

·         Identity and Access Management

·         Security Information and Event Management

·         DDOS Mitigation

·         Others

Market By End-User

·         Health Insurance

·         Hospitals

·         Pharmaceuticals and Biotechnology

Healthcare Cybersecurity Market Leading Companies

The players profiled in the report are Cisco Systems, Inc., Northrop Grumman, FireEye, IBM, Kaspersky, Lockheed Martin, MacAfee, Paulo Alto Networks Symantec, and Trend Micro.

Healthcare Cybersecurity Market Regions