Global Medical Device Security Market is accounted for $3.26 billion in 2017 and expected to grow at a CAGR of 9.0% to reach $7.11 billion by 2026.
The future market research report contains information for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2026. The report analyzes and presents an overview of ‘Medical Device Security – Global Market Outlook (2017-2026)’ is a professional analysis, drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations and in-depth research & with a focus on the current state of the global industry.
Some of the factors such as increasing demand for connected medical devices, growing incidences of healthcare cyberattacks and threats, rising adoption of cybersecurity solutions, expanded geriatric population and growth in adoption of BYOD and IoT are boosting the market growth. However, less healthcare security budgets and strict government regulations are hampering the market growth. Moreover, increase in the adoption of advanced cloud security solutions in healthcare and the sensor-based wireless mobile medical devices will provide ample opportunities for the market growth.
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The global Medical Device Security market is highly fragmented and the top key players have used various strategies such as new product launches, sales, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Medical Device Security market for global, North America, Asia Pacific, South America and Middle East & Africa.
SOME OF THE KEY PLAYERS IN GLOBAL MEDICAL DEVICE SECURITY MARKET INCLUDE
- CA Technologies
- Cisco Systems
- GE Healthcare
- DXC Technology
- Palo Alto Networks
- Check Point Software Technologies
Based on Component, services segment is owing to increasing demand for various services from the healthcare and medical devices manufacturers and high-end services are required to manage the connected medical devices are factors driving the market growth.
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By Device, wearable and external medical devices segment is anticipated to grow due to growing need to reduce healthcare costs and increasing demand for home healthcare attributed to increasing prevalence of chronic diseases is fuelling the market growth. Wearable medical devices are handheld monitoring tools used in identification and monitoring of disease. It offer the supporting hardware for dealing with the emerging medical trend of delivering point-of-care service, unconfined medical monitoring and support, and assisting in the remote management of medical conditions for rehabilitating patients, the chronically ill and the disabled.
- Cloud Security
- Endpoint Security
- Network Security
- Wireless Security
- Application Security
- Other Security Types
- Internally Embedded Medical Devices
- Hospital Medical Devices
- Wearable and External Medical Devices
North America is anticipated to be the largest growing market owing to rising instances of cyberattacks on medical devices, increasing adoption of connected medical devices and growing awareness among healthcare professionals regarding cybersecurity are driving the market in this region.
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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