Global healthcare cyber
security market size is expected to reach nearly USD 10,848.87million by 2022,
according to a new report by Grand View Research, Inc. Key factors attributing
to the growth of the market include the increasing incidences of cyber attacks
for misuse of electronic patient health records (E-PHR), social security
records, IP theft, and others.
Cyber attacks are constantly
increasing across the globe. On previous encounters it was witnessed that cyber
attacks were focused on stealing, financial information, billing information,
and bank account numbers using stolen devices with un-encrypted data, phishing
and spam mails. Technological advancements have led to advanced cyber warfare
using SQL injections, advanced persistent threats (APT), zero day attacks, and
advanced malware.
Lack of adequate IT spending by
healthcare organizations and lack of awareness about cyber crime have exposed
the vulnerabilities of healthcare organizations. The overall impact of cyber
attacks on the hospitals and healthcare systems is estimated to be nearly six
billion per year.
Furthermore, these
organizations face internal threats due to factors such as the use of cloud
services, unsecure networks, employee negligence, bring your own device (BYOD),
lack of internal identification and security systems, stolen devices with
un-encrypted files.
Healthcare cyber security
market is segmented by, type of threat into malware, ddos, advanced persistent
threat (apt), spyware, lost and stolen devices, others. In 2013, Boston
Scientific, St.Jude Medical and, Medtronic witnessed cyber attacks and hacking.
In 2015, Anthem, which is the second largest health insurance provider in the
U.S., witnessed a massive cyber attack leading to loss of 80 million customer
records.
Security information and event
management (SIEM),risk and compliance management, DDoS mitigation, antivirus,
antimalware, identity and access management, intrusion detection system
(IDS)/intrusion prevention system (IPS) and others are the solutions included
in the scope of the study. These solutions can be used individually or can be
used as a suite of products providing layer wise security.
Market dynamics in this sector
are dependent on the type of threat, effectiveness, and frequency of attack,
ability to detect and destroy. New types of threats are detected each day,
hence, the solutions need to be upgraded constantly to provide adequate
firewall security and prevent data breach.
In depth research report on Healthcare Cyber Security
Market
Further key findings from the study suggest:
·
In 2014, North America held the
largest market share of more than 41% owing to the presence of sophisticated
healthcare infrastructure, and increasing collaboration between pharmaceutical,
medical device industries, with regulatory authorities. This can be illustrated
using the U.S FDA guidance document on networked medical devices.
·
Furthermore, the U.S. is a
prime target for cyber crimes due to, the presence of large fortune 500
healthcare organizations, full scale implementation of digital patient records,
and use of extensive social security ids for various transactions.
·
Asia Pacific is identified as
one of the most lucrative regional market, growing at a CAGR of over 8.5%
during the forecast period. Rapidly improving healthcare infrastructure and high
level economic growth in developing countries such as China, India, and South
Korea is expected to boost usage rates over the forecast period.
·
Increasing number of internet
users in China and India is expected to create a huge user base vulnerable to
cyber attacks. According to data published by the Internet and Mobile
Association of India (IAMAI), the internet user base in India is expected to
reach nearly 402 million by December 2015
·
Key players operating in the
healthcare cyber security market include, Cisco, IBM, MacAfee, Paulo Alto
Networks, Symantec, Trend Micro Lockheed Martin, FireEye, Northrop Grumma,
Kaspersky etc.
Grand View Research has
segmented the Healthcare Cyber Security market on the basis of end-use, type of
threat, type of solution, and region:
Healthcare Cyber Security End-Use Outlook (Revenue, USD
Million, 2014 - 2022)
·
Pharmaceuticals & Chemicals
·
Medical Devices
·
Health Insurance
·
Hospitals
·
Others
Healthcare Cyber Security Type of Threat Outlook (Revenue,
USD Million, 2014 - 2022)
·
Pharmaceuticals & Chemicals
·
Malware
·
DDoS
·
Advanced Persistent Threats
(APT)
·
Spyware
·
Lost or Stolen Devices
·
Others
Healthcare Cyber Security Type of Solution Outlook (Market
Revenue in USD Million, 2012 - 2022)
·
Identity and Access Management
·
Risk and Compliance Management
·
Antivirus and Antimalware
·
DDoS Mitigation
·
Security Information and Event
Management (SIEM)
·
Intrusion Detection System
(IDS)/Intrusion Prevention System (IPS)
·
Others
Healthcare Cyber Security Regional Outlook (Revenue, USD
Million, 2014 - 2022)
·
North America
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
Japan
·
India
·
Latin America
·
Brazil
·
Mexico
·
MEA
·
South Africa
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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